EX-12.01 3 d344578dex1201.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, 2016

(add 000, except ratio)

 

EARNINGS:

   

Earnings before income taxes*

    $ 607,086  

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

      (10,499 ) 

Interest expense**

      81,677  

Portion of rents representative of an interest factor

      23,585  
  

 

 

  

Adjusted Earnings and Fixed Charges

    $ 701,848  

FIXED CHARGES:

   

Interest expense**

    $ 81,677  

Capitalized interest

      3,543  

Portion of rents representative of an interest factor

      23,585  
  

 

 

  

Total Fixed Charges

    $ 108,805  

Ratio of Earnings to Fixed Charges

      6.45  

 

* Represents earnings from continuing operations plus/minus net (loss) earnings attributable to noncontrolling interests.
** Interest expense excluded $343 for the interest expense component associated with uncertain tax provisions.