Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - NUCOR CORP | d183611d10q.htm |
| EX-32.1 - EX-32.1 - NUCOR CORP | d183611dex321.htm |
| EX-32 - EX-32 - NUCOR CORP | d183611dex32.htm |
| EX-31.1 - EX-31.1 - NUCOR CORP | d183611dex311.htm |
| EX-31 - EX-31 - NUCOR CORP | d183611dex31.htm |
Exhibit 12
Nucor Corporation
2016 Form 10-Q
Computation of Ratio of Earnings to Fixed Charges
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Year-ended December 31, |
Six Months Ended July 2, 2016 |
Six Months Ended July 4, 2015 |
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| 2011 | 2012 | 2013 | 2014 | 2015 | ||||||||||||||||||||||||
| (In thousands, except ratios) | ||||||||||||||||||||||||||||
| Earnings |
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| Earnings before income taxes and noncontrolling interests |
$ | 1,251,812 | $ | 852,940 | $ | 791,123 | $ | 1,204,577 | $ | 709,238 | $ | 512,410 | $ | 335,267 | ||||||||||||||
| Plus: (earnings)/losses from equity investments |
10,043 | 13,323 | (9,297 | ) | (13,505 | ) | (5,329 | ) | (16,064 | ) | (435 | ) | ||||||||||||||||
| Plus: fixed charges (includes interest expense and amortization of bond issuance costs and settled swaps and estimated interest on rent expense) |
183,541 | 179,169 | 164,128 | 178,240 | 178,941 | 93,009 | 88,876 | |||||||||||||||||||||
| Plus: amortization of capitalized interest |
2,724 | 2,550 | 3,064 | 4,166 | 4,062 | 1,942 | 1,877 | |||||||||||||||||||||
| Plus: distributed income of equity investees |
3,883 | 9,946 | 8,708 | 53,738 | 15,132 | 37,026 | 12,142 | |||||||||||||||||||||
| Less: interest capitalized |
(3,509 | ) | (4,715 | ) | (10,913 | ) | (2,946 | ) | (311 | ) | (1,600 | ) | (91 | ) | ||||||||||||||
| Less: pre-tax earnings in noncontrolling interests in subsidiaries that have not incurred fixed charges |
(83,591 | ) | (88,507 | ) | (97,504 | ) | (101,844 | ) | (138,425 | ) | (58,271 | ) | (51,081 | ) | ||||||||||||||
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| Total earnings before fixed charges |
$ | 1,364,903 | $ | 964,706 | $ | 849,309 | $ | 1,322,426 | $ | 763,308 | $ | 568,452 | $ | 386,555 | ||||||||||||||
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| Fixed charges |
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| Interest cost and amortization of bond issuance and settled swaps |
$ | 182,321 | $ | 178,218 | $ | 162,899 | $ | 177,088 | $ | 177,855 | $ | 92,451 | $ | 88,310 | ||||||||||||||
| Estimated interest on rent expense |
1,220 | 951 | 1,229 | 1,152 | 1,086 | 558 | 566 | |||||||||||||||||||||
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| Total fixed charges |
$ | 183,541 | $ | 179,169 | $ | 164,128 | $ | 178,240 | $ | 178,941 | $ | 93,009 | $ | 88,876 | ||||||||||||||
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| Ratio of earnings to fixed charges |
7.44 | 5.38 | 5.17 | 7.42 | 4.27 | 6.11 | 4.35 | |||||||||||||||||||||