Attached files
| file | filename |
|---|---|
| EX-32 - EX-32 - NUCOR CORP | d252136dex32.htm |
| 10-Q - 10-Q - NUCOR CORP | d252136d10q.htm |
| EX-32.1 - EX-32.1 - NUCOR CORP | d252136dex321.htm |
| EX-31.1 - EX-31.1 - NUCOR CORP | d252136dex311.htm |
| EX-31 - EX-31 - NUCOR CORP | d252136dex31.htm |
Exhibit 12
Nucor Corporation
2016 Form 10-Q
Computation of Ratio of Earnings to Fixed Charges
| Nine Months | Nine Months | |||||||||||||||||||||||||||
| Ended | Ended | |||||||||||||||||||||||||||
| Year-ended December 31, | October 1, | October 3, | ||||||||||||||||||||||||||
| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 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 | $ | 938,682 | $ | 689,538 | ||||||||||||||
| Plus: (earnings)/losses from equity investments |
10,043 | 13,323 | (9,297 | ) | (13,505 | ) | (5,329 | ) | (30,232 | ) | (550 | ) | ||||||||||||||||
| 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 | 140,668 | 135,565 | |||||||||||||||||||||
| Plus: amortization of capitalized interest |
2,724 | 2,550 | 3,064 | 4,166 | 4,062 | 2,906 | 2,988 | |||||||||||||||||||||
| Plus: distributed income of equity investees |
3,883 | 9,946 | 8,708 | 53,738 | 15,132 | 38,474 | 14,149 | |||||||||||||||||||||
| Less: interest capitalized |
(3,509 | ) | (4,715 | ) | (10,913 | ) | (2,946 | ) | (311 | ) | (2,450 | ) | (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 | ) | (82,719 | ) | (91,691 | ) | ||||||||||||||
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| Total earnings before fixed charges |
$ | 1,364,903 | $ | 964,706 | $ | 849,309 | $ | 1,322,426 | $ | 763,308 | $ | 1,005,329 | $ | 749,908 | ||||||||||||||
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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 | $ | 139,820 | $ | 134,715 | ||||||||||||||
| Estimated interest on rent expense |
1,220 | 951 | 1,229 | 1,152 | 1,086 | 848 | 850 | |||||||||||||||||||||
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| Total fixed charges |
$ | 183,541 | $ | 179,169 | $ | 164,128 | $ | 178,240 | $ | 178,941 | $ | 140,668 | $ | 135,565 | ||||||||||||||
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| Ratio of earnings to fixed charges |
7.44 | 5.38 | 5.17 | 7.42 | 4.27 | 7.15 | 5.53 | |||||||||||||||||||||