Exhibit 12
NewMarket Corporation and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands, except ratios)
Years Ended December 31 | ||||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Pretax income from continuing operations before discontinued operations | $ | 303,717 | $ | 259,996 | $ | 239,376 | $ | 105,326 | $ | 100,424 | ||||||||||
Interest expense (net) | 18,820 | 17,261 | 11,716 | 12,046 | 11,557 | |||||||||||||||
Portion of rent expense representative of interest factor | 7,911 | 7,170 | 6,379 | 6,713 | 6,097 | |||||||||||||||
Amortization of capitalized interest | 283 | 256 | 235 | 233 | 251 | |||||||||||||||
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Adjusted pretax income from continuing operations | $ | 330,731 | $ | 284,683 | $ | 257,706 | $ | 124,318 | $ | 118,329 | ||||||||||
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Fixed Charges: | ||||||||||||||||||||
Interest expense (before deducting capitalized interest) | $ | 19,314 | $ | 17,597 | $ | 12,497 | $ | 12,931 | $ | 12,124 | ||||||||||
Portion of rent expense representative of interest factor | 7,911 | 7,170 | 6,379 | 6,713 | 6,097 | |||||||||||||||
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Total fixed charges | $ | 27,225 | $ | 24,767 | $ | 18,876 | $ | 19,644 | $ | 18,221 | ||||||||||
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Ratio of earnings to fixed charges | 12.1 | 11.5 | 13.7 | 6.3 | 6.5 | |||||||||||||||
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