Exhibit 12.1

 

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN MILLIONS)

 

 

 

Year Ended December 31,

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

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

 

$

209

 

$

241

 

$

264

 

$

249

 

$

243

 

Interest portion of rent expense

 

31

 

30

 

30

 

28

 

27

 

Total fixed charges

 

$

240

 

$

271

 

$

294

 

$

277

 

$

270

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss) from continuing operations less equity income

 

$

281

 

$

552

 

$

362

 

$

160

 

$

(243

)

Fixed charges

 

240

 

271

 

294

 

277

 

270

 

Amortization of capitalized interest

 

3

 

3

 

3

 

3

 

3

 

Less:

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized

 

(7

)

(3

)

(2

)

(1

)

(3

)

Total earnings plus fixed charges

 

$

516

 

$

823

 

$

657

 

$

439

 

$

27

 

Ratio of earnings to fixed charges

 

2.2

 

3.0

 

2.2

 

1.6

 

 

Deficiency of earnings to fixed charges

 

$

 

$

 

$

 

$

 

$

243