EX-12.1 4 d279557dex121.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)

				2011				2010				2009				2008				2007
1. NET INCOME ATTRIBUTABLE TO INNOSPEC INC. AS A PERCENTAGE OF SALES
		A          Net income attributable to Innospec Inc.		$	48.9			$	73.7			$	6.4			$	12.5			$	29.5
		B          Net sales		$	774.4			$	683.2			$	598.5			$	640.5			$	602.4
		A % of B			6.3	%			10.8	%			1.1	%			2.0	%			4.9	%
2. EFFECTIVE TAX RATE AS A PERCENTAGE
		C          Income taxes		$	3.7			$	(3.0	)		$	11.9			$	6.3			$	18.2
		D          Income before income taxes		$	52.6			$	70.7			$	18.3			$	18.9			$	47.8
		C % of D			7.0	%			-4.2	%			65.0	%			33.3	%			38.1	%
3. CURRENT RATIO
		E          Current assets		$	320.3			$	321.9			$	282.9			$	256.6			$	256.1
		F          Current liabilities		$	146.0			$	158.9			$	179.9			$	188.1			$	160.7
		Ratio of E to F			2.2				2.0				1.6				1.4				1.6
4. EARNINGS PER SHARE ATTRIBUTABLE TO INNOSPEC INC.
		G          Net income attributable to Innospec Inc.		$	48.9			$	73.7			$	6.4			$	12.5			$	29.5
		H          Basic shares outstanding			23,568				23,756				23,642				23,595				23,920
		I            Diluted shares outstanding			24,520				24,814				24,714				24,391				24,838
		G/H      Basicearnings per share attributable to Innospec Inc.		$	2.07			$	3.10			$	0.27			$	0.53			$	1.23
		G/I        Dilutedearnings per share attributable to Innospec Inc.		$	1.99			$	2.97			$	0.26			$	0.51			$	1.19

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