EXHIBIT 12.1
Celanese Corporation and Subsidiaries
Statement of Computation of Ratio of Earnings to Fixed Charges
Statement of Computation of Ratio of Earnings to Fixed Charges
Three Months | ||||||||||||||||||||||||
Ended | ||||||||||||||||||||||||
March 31, | Year Ended December 31, | |||||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
(In $ millions, except ratios) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Earnings (loss) from continuing operations before tax | 180 | 538 | 251 | 433 | 437 | 549 | ||||||||||||||||||
Subtract | ||||||||||||||||||||||||
Equity in net earnings of affiliates | (43 | ) | (168 | ) | (99 | ) | (172 | ) | (150 | ) | (162 | ) | ||||||||||||
Add | ||||||||||||||||||||||||
Income distributions from equity investments | 73 | 138 | 78 | 183 | 135 | 162 | ||||||||||||||||||
Amortization of capitalized interest | 1 | 2 | 2 | 2 | 1 | 3 | ||||||||||||||||||
Total fixed charges | 69 | 262 | 268 | 324 | 322 | 350 | ||||||||||||||||||
Total earnings as defined before combined fixed charges | 280 | 772 | 500 | 770 | 745 | 902 | ||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest expense | 55 | 204 | 207 | 261 | 262 | 294 | ||||||||||||||||||
Capitalized interest | 1 | 2 | 2 | 6 | 9 | 6 | ||||||||||||||||||
Estimated interest portion of rent expense | 13 | 53 | 49 | 47 | 41 | 36 | ||||||||||||||||||
Cumulative preferred stock dividends | — | 3 | 10 | 10 | 10 | 10 | ||||||||||||||||||
Guaranteed payment to minority shareholders | — | — | — | — | — | 4 | ||||||||||||||||||
Total combined fixed charges | 69 | 262 | 268 | 324 | 322 | 350 | ||||||||||||||||||
Ratio of earnings to combined fixed charges | 4.0 | x | 2.9x | 1.9x | 2.4x | 2.3x | 2.6x |