EXHIBIT 12.1
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
| |
Year Ended December 31, | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| |
2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||
Fixed charges: |
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Interest expensed and capitalized (includes amortization of deferred financing costs) |
$ | 249 | $ | 243 | $ | 279 | $ | 303 | $ | 370 | |||||||
Interest portion of rent expense |
28 | 27 | 30 | 32 | 28 | ||||||||||||
Total fixed charges |
$ | 277 | $ | 270 | $ | 309 | $ | 335 | $ | 398 | |||||||
Earnings: |
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Pretax income (loss) from continuing operations before minority interest and equity income (loss) |
$ | 160 | $ | (243 | ) | $ | (75 | ) | $ | 259 | $ | 268 | |||||
Fixed charges |
277 | 270 | 309 | 335 | 398 | ||||||||||||
Amortization of capitalized interest |
3 | 3 | 2 | 1 | 1 | ||||||||||||
Less: |
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Interest capitalized |
(1 | ) | (3 | ) | (17 | ) | (17 | ) | (16 | ) | |||||||
Total earnings plus fixed charges |
$ | 439 | $ | 27 | $ | 219 | $ | 578 | $ | 651 | |||||||
Ratio of earnings to fixed charges |
1.6 | — | — | 1.7 | 1.6 | ||||||||||||
Deficiency of earnings to fixed charges |
$ | — | $ | 243 | $ | 90 | $ | — | $ | — | |||||||