EX-12.1 4 y92656exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
                                                 
    Nine        
    Months Ended        
    September 30,     Year Ended December 31,  
    2011     2010     2009     2008     2007     2006  
    (Dollars in thousands, except ratios)  
Income before income taxes and cumulative effect of change in accounting principle, but after noncontrolling interests
    368,264       603,305       382,207       326,060       1,089,309       985,916  
Add:
                                               
Portion of rents representative of the interest factor
    7,484       9,979       9,356       7,934       7,146       6,449  
Interest expense
    84,317       106,969       87,989       84,623       88,996       92,522  
 
                                   
Income as adjusted
    460,065       720,253       479,552       418,617       1,185,451       1,084,887  
 
                                   
Fixed charges:
                                               
Interest expense
    84,317       106,969       87,989       84,623       88,996       92,522  
Portion of rents representative of the interest factor
    7,484       9,979       9,356       7,934       7,146       6,449  
 
                                   
Total
    91,801       116,948       97,345       92,557       96,142       98,971  
 
                                   
Ratio of Earnings to Fixed Charges
    5.0       6.2       4.9       4.5       12.3       11.0