Exhibit 12.1
Kaiser Aluminum Corporation
Computation of Ratio of Earnings to Fixed Charges
(In millions of dollars, except ratio of earnings to fixed charges)
| Six Months Ended June 30, 2012 | Year Ended | |||||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income (loss) from continuing operations before taxes and equity in (earnings) losses of unconsolidated affiliates | 77.0 | 41.3 | 25.1 | 118.6 | (91.3 | ) | 182.4 | |||||||||||||||||
Fixed Charges | 13.4 | 22.6 | 17.9 | 5.1 | 3.4 | 9.1 | ||||||||||||||||||
Interest capitalized | (1.1 | ) | (1.3 | ) | (2.8 | ) | (2.7 | ) | (0.3 | ) | (3.1 | ) | ||||||||||||
Amortization of interest capitalized | 0.3 | 0.6 | 0.5 | 0.3 | 0.2 | 0.2 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Earnings | 89.6 | 63.2 | 40.7 | 121.4 | (88.0 | ) | 188.5 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense, including amortization of discounts, debt issuance costs and interest component of rent expense | 10.6 | 18.0 | 11.8 | — | 1.0 | 4.3 | ||||||||||||||||||
Interest capitalized | 1.1 | 1.3 | 2.8 | 2.7 | 0.3 | 3.1 | ||||||||||||||||||
Portion of rental representative of interest | 1.7 | 3.3 | 3.3 | 2.4 | 2.1 | 1.7 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Fixed charges | 13.4 | 22.6 | 17.9 | 5.1 | 3.4 | 9.1 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Ratio of earnings to fixed charges | 6.7 | 2.8 | 2.3 | 23.6 | (25.9 | ) | 20.8 | |||||||||||||||||
Deficiency of earnings to fixed charges | — | — | — | — | (91.4 | ) | — | |||||||||||||||||
