EX-12.1 2 fy2017q1exhibit121.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, 2017 |
Income before income taxes and cumulative effect of change in accounting principle | $ | 23.1 |  |
Income recognized on less than fifty percent owned persons | (0.2 | ) |
Noncontrolling interest in the income of subsidiary with fixed charges | (3.6 | ) |
| $ | 19.3 |  |
Fixed Charges: |  |
Interest expense | $ | 32.6 |  |
Portion of rents deemed to be interest | 1.7 |  |
Capitalized interest | 0.7 |  |
Amortization of debt expense | 1.2 |  |
Fixed charges excluding capitalized interest | 36.2 |  |
Earnings adjustments: |  |
Capitalized interest | (0.7 | ) |
Earnings, as adjusted | $ | 54.8 |  |
Ratio of earnings to fixed charges | 1.5 |  |