EX-12.1 5 ex121-10k123117.htm EXHIBIT 12.1 Exhibit
Exhibit 12.1




Celanese Corporation and Subsidiaries
Statement of Computation of Ratio of Earnings to Fixed Charges
 
Year Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
 
(In $ millions, except ratios)
Earnings:
 
 
 
 
 
 
 
 
 
Pre-tax income from continuing operations before adjustment for noncontrolling interest
1,075

 
1,030

 
488

 
941

 
1,609

Subtract
 
 
 
 
 
 
 
 
 
Equity in net earnings of affiliates
(183
)
 
(155
)
 
(181
)
 
(246
)
 
(180
)
Add
 
 
 
 
 
 
 
 
 
Net (earnings) loss attributable to non-controlling interests
(6
)
 
(6
)
 
19

 
4

 
—

Income distributions from equity investments
131

 
131

 
176

 
148

 
141

Amortization of capitalized interest
4

 
4

 
5

 
3

 
3

Total fixed charges
181

 
176

 
185

 
217

 
234

Total earnings as defined before fixed charges
1,202

 
1,180

 
692

 
1,067

 
1,807

Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
122

 
120

 
119

 
147

 
172

Capitalized interest
6

 
5

 
15

 
16

 
9

Estimated interest portion of rent expense
53

 
51

 
51

 
54

 
53

Cumulative preferred stock dividends
—

 
—

 
—

 
—

 
—

Guaranteed payment to minority shareholders
—

 
—

 
—

 
—

 
—

Total fixed charges
181

 
176

 
185

 
217

 
234

Ratio of earnings to fixed charges
6.6x
 
6.7x
 
3.7x
 
4.9x
 
7.7x