EX-12.1 7 a87166orexv12w1.txt EXHIBIT 12.1 EXHIBIT 12.1 STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Ended Year Ended December 31, September 30, -------------------------------------------------------- -------------------- 1997 1998 1999 2000 2001 2001 2002 -------- -------- -------- -------- -------- -------- -------- Earnings: Income before income taxes $ 60,124 $385,574 $481,909 $288,086 $ 56,502 $ 91,665 $162,976 Pretax charges (credits) 154,507 11,020 (2,233) 8,766 61,157 1,714 5,485 Fixed charges: Interest expense 64,536 60,923 43,001 79,636 70,282 54,802 55,351 Interest portion of rental expense 13,963 17,080 16,023 17,917 16,554 12,444 15,699 -------- -------- -------- -------- -------- -------- -------- $293,130 $474,597 $538,700 $394,405 $204,495 $160,625 $239,511 ======== ======== ======== ======== ======== ======== ======== Fixed Charges: Interest expense $ 64,536 $ 60,923 $ 43,001 $ 79,636 $ 70,282 $ 54,802 $ 55,351 Interest portion of rental expense 13,963 17,080 16,023 17,917 16,554 12,444 15,699 -------- -------- -------- -------- -------- -------- -------- $ 78,499 $ 78,003 $ 59,024 $ 97,553 $ 86,836 $ 67,246 $ 71,050 ======== ======== ======== ======== ======== ======== ======== Ratio of Earnings to Fixed Charges 3.7 6.1 9.1 4.0 2.4 2.4 3.4 ======== ======== ======== ======== ======== ======== ========
PRO FORMA RATIO OF EARNINGS TO FIXED CHARGES
Nine Months Year Ended Ended December 31, September 30, 2001 2002 ------------ ------------- Earnings: Income before income taxes $ 56,502 $162,976 Pretax charges (credits) 61,157 5,485 Fixed charges: Interest expense 70,237 56,106 Interest portion of rental expense 16,554 15,699 ------------ ------------- $204,450 $240,266 ============ ============= Fixed Charges: Interest expense $ 70,237 $ 56,106 Interest portion of rental expense 16,554 15,699 ------------ ------------- $ 86,791 $ 71,805 ============ ============= Ratio of earnings to fixed charges 2.4 3.3 ============ =============