EXHIBIT 12.2
AK STEEL HOLDING CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in millions)
Three Months Ended March 31, 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Capitalized interest credit | $ | 0.7 | $ | 2.1 | $ | 2.7 | $ | 2.7 | $ | 2.5 | $ | 6.7 | ||||||||||||
Interest factor in rent expense | 1.3 | 5.3 | 4.3 | 3.3 | 3.8 | 3.0 | ||||||||||||||||||
Other interest and fixed charges | 42.8 | 173.1 | 144.2 | 127.6 | 86.8 | 47.9 | ||||||||||||||||||
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Total fixed charges | $ | 44.8 | $ | 180.5 | $ | 151.2 | $ | 133.6 | $ | 93.1 | $ | 57.6 | ||||||||||||
Earnings—pre-tax income (loss) with applicable adjustments | $ | 30.3 | $ | (239.8 | ) | $ | 77.1 | $ | 93.7 | $ | (159.0 | ) | $ | (186.0 | ) | |||||||||
Ratio of earnings to fixed charges | NM | * | NM | * | NM | * | NM | * | NM | * | NM | * |
* | In the three months ended March 31, 2016 and the years ended December 31, 2015, 2014, 2013, 2012 and 2011, earnings were less than fixed charges by $14.5, $420.3, $74.1, $39.9, $252.1 and $243.6, respectively. |