EX-12.1 5 d594294dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

Computation of Ratio of Earnings to Fixed Charges

The following table sets forth our ratio of earnings to fixed charges for the periods indicated. All amounts are in thousands, except for the ratio of earnings to fixed charges.

 

     Six Months
Ended

June 30,
    Year Ended December 31,  
     2013     2012     2011     2010     2009      2008  
     (in thousands)  

Income before income taxes

   $ 407,990      $ 789,692      $ 760,009      $ 609,473      $ 493,489       $ 474,201   

Interest expense

     19,849        38,902        34,533        30,541        23,643         18,889   

(Net income)/loss attributable to noncontrolling interest

     (6,277     (10,161     (12,068     (9,469     1,834         0   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Adjusted Earnings

   $ 421,562      $ 818,433      $ 782,474      $ 630,545      $ 518,966       $ 493,090   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

    

 

 

 

Fixed Charges

   $ 19,849      $ 38,902      $ 34,533      $ 30,541      $ 23,643       $ 18,889   

Ratio of Earnings to Fixed Charges

     21.2x        21.0x        22.7x        20.6x        22.0x         26.1x