AKS » Topics » RATIO OF EARNINGS TO COMBINED FIXED CHARGES

These excerpts taken from the AKS 10-K filed Feb 26, 2008.

RATIO OF EARNINGS TO COMBINED FIXED CHARGES

(dollars in millions)

 

     2007    2006    2005    2004     2003  

Combined fixed charges:

             

Capitalized interest credit

     3.6      3.3      5.4      2.7       1.7  

Interest factor in rent expense

     3.7      2.8      2.3      2.4       2.4  

Other interest and fixed charges

     69.3      89.1      86.8      110.1       117.8  
                                     

Total combined fixed charges

   $ 76.6    $ 95.2    $ 94.5    $ 115.2     $ 121.9  

Earnings-pretax income (loss) with applicable adjustments

   $ 673.8    $ 97.9    $ 135.9    $ (71.3 )   $ (643.2 )

Ratio of earnings to combined fixed charges

     8.8      1.0      1.4      NM *     NM *

 

* In 2004 and 2003, earnings were less than fixed charges by $186.5 and $765.1 respectively.

RATIO OF EARNINGS TO COMBINED FIXED CHARGES

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   2007  2006  2005  2004  2003 

Combined fixed charges:

         

Capitalized interest credit

   3.6   3.3   5.4   2.7   1.7 

Interest factor in rent expense

   3.7   2.8   2.3   2.4   2.4 

Other interest and fixed charges

   69.3   89.1   86.8   110.1   117.8 
                     

Total combined fixed charges

  $76.6  $95.2  $94.5  $115.2  $121.9 

Earnings-pretax income (loss) with applicable adjustments

  $673.8  $97.9  $135.9  $(71.3) $(643.2)

Ratio of earnings to combined fixed charges

   8.8   1.0   1.4   NM*  NM*

 





*In 2004 and 2003, earnings were less than fixed charges by $186.5 and $765.1 respectively.





EX-12.2
5
dex122.htm
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES


Statement re: Computation of Ratio of Earnings to Fixed Charges



This excerpt taken from the AKS 10-K filed Feb 27, 2007.

RATIO OF EARNINGS TO COMBINED FIXED CHARGES

(dollars in millions)

 

     2006    2005    2004     2003     2002  

Combined fixed charges:

            

Preferred dividends

   $ —      $ —      $ —       $ —       $ 1.2  

Capitalized interest credit

     3.3      5.4      2.7       1.7       1.8  

Interest factor in rent expense

     2.8      2.3      2.4       2.4       2.4  

Other interest and fixed charges

     89.1      86.8      110.1       117.8       128.3  
                                      

Total combined fixed charges

   $ 95.2    $ 94.5    $ 115.2     $ 121.9     $ 133.7  

Earnings-pretax income (loss) with applicable adjustments

   $ 97.9    $ 135.9    $ (71.3 )   $ (643.2 )   $ (729.7 )

Ratio of earnings to combined fixed charges

     1.0      1.4      NM *     NM *     NM *

* In 2004, 2003 and 2002, earnings were less than fixed charges by $186.5, $765.1 and $863.4 respectively.
This excerpt taken from the AKS 10-K filed Mar 2, 2006.

RATIO OF EARNINGS TO COMBINED FIXED CHARGES

(dollars in millions)

 

     2005    2004     2003     2002     2001  

Combined fixed charges:

           

Preferred dividends

   $ —      $ —       $ —       $ 1.2     $ 1.4  

Capitalized interest credit

     5.4      2.7       1.7       1.8       2.8  

Interest factor in rent expense

     2.3      2.4       2.4       2.4       2.4  

Other interest and fixed charges

     92.2      116.8       123.6       132.5       137.1  
                                       

Total combined fixed charges

   $ 99.9    $ 121.9     $ 127.7     $ 137.9     $ 143.7  

Earnings-pretax income (loss) with applicable adjustments

   $ 143.6    $ (62.2 )   $ (635.0 )   $ (723.1 )   $ (41.4 )

Ratio of earnings to combined fixed charges

     1.4      NM *     NM *     NM *     NM *

* In 2004, 2003, 2002 and 2001, earnings were less than fixed charges by $184.1, $762.7, $861.0 and $185.1, respectively.
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