Exhibit 12.1
EXHIBIT 12.1—STATEMENT REGARDING COMPUTATION OF FINANCIAL RATIOS
(dollar amounts in millions except per share figures)
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||||
1. NET INCOME/(LOSS) ATTRIBUTABLE TO INNOSPEC INC. AS A PERCENT OF SALES | ||||||||||||||||||||||
A | Net income/(loss) attributable to Innospec Inc. | $ | 6.4 | $ | 12.5 | $ | 29.5 | $ | 11.4 | $ | (123.7 | ) | ||||||||||
B | Net sales | $ | 598.5 | $ | 640.5 | $ | 602.4 | $ | 532.1 | $ | 564.8 | |||||||||||
A % of B | 1.1 | % | 2.0 | % | 4.9 | % | 2.1 | % | (21.9 | )% | ||||||||||||
2. EFFECTIVE INCOME TAX RATE AS A PERCENT | ||||||||||||||||||||||
C | Income taxes | $ | 11.9 | $ | 6.3 | $ | 18.2 | $ | 20.4 | $ | 4.2 | |||||||||||
D | Income/(loss) before income taxes | $ | 18.3 | $ | 18.9 | $ | 47.8 | $ | 31.9 | $ | (117.9 | ) | ||||||||||
C % of D | 65.0 | % | 33.3 | % | 38.1 | % | 63.9 | % | (3.6 | )% | ||||||||||||
3. CURRENT RATIO | ||||||||||||||||||||||
E | Current assets | $ | 282.9 | $ | 256.6 | $ | 256.1 | $ | 305.3 | $ | 239.8 | |||||||||||
F | Current liabilities | $ | 179.9 | $ | 188.1 | $ | 160.7 | $ | 142.9 | $ | 140.5 | |||||||||||
E % of F | 1.6 | % | 1.4 | % | 1.6 | % | 2.1 | % | 1.7 | % | ||||||||||||
4. EARNINGS PER SHARE ATTRIBUTABLE TO INNOSPEC INC. | ||||||||||||||||||||||
G | Net income/(loss) attributable to Innospec Inc. | $ | 6.4 | $ | 12.5 | $ | 29.5 | $ | 11.4 | $ | (123.7 | ) | ||||||||||
H | Basic shares outstanding | 23,642 | 23,595 | 23,920 | 24,141 | 24,737 | ||||||||||||||||
I | Diluted shares outstanding | 24,714 | 24,391 | 24,838 | 25,339 | 24,737 | ||||||||||||||||
G/H | Basic earnings per share attributable to Innospec Inc. | $ | 0.27 | $ | 0.53 | $ | 1.23 | $ | 0.47 | $ | (5.00 | ) | ||||||||||
G/I | Diluted earnings per share attributable to Innospec Inc. | $ | 0.26 | $ | 0.51 | $ | 1.19 | $ | 0.45 | $ | (5.00 | ) | ||||||||||
Shares in thousands, earnings per share attributable to Innospec Inc. in dollars.