EX-12 13 d69666kexv12.htm EX-12 exv12
Exhibit 12
COMMERCIAL METALS COMPANY AND SUBSIDIARIES CONSOLIDATED
RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands, except ratios)
                                         
    2009     2008     2007     2006     2005  
EARNINGS:*
                                        
EARNINGS BEFORE INCOME TAXES
   $ 33,925     $ 337,311     $ 536,056     $ 554,493     $ 443,033  
INTEREST EXPENSE
     77,562       59,488       37,257       29,569       31,187  
INTEREST IMPUTED ON RENT
     22,780       21,217       12,082       8,293       6,258  
AMORTIZATION OF CAPITALIZED INTEREST
     899       728       655       1,224       1,224  
 
                              
 
                                        
TOTAL EARNINGS
     135,166       418,744       586,050       593,579       481,702  
FIXED CHARGES:*
                                        
INTEREST EXPENSE
     77,562       59,488       37,257       29,569       31,187  
INTEREST CAPITALIZED
     12,638       6,877       3,198       2,256       1,302  
INTEREST IMPUTED ON RENT
     22,780       21,217       12,082       8,293       6,258  
 
                              
 
                                        
TOTAL FIXED CHARGES
     112,980       87,582       52,537       40,118       38,747  
RATIO OF EARNINGS TO FIXED CHARGES
     1.20       4.78       11.16       14.80       12.43  
 
*   Earnings and fixed charges include a division classified as discontinued operations.