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- 10-K Annual report
- 10.13 2010 Equity Incentive Plan Form of Employee Restricted Stock Unit Agreement
- 10.14 2010 Equity Incentive Plan Form of Employee Nonqualified Stock Option Agreement
- 10.16 2011 Abitibibowater Inc. Short-term Incentive Plan
- 10.17 Summary of 2012 Abitibibowater Inc. Short-term Incentive Plan
- 10.35 Offer Letter Between Pierre Laberge and Abitibibowater Inc.
- 10.36 Director Compensation Program Chart
- 10.38 Abibow Canada Inc. and Abitibibowater Inc. Security Protocol
- 10.39 Retirement Compensation Trust Agreement
- 12.1 Computation of Ratio of Earnings to Fixed Charges
- 21.1 Subsidiaries of the Registrant
- 23.1 Consent of Independent Registered Public Accounting Firm
- 24.1 Powers of Attorney for Certain Directors of the Registrant
- 31.1 Certification of President and Chief Executive Officer Pursuant to Section 302
- 31.2 Ertification of Senior Vice President and Chief Financial Officer Section 302
- 32.1 Certification of President and Chief Executive Officer Pursuant to Section 906
- 32.2 Certification of Senior Vice President and Chief Financial Officer Section 906
EXHIBIT 12.1
ABITIBIBOWATER INC.
Computation of Ratio of Earnings to Fixed Charges
(In millions of dollars)
(Unaudited)
Years Ended December 31, | ||||||||||||||||||||||
Successor | Predecessor | |||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||
Earnings (loss): | ||||||||||||||||||||||
Earnings (loss) before income taxes(a) | $ | 55 | $ | 1,169 | $ | (1,682 | ) | $ | (2,299 | ) | $ | (649 | ) | |||||||||
Add: Fixed charges from below | 100 | 489 | 606 | 727 | 266 | |||||||||||||||||
Less: Capitalized interest | (1) | – | (1 | ) | – | (1 | ) | |||||||||||||||
$ | 154 | $ | 1,658 | $ | (1,077 | ) | $ | (1,572 | ) | $ | (384 | ) | ||||||||||
Fixed Charges: | ||||||||||||||||||||||
Interest expense, net of interest capitalized | $ | 95 | $ | 469 | $ | 540 | $ | 594 | $ | 248 | ||||||||||||
Capitalized interest | 1 | – | 1 | – | 1 | |||||||||||||||||
Estimate of interest within rental expense | 4 | 6 | 8 | 10 | 9 | |||||||||||||||||
Amortized premium, discounts and deferred financing costs related to indebtedness | – | 14 | 57 | 123 | 8 | |||||||||||||||||
$ | 100 | $ | 489 | $ | 606 | $ | 727 | $ | 266 | |||||||||||||
Ratio of Earnings to Fixed Charges | 1.5x | 3.4x | (b | ) | (b | ) | (b | ) |
(a) | For the year ended December 31, 2008, loss before income taxes included an extraordinary loss on expropriation of assets of $256 million. |
(b) | For the years ended December 31, 2009, 2008 and 2007, earnings were inadequate to cover fixed charges, resulting in a deficiency of $1,683 million, $2,299 million and $650 million, respectively. |