EX-12.1 3 a2181561zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 
  2002
  2003
  2004
  2005
  2006
  Nine
Months
Ended
9/30/07

 
Interest expense, including amortization of debt issuance costs   $ 38,513   $ 38,568   $ 45,355   $ 41,007   $ 37,492   $ 33,835  
Capitalized interest     11,413     7,820     6,935     730     1,686     8,523  
  Fixed charges (a)     49,926     46,388     52,290     40,277     39,178     42,358  
Income before taxes and extraordinary items     124,477     75,437     475,033     360,626     631,555     473,646  
Amortization of capitalized interest     2,932     3,859     3,670     4,073     4,814     4,025  
Less capitalized interest     (11,413 )   (7,820 )   (6,935 )   (730 )   (1,686 )   (8,523 )
  Adjusted earnings (b)   $ 165,922   $ 117,864   $ 524,058   $ 404,245   $ 673,861   $ 511,506  
Ratio (b) / (a)     3.32 x   2.54 x   10.02 x   10.04 x   17.20 x   12.08 x



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COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES