HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
| |
Three Months Ended March 31, |
Year Ended December 31, | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
2010 | 2009 | 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Fixed Charges: |
|||||||||||||||||||||||
Interest expensed and capitalized (includes amortization of deferred financing costs) |
$ | 66 | $ | 57 | $ | 243 | $ | 279 | $ | 303 | $ | 370 | $ | 433 | |||||||||
Interest portion of rent expense |
3 | 3 | 10 | 11 | 14 | 15 | 14 | ||||||||||||||||
Total fixed charges |
$ | 69 | $ | 60 | $ | 253 | $ | 290 | $ | 317 | $ | 385 | $ | 447 | |||||||||
Earnings: |
|||||||||||||||||||||||
Pretax income (loss) from continuing operations less equity income |
(36 | ) | (136 | ) | (243 | ) | (75 | ) | 259 | 268 | 40 | ||||||||||||
Fixed charges |
69 | 60 | 253 | 290 | 317 | 385 | 447 | ||||||||||||||||
Amortization of capitalized interest |
1 | 1 | 3 | 2 | 1 | 1 | — | ||||||||||||||||
Less: |
|||||||||||||||||||||||
Interest capitalized |
— | (2 | ) | (3 | ) | (17 | ) | (17 | ) | (16 | ) | (9 | ) | ||||||||||
Total earnings plus fixed charges |
$ | 34 | $ | (77 | ) | $ | 10 | $ | 200 | $ | 560 | $ | 638 | $ | 478 | ||||||||
Ratio of earnings to fixed charges |
— | — | — | — | 1.8 | 1.7 | 1.1 | ||||||||||||||||
Deficiency of earnings to fixed charges |
$ | 35 | $ | 137 | $ | 243 | $ | 90 | $ | — | $ | — | $ | — | |||||||||