Exhibit 12.2
WESTLAKE CHEMICAL CORPORATION
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(millions of dollars)
| 2000 | 2001 | 2002 | 2003 | 2004 | Nine Months Ended 9/30/2004 | Nine Months Ended 9/30/2005 | ||||||||||||||
Fixed Charges | ||||||||||||||||||||
Interest Expense | 37.3 | 35.5 | 35.0 | 38.6 | 39.4 | 32.3 | 17.9 | |||||||||||||
Capitalized Interest | 1.6 | 0.4 | 0.1 | — | 0.8 | |||||||||||||||
Amortization of Debt Costs | 2.0 | 1.5 | 3.1 | 2.6 | — | — | ||||||||||||||
Portion of Rentals | 6.3 | 6.6 | 6.1 | 5.8 | 6.9 | 4.9 | 6.6 | |||||||||||||
Total Fixed Charges | 45.6 | 45.2 | 44.6 | 47.0 | 46.4 | 37.2 | 25.3 | |||||||||||||
Earnings Before Fixed Charges | ||||||||||||||||||||
Pretax Income | 90.7 | (117.3 | ) | (14.2 | ) | 23.5 | 190.7 | 115.3 | 236.3 | |||||||||||
Fixed Charges | 45.6 | 45.2 | 44.6 | 47.0 | 46.4 | 37.2 | 25.3 | |||||||||||||
Equity Investment (income) loss | (1.2 | ) | (0.8 | ) | (1.5 | ) | (1.4 | ) | (1.1 | ) | 0.3 | |||||||||
Equity Investment Distribution | 0.7 | — | 0.4 | 0.4 | — | |||||||||||||||
Capitalized Interest | (1.6 | ) | (0.4 | ) | (0.1 | ) | — | (0.8 | ) | |||||||||||
Amortization of Capitalized Interest | 1.6 | 1.7 | 1.7 | 1.7 | 1.7 | 1.3 | 1.3 | |||||||||||||
Earnings Before Fixed Charges | 137.9 | (73.2 | ) | 31.6 | 70.7 | 237.7 | 153.1 | 262.4 | ||||||||||||
Ratio of Earnings to Fixed Charges | 3.0 | — | — | 1.5 | 5.1 | 4.1 | 10.4 |