Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - NUCOR CORP | d369498d10q.htm |
| EX-32.1 - EX-32.1 - NUCOR CORP | d369498dex321.htm |
| EX-32 - EX-32 - NUCOR CORP | d369498dex32.htm |
| EX-31.1 - EX-31.1 - NUCOR CORP | d369498dex311.htm |
| EX-31 - EX-31 - NUCOR CORP | d369498dex31.htm |
Exhibit 12
Nucor Corporation
2017 Form 10-Q
Computation of Ratio of Earnings to Fixed Charges
| Three Months Ended April 1, 2017 |
Three Months Ended April 2, 2016 |
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| Year-ended December 31, | ||||||||||||||||||||||||||||
| 2012 | 2013 | 2014 | 2015 | 2016 | ||||||||||||||||||||||||
| (In thousands, except ratios) | ||||||||||||||||||||||||||||
| Earnings |
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| Earnings before income taxes and noncontrolling interests |
$ | 697,004 | $ | 808,568 | $ | 1,147,288 | $ | 241,866 | $ | 1,298,659 | $ | 548,975 | $ | 169,563 | ||||||||||||||
| Plus: (earnings)/losses from equity investments |
13,323 | (9,297 | ) | (13,505 | ) | (5,329 | ) | (38,757 | ) | (8,756 | ) | (9,245 | ) | |||||||||||||||
| Plus: fixed charges (includes interest expense and amortization of bond issuance costs and settled swaps and estimated interest on rent expense) |
179,169 | 164,128 | 178,240 | 178,941 | 186,437 | 46,783 | 47,751 | |||||||||||||||||||||
| Plus: amortization of capitalized interest |
2,550 | 3,064 | 4,166 | 4,062 | 3,715 | 1,048 | 968 | |||||||||||||||||||||
| Plus: distributed income of equity investees |
9,946 | 8,708 | 53,738 | 15,132 | 40,602 | 30,249 | 36,015 | |||||||||||||||||||||
| Less: interest capitalized |
(4,715 | ) | (10,913 | ) | (2,946 | ) | (311 | ) | (3,940 | ) | (150 | ) | (100 | ) | ||||||||||||||
| Less: pre-tax earnings in noncontrolling interests in subsidiaries that have not incurred fixed charges |
(83,207 | ) | (94,330 | ) | (99,227 | ) | (112,306 | ) | (104,145 | ) | (20,749 | ) | (34,932 | ) | ||||||||||||||
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| Total earnings before fixed charges |
$ | 814,070 | $ | 869,928 | $ | 1,267,754 | $ | 322,055 | $ | 1,382,571 | $ | 597,400 | $ | 210,020 | ||||||||||||||
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| Fixed charges |
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| Interest cost and amortization of bond issuance and settled swaps |
$ | 178,218 | $ | 162,899 | $ | 177,088 | $ | 177,855 | $ | 185,119 | $ | 46,450 | $ | 47,474 | ||||||||||||||
| Estimated interest on rent expense |
951 | 1,229 | 1,152 | 1,086 | 1,318 | 333 | 277 | |||||||||||||||||||||
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| Total fixed charges |
$ | 179,169 | $ | 164,128 | $ | 178,240 | $ | 178,941 | $ | 186,437 | $ | 46,783 | $ | 47,751 | ||||||||||||||
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| Ratio of earnings to fixed charges |
4.54 | 5.30 | 7.11 | 1.80 | 7.42 | 12.77 | 4.40 | |||||||||||||||||||||