EX-12.1 5 f73251ex12-1.txt EXHIBIT 12.1 1 EXHIBIT 12.1 COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (AMOUNTS IN THOUSANDS)
THREE MONTHS ENDED YEAR ENDED DECEMBER 31, MARCH 31 ------------------------------------------------------------ -------------------- 1996 1997 1998 1999 2000 2000 2001 -------- ------- -------- -------- -------- ------- -------- Income before income taxes and cumulative effects of accounting changes .. $309,153 $ 6,001 $(50,931) $128,821 $415,586 $65,393 $ 87,522 -------- ------- -------- -------- -------- ------- -------- Fixed charges: Interest expense and amortization of debt issuance costs ..................... $ 12,851 $31,155 $ 47,577 $ 49,903 $ 54,185 $11,923 $ 13,422 Interest portion of leases ................ 2,467 2,529 2,665 3,104 5,998 1,499 1,059 -------- ------- -------- -------- -------- ------- -------- Total fixed charges(B) ...................... $ 15,318 $33,684 $ 50,242 $ 53,007 $ 60,183 $13,422 14,481 ======== ======= ======== ======== ======== ======= ======== Income before income taxes and cumulative effects of accounting changes plus fixed charges(A) ............. $324,471 $39,685 $ (689) $181,828 $475,769 $78,815 $102,003 -------- ------- -------- -------- -------- ------- -------- Ratio of earnings to fixed charges (A/B) ..................................... 21.18x 1.18x -- 3.43x 7.91x 5.87x 7.04X