Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - NEWMARKET CORP | d10k.htm |
| EX-23 - EXHIBIT 23 - NEWMARKET CORP | dex23.htm |
| EX-21 - EXHIBIT 21 - NEWMARKET CORP | dex21.htm |
| EX-31.(B) - EXHIBIT 31(B) - NEWMARKET CORP | dex31b.htm |
| EX-32.(A) - EXHIBIT 32(A) - NEWMARKET CORP | dex32a.htm |
| EX-10.1 - EXHIBIT 10.1 - NEWMARKET CORP | dex101.htm |
| EX-32.(B) - EXHIBIT 32(B) - NEWMARKET CORP | dex32b.htm |
| EX-31.(A) - EXHIBIT 31(A) - NEWMARKET CORP | dex31a.htm |
| EX-10.25 - EXHIBIT 10.25 - NEWMARKET CORP | dex1025.htm |
Exhibit 12
NewMarket Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands, except ratios)
| Years Ended December 31 | |||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||
| Earnings: |
|||||||||||||||
| Pretax income from continuing operations before discontinued operations |
$ | 239,376 | $ | 105,326 | $ | 100,424 | $ | 79,962 | $ | 33,798 | |||||
| Interest expense (net) |
11,716 | 12,046 | 11,557 | 15,403 | 16,849 | ||||||||||
| Portion of rent expense representative of interest factor |
6,379 | 6,713 | 6,097 | 5,787 | 5,636 | ||||||||||
| Amortization of capitalized interest |
235 | 233 | 251 | 346 | 1,144 | ||||||||||
| Adjusted pretax income from continuing operations |
$ | 257,706 | $ | 124,318 | $ | 118,329 | $ | 101,498 | $ | 57,427 | |||||
| Fixed Charges: |
|||||||||||||||
| Interest expense (before deducting capitalized interest) |
$ | 12,497 | $ | 12,931 | $ | 12,124 | $ | 15,624 | $ | 16,970 | |||||
| Portion of rent expense representative of interest factor |
6,379 | 6,713 | 6,097 | 5,787 | 5,636 | ||||||||||
| Total fixed charges |
$ | 18,876 | $ | 19,644 | $ | 18,221 | $ | 21,411 | $ | 22,606 | |||||
| Ratio of earnings to fixed charges |
13.7 | 6.3 | 6.5 | 4.7 | 2.5 | ||||||||||