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New words:
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Filing tables
Filing exhibits
- 10-K Annual report
- 12 Statement of Computation of Ratio of Earnings to Fixed Charges
- 31.1 Certification of Principal Executive Officer
- 31.2 Certification of Principal Financial Officer
- 32.1 Section 1350 Certification of Principal Executive Officer
- 32.2 Section 1350 Certification of Principal Financial Officer
- 99.1 Consolodated Financial Statements of Lyondell Chemical Company
Equistar Chemicals similar filings
Filing view
External links
Exhibit 12
EQUISTAR CHEMICALS, LP
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Millions of dollars)
| Year Ended December 31, | ||||||||||||||||||
| 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 748 | $ | 276 | $ | (339 | ) | $ | (246 | ) | $ | (283 | ) | |||||
Fixed charges: | ||||||||||||||||||
Interest expense, gross | 227 | 227 | 215 | 205 | 192 | |||||||||||||
Portion of rentals representative of interest | 34 | 31 | 35 | 42 | 37 | |||||||||||||
Total fixed charges before capitalized interest | 261 | 258 | 250 | 247 | 229 | |||||||||||||
Capitalized interest | — | — | — | — | — | |||||||||||||
Total fixed charges including capitalized interest | 261 | 258 | 250 | 247 | 229 | |||||||||||||
Earnings (losses) | $ | 1,009 | $ | 534 | $ | (89 | ) | $ | 1 | $ | (54 | ) | ||||||
Ratio of earnings (losses) to fixed charges (a) | 3.9 | 2.1 | — | — | — | |||||||||||||
| (a) | In 2003, 2002 and 2001, earnings were insufficient to cover fixed charges by $339 million, $246 million and $283 million, respectively. |