EX-12.1 2 d637782dex121.htm EX-12.1

EX-12.1

EXHIBIT 12.1 – STATEMENT REGARDING COMPUTATION OF FINANCIAL RATIOS

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

				2013				2012				2011				2010				2009
1. NET INCOME ATTRIBUTABLE TO INNOSPEC INC. AS A PERCENTAGE OF SALES
		A          Net income attributable to Innospec Inc.		$	77.8				66.9			$	47.1			$	69.9			$	6.4
		B          Net sales		$	818.8				776.4			$	774.4			$	683.2			$	598.5
		A % of B			9.5	%			8.6	%			6.1	%			10.2	%			1.1	%
2. EFFECTIVE TAX RATE AS A PERCENTAGE
		C          Income taxes		$	15.0				26.4			$	3.1			$	(4.3	)		$	11.9
		D          Income before income taxes		$	92.8				93.3			$	50.2			$	65.6			$	18.3
		C % of D			16.2	%			28.3	%			6.2	%			-6.6	%			65.0	%
3. CURRENT RATIO
		E          Current assets		$	407.4				296.6			$	320.3			$	321.9			$	282.9
		F          Current liabilities		$	155.6				147.3			$	146.0			$	158.9			$	179.9
		Ratio of E to F			2.6				2.0				2.2				2.0				1.6
4. EARNINGS PER SHARE ATTRIBUTABLE TO INNOSPEC INC.
		G          Net income attributable to Innospec Inc.		$	77.8				66.9			$	47.1			$	69.9			$	6.4
		H          Basic shares outstanding			23,651				23,187				23,568				23,756				23,642
		I            Diluted shares outstanding			24,156				23,850				24,520				24,814				24,714
		G/H      Basicearnings per share attributable to Innospec Inc.		$	3.29				2.89			$	2.00			$	2.94			$	0.27
		G/I        Dilutedearnings per share attributable to Innospec Inc.		$	3.22				2.81			$	1.92			$	2.82			$	0.26

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