EX-12.1 12 v037653_ex12-1.htm
   
 Years ended December 31,
                       
($000)
  
2005
 
2004
 
2003
 
2002
 
2001
 
Earnings:
                      
Pretax income (loss) from continuing operations
    
(13,889
)
  
3,688
   
13,726
   
3,750
   
1,881
 
Fixed Charges
    
60,104
   
16,012
   
3,266
   
1,673
   
1,289
 
Distributed income of equity investees
    
17,268
   
7,605
   
21,565
   
1,589
   
790
 
Total Earnings
    
63,483
   
27,305
   
38,557
   
7,012
   
3,960
 
                                 
Fixed Charges:
                                
Interest Expense
    
60,104
   
16,012
   
3,266
   
1,673
   
1,289
 
Amortized premiums & discounts related to indebtedness
    
-
   
-
   
-
   
-
   
-
 
Capitalized expenses related to indebtedness
    
-
   
-
   
-
   
-
   
-
 
Capitalized Interest
    
-
   
-
   
-
   
-
   
-
 
Preference security dividends
    
-
   
-
   
-
   
-
   
-
 
Total Fixed Charges
    
60,104
   
16,012
   
3,266
   
1,673
   
1,289
 
                                 
Ratio of earnings to fixed charges
    
1.06
   
1.71
   
11.81
   
4.19
   
3.07
 
                                 
Preference security dividends
    
-
   
-
   
-
   
-
   
-
 
                                 
Ratio of earnings to fixed charges and preference security dividends
    
1.06
   
1.71
   
11.81
   
4.19
   
3.07
 


   
6 months ended
June 30, 2005
  
3 months ended
March 31, 2005
  
2004
  
2003
  
2002
  
2001
  
2000
  
Fixed Charges:
                              
+ Interest Expense
    
-
   
11,689,738
   
16,012,518
   
3,266,438
   
1,673,108
   
1,288,780
   
476,000
 
+ Capitalized Interest
    
-
   
-
   
-
   
-
   
-
   
-
   
-
 
+ Amortized premiums & discounts related to indebtedness
    
40,417
   
6,736
   
-
   
-
   
-
   
-
   
-
 
+ Capitalized expenses related to indebtedness
    
-
   
808,342
   
-
   
-
   
-
   
-
   
-
 
+ Interest within rent expense
    
-
   
-
   
-
   
-
   
-
   
-
   
-
 
+ Preference security dividends
    
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Total Fixed Charges
    
40,417
   
12,504,816
   
16,012,518
   
3,266,438
   
1,673,108
   
1,288,780
   
476,000
 
                                             
Earnings:
                                            
+ Pretax income from continuing operations
    
-
   
(2,727,560
)
  
3,687,571
   
13,726,076
   
3,750,279
   
1,881,318
   
526,750
 
+ Fixed Charges
    
40,417
   
12,504,816
   
16,012,518
   
3,266,438
   
1,673,108
   
1,288,780
   
476,000
 
+ Amortization of capitalized interest
    
-
   
-
   
-
   
-
   
-
   
-
   
-
 
+ Distributed income of equity investees
    
-
   
4,347,467
   
7,605,093
   
21,564,956
   
1,588,765
   
790,352
   
42,030
 
+ Pre-tax losses of equity investees
    
-
   
-
   
-
   
-
   
-
   
-
   
-
 
- Interest capitalized
    
-
   
-
   
-
   
-
   
-
   
-
   
-
 
- Preference security dividends of consolidated subsidiaries
    
-
   
-
   
-
   
-
   
-
   
-
   
-
 
- Minority interest in pre-tax income of subs…
    
-
   
-
   
-
   
-
   
-
   
-
   
-
 
Total Earnings
    
40,417
   
14,124,723
   
27,305,182
   
38,557,470
   
7,012,152
   
3,960,450
   
1,044,780
 
                                             
Ratio of Earnings to Fixed Charges
    
1.00
   
1.13
   
1.71
   
11.80
   
4.19
   
3.07
   
2.19
 
                                             
If ratio is less than 1, disclose dollar amount of deficiency
    
-
   
-
   
-
   
-
   
-
   
-
   
-