EX-12.1 10 d13447exv12w1.txt RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12.1 RATIO OF EARNINGS TO FIXED CHARGES Our ratio of earnings to fixed charges is as follows:
NINE-MONTH PERIOD YEAR ENDED ENDED DECEMBER 31, DECEMBER 31, 2003 2002 2001 2000 1999 ---------- ---------- ---------- ---------- ------------ (IN THOUSANDS, EXCEPT FOR RATIOS) Earnings: Income (loss) from continuing operations before provision for income taxes and cumulative effect of accounting change $ (80,868) $ (773,560) $ 85,369 $ (15,838) $ 32,899 Minority interest (2,893) -- -- -- -- Equity in undistributed earnings (losses) of affiliates (706) 1,053 (3,418) 18,624 11,165 Interest expense 18,993 15,123 39,656 43,603 35,742 Portion of rents representative of the interest factor 15,810 15,011 14,442 14,418 11,385 ---------- ---------- ---------- ---------- ------------ $ (49,664) $ (742,373) $ 136,049 $ 60,807 $ 91,191 ---------- ---------- ---------- ---------- ------------ Fixed charges: Interest expense, including amount capitalized 20,591 17,946 41,033 45,992 37,678 Portion of rents representative of the interest factor 15,810 15,011 14,442 14,418 11,385 ---------- ---------- ---------- ---------- ------------ $ 36,401 $ 32,957 $ 55,475 $ 60,410 $ 49,063 ---------- ---------- ---------- ---------- ------------ Ratio of earnings to fixed charges -- -- 2.45x 1.01x 1.86x ========== ========== ========== ========== ============