Exhibit 12.1
KAISER ALUMINUM CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions of dollars, except for ratio of earnings to fixed charges)
| Six Months Ended June 30, 2016 | Year Ended | |||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income (loss) from continuing operations before taxes and equity in (earnings) losses of unconsolidated affiliates | $ | 83.1 | $ | (371.8 | ) | $ | 107.1 | $ | 143.2 | $ | 139.6 | $ | 41.3 | |||||||||||
Fixed charges | 12.9 | 28.6 | 42.5 | 41.6 | 34.1 | 22.6 | ||||||||||||||||||
Interest capitalized | (1.8 | ) | (1.8 | ) | (2.5 | ) | (3.4 | ) | (1.7 | ) | (1.3 | ) | ||||||||||||
Amortization of interest capitalized | 0.5 | 1.0 | 0.9 | 0.8 | 0.7 | 0.6 | ||||||||||||||||||
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Earnings | $ | 94.7 | $ | (344.0 | ) | $ | 148.0 | $ | 182.2 | $ | 172.7 | $ | 63.2 | |||||||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest expense, including amortization of discounts, debt issuance costs | $ | 9.7 | $ | 24.1 | $ | 37.5 | $ | 35.7 | $ | 29.1 | $ | 18.0 | ||||||||||||
Interest capitalized | 1.8 | 1.8 | 2.5 | 3.4 | 1.7 | 1.3 | ||||||||||||||||||
Amount representative of the interest factor in rents | 1.4 | 2.7 | 2.5 | 2.5 | 3.3 | 3.3 | ||||||||||||||||||
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| $ | 12.9 | $ | 28.6 | $ | 42.5 | $ | 41.6 | $ | 34.1 | $ | 22.6 | |||||||||||||
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Ratio of earnings to fixed charges | 7.4 | N/A | 3.5 | 4.4 | 5.1 | 2.8 | ||||||||||||||||||
Deficiency of earnings to fixed charges | — | (372.6 | ) | — | — | — | — | |||||||||||||||||
