Innospec (IOSP) 10-K 2013 FY Annual report

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.