EX-12.1 4 fy2016q1exhibit121.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, 2016 |
Loss before income tax benefit and cumulative effect of change in accounting principle | $ | (132.3 | ) |
Income recognized on less than fifty percent owned persons | 0.3 |  |
Noncontrolling interest in the income of subsidiary with fixed charges | (3.1 | ) |
| $ | (135.1 | ) |
Fixed Charges: |  |
Interest expense | $ | 28.2 |  |
Portion of rents deemed to be interest | 2.0 |  |
Capitalized interest | 0.8 |  |
Amortization of debt expense | 0.6 |  |
Fixed charges excluding capitalized interest | 31.6 |  |
Earnings adjustments: |  |
Capitalized interest | (0.8 | ) |
Earnings, as adjusted | $ | (104.3 | ) |
Ratio of earnings to fixed charges | — |  | (1)

(1) For the three months ended March 31, 2016, fixed charges exceeded earnings by $135.9 million.