1
EXHIBIT 12
CABOT CORPORATION AND CONSOLIDATED SUBSIDIARIES
STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Dollars in millions, except ratios)
Nine Months
ended
June 30 Years ended September 30
----------- ---------------------------------------------------
1999 1998 1997 1996 1995 1994
------ ------- ------- ------ ------- ------
Earnings:
Pre-tax income from continuing operations $127.3 $168.0 $117.0 $279.8 $256.0 $118.3
Distributed income of affiliated companies 7.6 7.5 10.4 11.2 11.7 5.6
Add fixed charges:
Interest on indebtedness 34.3 42.0 43.2 41.7 35.6 41.7
Portion of rents representative of
the interest factor 3.8 5.1 4.9 4.8 5.5 5.9
------ ------ ------ ------ ------ ------
Income as adjusted $173.0 $222.6 $175.5 $337.5 $308.8 $171.5
Fixed charges:
Interest on indebtedness $ 34.3 $ 42.0 $ 43.2 $ 41.7 $ 35.6 $ 41.7
Portion of rents representative of
the interest factor 3.8 5.1 4.9 4.8 5.5 5.9
------ ------ ------ ------ ------ ------
Total fixed charges $ 38.1 $ 47.1 $ 48.1 $ 46.5 $ 41.1 $ 47.6
Ratio of earnings to fixed charges 4.5 4.7 3.6 7.3 7.5 3.6
====== ====== ====== ====== ====== ======