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W. R. GRACE & CO. AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS(1)
(In millions, except ratios)
(Unaudited)
| Year Ended December 31, | ||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||
Net income attributable to W.R. Grace & Co. shareholders | $ | 207.1 | $ | 71.2 | $ | 121.5 | $ | 88.8 | $ | 8.6 | |||||||
Provision for (benefit from) income taxes | 32.9 | 11.5 | 4.3 | (1.1 | ) | 2.8 | |||||||||||
Equity in earnings of unconsolidated affiliates | (17.8 | ) | (1.7 | ) | (0.6 | ) | — | — | |||||||||
Interest expense and related financing costs, including amortization of capitalized interest | 41.7 | 38.8 | 54.9 | 73.0 | 74.1 | ||||||||||||
Estimated amount of rental expense deemed to represent the interest factor | 6.9 | 6.7 | 7.9 | 6.9 | 6.2 | ||||||||||||
Income (loss) as adjusted | $ | 270.8 | $ | 126.5 | $ | 188.0 | $ | 167.6 | $ | 91.7 | |||||||
Combined fixed charges and preferred stock dividends: | |||||||||||||||||
Interest expense and related financing costs, including capitalized interest | $ | 41.3 | $ | 38.9 | $ | 54.5 | $ | 74.1 | $ | 74.4 | |||||||
Estimated amount of rental expense deemed to represent the interest factor | 6.9 | 6.7 | 7.9 | 6.9 | 6.2 | ||||||||||||
Fixed charges | 48.2 | 45.6 | 62.4 | 81.0 | 80.6 | ||||||||||||
Combined fixed charges and preferred stock dividends | $ | 48.2 | $ | 45.6 | $ | 62.4 | $ | 81.0 | $ | 80.6 | |||||||
Ratio of earnings to fixed charges | 5.62 | 2.77 | 3.01 | 2.07 | 1.14 | ||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 5.62 | 2.77 | 3.01 | 2.07 | 1.14 |
- (1)
- There was no preferred stock issued or outstanding in any of the periods presented.
F-109
W. R. GRACE & CO. AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS(1) (In millions, except ratios) (Unaudited)