Attached files
| file | filename |
|---|---|
| 10-K - 10-K - NUCOR CORP | d441208d10k.htm |
| EX-32.(I) - EX-32.(I) - NUCOR CORP | d441208dex32i.htm |
| EX-32 - EX-32 - NUCOR CORP | d441208dex32.htm |
| EX-31.(I) - EX-31.(I) - NUCOR CORP | d441208dex31i.htm |
| EX-31 - EX-31 - NUCOR CORP | d441208dex31.htm |
| EX-23 - EX-23 - NUCOR CORP | d441208dex23.htm |
| EX-21 - EX-21 - NUCOR CORP | d441208dex21.htm |
| EX-13 - EX-13 - NUCOR CORP | d441208dex13.htm |
| EX-10.(V) - EX-10.(V) - NUCOR CORP | d441208dex10v.htm |
| EX-10.(I)(V) - EX-10.(I)(V) - NUCOR CORP | d441208dex10iv.htm |
Exhibit 12
Nucor Corporation
2017 Form 10-K
Computation of Ratio of Earnings to Fixed Charges
| Year ended December 31, | ||||||||||||||||||||
| 2013 | 2014 | 2015 | 2016 | 2017 | ||||||||||||||||
| (In thousands, except ratios) | ||||||||||||||||||||
| Earnings |
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| Earnings before income taxes and noncontrolling interests |
$ | 808,568 | $ | 1,147,288 | $ | 241,866 | $ | 1,298,659 | $ | 1,749,957 | ||||||||||
| Plus: (earnings)/losses from equity investments |
(9,297 | ) | (13,505 | ) | (5,329 | ) | (38,757 | ) | (41,661 | ) | ||||||||||
| Plus: fixed charges (includes interest expense and amortization of bond issuance costs and settled swaps and estimated interest on rent expense) |
164,128 | 178,240 | 178,941 | 186,437 | 190,889 | |||||||||||||||
| Plus: amortization of capitalized interest |
3,064 | 4,166 | 4,062 | 3,715 | 4,208 | |||||||||||||||
| Plus: distributed income of equity investees |
8,708 | 53,738 | 15,132 | 40,602 | 49,295 | |||||||||||||||
| Less: interest capitalized |
(10,913 | ) | (2,946 | ) | (311 | ) | (3,940 | ) | (1,590 | ) | ||||||||||
| Less: pre-tax earnings in noncontrolling interests in subsidiaries that have not incurred fixed charges |
(94,330 | ) | (99,227 | ) | (112,306 | ) | (104,145 | ) | (61,883 | ) | ||||||||||
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| Total earnings before fixed charges |
$ | 869,928 | $ | 1,267,754 | $ | 322,055 | $ | 1,382,571 | $ | 1,889,215 | ||||||||||
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| Fixed charges |
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| Interest cost and amortization of bond issuance and settled swaps |
$ | 162,899 | $ | 177,088 | $ | 177,855 | $ | 185,119 | $ | 188,872 | ||||||||||
| Estimated interest on rent expense |
1,229 | 1,152 | 1,086 | 1,318 | 2,017 | |||||||||||||||
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| Total fixed charges |
$ | 164,128 | $ | 178,240 | $ | 178,941 | $ | 186,437 | $ | 190,889 | ||||||||||
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| Ratio of earnings to fixed charges |
5.30 | 7.11 | 1.80 | 7.42 | 9.90 | |||||||||||||||