EX-12.1 2 fy2015q3exhibit121.htm EXHIBIT 12.1
Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(Dollars in millions)
(Unaudited)

| Nine Months Ended |
| September 30, 2015 |
Loss from continuing operations before income tax benefit and cumulative effect of change in accounting principle | $ | (118.9 | ) |
Income recognized on less than fifty percent owned persons | (0.4 | ) |
Noncontrolling interest in the income of subsidiary with fixed charges | (8.4 | ) |
| $ | (127.7 | ) |
Fixed Charges: |  |
Interest expense | $ | 80.9 |  |
Portion of rents deemed to be interest | 5.7 |  |
Capitalized interest | 1.6 |  |
Amortization of debt expense | 1.2 |  |
Fixed charges excluding capitalized interest | 89.4 |  |
Earnings adjustments: |  |
Capitalized interest | (1.6 | ) |
Earnings, as adjusted | $ | (39.9 | ) |
Ratio of earnings to fixed charges | — |  | (1)

(1) For the nine months ended September 30, 2015, fixed charges exceeded earnings by $129.3 million.