EX-12.1 3 d586852dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Ratio/Deficiency of Earnings to Fixed Charges

 

     Year
Ended
12/31/13
    Year Ended
12/31/14
    Year Ended
12/31/15
    Year Ended
12/31/16
    Year Ended
12/31/17
    Quarter
Ended
3/31/18
 

Earnings:

            

(Loss) Income from continuing operations before income taxes

     (57,220     (15,660     (166,594     87,300       116,890       40,127  

Plus: Fixed charges, less preferred dividends

     369,119       391,247       397,602       409,980       405,773       118,467  

Plus: Current period amortization of interest capitalized in prior periods

     553       521       422       266       182       45  

Less: Capitalized interest

     (108     (304     (790     (961     (1,059     (224
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Earnings

     312,345       375,803       230,639       496,585       521,786       158,415  

Fixed Charges:

            

Interest Expense—cash

     249,051       292,600       322,366       329,171       323,749       88,923  

Capitalized interest

     108       304       790       961       1,059       224  

Interest Expense—non cash

     49,085       27,112       1,505       2,203       2,879       733  

Amortization of debt issue costs

     15,560       17,572       19,154       21,136       21,940       5,388  

Interest component of operating leases

     55,315       53,659       53,787       56,509       56,146       23,199  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Charges

     369,119       391,247       397,602       409,980       405,773       118,467  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Deficiency

   $ (56,775   $ (15,443   $ (166,962     —         —         —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

     —         —         —         1.21       1.29       1.34