Exhibit 12.1
EXHIBIT 12.1 – STATEMENT REGARDING COMPUTATION OF FINANCIAL RATIOS
(in millions except financial ratios, share and per share data)
2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||
1. NET INCOME ATTRIBUTABLE TO INNOSPEC INC. AS A PERCENTAGE OF SALES | ||||||||||||||||||||||
A Net income attributable to Innospec Inc. | $ | 68.3 | $ | 48.9 | $ | 73.7 | $ | 6.4 | $ | 12.5 | ||||||||||||
B Net sales | $ | 776.4 | $ | 774.4 | $ | 683.2 | $ | 598.5 | $ | 640.5 | ||||||||||||
A % of B | 8.8 | % | 6.3 | % | 10.8 | % | 1.1 | % | 2.0 | % | ||||||||||||
2. EFFECTIVE TAX RATE AS A PERCENTAGE | ||||||||||||||||||||||
C Income taxes | $ | 26.9 | $ | 3.7 | $ | (3.0 | ) | $ | 11.9 | $ | 6.3 | |||||||||||
D Income before income taxes | $ | 95.2 | $ | 52.6 | $ | 70.7 | $ | 18.3 | $ | 18.9 | ||||||||||||
C % of D | 28.3 | % | 7.0 | % | -4.2 | % | 65.0 | % | 33.3 | % | ||||||||||||
3. CURRENT RATIO | ||||||||||||||||||||||
E Current assets | $ | 296.6 | $ | 320.3 | $ | 321.9 | $ | 282.9 | $ | 256.6 | ||||||||||||
F Current liabilities | $ | 147.3 | $ | 146.0 | $ | 158.9 | $ | 179.9 | $ | 188.1 | ||||||||||||
Ratio of E to F | 2.0 | 2.2 | 2.0 | 1.6 | 1.4 | |||||||||||||||||
4. EARNINGS PER SHARE ATTRIBUTABLE TO INNOSPEC INC. | ||||||||||||||||||||||
G Net income attributable to Innospec Inc. | $ | 68.3 | $ | 48.9 | $ | 73.7 | $ | 6.4 | $ | 12.5 | ||||||||||||
H Basic shares outstanding | 23,187 | 23,568 | 23,756 | 23,642 | 23,595 | |||||||||||||||||
I Diluted shares outstanding | 23,850 | 24,520 | 24,814 | 24,714 | 24,391 | |||||||||||||||||
G/H Basicearnings per share attributable to Innospec Inc. | $ | 2.95 | $ | 2.07 | $ | 3.10 | $ | 0.27 | $ | 0.53 | ||||||||||||
G/I Dilutedearnings per share attributable to Innospec Inc. | $ | 2.86 | $ | 1.99 | $ | 2.97 | $ | 0.26 | $ | 0.51 | ||||||||||||
Shares in thousands, earnings per share attributable to Innospec Inc. in dollars.