Exhibit 12.1

 

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

 

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

(DOLLARS IN MILLIONS)

 

 

 

Year Ended December 31,

 

 

 

2012

 

2011

 

2010

 

2009

 

2008

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expensed and capitalized (includes amortization of deferred financing costs)

 

$

242

 

$

264

 

$

249

 

$

243

 

$

279

 

Interest portion of rent expense

 

30

 

30

 

28

 

27

 

30

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

272

 

$

294

 

$

277

 

$

270

 

$

309

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss) from continuing operations before minority interest and equity income (loss)

 

552

 

362

 

160

 

(243

)

(75

)

Fixed charges

 

272

 

294

 

277

 

270

 

309

 

Amortization of capitalized interest

 

3

 

3

 

3

 

3

 

2

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized

 

(4

)

(2

)

(1

)

(3

)

(17

)

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings plus fixed charges

 

$

823

 

$

656

 

$

439

 

$

27

 

$

219

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

3.0

 

2.2

 

1.6

 

0.1

 

0.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Deficiency of earnings to fixed charges

 

$

(551

)

$

(363

)

$

(162

)

$

243

 

$

90