Exhibit 12.1
HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN MILLIONS)
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Year Ended December 31, |
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|
2012 |
|
2011 |
|
2010 |
|
2009 |
|
2008 |
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Fixed Charges: |
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|
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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 |
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Total fixed charges |
|
$ |
272 |
|
$ |
294 |
|
$ |
277 |
|
$ |
270 |
|
$ |
309 |
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|
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Earnings: |
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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 |
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Amortization of capitalized interest |
|
3 |
|
3 |
|
3 |
|
3 |
|
2 |
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Less: |
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|
|
|
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|
|
|
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Interest capitalized |
|
(4 |
) |
(2 |
) |
(1 |
) |
(3 |
) |
(17 |
) | |||||
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Total earnings plus fixed charges |
|
$ |
823 |
|
$ |
656 |
|
$ |
439 |
|
$ |
27 |
|
$ |
219 |
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|
|
|
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|
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Ratio of earnings to fixed charges |
|
3.0 |
|
2.2 |
|
1.6 |
|
0.1 |
|
0.7 |
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|
|
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Deficiency of earnings to fixed charges |
|
$ |
(551 |
) |
$ |
(363 |
) |
$ |
(162 |
) |
$ |
243 |
|
$ |
90 |
|