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10-K - 10-K - COMMERCIAL METALS Cocmc-8312018x10xk.htm
EX-32.B - EXHIBIT 32.B - COMMERCIAL METALS Cocmc-8312018xex32b.htm
EX-32.A - EXHIBIT 32.A - COMMERCIAL METALS Cocmc-8312018xex32a.htm
EX-31.B - EXHIBIT 31.B - COMMERCIAL METALS Cocmc-8312018xex31b.htm
EX-31.A - EXHIBIT 31.A - COMMERCIAL METALS Cocmc-8312018xex31a.htm
EX-23 - EXHIBIT 23 - COMMERCIAL METALS Cocmc-8312018xex23.htm
EX-21 - EXHIBIT 21 - COMMERCIAL METALS Cocmc-8312018xex21.htm
EX-10.1 - EXHIBIT 10.1 - COMMERCIAL METALS Cocmc-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