Exhibit 12
NewMarket Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands, except ratios)
| Years Ended December 31 | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Pretax income from continuing operations before discontinued operations | $ | 259,996 | $ | 239,376 | $ | 105,326 | $ | 100,424 | $ | 79,962 | ||||||||||
Interest expense (net) | 17,261 | 11,716 | 12,046 | 11,557 | 15,403 | |||||||||||||||
Portion of rent expense representative of interest factor | 7,170 | 6,379 | 6,713 | 6,097 | 5,787 | |||||||||||||||
Amortization of capitalized interest | 256 | 235 | 233 | 251 | 346 | |||||||||||||||
Adjusted pretax income from continuing operations | $ | 284,683 | $ | 257,706 | $ | 124,318 | $ | 118,329 | $ | 101,498 | ||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest expense (before deducting capitalized interest) | $ | 17,597 | $ | 12,497 | $ | 12,931 | $ | 12,124 | $ | 15,624 | ||||||||||
Portion of rent expense representative of interest factor | 7,170 | 6,379 | 6,713 | 6,097 | 5,787 | |||||||||||||||
Total fixed charges | $ | 24,767 | $ | 18,876 | $ | 19,644 | $ | 18,221 | $ | 21,411 | ||||||||||
Ratio of earnings to fixed charges | 11.5 | 13.7 | 6.3 | 6.5 | 4.7 | |||||||||||||||