Attached files
| file | filename |
|---|---|
| EX-31.A - EXHIBIT - COMMERCIAL METALS Co | cmc-8312014xex31a.htm |
| EX-32.B - EXHIBIT - COMMERCIAL METALS Co | cmc-8312014xex32b.htm |
| EX-31.B - EXHIBIT - COMMERCIAL METALS Co | cmc-8312014xex31b.htm |
| EX-23 - EXHIBIT - COMMERCIAL METALS Co | cmc-8312014xex23.htm |
| EX-21 - EXHIBIT - COMMERCIAL METALS Co | cmc-8312014xex21.htm |
| EX-18 - EXHIBIT - COMMERCIAL METALS Co | cmc-8312014xex18.htm |
| EXCEL - IDEA: XBRL DOCUMENT - COMMERCIAL METALS Co | Financial_Report.xls |
| 10-K - 10-K - COMMERCIAL METALS Co | cmc-8312014x10k.htm |
| EX-32.A - EXHIBIT - COMMERCIAL METALS Co | cmc-8312014xex32a.htm |
EXHIBIT 12
COMMERCIAL METALS COMPANY AND SUBSIDIARIES CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands, except ratios)
2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
Earnings (loss) from continuing operations before taxes | $ | 144,811 | $ | 132,936 | $ | 164,787 | $ | 26,131 | $ | (164,791 | ) | |||||||||
Less: Net earnings (loss) attributable to noncontrolling interests | 1 | 4 | 6 | 213 | 236 | |||||||||||||||
Capitalized interest amortization | 1,371 | 2,305 | 2,341 | 2,377 | 2,012 | |||||||||||||||
Fixed charges | 93,884 | 86,108 | 85,421 | 85,872 | 93,948 | |||||||||||||||
Less: Capitalized interest | (563 | ) | (1,004 | ) | (1,339 | ) | (794 | ) | (4,359 | ) | ||||||||||
Total | $ | 239,502 | $ | 220,341 | $ | 251,204 | $ | 113,373 | $ | (73,426 | ) | |||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense | $ | 78,304 | $ | 70,612 | $ | 70,826 | $ | 70,608 | $ | 78,540 | ||||||||||
Portion of rental expense representative of interest factor | 15,580 | 15,496 | 14,595 | 15,264 | 15,408 | |||||||||||||||
Total fixed charges | $ | 93,884 | $ | 86,108 | $ | 85,421 | $ | 85,872 | $ | 93,948 | ||||||||||
Ratio of earnings to fixed charges | 2.55 | 2.56 | 2.94 | 1.32 | * | |||||||||||||||
_______________________________________________
* Earnings for the year ended August 31, 2010 were inadequate to cover fixed charges due to asset impairment charges and losses from discontinued operations. The coverage deficiency was approximately $167 million for the year ended August 31, 2010.