Exhibit 12
EQUISTAR CHEMICALS, LP
STATEMENT SETTING FORTH DETAIL FOR COMPUTATION OF
RATIO OF EARNINGS TO FIXED CHARGES
(Millions of dollars)
Year Ended December 31,
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2002 2001 2000 1999 1998
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Income (loss) from continuing operations before income taxes ........ $(246) $(280) $153 $ 32 $143
Fixed charges:
Interest expense, gross ........................................ 205 192 185 182 156
Portion of rentals representative of interest .................. 42 37 38 37 37
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Total fixed charges before capitalized interest ........... 247 229 223 219 193
Capitalized interest ........................................... -- -- -- -- --
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Total fixed charges including capitalized interest ........ 247 229 223 219 193
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Earnings (losses) ................................................... $ 1 $ (51) $376 $251 $336
Ratio of earnings (losses) to fixed charges (a) ..................... -- -- 1.7 1.1 1.7
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(a) In 2002 and 2001, earnings were insufficient to cover fixed charges by $246
million and $280 million, respectively.