MPM HOLDINGS INC.
Statement Regarding Computation of Ratios
(Amounts in millions of dollars)
| Year Ended December 31, | ||||||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||
| Pre-tax income (loss) from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or earnings from unconsolidated entities | 15 | (146 | ) | (72 | ) | 1,658 | (363 | ) | ||||||
| Fixed Charges: | ||||||||||||||
| Interest expensed and capitalized | 81 | 69 | 73 | 162 | 394 | |||||||||
| Interest element of lease costs | 8 | 5 | 4 | 7 | 5 | |||||||||
| Total fixed charges | 89 | 74 | 77 | 169 | 399 | |||||||||
| Pre-tax income (loss) from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or earnings from unconsolidated entities, plus fixed charges | 104 | (72 | ) | 5 | 1,827 | 36 | ||||||||
| Ratio of earnings to fixed charges | 1.17 | N/A | N/A | 10.81 | N/A | |||||||||
| (1) | The interest element of lease costs has been calculated as 1/3 of the rental expense relating to operating leases as management believes this represents the interest portion hereof. |
| (2) | Our earnings were insufficient to cover fixed charges by $146, $72, and $363, for the years ended December 31, 2016, 2015, and 2013, respectively. |