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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|
|
2013 |
|
2012 |
|
2011 |
|
2010 |
|
2009 |
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Fixed Charges: |
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|
|
|
|
|
|
|
|
|
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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 |
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Total fixed charges |
|
$ |
240 |
|
$ |
271 |
|
$ |
294 |
|
$ |
277 |
|
$ |
270 |
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
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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 |
|
|
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Deficiency of earnings to fixed charges |
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
|
|
$ |
243 |
|