Exhibit 12.1

 

HUNTSMAN INTERNATIONAL LLC AND SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN MILLIONS)

 

 

 

Three months
ended
March 31,

 

Year Ended December 31,

 

 

 

2014

 

2013

 

2013

 

2012

 

2011

 

2010

 

2009

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

$

54

 

$

53

 

$

209

 

$

241

 

$

264

 

$

249

 

$

243

 

Interest portion of rent expense

 

7

 

8

 

31

 

30

 

30

 

28

 

27

 

Total fixed charges

 

$

61

 

$

61

 

$

240

 

$

271

 

$

294

 

$

277

 

$

270

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income (loss) from continuing operations less equity income

 

$

107

 

$

(33

)

$

281

 

$

552

 

$

362

 

$

160

 

$

(243

)

Fixed charges

 

61

 

61

 

240

 

271

 

294

 

277

 

270

 

Amortization of capitalized interest

 

1

 

1

 

3

 

3

 

3

 

3

 

3

 

Less:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest capitalized

 

(3

)

1

 

(7

)

(3

)

(2

)

(1

)

(3

)

Total earnings plus fixed charges

 

$

166

 

$

30

 

$

517

 

$

823

 

$

657

 

$

439

 

$

27

 

Ratio of earnings to fixed charges

 

2.7

 

0.5

 

2.2

 

3.0

 

2.2

 

1.6

 

 

Deficiency of earnings to fixed charges

 

$

 

$

31

 

$

 

$

 

$

 

$

 

$

243