Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - NEWMARKET CORP | neu-20141231x10k.htm |
| EX-31.B - EXHIBIT 31.B - NEWMARKET CORP | neu-20141231xexhibit31b.htm |
| EX-32.B - EXHIBIT 32.B - NEWMARKET CORP | neu-20141231xexhibit32b.htm |
| EX-31.A - EXHIBIT 31.A - NEWMARKET CORP | neu-20141231xexhibit31a.htm |
| EX-32.A - EXHIBIT 32.A - NEWMARKET CORP | neu-20141231xexhibit32a.htm |
| EX-23 - EXHIBIT 23 - NEWMARKET CORP | neu-2014x1231xexhibit23con.htm |
| EX-21 - EXHIBIT 21 - NEWMARKET CORP | neu-20141231xexhibit21subs.htm |
| EX-10.14 - EXHIBIT 10.14 - NEWMARKET CORP | neu-20141231xexhibit1014di.htm |
| EX-10.13 - EXHIBIT 10.13 - NEWMARKET CORP | neu-20141231xexhibit1013of.htm |
| EXCEL - IDEA: XBRL DOCUMENT - NEWMARKET CORP | Financial_Report.xls |
Exhibit 12
NewMarket Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
Years Ended December 31, | ||||||||||||||||||||
(in thousands, except ratios) | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||
Earnings: | ||||||||||||||||||||
Income from continuing operations before income tax expense | $ | 339,099 | $ | 341,311 | $ | 337,568 | $ | 301,344 | $ | 257,589 | ||||||||||
Interest and financing expenses, net | 16,567 | 17,796 | 8,435 | 14,151 | 12,668 | |||||||||||||||
Portion of rent expense representative of interest factor | 10,082 | 8,541 | 8,115 | 7,911 | 7,170 | |||||||||||||||
Amortization of capitalized interest | 371 | 339 | 313 | 283 | 256 | |||||||||||||||
Adjusted income from continuing operations before income tax expense | $ | 366,119 | $ | 367,987 | $ | 354,431 | $ | 323,689 | $ | 277,683 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest and financing expenses (before deducting capitalized interest) (a) | $ | 17,825 | $ | 21,236 | $ | 11,126 | $ | 19,314 | $ | 17,597 | ||||||||||
Portion of rent expense representative of interest factor | 10,082 | 8,541 | 8,115 | 7,911 | 7,170 | |||||||||||||||
Total fixed charges | $ | 27,907 | $ | 29,777 | $ | 19,241 | $ | 27,225 | $ | 24,767 | ||||||||||
Ratio of earnings to fixed charges | 13.1 | 12.4 | 18.4 | 11.9 | 11.2 | |||||||||||||||
(a) Prior year amounts have been adjusted to include the impact of our discontinued operation. The impact was not material.