EX-12.01 10 c72789exv12w01.htm EXHIBIT 12.01 Filed by Bowne Pure Compliance
 

Exhibit 12.01 Computation of Ratio of Earnings to Fixed Charges
Earnings to Fixed Charges
                                 
    Years ended December 31,  
(Dollars in thousands)   2007     2006     2005     2004  
 
                                
Earnings:
                                
Income before assessments
   $ 441,085     $ 388,525     $ 312,467     $ 221,543  
Fixed Charges
     4,276,118       3,934,129       2,726,073       1,658,480  
 
                        
 
                                
Total Earnings
   $ 4,717,203     $ 4,322,654     $ 3,038,540     $ 1,880,023  
 
                        
 
                                
Fixed Charges:
                                
Interest Expense
   $ 4,276,118     $ 3,934,129     $ 2,726,073     $ 1,658,480  
Estimated interest component of other expenses
     1,000       1,000       1,000       1,000  
 
                        
 
                                
Total Fixed Charges
   $ 4,277,118     $ 3,935,129     $ 2,727,073     $ 1,659,480  
 
                        
Ratio of Earnings to Fixed Charges
     1.10       1.10       1.11       1.13