EX-12 3 d50687exv12.htm STATEMENT RE COMPUTATION OF EARNINGS TO FIXED CHARGES exv12
 

Exhibit 12
COMMERCIAL METALS COMPANY AND SUBSIDIARIES CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands, except ratios)
                                         
    2007     2006     2005     2004     2003  
EARNINGS:*
                                        
EARNINGS BEFORE INCOME TAXES
   $ 536,056     $ 554,493     $ 443,033     $ 211,947     $ 30,394
INTEREST EXPENSE
     37,257       29,569       31,187       28,104       15,338
INTEREST IMPUTED ON RENT
     12,082       8,293       6,258       5,330       4,476
AMORTIZATION OF CAPITALIZED INTEREST
     655       1,224       1,224       1,301       1,437
 
                              
 
                                        
TOTAL EARNINGS
     586,050       593,579       481,702       246,682       51,645
FIXED CHARGES:*
                                        
INTEREST EXPENSE
     37,257       29,569       31,187       28,104       15,338
INTEREST CAPITALIZED
     3,198       2,256       1,302       372       254
INTEREST IMPUTED ON RENT
     12,082       8,293       6,258       5,330       4,476
 
                              
 
                                        
TOTAL FIXED CHARGES
     52,537       40,118       38,747       33,806       20,068
RATIO OF EARNINGS TO FIXED CHARGES
     11.16       14.80       12.43       7.30       2.57
 
*   Earnings and fixed charges include a division classified as discontinued operations.

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