EXHIBIT 12.1
RATIO OF EARNINGS TO FIXED CHARGES
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Years Ended December 31, |
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2013 |
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2012 |
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2011 |
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2010 |
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2009 |
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(In millions) |
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Earnings Before Fixed Charges |
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Earnings from continuing operations before non-controlling interest or tax |
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178.4 |
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103.6 |
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320.9 |
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254.2 |
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177.4 |
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Distributed income from equity investment |
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12.0 |
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2.3 |
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8.3 |
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8.7 |
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5.0 |
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Income from equity investment |
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(14.8 |
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(2.0 |
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(9.3 |
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(5.1 |
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(5.0 |
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Total earnings before fixed charges |
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175.6 |
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103.9 |
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319.9 |
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257.8 |
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177.4 |
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Fixed Charges |
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Interest expense |
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— |
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— |
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— |
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— |
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— |
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Capitalized interest |
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— |
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— |
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— |
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— |
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— |
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Total Fixed Charges |
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— |
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— |
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— |
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— |
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— |
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Total Earnings & Fixed Charges |
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175.6 |
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103.9 |
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319.9 |
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257.8 |
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177.4 |
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Ratio of earnings to fixed charges |
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N/A |
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N/A |
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N/A |
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N/A |
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N/A |
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Deficiency |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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