EXHIBIT 12.2
AK STEEL HOLDING CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in millions)
| Six Months Ended June 30, | Year Ended December 31, | |||||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | |||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Capitalized interest credit | $ | 1.5 | $ | 2.7 | $ | 2.5 | $ | 6.7 | $ | 10.1 | $ | 7.8 | ||||||||||||
Interest factor in rent expense | 1.7 | 3.3 | 3.8 | 3.0 | 3.2 | 2.8 | ||||||||||||||||||
Other interest and fixed charges | 65.5 | 127.6 | 86.8 | 47.9 | 33.6 | 37.4 | ||||||||||||||||||
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Total fixed charges | $ | 68.7 | $ | 133.6 | $ | 93.1 | $ | 57.6 | $ | 46.9 | $ | 48.0 | ||||||||||||
Earnings—pre-tax income (loss) with applicable adjustments | $ | (27.8 | ) | $ | 93.7 | $ | (159.0 | ) | $ | (186.0 | ) | $ | (125.4 | ) | $ | (47.9 | ) | |||||||
Ratio of earnings to fixed charges | NM | * | NM | * | NM | * | NM | * | NM | * | NM | * | ||||||||||||
| * | For the six months ended June 30, 2014 and the years ended December 31, 2013, 2012, 2011, 2010 and 2009, earnings were less than fixed charges by $96.5, $39.9, $252.1, $243.6, $172.3 and $95.9, respectively. |
