EX-12.1 7 dex121.htm STATEMENT REGARDING COMPUTATION OF FINANCIAL RATIOS

Statement Regarding Computation of Financial Ratios

Exhibit 12.1

EXHIBIT 12.1—STATEMENT REGARDING COMPUTATION OF FINANCIAL RATIOS

(in millions, except financial ratios, share and per share data)

				2010				2009				2008				2007				2006
1. NET INCOME ATTRIBUTABLE TO INNOSPEC INC. AS A PERCENT OF SALES
A		Net income attributable to Innospec Inc.		$	73.7			$	6.4			$	12.5			$	29.5			$	11.4
B		Net sales		$	683.2			$	598.5			$	640.5			$	602.4			$	532.1
A % of B					10.8	%			1.1	%			2.0	%			4.9	%			2.1	%
2. EFFECTIVE INCOME TAX RATE AS A PERCENT
C		Income taxes		$	(3.0	)		$	11.9			$	6.3			$	18.2			$	20.4
D		Income before income taxes		$	70.7			$	18.3			$	18.9			$	47.8			$	31.9
C % of D					-4.2	%			65.0	%			33.3	%			38.1	%			63.9	%
3. CURRENT RATIO
E		Current assets		$	321.9			$	282.9			$	256.6			$	256.1			$	305.3
F		Current liabilities		$	158.9			$	179.9			$	188.1			$	160.7			$	142.9
		Ratio of E to F			2.0				1.6				1.4				1.6				2.1
4. EARNINGS PER SHARE ATTRIBUTABLE TO INNOSPEC INC.
G		Net income attributable to Innospec Inc.		$	73.7			$	6.4			$	12.5			$	29.5			$	11.4
H		Basic shares outstanding			23,756				23,642				23,595				23,920				24,141
I		Diluted shares outstanding			24,814				24,714				24,391				24,838				25,339
G/H		Basic earnings per share attributable to Innospec Inc.		$	3.10			$	0.27			$	0.53			$	1.23			$	0.47
G/I		Diluted earnings per share attributable to Innospec Inc.		$	2.97			$	0.26			$	0.51			$	1.19			$	0.45

Shares in thousands, earnings per share attributable to Innospec Inc. in dollars.