EX-12.1 7 d04254exv12w1.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 Fiscal Period Year Year Ended Ended Ended December 31, December 31, March 31, 2002 2001 2000 1999 1999 ---- ---- ---- ---- ---- (In thousands, except for ratios) Earnings: Income (loss) from continuing operations before provision for income taxes and extraordinary item $ (771,141) $ 85,907 $ (14,229) $ 32,503 $ 176,794 Minority interest - - - - (3,516) Equity in undistributed earnings (losses) of affiliates 1,053 (3,418) 18,624 11,165 9,218 Interest expense 15,124 39,663 43,605 35,743 63,240 Portion of rents representative of the interest factor 15,011 14,442 14,418 11,385 31,989 ----------------------------------------------------------------------- $ (739,953) $ 136,594 $ 62,418 $ 90,796 $ 277,725 ----------------------------------------------------------------------- Fixed charges: Interest expense, including amount capitalized 17,947 41,040 45,994 37,679 63,818 Portion of rents representative of the interest factor 15,011 14,442 14,418 11,385 31,989 ----------------------------------------------------------------------- $ 32,958 $ 55,482 $ 60,412 $ 49,064 $ 95,807 ----------------------------------------------------------------------- Ratio of earnings to fixed charges - 2.46x 1.03x 1.85x 2.90x =======================================================================