EX-12.01 4 d267830dex1201.htm COMPUTATION OF RATIO OF FIXED CHARGES Computation of Ratio of 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)    Martin Marietta  

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   
  

 

 

 

 

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


Martin Marietta Materials, Inc. and Consolidated Subsidiaries

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the Year Ended December 31, 2010

 

(add 000, except ratio)    Martin Marietta  

EARNINGS:

  

Earnings before income taxes *

   $ 126,044   

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

     2,173   

Interest expense **

     68,456   

Portion of rents representative of an interest factor

     19,218   
  

 

 

 

Adjusted Earnings and Fixed Charges

   $ 215,891   

FIXED CHARGES:

  

Interest expense **

   $ 68,456   

Capitalized interest

     2,129   

Portion of rents representative of an interest factor

     19,218   
  

 

 

 

Total Fixed Charges

   $ 89,803   

Ratio of Earnings to Fixed Charges

     2.40   
  

 

 

 

 

* Represents earnings from continuing operations less net earnings attributable to noncontrolling interests.
** Interest expense excludes $1,327 accrued for the interest component associated with uncertain tax positions.


Martin Marietta Materials, Inc. and Consolidated Subsidiaries

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the Year Ended December 31, 2009

 

(add 000, except ratio)    Martin Marietta  

EARNINGS:

  

Earnings before income taxes *

   $ 112,557   

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

     1,313   

Interest expense **

     73,460   

Portion of rents representative of an interest factor

     17,301   
  

 

 

 

Adjusted Earnings and Fixed Charges

   $ 204,631   

FIXED CHARGES:

  

Interest expense **

   $ 73,460   

Capitalized interest

     1,010   

Portion of rents representative of an interest factor

     17,301   
  

 

 

 

Total Fixed Charges

   $ 91,771   

Ratio of Earnings to Fixed Charges

     2.23   
  

 

 

 

 

* Represents earnings from continuing operations less net earnings attributable to noncontrolling interests.
** Interest expense excludes interest income of $343 related to the reversal of interest accruals for uncertain tax positions.


Martin Marietta and Consolidated Subsidiaries

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the Year Ended December 31, 2008

 

(add 000, except ratio)    Martin Marietta  

EARNINGS:

  

Earnings before income taxes *

   $ 243,635   

(Earnings) 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

   $ 337,851   

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

     3.46   
  

 

 

 

 

* Represents earnings from continuing operations less net earnings attributable to noncontrolling interests.
** Interest expense excludes interest income of $1,247 related to the reversal of interest accruals for uncertain tax positions.


Martin Marietta Materials, Inc. and Consolidated Subsidiaries

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the Year Ended December 31, 2007

 

(add 000, except ratio)    Martin Marietta  

EARNINGS:

  

Earnings before income taxes *

   $ 376,035   

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

     (2,748

Interest expense **

     60,893   

Portion of rents representative of an interest factor

     22,244   
  

 

 

 

Adjusted Earnings and Fixed Charges

   $ 456,424   

FIXED CHARGES:

  

Interest expense **

   $ 60,893   

Capitalized interest

     3,873   

Portion of rents representative of an interest factor

     22,244   
  

 

 

 

Total Fixed Charges

   $ 87,010   

Ratio of Earnings to Fixed Charges

     5.25   
  

 

 

 

 

* Represents earnings from continuing operations less net earnings attributable to noncontrolling interests.
** Interest expense excludes $12 accrued for the interest component associated with uncertain tax positions.