Please wait


Exhibit 12.1
USG Corporation
Ratio of Earnings to Fixed Charges
(dollars in millions)
 
June 30,
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
2010
 
2009
 
2008
 
 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
Pretax Income from Continuing Operations
$
26

 
$
(170
)
 
$
(410
)
 
$
(447
)
 
$
(340
)
 
$
(590
)
Add: Fixed Charges
101

 
206

 
211

 
183

 
167

 
105

Less: Interest Capitalized
(1
)
 
—

 
—

 
—

 
(3
)
 
(19
)
Total Earnings
$
126

 
$
36

 
$
(199
)
 
$
(264
)
 
$
(176
)
 
$
(504
)
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
Interest Expensed and Capitalized
$
97

 
$
197

 
$
201

 
$
174

 
$
153

 
$
102

Amortized Premiums, Discounts and Capitalized Expenses Related to Indebtedness
4

 
9

 
10

 
9

 
14

 
3

Total Fixed Charges
$
101

 
$
206

 
$
211

 
$
183

 
$
167

 
$
105

 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
1.2x

 
0.2x (a)

 
- (b)

 
- (c)

 
- (d)

 
- (e)


________________________
(a)
As a result of a net loss, the amount of the coverage deficiency for the year ended December 31, 2012 was $170 million.
(b)
As a result of a net loss, the amount of the coverage deficiency for the year ended December 31, 2011 was $410 million.
(c)
As a result of a net loss, the amount of the coverage deficiency for the year ended December 31, 2010 was $447 million.
(d)
As a result of a net loss, the amount of the coverage deficiency for the year ended December 31, 2009 was $343 million.
(e)
As a result of a net loss, the amount of the coverage deficiency for the year ended December 31, 2008 was $609 million.