EX-12 3 g25444exv12.htm EX-12 exv12
Exhibit 12
STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(DOLLARS IN THOUSANDS)
         
    Six Months  
    Ended June 30,  
    2011  
Earnings
       
Income from continuing operations before provision for income taxes
  $ 273,392  
Income from equity investees
    (30,151 )
Distributed income from equity investees
    22,606  
Interest and amortization of deferred finance costs
    326,448  
Amortization of capitalized interest
    2,743  
Implicit rental interest expense
    31,400  
 
     
Total Earnings
  $ 626,438  
 
     
 
Fixed Charges
       
Interest and amortization of deferred finance costs
  $ 326,448  
Capitalized interest
    9,830  
Implicit rental interest expense
    31,400  
 
     
Total fixed charges
  $ 367,678  
 
     
 
Ratio of earnings to fixed charges
    1.70 x