Celanese Corporation and Subsidiaries
Statement of Computation of Ratio of Earnings to Fixed Charges
|
| | | | | | | | | | | | | | |
| | Year Ended December 31, |
| | 2016 | | 2015 | | 2014 | | 2013 | | 2012 |
| | (In $ millions, except ratios) |
| Earnings: | | | | | | | | | |
| Pre-tax income from continuing operations before adjustment for noncontrolling interest | 1,030 |
| | 488 |
| | 941 |
| | 1,609 |
| | 321 |
|
| Subtract | | | | | | | | | |
| Equity in net earnings of affiliates | (155 | ) | | (181 | ) | | (246 | ) | | (180 | ) | | (242 | ) |
| Add | | | | | | | | | |
| Net (earnings) loss attributable to non-controlling interests | (6 | ) | | 19 |
| | 4 |
| | — |
| | — |
|
| Income distributions from equity investments | 131 |
| | 176 |
| | 148 |
| | 141 |
| | 262 |
|
| Amortization of capitalized interest | 4 |
| | 5 |
| | 3 |
| | 3 |
| | 2 |
|
| Total fixed charges | 176 |
| | 185 |
| | 217 |
| | 234 |
| | 247 |
|
| Total earnings as defined before fixed charges | 1,180 |
| | 692 |
| | 1,067 |
| | 1,807 |
| | 590 |
|
| Fixed charges: | | | | | | | | | |
| Interest expense | 120 |
| | 119 |
| | 147 |
| | 172 |
| | 185 |
|
| Capitalized interest | 5 |
| | 15 |
| | 16 |
| | 9 |
| | 7 |
|
| Estimated interest portion of rent expense | 51 |
| | 51 |
| | 54 |
| | 53 |
| | 55 |
|
| Cumulative preferred stock dividends | — |
| | — |
| | — |
| | — |
| | — |
|
| Guaranteed payment to minority shareholders | — |
| | — |
| | — |
| | — |
| | — |
|
| Total fixed charges | 176 |
| | 185 |
| | 217 |
| | 234 |
| | 247 |
|
| Ratio of earnings to fixed charges | 6.7x | | 3.7x | | 4.9x | | 7.7x | | 2.4x |
