EX-12.1 7 fy2014q1exhibit121.htm EXHIBIT 12.1
Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
(Unaudited)

| Three Months Ended
| March 31, 2014
Loss from continuing operations before income tax benefit and cumulative effect of change in accounting principle | $ | (26.0 | )
Loss recognized on less than fifty percent owned persons | 3.4 |
Noncontrolling interest in the income of subsidiary with fixed charges | (2.1 | )
| $ | (24.7 | )
Fixed Charges: |
Interest expense | $ | 28.4 |
Portion of rents deemed to be interest | 1.8 |
Capitalized interest | 2.3 |
Amortization of debt expense | 0.9 |
Fixed charges excluding capitalized interest | 33.4 |
Earnings adjustments: |
Capitalized interest | (2.3 | )
Earnings, as adjusted | $ | 6.4 |
Ratio of earnings to fixed charges | 0.2 |