Attached files
file | filename |
---|---|
10-K - 10-K - COMMERCIAL METALS Co | cmc-8312018x10xk.htm |
EX-32.B - EXHIBIT 32.B - COMMERCIAL METALS Co | cmc-8312018xex32b.htm |
EX-32.A - EXHIBIT 32.A - COMMERCIAL METALS Co | cmc-8312018xex32a.htm |
EX-31.B - EXHIBIT 31.B - COMMERCIAL METALS Co | cmc-8312018xex31b.htm |
EX-31.A - EXHIBIT 31.A - COMMERCIAL METALS Co | cmc-8312018xex31a.htm |
EX-23 - EXHIBIT 23 - COMMERCIAL METALS Co | cmc-8312018xex23.htm |
EX-21 - EXHIBIT 21 - COMMERCIAL METALS Co | cmc-8312018xex21.htm |
EX-10.1 - EXHIBIT 10.1 - COMMERCIAL METALS Co | cmc-8312018xex10in.htm |
EXHIBIT 12
COMMERCIAL METALS COMPANY AND SUBSIDIARIES CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands, except ratios)
2018 | 2017 | 2016 | 2015 | 2014 | ||||||||||||||||
Earnings from continuing operations before taxes | $ | 165,384 | $ | 65,451 | $ | 75,977 | $ | 94,680 | $ | 128,779 | ||||||||||
Capitalized interest amortization | 2,062 | 2,071 | 2,043 | 2,102 | 2,351 | |||||||||||||||
Fixed charges | 60,441 | 65,622 | 78,856 | 87,415 | 86,040 | |||||||||||||||
Less: Capitalized interest | (7,254 | ) | (9,833 | ) | (3,581 | ) | (811 | ) | (563 | ) | ||||||||||
Total | $ | 220,633 | $ | 123,311 | $ | 153,295 | $ | 183,386 | $ | 216,607 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense | $ | 48,211 | $ | 53,984 | $ | 66,554 | $ | 74,125 | $ | 74,923 | ||||||||||
Portion of rental expense representative of interest factor | 12,230 | 11,638 | 12,302 | 13,290 | 11,117 | |||||||||||||||
Total fixed charges | $ | 60,441 | $ | 65,622 | $ | 78,856 | $ | 87,415 | $ | 86,040 | ||||||||||
Ratio of earnings to fixed charges | 3.65 | 1.88 | 1.94 | 2.10 | 2.52 |