EX-12.01 2 d147147dex1201.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, 2015

(add 000, except ratio)

 

EARNINGS:

   

Earnings before income taxes*

    $ 413,655   

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

      (7,694 ) 

Interest expense**

      76,287   

Portion of rents representative of an interest factor

      21,136   
  

 

 

  

Adjusted Earnings and Fixed Charges

    $ 503,384   

FIXED CHARGES:

   

Interest expense**

    $ 76,287   

Capitalized interest

      5,832   

Portion of rents representative of an interest factor

      21,136   
  

 

 

  

Total Fixed Charges

    $ 103,255   

Ratio of Earnings to Fixed Charges

      4.88   

 

* Represents earnings from continuing operations plus/minus net (loss) earnings attributable to noncontrolling interests.
** Interest expense excluded $217 for the interest expense component associated with uncertain tax provisions.