EX-12.1 2 mtzex121.htm EXHIBIT 12.1 MTZ EX 12.1


Exhibit 12.1

Statement Regarding Computation of Ratio of Earnings to Fixed Charges and Preference Dividends

Ratio of Earnings to Fixed Charges (dollar amounts in thousands):

 
Nine Months Ended
September 30, 2012
Earnings:
 
Income from continuing operations before provision for income taxes
$
130,186

Add:
 
Fixed charges
84,262

Less: Undistributed earnings (losses) from equity method investees
—

Total earnings
$
214,448

Fixed charges:
 
Interest expense
$
28,194

Estimate of interest expense within rental expense
56,068

Total fixed charges
$
84,262

Ratio of earnings to fixed charges
2.5