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.