Exhibit 12.1
KAISER ALUMINUM CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In millions of dollars, except for ratio of earnings to fixed charges)
| Six Months Ended June 30, 2016 |
Year Ended | |||||||||||||||||||||||
| 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||
| Earnings: |
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| Income (loss) from continuing operations before taxes and equity in (earnings) losses of unconsolidated affiliates |
$ | 83.1 | $ | (371.8 | ) | $ | 107.1 | $ | 143.2 | $ | 139.6 | $ | 41.3 | |||||||||||
| Fixed charges |
12.9 | 28.6 | 42.5 | 41.6 | 34.1 | 22.6 | ||||||||||||||||||
| Interest capitalized |
(1.8 | ) | (1.8 | ) | (2.5 | ) | (3.4 | ) | (1.7 | ) | (1.3 | ) | ||||||||||||
| Amortization of interest capitalized |
0.5 | 1.0 | 0.9 | 0.8 | 0.7 | 0.6 | ||||||||||||||||||
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| Earnings |
$ | 94.7 | $ | (344.0 | ) | $ | 148.0 | $ | 182.2 | $ | 172.7 | $ | 63.2 | |||||||||||
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| Fixed Charges: |
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| Interest expense, including amortization of discounts, debt issuance costs |
$ | 9.7 | $ | 24.1 | $ | 37.5 | $ | 35.7 | $ | 29.1 | $ | 18.0 | ||||||||||||
| Interest capitalized |
1.8 | 1.8 | 2.5 | 3.4 | 1.7 | 1.3 | ||||||||||||||||||
| Amount representative of the interest factor in rents |
1.4 | 2.7 | 2.5 | 2.5 | 3.3 | 3.3 | ||||||||||||||||||
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| $ | 12.9 | $ | 28.6 | $ | 42.5 | $ | 41.6 | $ | 34.1 | $ | 22.6 | |||||||||||||
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| Ratio of earnings to fixed charges |
7.4 | N/A | 3.5 | 4.4 | 5.1 | 2.8 | ||||||||||||||||||
| Deficiency of earnings to fixed charges |
— | (372.6 | ) | — | — | — | — | |||||||||||||||||