EX-12 10 d429382dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN THOUSANDS)

 

 

           Nine Months Ended      

 

September 30, 2012

 

Earnings

  

Income from continuing operations before provision for income taxes

     $ 381,681    

Income from equity investees

     (32,613)   

Distributed income from equity investees

     19,484    

Interest and amortization of deferred finance costs

     462,347    

Amortization of capitalized interest

     3,479    

Implicit rental interest expense

     50,581    
  

 

 

 

Total Earnings

     $ 884,959    
  

 

 

 

Fixed Charges

  

Interest and amortization of deferred finance costs

     $ 462,347    

Capitalized interest

     20,766    

Implicit rental interest expense

     50,581    
  

 

 

 

Total Fixed Charges

     $ 533,694    
  

 

 

 

Ratio of earnings to fixed charges

     1.66x