| Quarters Ended |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nine Months Ended September 30, |
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| September 30, 2013 |
June 30, 2013 |
September 30, 2012 |
2013 |
2012 |
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Earnings: |
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Net income
(loss) |
$ | 199.6 | $ | 183.6 | $ | (299.2 | ) | $ | 545.8 | $ | (799.1 | ) | |||||||||||
Provision for
income taxes |
13.9 | 32.2 | 3.9 | 61.3 | 89.6 | ||||||||||||||||||
Income (loss)
before provision for income taxes |
213.5 | 215.8 | (295.3 | ) | 607.1 | (709.5 | ) | ||||||||||||||||
Fixed
Charges: |
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Interest and
debt expenses on indebtedness |
278.0 | 281.4 | 816.0 | 851.3 | 2,530.8 | ||||||||||||||||||
Interest factor:
one-third of rentals on real and personal properties |
1.8 | 1.7 | 1.3 | 6.2 | 5.2 | ||||||||||||||||||
Total fixed
charges for computation of ratio |
279.8 | 283.1 | 817.3 | 857.5 | 2,536.0 | ||||||||||||||||||
Total earnings
before provision for income taxes and fixed charges |
$ | 493.3 | $ | 498.9 | $ | 522.0 | $ | 1,464.6 | $ | 1,826.5 | |||||||||||||
Ratios of
earnings to fixed charges |
1.76x | 1.76x | (1) | 1.71x | (1) | ||||||||||||||||||
(1) |
Earnings were insufficient to cover fixed charges by $295.3 million and $709.5 million for the quarter and nine months ended September 30, 2012, respectively. |