Attached files
| file | filename |
|---|---|
| EX-32.1 - EX-32.1 - NUCOR CORP | d413679dex321.htm |
| EX-32 - EX-32 - NUCOR CORP | d413679dex32.htm |
| EX-31.1 - EX-31.1 - NUCOR CORP | d413679dex311.htm |
| EX-31 - EX-31 - NUCOR CORP | d413679dex31.htm |
| EX-10 - EX-10 - NUCOR CORP | d413679dex10.htm |
| 10-Q - FORM 10-Q - NUCOR CORP | d413679d10q.htm |
Exhibit 12
Nucor Corporation
2017 Form 10-Q
Computation of Ratio of Earnings to Fixed Charges
| Six Months Ended |
Six Months Ended |
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| Year-ended December 31, | July 1, | July 1, | ||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2016 | ||||||||||||||||||||||
| (In thousands, except ratios) | ||||||||||||||||||||||||||||
| Earnings |
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| Earnings before income taxes and noncontrolling interests |
$ | 697,004 | $ | 808,568 | $ | 1,147,288 | $ | 241,866 | $ | 1,298,659 | $ | 1,057,111 | $ | 559,447 | ||||||||||||||
| Plus: (earnings)/losses from equity investments |
13,323 | (9,297 | ) | (13,505 | ) | (5,329 | ) | (38,757 | ) | (22,058 | ) | (16,064 | ) | |||||||||||||||
| Plus: fixed charges (includes interest expense and amortization of bond issuance costs and settled swaps and estimated interest on rent expense) |
179,169 | 164,128 | 178,240 | 178,941 | 186,437 | 95,004 | 93,009 | |||||||||||||||||||||
| Plus: amortization of capitalized interest |
2,550 | 3,064 | 4,166 | 4,062 | 3,715 | 2,101 | 1,942 | |||||||||||||||||||||
| Plus: distributed income of equity investees |
9,946 | 8,708 | 53,738 | 15,132 | 40,602 | 46,877 | 37,026 | |||||||||||||||||||||
| Less: interest capitalized |
(4,715 | ) | (10,913 | ) | (2,946 | ) | (311 | ) | (3,940 | ) | (470 | ) | (1,600 | ) | ||||||||||||||
| Less: pre-tax earnings in noncontrolling interests in subsidiaries that have not incurred fixed charges |
(83,207 | ) | (94,330 | ) | (99,227 | ) | (112,306 | ) | (104,145 | ) | (39,425 | ) | (62,681 | ) | ||||||||||||||
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| Total earnings before fixed charges |
$ | 814,070 | $ | 869,928 | $ | 1,267,754 | $ | 322,055 | $ | 1,382,571 | $ | 1,139,140 | $ | 611,079 | ||||||||||||||
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| Fixed charges |
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| Interest cost and amortization of bond issuance and settled swaps |
$ | 178,218 | $ | 162,899 | $ | 177,088 | $ | 177,855 | $ | 185,119 | $ | 94,335 | $ | 92,451 | ||||||||||||||
| Estimated interest on rent expense |
951 | 1,229 | 1,152 | 1,086 | 1,318 | 669 | 558 | |||||||||||||||||||||
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| Total fixed charges |
$ | 179,169 | $ | 164,128 | $ | 178,240 | $ | 178,941 | $ | 186,437 | $ | 95,004 | $ | 93,009 | ||||||||||||||
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| Ratio of earnings to fixed charges |
4.54 | 5.30 | 7.11 | 1.80 | 7.42 | 11.99 | 6.57 | |||||||||||||||||||||