Exhibit 12.1
WESTLAKE CHEMICAL CORPORATION
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(thousands of dollars)
| Six Months Ended June 30, 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Earnings before Income Taxes | 256,123 | 342,960 | 78,753 | (58,022 | ) | 158,957 | 282,549 | |||||||||||||||||
Fixed Charges | 32,970 | 54,886 | 50,836 | 52,031 | 34,507 | 31,782 | ||||||||||||||||||
Amortization of Capitalized Interest | — | — | — | — | — | — | ||||||||||||||||||
Equity Distributions | — | — | — | — | — | — | ||||||||||||||||||
Capitalized Interest | (97 | ) | (22 | ) | (123 | ) | (3,198 | ) | (2,181 | ) | (3,593 | ) | ||||||||||||
Equity Investment (Income) Loss | (1,552 | ) | (2,212 | ) | (3,818 | ) | (621 | ) | (2,796 | ) | (1,766 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Earnings | 287,444 | 395,612 | 125,648 | (9,810 | ) | 188,487 | 308,972 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Interest Expense | 25,722 | 39,875 | 34,957 | 33,957 | 18,422 | 16,519 | ||||||||||||||||||
Capitalized Interest | 97 | 22 | 123 | 3,198 | 2,181 | 3,593 | ||||||||||||||||||
Amortization of Debt Issue Costs | 863 | 2,154 | 1,461 | 954 | 760 | 850 | ||||||||||||||||||
Portion of Rentals | 6,288 | 12,835 | 14,295 | 13,922 | 13,144 | 10,820 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed Charges | 32,970 | 54,886 | 50,836 | 52,031 | 34,507 | 31,782 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of Earnings to Fixed Charges | 8.7 | 7.2 | 2.5 | — | (1) | 5.5 | 9.7 | |||||||||||||||||
| (1) | Earnings for 2008 were insufficient to cover fixed charges by $61.8 million. |