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- 10-Q Quarterly report
- 4 Forms of 5.55% Notes Due February 1, 2017
- 4 Forms of 5.90% Notes Due February 1, 2027
- 4 Forms of 5.95% Notes Due February 1, 2037
- 12 Computation of Ratio of Earnings to Fixed Charges
- 15 Letter Regarding Unaudited Interim Financial Information
- 31 Section 302 CEO and CFO Certification
- 32 Section 906 CEO and CFO Certification
EXHIBIT 12
Alcoa and subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratio)
Three months ended March 31, | 2007 | |||
Earnings: | ||||
Income from continuing operations before taxes on income | $ | 1,123 | ||
Minority interests’ share of earnings of majority-owned subsidiaries without fixed charges | — | |||
Equity income | (23 | ) | ||
Fixed charges | 98 | |||
Distributed income of less than 50%-owned persons | 7 | |||
Amortization of capitalized interest | 5 | |||
Total earnings | $ | 1,210 | ||
Fixed Charges: | ||||
Interest expense: | ||||
Consolidated | $ | 83 | ||
Proportionate share of 50%-owned persons | 1 | |||
$ | 84 | |||
Amount representative of the interest factor in rents: | ||||
Consolidated | $ | 13 | ||
Proportionate share of 50%-owned persons | 1 | |||
$ | 14 | |||
Fixed charges added to earnings | $ | 98 | ||
Interest capitalized: | ||||
Consolidated | $ | 48 | ||
Proportionate share of 50%-owned persons | 1 | |||
$ | 49 | |||
Preferred stock dividend requirements of majority-owned subsidiaries | — | |||
Total fixed charges | $ | 147 | ||
Ratio of earnings to fixed charges | 8.2 | |||