Attached files
| file | filename |
|---|---|
| EXCEL - IDEA: XBRL DOCUMENT - NUCOR CORP | Financial_Report.xls |
| 10-Q - 10-Q - NUCOR CORP | d785407d10q.htm |
| EX-10 - EX-10 - NUCOR CORP | d785407dex10.htm |
| EX-31 - EX-31 - NUCOR CORP | d785407dex31.htm |
| EX-32 - EX-32 - NUCOR CORP | d785407dex32.htm |
| EX-32.1 - EX-32.1 - NUCOR CORP | d785407dex321.htm |
| EX-31.1 - EX-31.1 - NUCOR CORP | d785407dex311.htm |
| EX-10.1 - EX-10.1 - NUCOR CORP | d785407dex101.htm |
Exhibit 12
Nucor Corporation
2014 Form 10-Q
| Computation of Ratio of Earnings to Fixed Charges | ||||||||||||||||||||||||||||
| Year-ended December 31, | Nine Months Ended |
Nine Months Ended |
||||||||||||||||||||||||||
| October 4, | September 28, | |||||||||||||||||||||||||||
| 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2013 | ||||||||||||||||||||||
| (In thousands, except ratios) | ||||||||||||||||||||||||||||
| Earnings |
||||||||||||||||||||||||||||
| Earnings/(loss) before income taxes and noncontrolling interests |
$ | (413,978 | ) | $ | 267,115 | $ | 1,251,812 | $ | 852,940 | $ | 791,123 | $ | 853,351 | $ | 553,862 | |||||||||||||
| Plus: (earnings)/losses from equity investments |
82,341 | 32,082 | 10,043 | 13,323 | (9,297 | ) | (10,028 | ) | (2,665 | ) | ||||||||||||||||||
| Plus: fixed charges (includes interest expense and amortization of bond issuance costs and settled swaps and estimated interest on rent expense) |
168,317 | 163,626 | 183,541 | 179,169 | 164,128 | 138,164 | 118,302 | |||||||||||||||||||||
| Plus: amortization of capitalized interest |
962 | 2,332 | 2,724 | 2,550 | 3,064 | 3,134 | 2,135 | |||||||||||||||||||||
| Plus: distributed income of equity investees |
7,373 | 4,923 | 3,883 | 9,946 | 8,708 | 11,504 | 7,708 | |||||||||||||||||||||
| Less: interest capitalized |
(16,390 | ) | (940 | ) | (3,509 | ) | (4,715 | ) | (10,913 | ) | (2,841 | ) | (4,510 | ) | ||||||||||||||
| Less: pre-tax earnings in noncontrolling interests in subsidiaries that have not incurred fixed charges |
(57,865 | ) | (73,110 | ) | (83,591 | ) | (88,507 | ) | (97,504 | ) | (67,313 | ) | (77,582 | ) | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total earnings/(loss) before fixed charges |
$ | (229,240 | ) | $ | 396,028 | $ | 1,364,903 | $ | 964,706 | $ | 849,309 | $ | 925,971 | $ | 597,250 | |||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Fixed charges |
||||||||||||||||||||||||||||
| Interest cost and amortization of bond issuance and settled swaps |
$ | 166,313 | $ | 162,213 | $ | 182,321 | $ | 178,218 | $ | 162,899 | $ | 137,236 | $ | 117,487 | ||||||||||||||
| Estimated interest on rent expense |
2,004 | 1,413 | 1,220 | 951 | 1,229 | 928 | 815 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Total fixed charges |
$ | 168,317 | $ | 163,626 | $ | 183,541 | $ | 179,169 | $ | 164,128 | $ | 138,164 | $ | 118,302 | ||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||||||||||||||
| Ratio of earnings to fixed charges |
* | 2.42 | 7.44 | 5.38 | 5.17 | 6.70 | 5.05 | |||||||||||||||||||||
| * | Earnings for the year ended December 31, 2009 were inadequate to cover fixed charges. The coverage deficiency was $397,557. |