Exhibit 12.1
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
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Nine Months |
|
Year Ended December 31, |
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|
2012 |
|
2011 |
|
2011 |
|
2010 |
|
2009 |
|
2008 |
|
2007 |
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Fixed Charges: |
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|
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|
|
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Interest expensed and capitalized (includes amortization of deferred financing costs) |
|
$ |
184 |
|
$ |
198 |
|
$ |
264 |
|
$ |
249 |
|
$ |
243 |
|
$ |
279 |
|
$ |
303 |
|
Interest portion of rent expense |
|
24 |
|
22 |
|
30 |
|
28 |
|
27 |
|
30 |
|
32 |
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Total fixed charges |
|
$ |
208 |
|
$ |
220 |
|
$ |
294 |
|
$ |
277 |
|
$ |
270 |
|
$ |
309 |
|
$ |
335 |
|
|
|
|
|
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Earnings: |
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|
|
|
|
|
|
|
|
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|
|
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Pretax income (loss) from continuing operations less equity income |
|
607 |
|
274 |
|
362 |
|
160 |
|
(243 |
) |
(75 |
) |
259 |
| |||||||
Fixed charges |
|
208 |
|
220 |
|
294 |
|
260 |
|
270 |
|
309 |
|
335 |
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Amortization of capitalized interest |
|
3 |
|
3 |
|
3 |
|
3 |
|
3 |
|
2 |
|
1 |
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Less: |
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|
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Interest capitalized |
|
(3 |
) |
(1 |
) |
(2 |
) |
(1 |
) |
(3 |
) |
(17 |
) |
(17 |
) | |||||||
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|
|
|
|
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|
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Total earnings plus fixed charges |
|
$ |
815 |
|
$ |
496 |
|
$ |
657 |
|
$ |
439 |
|
$ |
27 |
|
$ |
219 |
|
$ |
578 |
|
|
|
|
|
|
|
|
|
|
|
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Ratio of earnings to fixed charges |
|
3.9 |
|
2.3 |
|
2.2 |
|
1.6 |
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|
|
|
|
1.7 |
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Deficiency of earnings to fixed charges |
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
243 |
|
$ |
90 |
|
$ |
|
|