EX-12 7 ex12.txt EXHIBIT 12 EXHIBIT (12) RATIO OF EARNINGS TO FIXED CHARGES
3 Months Ended Year Ended December 31, March 31, ----------------------------------------------------- ----------------- 1997 1998 1999 2000 2001 2001 2002 ---- ---- ---- ---- ---- ---- ---- EARNINGS Income from continuing operations before income taxes and minority interests 629,196 267,373 229,915 559,354 433,734 149,462 203,851 ADJUSTMENTS Fixed charges 170,936 228,439 258,801 306,248 301,486 81,765 71,326 Capitalized interest (2,491) (630) (2,184) (1,726) -- -- -- ----------------------------------------------------- ----------------- Numerator - earnings available for fixed charges 797,641 495,182 486,532 863,876 735,220 231,227 275,177 ===================================================== ================= FIXED CHARGES Interest expense 112,529 148,163 176,652 221,595 218,100 59,420 48,043 Capitalized interest 2,491 630 2,184 1,726 -- -- -- Interest component of rental expense 55,916 79,646 77,965 82,927 83,386 22,345 23,283 ----------------------------------------------------- ----------------- Denominator - fixed charges 170,936 228,439 256,801 306,248 301,486 81,765 71,326 ===================================================== ================= RATIO OF EARNINGS TO FIXED CHARGES 4.7 2.2 1.9 2.8 2.4 2.8 3.9