EX-12 3 h10664exv12.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES . . . EXHIBIT 12 RATIO OF EARNINGS TO FIXED CHARGES COMPUTATION (IN THOUSANDS EXCEPT RATIO OF EARNINGS TO FIXED CHARGES)
Nine Months Ended September 30, 2003 ------------------ EARNINGS: Earnings before income taxes and minority interest $ 40,845 Portion of rents representative of interest expense 5,566 Interest on indebtedness, including amortization of deferred loan costs 95,296 Amortization of capitalized interest 2,763 Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges (2,037) ------------- Earnings as adjusted $ 142,433 ------------- FIXED CHARGES: Portion of rents representative of the interest factor $ 5,566 Interest on indebtedness, including amortization of deferred loan costs 95,296 Capitalized interest 902 ------------- Total fixed charges $ 101,764 ------------- RATIO OF EARNINGS TO FIXED CHARGES 1.4x -------------