EX-12.1 4 d817629dex121.htm EX-12.1 EX-12.1

EXHIBIT 12.1

MARTIN MARIETTA MATERIALS, INC. AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the Nine Months Ended September 30, 2014

(add 000, except ratio)

 

EARNINGS:

  

Earnings before income taxes*

   $ 151,357   

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

     1,275   

Interest expense

     44,954   

Portion of rents representative of an interest factor

     10,711   
  

 

 

 

Adjusted Earnings and Fixed Charges

   $ 208,297   

FIXED CHARGES:

  

Interest expense

   $ 44,954   

Capitalized interest

     7,324   

Portion of rents representative of an interest factor

     10,711   
  

 

 

 

Total Fixed Charges

   $ 62,989   

Ratio of Earnings to Fixed Charges

     3.31   

 

* Represents earnings from continuing operations less net earnings (loss) attributable to noncontrolling interests.


MARTIN MARIETTA MATERIALS, INC. AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the Year Ended December 31, 2013

(add 000, except ratio)

 

EARNINGS:

  

Earnings before income taxes*

   $ 166,131   

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

     241   

Interest expense**

     53,467   

Portion of rents representative of an interest factor

     12,944   
  

 

 

 

Adjusted Earnings and Fixed Charges

   $ 232,783   

FIXED CHARGES:

  

Interest expense**

   $ 53,467   

Capitalized interest

     1,792   

Portion of rents representative of an interest factor

     12,944   
  

 

 

 

Total Fixed Charges

   $ 68,203   

Ratio of Earnings to Fixed Charges

     3.41   

 

* Represents earnings from continuing operations less net earnings attributable to noncontrolling interests.
** Interest expense excluded $1,446 accrued for the interest expense component associated with uncertain tax provisions.


MARTIN MARIETTA MATERIALS, INC. AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the Year Ended December 31, 2012

(add 000, except ratio)

 

EARNINGS:

  

Earnings before income taxes

   $ 101,860 ** 

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

     1,393   

Interest expense*

     53,339

Portion of rents representative of an interest factor

     13,647   
  

 

 

 

Adjusted Earnings and Fixed Charges

   $ 170,239   

FIXED CHARGES:

  

Interest expense*

   $ 53,339   

Capitalized interest

     2,537   

Portion of rents representative of an interest factor

     13,647   
  

 

 

 

Total Fixed Charges

   $ 69,523   

Ratio of Earnings to Fixed Charges

     2.45   

 

* Interest expense excluded $119 accrued for the interest benefit component associated with uncertain tax provisions.
** Represents earnings from continuing operations less net earnings attributable to noncontrolling interests.


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.


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)

 

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   

 

* Interest Expense excluded $1,327 accrued for the interest component associated with uncertain tax positions.
** Note: Use Earnings from Continuing Operations less net earnings attributable to noncontrolling interests.


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)

 

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   

 

* Interest Expense excluded interest income of $343 related to the reversal of interest accruals for uncertain tax positions.
** Note: Use Earnings from Continuing Operations less net earnings attributable to noncontrolling interests.