Attached files
| file | filename |
|---|---|
| EX-31 - EX-31 - NUCOR CORP | d95367dex31.htm |
| EX-32 - EX-32 - NUCOR CORP | d95367dex32.htm |
| EX-32.1 - EX-32.1 - NUCOR CORP | d95367dex321.htm |
| EX-31.1 - EX-31.1 - NUCOR CORP | d95367dex311.htm |
| 10-Q - FORM 10-Q - NUCOR CORP | d95367d10q.htm |
Exhibit 12
Nucor Corporation
2015 Form 10-Q
| Computation of Ratio of Earnings to Fixed Charges | ||||||||||||||||||||||||||||
| Year-ended December 31, | Nine Months Ended |
Nine Months Ended |
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| October 3, | October 4, | |||||||||||||||||||||||||||
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2014 | ||||||||||||||||||||||
| (In thousands, except ratios) | ||||||||||||||||||||||||||||
| Earnings |
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| Earnings before income taxes and noncontrolling interests |
$ | 267,115 | $ | 1,251,812 | $ | 852,940 | $ | 791,123 | $ | 1,204,577 | $ | 689,538 | $ | 853,351 | ||||||||||||||
| Plus: (earnings)/losses from equity investments |
32,082 | 10,043 | 13,323 | (9,297 | ) | (13,505 | ) | (550 | ) | (10,028 | ) | |||||||||||||||||
| Plus: fixed charges (includes interest expense and amortization of bond issuance costs and settled swaps and estimated interest on rent expense) |
163,626 | 183,541 | 179,169 | 164,128 | 178,240 | 135,565 | 138,164 | |||||||||||||||||||||
| Plus: amortization of capitalized interest |
2,332 | 2,724 | 2,550 | 3,064 | 4,166 | 2,988 | 3,134 | |||||||||||||||||||||
| Plus: distributed income of equity investees |
4,923 | 3,883 | 9,946 | 8,708 | 53,738 | 14,149 | 11,504 | |||||||||||||||||||||
| Less: interest capitalized |
(940 | ) | (3,509 | ) | (4,715 | ) | (10,913 | ) | (2,946 | ) | (91 | ) | (2,841 | ) | ||||||||||||||
| Less: pre-tax earnings in noncontrolling interests in subsidiaries that have not incurred fixed charges |
(73,110 | ) | (83,591 | ) | (88,507 | ) | (97,504 | ) | (101,844 | ) | (91,691 | ) | (67,313 | ) | ||||||||||||||
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| Total earnings before fixed charges |
$ | 396,028 | $ | 1,364,903 | $ | 964,706 | $ | 849,309 | $ | 1,322,426 | $ | 749,908 | $ | 925,971 | ||||||||||||||
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| Fixed charges |
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| Interest cost and amortization of bond issuance and settled swaps |
$ | 162,213 | $ | 182,321 | $ | 178,218 | $ | 162,899 | $ | 177,088 | $ | 134,715 | $ | 137,236 | ||||||||||||||
| Estimated interest on rent expense |
1,413 | 1,220 | 951 | 1,229 | 1,152 | 850 | 928 | |||||||||||||||||||||
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| Total fixed charges |
$ | 163,626 | $ | 183,541 | $ | 179,169 | $ | 164,128 | $ | 178,240 | $ | 135,565 | $ | 138,164 | ||||||||||||||
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| Ratio of earnings to fixed charges |
2.42 | 7.44 | 5.38 | 5.17 | 7.42 | 5.53 | 6.70 | |||||||||||||||||||||