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- 10-K Annual report
- 10 Aluminum Project Framework Shareholders' Agreement (Ma'aden)
- 10 Closing Memorandum Between Alcoa and Aluminum Financing LTD.
- 10 Parent Guarantee Between Abdullah Abunayyan Trading Corp. & Alcoa Inc.
- 10 Parent Guarantee Between Alcoa Inc. & Aluminum Financing LTD.
- 10 Amendment to the Alcoa Stock Acquisition Plan
- 10 Amendment to Employees' Excess Benefit Plan a
- 10 Amendment to Incentive Compensation Plan of Alcoa Inc.
- 10 Amendment to Employees' Excess Benefit Plan C
- 10 Amendment to Deferred Compensation Plan, Effective 4/1/2009
- 10 Amendment to Deferred Compensation Plan, Effective 12/18/2009
- 10 Amendment to Alcoa Supplemental Pension Plan for Senior Executives, 12/16/2009
- 10 Amendment to Alcoa Supplemental Pension Plan for Senior Executives, 12/18/2009
- 10 Amendment to Alcoa Inc. Change In Control Severance Plan
- 10 Amendments to Global Pension Plan, Effective 7/1/2009
- 10 Amendments to Global Pension Plan, Effective 12/18/2009
- 10 Amend to Reynolds Metals Co. Benefit Restoration Plan for New Retirement Program
- 10 Form of Award Agreement for Stock Options
- 12 Computation of Ratio of Earnings to Fixed Charges
- 21 Subsidiaries and Equity Entities of the Registrant
- 23 Consent of Independent Registered Public Accounting Firm
- 24 Power of Attorney
- 31 Section 302 Certifications for the CEO & CFO
- 32 Section 906 Certifications for the CEO & CFO
- Download Excel data file
- View Excel data file
Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
FOR THE YEAR ENDED DECEMBER 31,
(in millions, except ratios)
2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
(Loss) income from continuing operations before income taxes | $ | (1,498 | ) | $ | 792 | $ | 4,802 | $ | 3,515 | $ | 2,008 | |||||||||
Noncontrolling interests’ share of earnings of majority-owned subsidiaries without fixed charges | — | — | — | — | — | |||||||||||||||
Equity income | (17 | ) | (130 | ) | (168 | ) | (127 | ) | (66 | ) | ||||||||||
Fixed charges added to earnings | 508 | 452 | 454 | 436 | 378 | |||||||||||||||
Distributed income of less than 50 percent-owned persons | 56 | 81 | 51 | 37 | 40 | |||||||||||||||
Amortization of capitalized interest: | ||||||||||||||||||||
Consolidated | 30 | 26 | 21 | 21 | 25 | |||||||||||||||
Proportionate share of 50 percent-owned persons | — | — | — | — | — | |||||||||||||||
Total earnings | $ | (921 | ) | $ | 1,221 | $ | 5,160 | $ | 3,882 | $ | 2,385 | |||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense: | ||||||||||||||||||||
Consolidated | $ | 470 | $ | 407 | $ | 401 | $ | 384 | $ | 334 | ||||||||||
Proportionate share of 50 percent-owned persons | — | 1 | 3 | 5 | 3 | |||||||||||||||
470 | 408 | 404 | 389 | 337 | ||||||||||||||||
Amount representative of the interest factor in rents: | ||||||||||||||||||||
Consolidated | 38 | 43 | 48 | 45 | 39 | |||||||||||||||
Proportionate share of 50 percent-owned persons | — | 1 | 2 | 2 | 2 | |||||||||||||||
38 | 44 | 50 | 47 | 41 | ||||||||||||||||
Fixed charges added to earnings | 508 | 452 | 454 | 436 | 378 | |||||||||||||||
Interest capitalized: | ||||||||||||||||||||
Consolidated | 165 | 167 | 199 | 128 | 58 | |||||||||||||||
Proportionate share of 50 percent-owned persons | — | 2 | 4 | 2 | ||||||||||||||||
165 | 169 | 203 | 130 | 58 | ||||||||||||||||
Preferred stock dividend requirements of majority-owned subsidiaries | — | — | — | — | — | |||||||||||||||
Total fixed charges | $ | 673 | $ | 621 | $ | 657 | $ | 566 | $ | 436 | ||||||||||
Ratio of earnings to fixed charges | (A | ) | 2.0 | 7.9 | 6.9 | 5.5 | ||||||||||||||
(A) For the year ended December 31, 2009, there was a deficiency of earnings to cover the fixed charges of $1,594.