EX-12.1 3 d36446exv12w1.htm STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES exv12w1
 

Exhibit 12.1
                                                 
    Three Months                
    Ended     Twelve Months Ended December 31,  
    March 31, 2006     2005     2004     2003     2002     2001  
                                     
Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees
  $ 180,570     $ 361,507     $ 155,635     $ 184,101     $ 240,775     $ 348,428  
                                       
 
                                               
Fixed charges:
                                               
Interest expense and amortization of debt issuance costs and debt discount and premium on all indebtedness
    12,479       19,786       34,389       40,291       42,622       47,752  
Interest Capitalized
    6,876       13,989                          
Rentals
    298       1,668       1,632       1,346       1,229       1,269  
                                       
Total fixed charges
  $ 19,653     $ 35,443     $ 36,021     $ 41,637     $ 43,851     $ 49,021  
                                       
 
                                               
Pre-tax income (loss) from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees plus fixed charges and amortization of capitalized interest less interest capitalized
  $ 193,803     $ 384,788     $ 193,483     $ 227,565     $ 286,454     $ 399,276  
 
                                   
 
                                               
Ratio of earnings to fixed charges
    9.9       10.9       5.4       5.5       6.5       8.1