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EXCEL - IDEA: XBRL DOCUMENT - EAGLE MATERIALS INCFinancial_Report.xls
EX-95 - EX-95 - EAGLE MATERIALS INCexp-ex95_2014123112.htm
EX-32.2 - EX-32.2 - EAGLE MATERIALS INCexp-ex322_201412317.htm
EX-31.2 - EX-31.2 - EAGLE MATERIALS INCexp-ex312_2014123114.htm
EX-32.1 - EX-32.1 - EAGLE MATERIALS INCexp-ex321_2014123116.htm
EX-31.1 - EX-31.1 - EAGLE MATERIALS INCexp-ex311_2014123118.htm
10-Q - 10-Q - EAGLE MATERIALS INCexp-10q_20141231.htm

EXHIBIT 12.1

 

 

Nine Months

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended December 31,

 

 

Fiscal Year Ended March 31,

 

 

 

2014

 

 

2014

 

 

2013

 

 

2012

 

 

2011

 

Earnings: (1)

 

 

Earnings before income taxes

 

208,229

 

 

 

181,804

 

 

 

84,096

 

 

 

21,912

 

 

 

16,762

 

 

Add: Fixed charges

 

11,930

 

 

 

18,171

 

 

 

15,791

 

 

 

17,769

 

 

 

18,291

 

 

Add: Amortization of capitalized interest and FIN 48 Interest

924

 

 

 

1,177

 

 

945

 

 

 

(367

)

 

 

(932

)

 

Add: Cash distributions from equity method investments

 

30,125

 

 

 

37,750

 

 

 

28,500

 

 

 

23,250

 

 

 

24,500

 

 

Subtract: Income from equity method investments

 

(34,274

)

 

 

(37,811

)

 

 

(32,507

)

 

 

(28,528

)

 

 

(24,233

)

Total Earnings

 

216,934

 

 

 

201,091

 

 

 

96,825

 

 

 

34,036

 

 

 

34,388

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges: (2)

 

 

Interest expense

 

11,537

 

 

 

17,646

 

 

 

15,467

 

 

 

17,530

 

 

 

17,995

 

 

Interest component of rent expense

393

 

 

525

 

 

324

 

 

239

 

 

296

 

Total Fixed Charges

 

11,930

 

 

 

18,171

 

 

 

15,791

 

 

 

17,769

 

 

 

18,291

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

18.2x

 

 

11.1x

 

 

6.1x

 

 

1.9x

 

 

1.9x

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(1)

Earnings represent earnings before income taxes and before income from equity method investments plus: (a) fixed charges;  and (b) cash distributions from equity method investments.

 

(2)

Fixed charges include: (a) interest expense, whether expensed or capitalized, less interest accrued for uncertain tax positions; and (b) the portion of operating rental expense which management believes is representative of the interest component of rent expense.