Exhibit 12.1
Allegheny Technologies Incorporated
Computation of Ratio of Earnings to Fixed Charges
(dollars in millions)
Computation of Ratio of Earnings to Fixed Charges
(dollars in millions)
| For the Years Ended | ||||||||||||||||||||
| 12/31/2006 | 12/31/2005 | 12/31/2004 | 12/31/2003 | 12/31/2002 | ||||||||||||||||
| Income (loss) before income tax provision (benefit) and cumulative effect of change in accounting principle | $ | 869.2 | $ | 307.1 | $ | 19.8 | $ | (280.2 | ) | $ | (103.8 | ) | ||||||||
| (Income) loss recognized on less than fifty percent owned persons | (16.4 | ) | (12.7 | ) | (2.2 | ) | 1.6 | 3.2 | ||||||||||||
| Minority interest in the income of subsidiary with fixed charges | — | — | — | — | — | |||||||||||||||
| $ | 852.8 | $ | 294.4 | $ | 17.6 | $ | (278.6 | ) | $ | (100.6 | ) | |||||||||
| Fixed Charges: | ||||||||||||||||||||
| Interest expense | $ | 37.7 | $ | 46.3 | $ | 38.0 | $ | 33.3 | $ | 36.8 | ||||||||||
| Portion of rents deemed to be interest | 6.8 | 7.0 | 6.0 | 5.8 | 5.3 | |||||||||||||||
| Capitalized interest | 4.5 | 0.2 | 0.9 | 2.1 | 0.1 | |||||||||||||||
| Amortization of debt expense | 0.7 | 0.6 | 0.6 | 0.6 | 0.5 | |||||||||||||||
| Fixed Charges excluding capitalized interest | $ | 49.7 | $ | 54.1 | $ | 45.5 | $ | 41.8 | $ | 42.7 | ||||||||||
| Earnings adjustments: | ||||||||||||||||||||
| Capitalized interest | $ | (4.5 | ) | $ | (0.2 | ) | $ | (0.9 | ) | $ | (2.1 | ) | $ | (0.1 | ) | |||||
| Earnings, as adjusted | $ | 898.0 | $ | 348.3 | $ | 62.2 | $ | (238.9 | ) | $ | (58.0 | ) | ||||||||
| Ratio of earnings to fixed charges | 18.1 | 6.4 | 1.4 | — | (1) | — | (1) | |||||||||||||
| (1) | For the years ended December 31, 2003 and 2002, fixed charges exceeded earnings by approximately $280.7 million and $100.7 million, respectively. |