Attached files
| file | filename |
|---|---|
| EX-32.B - EXHIBIT 32.B - NEWMARKET CORP | neu-20171231xexhibit32b.htm |
| EX-32.A - EXHIBIT 32.A - NEWMARKET CORP | neu-20171231xexhibit32a.htm |
| EX-31.B - EXHIBIT 31.B - NEWMARKET CORP | neu-20171231xexhibit31b.htm |
| EX-31.A - EXHIBIT 31.A - NEWMARKET CORP | neu-20171231xexhibit31a.htm |
| EX-23 - EXHIBIT 23 - NEWMARKET CORP | neu-20171231xexhibit23cons.htm |
| EX-21 - EXHIBIT 21 - NEWMARKET CORP | neu-20171231xexhibit21subs.htm |
| EX-10.11 - EXHIBIT 10.11 - NEWMARKET CORP | neu-20171231xexhibit1011of.htm |
| 10-K - FORM 10-K - NEWMARKET CORP | neu-2017123110k.htm |
Exhibit 12
NewMarket Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
Years Ended December 31, | ||||||||||||||||||||
(in thousands, except ratios) | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | ||||||||||||||||||||
Income from continuing operations before income tax expense | $ | 315,442 | $ | 343,208 | $ | 338,971 | $ | 339,099 | $ | 341,311 | ||||||||||
Interest and financing expenses, net | 21,856 | 16,785 | 14,652 | 16,567 | 17,796 | |||||||||||||||
Portion of rent expense representative of interest factor | 10,966 | 11,061 | 11,202 | 10,082 | 8,541 | |||||||||||||||
Amortization of capitalized interest | 739 | 545 | 391 | 371 | 339 | |||||||||||||||
Adjusted income from continuing operations before income tax expense | $ | 349,003 | $ | 371,599 | $ | 365,216 | $ | 366,119 | $ | 367,987 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest and financing expenses (before deducting capitalized interest) | $ | 26,448 | $ | 19,896 | $ | 17,442 | $ | 17,825 | $ | 21,236 | ||||||||||
Portion of rent expense representative of interest factor | 10,966 | 11,061 | 11,202 | 10,082 | 8,541 | |||||||||||||||
Total fixed charges | $ | 37,414 | $ | 30,957 | $ | 28,644 | $ | 27,907 | $ | 29,777 | ||||||||||
Ratio of earnings to fixed charges | 9.3 | 12.0 | 12.8 | 13.1 | 12.4 | |||||||||||||||