EX-12.1 4 0004.txt COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges (in millions, except ratios) Year Ended December 31 ----------------------------------------------------------------- 2000 1999 1998 1997 1996 ---- ---- ---- ---- ---- Income before income taxes............... //$503.1 $314.6 $251.8 $ 194.6 $127.8 Fixed charges: Interest expense and amortization of financing costs.............................. $103.8 $ 66.9 $ 11.8 $ 3.6 $ 3.0 Portion of rent expense representing interest.............. 50.7 35.4 9.1 7.4 6.3 -------- ------- ------ ------- ------ Total fixed charges excluding capitalized interest............... 154.5 102.3 20.9 11.0 9.3 Capitalized interest............... -- -- 0.7 0.3 0.2 -------- ------- ------ ------- ------ Total fixed charges................ $154.5 $102.3 $ 21.6 $ 11.3 $ 9.5 ====== ====== ======= ======= ====== Income before income taxes and fixed charges.................. $657.6 $416.9 $272.7 $205.6 $137.1 Ratio of earnings to fixed charges............................ 4.3 4.1 12.6 18.2 14.4
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