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Previous: CYTEC INDUSTRIES INC/DE/, S-3, EX-5.1, 2000-12-15 |
Next: CYTEC INDUSTRIES INC/DE/, S-3, EX-23.1, 2000-12-15 |
<PAGE>
EXHIBIT 12.1
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
<TABLE>
<CAPTION>
Nine Months Ended Year Ended
December 31,
September 30, 2000 1999 1998 1997 1996 1995
------------------ ---- ---- ---- ---- ----
<S> <C> <C> <C> <C> <C> <C>
Earnings before income taxes and equity
in earnings of associated companies 141.2 167.4 177.6 137.4 142.1 132.1
Add:
Distributed income of associated
companies 4.1 5.8 6.5 11.6 9.1 7.4
Amortization of capitalized interest 0.2 0.2 0.1 -- -- --
Fixed charges 25.7 33.8 31.0 13.6 8.2 4.5
Less:
Capitalized interest (0.3) (0.8) (1.5) (0.6) -- --
----- ----- ----- ----- ----- -----
Earnings as adjusted 170.9 206.4 213.7 162.0 159.4 144.0
Fixed charges:
Interest on indebtedness including
amortized premiums, discounts and
deferred financing costs 22.7 29.7 26.2 8.5 4.0 1.0
Portion of rents representative
of the interest factor 3.0 4.1 4.8 5.1 4.2 3.5
----- ----- ----- ----- ----- -----
Fixed charges 25.7 33.8 31.0 13.6 8.2 4.5
----- ----- ----- ----- ----- -----
Ratio of earnings to fixed charges 6.6 6.1 6.9 11.9 19.4 32.0
----- ----- ----- ----- ----- -----
</TABLE>
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