EX-12.1 3 v17572exv12w1.txt EXHIBIT 12.1 . . . EXHIBIT 12.1 PLUM CREEK TIMBER COMPANY, INC. RATIO OF EARNINGS TO FIXED CHARGES
Years Ending December 31, -------------------------------------------------------------------------------- (In Millions) 2005 2004 2003 2002 2001 -------------------------------------------------------------------------------- Consolidated pretax income from continuing operations $339 $366 $186 $235 $196 Amortization of capitalized interest -- -- -- -- -- Interest 112 111 118 105 76 Less interest capitalized during the period -- -- -- -- -- Net amortization of debt discount and premium and issuance expense 6 7 8 8 2 Interest portion of rental expense 1 1 1 1 -- ---------------------------------------- Earnings $458 $485 $313 $349 $274 ======================================== Interest $112 $111 $118 $105 $ 76 Net amortization of debt discount and premium and issuance expense 6 7 8 8 2 Interest portion of rental expense 1 1 1 1 -- ---------------------------------------- Fixed Charges $119 $119 $127 $114 $ 78 ---------------------------------------- Ratio of Earnings to Fixed Charges 3.8 4.1 2.5 3.1 3.5 ========================================