EX-12.1 2 fy2014q2exhibit121.htm EXHIBIT 12.1
Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
(Unaudited)

| Six Months Ended
| June 30, 2014
Loss from continuing operations before income tax benefit and cumulative effect of change in accounting principle | $ | (29.4 | )
Loss recognized on less than fifty percent owned persons | 9.0 |
Noncontrolling interest in the income of subsidiary with fixed charges | (5.4 | )
| $ | (25.8 | )
Fixed Charges: |
Interest expense | $ | 56.4 |
Portion of rents deemed to be interest | 3.5 |
Capitalized interest | 3.6 |
Amortization of debt expense | 1.7 |
Fixed charges excluding capitalized interest | 65.2 |
Earnings adjustments: |
Capitalized interest | (3.6 | )
Earnings, as adjusted | $ | 35.8 |
Ratio of earnings to fixed charges | 0.5 |