exv12w1

EXHIBIT 12.1

Statement of computation of ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends



	Three months
	ended
	March 31,			Year ended December 31,
	2009			2008			2007			2006			2005			2004


EARNINGS AVAILABLE FOR FIXED CHARGES:
Net Income	$	158,710		$	2,436,919		$	1,089,918		$	1,299,885		$	1,259,576		$	624,855
Less: Capitalized Interest Expense		(12,768	)		(42,628	)		(29,324	)		(19,900	)		(14,596	)		(9,631	)
Add: Fixed Charges		37,936			117,568			96,228			80,050			90,933			83,264
Income Tax Provision		106,065			1,309,620			540,950			612,756			705,561			301,157


TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES	$	289,943		$	3,821,479		$	1,697,772		$	1,972,791		$	2,041,474		$	999,645


FIXED CHARGES:
Interest Expense	$	17,751		$	49,899		$	45,628		$	43,158		$	62,506		$	63,128
Capitalized Interest		12,768			42,628			29,324			19,900			14,596			9,631
Capitalized Expense Related to Indebtedness		625			1,759			1,150			1,655			2,381			1,994
Rental Expense Representative of Interest Factor		6,792			23,282			20,126			15,337			11,450			8,511


TOTAL FIXED CHARGES		37,936			117,568			96,228			80,050			90,933			83,264
Preferred Stock Dividends on a Pre-tax Basis		–			681			9,970			16,179			11,595			16,142


COMBINED TOTAL FIXED CHARGES AND PREFERRED STOCK DIVIDENDS	$	37,936		$	118,249		$	106,198		$	96,229		$	102,528		$	99,406


RATIO OF EARNINGS TO FIXED CHARGES		7.64			32.50	⁽¹⁾		17.64			24.64			22.45			12.01


RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS		7.64			32.32	⁽¹⁾		15.99			20.50			19.91			10.06


(1)		These ratios for the year ended December 31, 2008 differ from the corresponding ratios set forth in Exhibit 12 to the Company’s Annual Report on Form 10-K for the year ended December 31, 2008 (the 2008 Form 10-K) due to an adjustment to the previously disclosed Interest Expense amount for the year ended December 31, 2008 in such Exhibit 12 to the 2008 Form 10-K.