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Previous: CYTEC INDUSTRIES INC/DE/, 10-Q, 2000-11-14 |
Next: CYTEC INDUSTRIES INC/DE/, 10-Q, EX-27, 2000-11-14 |
<PAGE>
Exhibit 12
Cytec Industries Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
<TABLE>
<CAPTION>
Three Months Nine Months
Ended Ended
September 30, September 30,
---------------- --------------
2000 1999 2000 1999
---- ---- ---- ----
<S> <C> <C> <C> <C>
Earnings before income taxes and equity in
earnings of associated companies $40.1 $41.6 $141.2 $ 124.2
Add:
Distributed income of associated companies - 0.9 4.1 5.8
Amortization of capitalized interest 0.1 - 0.2 0.1
Fixed charges 8.0 8.3 25.7 25.7
Less:
Capitalized interest (0.2) (0.2) (0.3) (0.5)
----- ----- ------ -------
Earnings as adjusted $48.0 $50.6 $170.9 $ 155.3
Fixed Charges:
Interest on indebtedness including amortized
premiums, discounts and deferred financing costs $ 7.0 $ 7.1 $ 22.7 $ 22.1
Portion of rents representative of the interest
factor 1.0 1.2 3.0 3.6
----- ----- ------ -------
Fixed charges $ 8.0 $ 8.3 $ 25.7 $ 25.7
----- ----- ------ -------
Ratio of earnings to fixed charges 6.0 6.1 6.6 6.0
===== ===== ====== =======
</TABLE>
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