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- S-4 Registration of securities issued in business combination transactions
- 3.2 EX-3.2
- 3.3 EX-3.3
- 3.4 EX-3.4
- 3.5 EX-3.5
- 3.6 EX-3.6
- 3.7 EX-3.7
- 3.8 EX-3.8
- 3.9 EX-3.9
- 3.10 EX-3.10
- 3.11 EX-3.11
- 3.12 EX-3.12
- 3.13 EX-3.13
- 3.14 EX-3.14
- 3.15 EX-3.15
- 3.16 EX-3.16
- 3.17 EX-3.17
- 3.18 EX-3.18
- 3.19 EX-3.19
- 3.20 EX-3.20
- 3.21 EX-3.21
- 3.22 EX-3.22
- 3.23 EX-3.23
- 3.24 EX-3.24
- 3.25 EX-3.25
- 3.26 EX-3.26
- 3.27 EX-3.27
- 3.28 EX-3.28
- 3.29 EX-3.29
- 3.30 EX-3.30
- 3.31 EX-3.31
- 3.32 EX-3.32
- 3.33 EX-3.33
- 3.34 EX-3.34
- 3.35 EX-3.35
- 3.36 EX-3.36
- 3.37 EX-3.37
- 3.38 EX-3.38
- 3.39 EX-3.39
- 5.1 EX-5.1
- 5.2 EX-5.2
- 5.3 EX-5.3
- 5.4 EX-5.4
- 5.5 EX-5.5
- 12.1 EX-12.1
- 23.1 EX-23.1
- 25.1 EX-25.1
- 99.1 EX-99.1
- 19 Aug 13 Registration of securities issued in business combination transactions (amended)
- 2 Aug 13 Registration of securities issued in business combination transactions (amended)
- 1 Aug 13 Registration of securities issued in business combination transactions (amended)
- 14 Jun 13 Registration of securities issued in business combination transactions
- 4 May 12 Registration of securities issued in business combination transactions (amended)
- 2 May 12 Registration of securities issued in business combination transactions (amended)
- 23 Apr 12 Registration of securities issued in business combination transactions (amended)
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth the ratio of earnings to fixed charges on a consolidated basis for each of the periods indicated. For the purposes of computing the ratio of earnings to fixed charges, earnings are defined as income before income taxes plus fixed charges. Fixed charges consist of interest expense (including capitalized interest) and the portion of rental expense that is representative of the interest factor.
Successor | Predecessor | |||||||||||||||||||||||||||||||
Three Months Ended March 31, 2013 | Three Months Ended March 31, 2012 | Year Ended December 31, 2012 | Eleven Months Ended December 31, 2011 | One Month Ended January 31, 2011 | Year Ended December 31, | |||||||||||||||||||||||||||
2010 | 2009 | 2008 | ||||||||||||||||||||||||||||||
(Millions of dollars) | ||||||||||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | (44 | ) | $ | 104 | $ | 1,008 | $ | 262 | $ | 632 | $ | 7 | $ | (30 | ) | $ | (147 | ) | |||||||||||||
Fixed charges | 28 | 8 | 68 | 31 | 3 | 49 | 36 | 54 | ||||||||||||||||||||||||
Loss from equity method investee | — | — | — | — | — | 2 | 4 | 1 | ||||||||||||||||||||||||
Capitalized interest | (1 | ) | — | (2 | ) | (1 | ) | — | — | — | — | |||||||||||||||||||||
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Total earnings (loss) | $ | (17 | ) | $ | 112 | $ | 1,074 | $ | 292 | $ | 635 | $ | 58 | $ | 10 | $ | (92 | ) | ||||||||||||||
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Fixed Charges: | ||||||||||||||||||||||||||||||||
Interest expense | $ | 26 | $ | 7 | $ | 53 | $ | 29 | $ | 3 | $ | 40 | $ | 33 | $ | 50 | ||||||||||||||||
Amortization of deferred debt issuance costs and discount on debt | 2 | 1 | 10 | 1 | — | 9 | 3 | 4 | ||||||||||||||||||||||||
Rental expense representative of interest factor (1) | (1 | ) | — | 3 | — | — | — | — | — | |||||||||||||||||||||||
Capitalized interest | 1 | — | 2 | 1 | — | — | — | — | ||||||||||||||||||||||||
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Total fixed charges | $ | 28 | $ | 8 | $ | 68 | $ | 31 | $ | 3 | $ | 49 | $ | 36 | $ | 54 | ||||||||||||||||
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Ratio of earnings to fixed charges | — | 14 | 16 | 9 | 212 | 1 | — | — | ||||||||||||||||||||||||
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Inadequate earnings | 45 | 146 | ||||||||||||||||||||||||||||||
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(1) | Relates to the financing leases in South Africa. |