EX-12.1 3 d277455dex121.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,     Nine months
ended
June 30, 2016		  
     2011     2012     2013     2014     2015    

Income before income taxes

    $ 324,847      $ 313,304      $ 404,801      $ 397,293      $ 478,970      $ 306,837   

Fixed charges

      12,748        39,360        58,103        71,803        74,551        63,533   

Capitalized interest

      (8,218 )      (32,900 )      (33,200 )      (30,000 )      (22,000 )      (13,000 ) 

Earnings

    $ 329,377      $ 319,764      $ 429,704      $ 439,096      $ 531,521      $ 357,370   

Ratio of earnings to fixed charges

      25.8x        8.1x        7.4x        6.1x        7.1x        5.6x   

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.