EX-12 6 dex12.txt RATIO OF EARNINGS TO FIXED CHARGES EXHIBIT 12 Ratio of Earnings to Fixed Charges
(In thousands except ratios) Nine Months Ending 30-September-01 --------------- Earnings available for fixed charges: Earnings (loss) before income taxes $101,942 Less: Equity earnings (loss) of minority-owned companies (653) Add: Dividends received from investees under the equity method 75 Add: Minority interest expense in majority-owned subsidiaries 55 Add: Fixed charges before capitalized interest 68,983 Add: Amortization of capitalized interest 5,691 -------- Total earnings available for fixed charges $177,399 ======== Fixed charges: Interest expense $ 55,132 Interest portion of rental expense 13,694 Amortization of discount related to indebtedness 157 -------- Total fixed charges before capitalized interest 68,983 Capitalized interest 1,700 -------- Total fixed charges $ 70,683 ======== Ratio of earnings to fixed charges 2.51 ========