Attached files
| file | filename |
|---|---|
| EX-5.2 - EX-5.2 - Vulcan Materials CO | d314722dex52.htm |
| EX-5.1 - EX-5.1 - Vulcan Materials CO | d314722dex51.htm |
| EX-4.1 - EX-4.1 - Vulcan Materials CO | d314722dex41.htm |
| EX-1.1 - EX-1.1 - Vulcan Materials CO | d314722dex11.htm |
| 8-K - 8-K - Vulcan Materials CO | d314722d8k.htm |
Exhibit 12.1
Vulcan Materials Company and Subsidiary Companies
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
| For the years ended December 31, | ||||||||||||||||||||
| dollars in thousands |
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
| Fixed charges |
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| Interest expense before capitalization credits |
$ | 141,543 | $ | 219,915 | $ | 236,875 | $ | 197,493 | $ | 209,865 | ||||||||||
| Amortization of financing costs |
0 | 3,602 | 8,583 | 6,184 | 5,918 | |||||||||||||||
| One-third of rental expense |
41,686 | 39,552 | 36,103 | 29,959 | 26,186 | |||||||||||||||
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| Total fixed charges |
$ | 183,229 | $ | 263,069 | $ | 281,561 | $ | 233,636 | $ | 241,969 | ||||||||||
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| Earnings before income taxes, as adjusted |
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| Earnings from continuing operations before income taxes |
$ | 547,257 | $ | 327,857 | $ | 298,838 | $ | (3,703 | ) | $ | (120,418 | ) | ||||||||
| Minority interest in earnings (losses) of a consolidated subsidiary |
0 | 0 | 0 | 0 | 0 | |||||||||||||||
| Fixed charges |
183,229 | 263,069 | 281,561 | 233,636 | 241,969 | |||||||||||||||
| Capitalized interest credits |
(7,468 | ) | (2,930 | ) | (2,092 | ) | (1,089 | ) | (2,716 | ) | ||||||||||
| Amortization of capitalized interest |
2,653 | 2,518 | 2,742 | 3,408 | 3,453 | |||||||||||||||
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| Earnings before income taxes, as adjusted |
$ | 725,671 | $ | 590,514 | $ | 581,049 | $ | 232,252 | $ | 122,288 | ||||||||||
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| Ratio of earnings to fixed charges |
4.0 | 2.2 | 2.1 | 1.0 | 0.5 | |||||||||||||||