EX-12 6 g05561exv12.htm EX-12 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES EX-12 COMPUTATION OR RATIO OF EARNINGS TO FIXED
 

Exhibit 12
VULCAN MATERIALS COMPANY AND SUBSIDIARY COMPANIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the Years Ended December 31
Amounts in Thousands
                                         
    2006     2005     2004     2003     2002  
Fixed charges:
                                       
   Interest expense before capitalization credits
  $ 31,310     $ 39,080     $ 42,260     $ 55,345     $ 56,601  
   Amortization of financing costs
    363       711       611       291       298  
   One-third of rental expense
    27,240       22,520       16,553       15,140       16,976  
 
                             
       Total fixed charges
  $ 58,913     $ 62,311     $ 59,424     $ 70,776     $  73,875  
 
                             
 
                                       
Earnings from continuing operations before income taxes
  $  703,461     $  480,237     $  375,566     $  335,080     $  329,195  
Fixed charges
    58,913       62,311       59,424       70,776       73,875  
Capitalized interest credits
    (5,000 )     (1,934 )     (1,980 )     (2,116 )     (2,896 )
Amortization of capitalized interest
    1,241       1,054       839       624       463  
 
                             
   Earnings before income taxes as adjusted
  $ 758,615     $ 541,668     $ 433,849     $ 404,364     $ 400,637  
 
                             
 
                                       
Ratio of earnings to fixed charges
    12.9       8.7        7.3        5.7        5.4