EX-12.1 8 a2148819zex-12_1.txt EXHIBIT 12.1 EXHIBIT 12.1
Computation of Ratio of Earnings to Fixed Charges (Dollars in thousands) NINE MONTHS YEAR YEAR YEAR YEAR JULY 9, 1999 ENDED ENDED ENDED ENDED ENDED TO 9/30/04 2003 2002 2001 2000 DECEMBER 31, 1999 ----------- ------ ------ ------ ------ ----------------- Income before allocation to minority interests and preferred distributions $ 30,517 $ 37,284 $ 12,668 $ 10,529 $ 23,625 $ 13,404 ----------- -------- -------- -------- -------- ---------- Fixed Charges: Interest expense (including financing amortization) 57,155 69,415 72,312 90,342 35,517 2,032 Interest capitalized - - 151 65 - 50 Interest portion of rent expense 33% 1,585 - - - - - ----------- -------- -------- -------- -------- ---------- Fixed Charges 58,740 69,415 72,463 90,407 35,517 2,082 ----------- -------- -------- -------- -------- ---------- Net income before fixed charges 89,257 106,699 85,131 100,936 59,142 15,436 Divided by fixed charges 58,740 69,415 72,463 90,407 35,517 2,082 ----------- -------- -------- -------- -------- ---------- Ratio of earnings to fixed charges 1.52 1.54 1.17 1.12 1.67 7.41 ----------- -------- -------- -------- -------- ----------