MPM HOLDINGS INC.
Statement Regarding Computation of Ratios
(Amounts in millions of dollars)
Year ended December 31, | ||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||
Pre-tax (loss) income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or earnings from unconsolidated entities | (72 | ) | 1,658 | (363 | ) | (362 | ) | (107 | ) | |||||
Fixed Charges: | ||||||||||||||
Interest expensed and capitalized | 73 | 162 | 394 | 278 | 257 | |||||||||
Interest element of lease costs | 4 | 7 | 5 | 12 | 10 | |||||||||
Total fixed charges | 77 | 169 | 399 | 290 | 267 | |||||||||
Pre-tax income (loss) from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or earnings from unconsolidated entities, plus fixed charges | 5 | 1,827 | 36 | (72 | ) | 160 | ||||||||
Ratio of earnings to fixed charges | N/A | 10.81 | N/A | N/A | 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 $72, $363, $362, and $107 for the years ended December 31, 2015, 2013, 2012, and 2011, respectively. |