EX-12.1 3 a2140148zex-12_1.htm EX-12.1
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Exhibit 12.1


COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Unaudited)

 
   Six Months Ended
June 30,
   Years Ended
December 31,
 
   2004
   2003
   2002
   2001
   2000
   1999
 
   (In Thousands)
EARNINGS                          
  Earnings from continuing operations before income taxes, amortization of capitalized interest and net equity in undistributed earnings of subsidiaries   $ 75,223   147,108   33,315   188,380   141,271   17,063
  Add fixed charges (excluding portion capitalized)     27,626   52,119   52,948   52,768   62,156   41,914
   
 
 
 
 
 
  Earnings available for fixed charges     102,849   199,227   86,263   241,148   203,427   58,977
FIXED CHARGES                          
  Interest cost and amortization of debt costs and discounts     26,031   49,341   50,433   50,021   62,516   40,312
  Portion of rental cost equivalent to interest (estimated to be one- third of rental cost)     2,298   4,742   3,885   4,861   3,677   2,650
   
 
 
 
 
 
  Total fixed charges   $ 28,329   54,083   54,318   54,882   66,193   42,962
   
 
 
 
 
 
Ratio of earnings to fixed charges     3.6   3.7   1.6   4.4   3.1   1.4



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COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES (Unaudited)