- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
|
- 10-K Annual report
- 3 By-laws of Registrant
- 10 Amendments to Alcoa Stock Acquisition Plan
- 10 Amendments to Employees' Excess Benefit Plan, Plan D
- 10 Amendments to Deferred Compensation Plan
- 10 Amendments to Alcoa Deferred Compensation Estate Enhancement Plan
- 10 Amendments to Global Pension Plan Effective January 1, 2005
- 10 Amendments to Global Pension Plan Effective December 1, 2005
- 10 Reynolds Metals Company Benefit Restoration Plan for New Retirement Program
- 10 Summary of Expatriate Benefit Arrangements
- 10 Alcoa Non-qualified Pension Plan for Senior Management
- 10 Global Expatriate Employee Policy
- 12 Computation of Ratio of Earnings to Fixed Charges
- 13 Portions of Alcoa's 2005 Annual Report to Shareholders
- 21 Subsidiaries and Equity Entities of the Registrant
- 23 Consent of Independent Registered Public Accounting Firm
- 24 Power of Attorney for Certain Directors
- 31 Section 302 Certification of CEO and CFO
- 32 Section 906 Certification of CEO and CFO
Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE YEAR ENDED DECEMBER 31
(in millions, except ratios)
2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Income from continuing operations before taxes on income and before accounting change | $ | 1,933 | $ | 2,165 | $ | 1,670 | $ | 971 | $ | 1,598 | ||||||||||
Minority interests’ share of earnings of majority-owned subsidiaries without fixed charges | — | — | — | — | — | |||||||||||||||
Less equity earnings | (26 | ) | (145 | ) | (138 | ) | (72 | ) | (118 | ) | ||||||||||
Fixed charges added to earnings | 389 | 314 | 347 | 380 | 420 | |||||||||||||||
Distributed income of less than 50% owned persons | 40 | 59 | 35 | 21 | 23 | |||||||||||||||
Amortization of capitalized interest: | ||||||||||||||||||||
Consolidated | 25 | 25 | 21 | 14 | 13 | |||||||||||||||
Proportionate share of 50% owned persons | — | — | — | — | — | |||||||||||||||
Total earnings | $ | 2,361 | $ | 2,418 | $ | 1,935 | $ | 1,314 | $ | 1,936 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense: | ||||||||||||||||||||
Consolidated | $ | 339 | $ | 271 | $ | 314 | $ | 350 | $ | 371 | ||||||||||
Proportionate share of 50% owned persons | 3 | 3 | 4 | 4 | 6 | |||||||||||||||
342 | 274 | 318 | 354 | 377 | ||||||||||||||||
Amount representative of the interest factor in rents: | ||||||||||||||||||||
Consolidated | 45 | 38 | 28 | 25 | 41 | |||||||||||||||
Proportionate share of 50% owned persons | 2 | 2 | 1 | 1 | 2 | |||||||||||||||
47 | 40 | 29 | 26 | 43 | ||||||||||||||||
Fixed charges added to earnings | 389 | 314 | 347 | 380 | 420 | |||||||||||||||
Interest capitalized: | ||||||||||||||||||||
Consolidated | 58 | 27 | 21 | 22 | 22 | |||||||||||||||
Proportionate share of 50% owned persons | — | — | — | — | — | |||||||||||||||
58 | 27 | 21 | 22 | 22 | ||||||||||||||||
Total fixed charges | $ | 447 | $ | 341 | $ | 368 | $ | 402 | $ | 442 | ||||||||||
Ratio of earnings to fixed charges | 5.3 | 7.1 | 5.3 | 3.3 | 4.4 | |||||||||||||||
The financial information of all prior periods has been reclassified to reflect discontinued operations.
42