ACI » Topics » Ratio of Earnings to Fixed Charges

This excerpt taken from the ACI 10-K filed Mar 1, 2010.
Ratio of Earnings to Fixed Charges
 
The following table sets forth our ratios of earnings to combined fixed charges and preference dividends for the periods indicated:
 
                                         
    Year Ended December 31  
    2009     2008     2007     2006     2005  
 
Ratio of earnings to combined fixed charges and preference dividends(1)
    1.26x       4.91 x     2.37 x     3.86 x     N/A  
 
 
(1) Earnings consist of income from operations before income taxes and are adjusted to include only distributed income from affiliates accounted for on the equity method and fixed charges (excluding capitalized interest). Fixed charges consist of interest incurred on indebtedness, the portion of operating lease rentals deemed representative of the interest factor and the amortization of debt expense. Combined fixed charges and preference dividends exceeded earnings by $13.1 million for the year ended December 31, 2005.


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These excerpts taken from the ACI 10-K filed Feb 27, 2009.
Ratio of Earnings to Fixed Charges
 
The following table sets forth our ratios of earnings to combined fixed charges and preference dividends for the periods indicated:
 
                                         
    Year Ended December 31  
    2008     2007     2006     2005     2004  
 
Ratio of earnings to combined fixed charges and preference dividends(1)
    4.90 x     2.36 x     3.84 x     N/A       2.52x  
 
 
(1) Earnings consist of income from operations before income taxes and are adjusted to include only distributed income from affiliates accounted for on the equity method and fixed charges (excluding capitalized interest). Fixed charges consist of interest incurred on indebtedness, the portion of operating lease rentals deemed representative of the interest factor and the amortization of debt expense. Combined fixed charges and preference dividends exceeded earnings by $13.1 million for the year ended December 31, 2005.
 
Ratio of
Earnings to Fixed Charges



 



The following table sets forth our ratios of earnings to
combined fixed charges and preference dividends for the periods
indicated:


 














































































                                         

 

 

Year Ended December 31

 

 

 

2008

 

 

2007

 

 

2006

 

 

2005

 

 

2004

 
 


Ratio of earnings to combined fixed charges and preference
dividends(1)



 

 

4.90

x

 

 

2.36

x

 

 

3.84

x

 

 

N/A

 

 

 

2.52x

 






 




 



















(1)

Earnings consist of income from
operations before income taxes and are adjusted to include only
distributed income from affiliates accounted for on the equity
method and fixed charges (excluding capitalized interest). Fixed
charges consist of interest incurred on indebtedness, the
portion of operating lease rentals deemed representative of the
interest factor and the amortization of debt expense. Combined
fixed charges and preference dividends exceeded earnings by
$13.1 million for the year ended December 31, 2005.


 




These excerpts taken from the ACI 10-K filed Feb 29, 2008.
Ratio of Earnings to Fixed Charges
 
The following table sets forth our ratios of earnings to combined fixed charges and preference dividends for the periods indicated:
 
                                         
    Year Ended December 31  
    2007     2006     2005     2004     2003  
 
Ratio of earnings to combined fixed charges and preference dividends(1)
    2.40 x     3.93 x     N/A       2.57 x     1.14x  
 
 
(1) Earnings consist of income (loss) from continuing operations before income taxes and are adjusted to include only distributed income from affiliates accounted for on the equity method and fixed charges (excluding capitalized interest). Fixed charges consist of interest incurred on indebtedness, the portion of operating lease rentals deemed representative of the interest factor and the amortization of debt expense. Combined fixed charges and preference dividends exceeded earnings by $13.1 million for the year ended December 31, 2005.


49


Table of Contents

Ratio of
Earnings to Fixed Charges



 



The following table sets forth our ratios of earnings to
combined fixed charges and preference dividends for the periods
indicated:


 














































































                                         

 

 

Year Ended December 31

 

 

 

2007

 

 

2006

 

 

2005

 

 

2004

 

 

2003

 
 


Ratio of earnings to combined fixed charges and preference
dividends(1)


 

 

2.40

x

 

 

3.93

x

 

 

N/A

 

 

 

2.57

x

 

 

1.14x

 






 




 



















(1)

Earnings consist of income (loss)
from continuing operations before income taxes and are adjusted
to include only distributed income from affiliates accounted for
on the equity method and fixed charges (excluding capitalized
interest). Fixed charges consist of interest incurred on
indebtedness, the portion of operating lease rentals deemed
representative of the interest factor and the amortization of
debt expense. Combined fixed charges and preference dividends
exceeded earnings by $13.1 million for the year ended
December 31, 2005.





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Table of Contents







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