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EX-10.7 - EX-10.7 - EAGLE MATERIALS INCexp-ex107_20140930433.htm
EX-31.1 - EX-31.1 - EAGLE MATERIALS INCexp-ex311_20140930434.htm
EX-95 - EX-95 - EAGLE MATERIALS INCexp-ex95_20140930841.htm
EX-2.1 - EX-2.1 - EAGLE MATERIALS INCexp-ex21_20140930427.htm
EX-10.4 - EX-10.4 - EAGLE MATERIALS INCexp-ex104_20140930431.htm
EX-10.2 - EX-10.2 - EAGLE MATERIALS INCexp-ex102_20140930429.htm
EX-10.5 - EX-10.5 - EAGLE MATERIALS INCexp-ex105_20140930432.htm
EX-32.2 - EX-32.2 - EAGLE MATERIALS INCexp-ex322_20140930437.htm
EX-32.1 - EX-32.1 - EAGLE MATERIALS INCexp-ex321_20140930436.htm
EX-31.2 - EX-31.2 - EAGLE MATERIALS INCexp-ex312_20140930435.htm
EX-10.1 - EX-10.1 - EAGLE MATERIALS INCexp-ex101_20140930428.htm
EXCEL - IDEA: XBRL DOCUMENT - EAGLE MATERIALS INCFinancial_Report.xls
10-Q - 10-Q - EAGLE MATERIALS INCexp-10q_20140930.htm
EX-10.3 - EX-10.3 - EAGLE MATERIALS INCexp-ex103_20140930430.htm

EXHIBIT 12.1

 

 

Six Months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended September 30

 

 

Fiscal Year Ended March 31,

 

 

 

2014

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

Earnings: (1)

 

 

Earnings before income taxes

 

130,363

 

 

 

181,804

 

 

 

84,096

 

 

 

21,912

 

 

 

16,762

 

 

Add: Fixed charges

 

7,869

 

 

 

18,171

 

 

 

15,791

 

 

 

17,769

 

 

 

18,291

 

 

Add: Amortization of capitalized interest and FIN 48 Interest

616

 

 

 

1,177

 

 

945

 

 

 

(367

)

 

 

(932

)

 

Add: Cash distributions from equity method investments

 

19,375

 

 

 

37,750

 

 

 

28,500

 

 

 

23,250

 

 

 

24,500

 

 

Subtract: Income from equity method investments

 

(21,851

)

 

 

(37,811

)

 

 

(32,507

)

 

 

(28,528

)

 

 

(24,233

)

Total Earnings

 

136,372

 

 

 

201,091

 

 

 

96,825

 

 

 

34,036

 

 

 

34,388

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges: (2)

 

 

Interest expense

 

7,607

 

 

 

17,646

 

 

 

15,467

 

 

 

17,530

 

 

 

17,995

 

 

Interest component of rent expense

262

 

 

525

 

 

324

 

 

239

 

 

296

 

Total Fixed Charges

 

7,869

 

 

 

18,171

 

 

 

15,791

 

 

 

17,769

 

 

 

18,291

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

17.3x

 

 

11.1x

 

 

6.1x

 

 

1.9x

 

 

1.9x

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Earnings represent earnings before income taxes and before income from equity method investments plus: (a) fixed charges;  and (b) cash distributions from equity method investments.

 

(2)

Fixed charges include: (a) interest expense, whether expensed or capitalized, less interest accrued for uncertain tax positions; and (b) the portion of operating rental expense which management believes is representative of the interest component of rent expense.