EX-12.01 3 d265076dex1201.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.01

MARTIN MARIETTA MATERIALS, INC. AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the Year Ended December 31, 2011

(add 000, except ratio)

 

EARNINGS:

   

Earnings before income taxes

    $ 99,408 ** 

Loss from less than 50%-owned associated companies, net

      1,666   

Interest expense*

      58,586 * 

Portion of rents representative of an interest factor

      15,419   
  

 

 

  

Adjusted Earnings and Fixed Charges

    $ 175,079   

FIXED CHARGES:

   

Interest expense*

    $ 58,586   

Capitalized interest

      1,816   

Portion of rents representative of an interest factor

      15,419   
  

 

 

  

Total Fixed Charges

    $ 75,821   

Ratio of Earnings to Fixed Charges

      2.31   

 

* Interest expense excluded $81 accrued for the interest component associated with uncertain tax provisions.
** Represents earnings from continuing operations less net earnings attributable to noncontrolling interests.