EX-12.01 2 d529448dex1201.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, 2017

(add 000, except ratio)

 

EARNINGS:

   

Earnings before income taxes*

    $ 618,885  

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

      (11,894 ) 

Interest expense**

      91,487  

Portion of rents representative of an interest factor

      23,944  
  

 

 

  

Adjusted Earnings and Fixed Charges

    $ 722,422  

FIXED CHARGES:

   

Interest expense**

    $ 91,487  

Capitalized interest

      3,616  

Portion of rents representative of an interest factor

      23,944  
  

 

 

  

Total Fixed Charges

    $ 119,047  

Ratio of Earnings to Fixed Charges

      6.07  

 

* Represents earnings from continuing operations plus/minus net (loss) earnings attributable to noncontrolling interests.
** Interest expense excludes a credit of $84 associated with uncertain tax provisions.