EX-12.1 3 a2211500zex-12_1.htm EX-12.1

Exhibit 12.1

 

STATEMENT REGARDING COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

For the nine

 

 

 

months ended

 

(dollars in thousands)

 

September 30, 2012

 

Income before income from unconsolidated entities, income taxes, discontinued operations and noncontrolling interest

 

$

185,436

 

 

 

 

 

Interest expense

 

 

 

Senior notes payable and other debt

 

217,475

 

Distributions from unconsolidated entities

 

5,656

 

Earnings

 

$

408,567

 

Interest

 

 

 

Senior notes payable and other debt expense

 

$

217,475

 

Interest capitalized

 

1,509

 

Fixed charges

 

$

218,984

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

1.87