EX-12.01 8 g17638exv12w01.htm EX-12.01 EX-12.01
EXHIBIT 12.01
MARTIN MARIETTA MATERIALS, INC. AND CONSOLIDATED SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
For the Year Ended December 31, 2008
 
 
 
 
 
(add 000, except ratio)
 
 
 
 
EARNINGS:
 
 
 
 
 
 
 
 
 
Earnings before income taxes
 
$
243,299
 
Loss from less than 50%-owned associated companies, net
 
 
 190
 
Interest Expense*
 
 
 74,299
 
Portion of rents representative of an interest factor
 
 
 19,727
 
 
 
 
 
 
 
 
 
 
Adjusted Earnings and Fixed Charges
 
 $ 337,515
 
 
 
 
 
 
FIXED CHARGES:
 
 
 
 
 
 
 
 
 
Interest Expense*
 
 $ 74,299
 
Capitalized Interest
 
 
 3,692
 
Portion of rents representative of an interest factor
 
 
 19,727
 
 
 
 
 
 
 
 
 
 
Total Fixed Charges
 
 $ 97,718
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
 
 3.45
 
 
 
*
 
Interest Expense excluded interest income of $1,247 related to the reversal of interest accruals under Financial Accounting Standards Board Interpretation Number 48, Accounting for Uncertainty in Income Taxes, An Interpretation of FAS 109.