Exhibit 12.1
AK STEEL HOLDING CORPORATION
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in millions)
Three March 31, | Year Ended December 31, | |||||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Capitalized interest credit | $ | 0.8 | $ | 2.5 | $ | 6.7 | $ | 10.1 | $ | 7.8 | $ | 4.4 | ||||||||||||
Interest factor in rent expense | 1.0 | 3.8 | 3.0 | 3.2 | 2.8 | 3.3 | ||||||||||||||||||
Other interest and fixed charges | 31.1 | 86.8 | 47.9 | 33.6 | 37.4 | 48.9 | ||||||||||||||||||
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Total fixed charges | 32.9 | 93.1 | 57.6 | 46.9 | 48.0 | 56.6 | ||||||||||||||||||
Earnings—pre-tax income (loss) with applicable adjustments | 25.7 | $ | (159.0 | ) | $ | (186.0 | ) | $ | (125.4 | ) | $ | (47.9 | ) | $ | 55.3 | |||||||||
Ratio of earnings to fixed charges | NM | * | NM | * | NM | * | NM | * | NM | * | NM | * |
* | For the three months ended March 31, 2013 and the years ended December 31, 2012, 2011, 2010, 2009 and 2008, earnings were less than fixed charges by $7.2 million, $252.1 million, $243.6 million, $172.3 million, $95.9 million and $1.3 million, respectively. |