EX-12.01 4 d877241dex1201.htm EX-12.01 EX-12.01

EXHIBIT 12.01

MARTIN MARIETTA MATERIALS, INC. AND CONSOLIDATED SUBSIDIARIES

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

For the Year Ended December 31, 2014

(add 000, except ratio)

 

EARNINGS:

Earnings before income taxes*

 $ 250,485   

Gain from less than 50%-owned associated companies, net

   (931 ) 

Interest expense**

   66,067   

Portion of rents representative of an interest factor

   15,739   
  

 

 

  

Adjusted Earnings and Fixed Charges

 $ 331,360   

FIXED CHARGES:

Interest expense**

 $ 66,067   

Capitalized interest

   8,033   

Portion of rents representative of an interest factor

   15,739   
  

 

 

  

Total Fixed Charges

 $ 89,839   

Ratio of Earnings to Fixed Charges

   3.69   

 

* Represents earnings from continuing operations plus/minus net (loss) earnings attributable to noncontrolling interests.
** Interest expense excluded $266 for the interest expense component associated with uncertain tax provisions.