EX-12.1 3 d145872dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands, except ratios)

 

     Years ended September 30,      Three months
ended
December 31, 2015		  
     2011      2012      2013      2014      2015     

Pre-tax income

    $ 324,847       $ 313,304       $ 404,801       $ 397,293       $ 478,970       $ 50,295   

Interest expense

      4,530         39,360         24,903         41,803         52,551         18,784   

Capitalized interest

      8,218         32,900         33,200         30,000         22,000         5,023   

Earnings

    $ 329,377       $ 319,764       $ 429,704       $ 439,096       $ 531,521       $ 69,079   

Ratio of earnings to fixed charges

      25.8x         4.4x         7.4x         6.1x         7.1x         2.9x   

For purposes of this table, “earnings” consists of income before income taxes plus fixed charges and less capitalized interest. “Fixed charges” consists of interest expense and capitalized interest.