Attached files
| file | filename |
|---|---|
| EX-31.B - EXHIBIT 31.B - COMMERCIAL METALS Co | cmc-8312017xex31b.htm |
| 10-K - 10-K - COMMERCIAL METALS Co | cmc-8312017x10k.htm |
| EX-32.B - EXHIBIT 32.B - COMMERCIAL METALS Co | cmc-8312017xex32b.htm |
| EX-32.A - EXHIBIT 32.A - COMMERCIAL METALS Co | cmc-8312017xex32a.htm |
| EX-31.A - EXHIBIT 31.A - COMMERCIAL METALS Co | cmc-8312017xex31a.htm |
| EX-23 - EXHIBIT 23 - COMMERCIAL METALS Co | cmc-8312017xex23.htm |
| EX-21 - EXHIBIT 21 - COMMERCIAL METALS Co | cmc-8312017xex21.htm |
EXHIBIT 12
COMMERCIAL METALS COMPANY AND SUBSIDIARIES CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands, except ratios)
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||
Earnings from continuing operations before taxes | $ | 45,004 | $ | 68,710 | $ | 96,462 | $ | 149,357 | $ | 94,674 | ||||||||||
Less: Net earnings attributable to noncontrolling interests | — | — | — | 1 | 4 | |||||||||||||||
Capitalized interest amortization | 2,071 | 2,043 | 1,191 | 1,371 | 2,305 | |||||||||||||||
Fixed charges | 66,074 | 78,588 | 91,473 | 88,437 | 79,470 | |||||||||||||||
Less: Capitalized interest | (9,833 | ) | (3,581 | ) | (810 | ) | (563 | ) | (1,004 | ) | ||||||||||
Total | $ | 103,316 | $ | 145,760 | $ | 188,316 | $ | 238,601 | $ | 175,441 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense | $ | 53,880 | $ | 65,702 | $ | 77,266 | $ | 76,234 | $ | 68,476 | ||||||||||
Portion of rental expense representative of interest factor | 12,194 | 12,886 | 14,207 | 12,203 | 10,994 | |||||||||||||||
Total fixed charges | $ | 66,074 | $ | 78,588 | $ | 91,473 | $ | 88,437 | $ | 79,470 | ||||||||||
Ratio of earnings to fixed charges | 1.56 | 1.85 | 2.06 | 2.70 | 2.21 | |||||||||||||||