EX-12.01 3 c73849exv12w01.txt STATEMENT OF COMPUTATION OF RATIOS OF EARNINGS EXHIBIT 12.01 CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
---------------------------------------------------------------------------- For the Nine Months Ended For the Year Ended For the Year Ended September 30, December 31, December 31, 2002 2001 2000 ---------------------------------------------------------------------------- Fixed Charges: Interest Expense 22,012 21,292 19,740 Capitalized Interest - - 1,913 A/R Securitization Costs 3,870 2,228 7,060 Total Interest in Rent Expense 1,365 3,193 1,459 Pre-Tax Preferred Dividend Requirements - - - --------- --------- --------- Total Fixed Charges 27,247 26,713 30,172 Earnings: Additions: Income (Loss) before Taxes (56,532) (275,025) (11,050) Fixed Charges 27,247 26,713 30,172 Amort. of Capitalized Interest 55 162 30 Distributed Income of Equity Investees - - - Pre-Tax Losses of Equity Investees - 7,668 3,050 --------- --------- --------- (29,230) (240,482) 22,202 Subtractions: Interest Capitalized - - 1,913 Pre-Tax Preferred Dividend Requirements - - - Minority Interest in Pre-Tax of Subs that - - - have not incurred fixed charges --------- --------- --------- - - 1,913 --------- --------- --------- (29,230) (240,482) 20,289 Ratio of Earnings to Fixed Charges (1.07) (9.00) 0.67 Earnings Deficiency ($000's) 56,477 267,195 9,883 ---------------------------------------------------------------------------- -------------------------------------------------------------------- For the Year Ended For the Year Ended For the Year Ended December 31, December 31, December 31, 1999 1998 1997 -------------------------------------------------------------------- Fixed Charges: Interest Expense 12,695 14,843 16,100 Capitalized Interest - - - A/R Securitization Costs 5,804 - - Total Interest in Rent Expense 1,164 641 390 Pre-Tax Preferred Dividend Requirements - - - -------- -------- -------- Total Fixed Charges 19,663 15,484 16,490 Earnings: Additions: Income (Loss) before Taxes 64,733 38,497 25,790 Fixed Charges 19,663 15,484 16,490 Amort. of Capitalized Interest - - - Distributed Income of Equity Investees - - - Pre-Tax Losses of Equity Investees 4,000 3,100 400 -------- -------- -------- 88,396 57,081 42,680 Subtractions: Interest Capitalized Pre-Tax Preferred Dividend Requirements - - - Minority Interest in Pre-Tax of Subs that - - - have not incurred fixed charges -------- -------- -------- - - - -------- -------- -------- 88,396 57,081 42,680 Ratio of Earnings to Fixed Charges 4.50 3.69 2.59 Earnings Deficiency ($000's) - - - --------------------------------------------------------------------
EXHIBIT 12.01 CALCULATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
--------------------------------------------------------------------------- For the Nine Months Ended For the Year Ended For the Year Ended September 30, December 31, December 31, 2002 2001 2000 --------------------------------------------------------------------------- Fixed Charges: Interest Expense 22,012 21,292 19,740 Capitalized Interest - - 1,913 A/R Securitization Costs 3,870 2,228 7,060 Total Interest in Rent Expense 1,365 3,193 1,459 Pre-Tax Preferred Dividend Requirements 1,641 2,186 3,120 -------- --------- -------- Total Fixed Charges 28,888 28,899 33,292 Earnings: Additions: Income (Loss) before Taxes (56,532) (275,025) (11,050) Fixed Charges 28,888 28,899 33,292 Amort. of Capitalized Interest 55 162 30 Distributed Income of Equity Investees - - - Pre-Tax Losses of Equity Investees - 7,668 3,050 -------- --------- -------- (27,589) (238,296) 25,322 Subtractions: Interest Capitalized - - 1,913 Pre-Tax Preferred Dividend Requirements 1,641 2,186 3,120 Minority Interest in Pre-Tax of Subs that - - - have not incurred fixed charges -------- --------- -------- 1,641 2,186 5,033 -------- --------- -------- (29,230) (240,482) 20,289 Ratio of Earnings to Fixed Charges (1.01) (8.32) 0.61 Earnings Deficiency ($000's) 58,118 269,381 13,003 --------------------------------------------------------------------------- ---------------------------------------------------------------- For the Year Ended For the Year Ended For the Year Ended December 31, December 31, December 31, 1999 1998 1997 ---------------------------------------------------------------- Fixed Charges: Interest Expense 12,695 14,843 16,100 Capitalized Interest - - - A/R Securitization Costs 5,804 - - Total Interest in Rent Expense 1,164 641 390 Pre-Tax Preferred Dividend Requirements 3,497 2,303 1,258 -------- -------- -------- Total Fixed Charges 23,160 17,787 17,748 Earnings: Additions: Income (Loss) before Taxes 64,733 38,497 25,790 Fixed Charges 23,160 17,787 17,748 Amort. of Capitalized Interest - - - Distributed Income of Equity Investees - - - Pre-Tax Losses of Equity Investees 4,000 3,100 400 -------- -------- -------- 91,893 59,384 43,938 Subtractions: Interest Capitalized - - - Pre-Tax Preferred Dividend Requirements 3,497 2,303 1,258 Minority Interest in Pre-Tax of Subs that - - - have not incurred fixed charges -------- -------- -------- 3,497 2,303 1,258 -------- -------- -------- 88,396 57,081 42,680 Ratio of Earnings to Fixed Charges 3.82 3.21 2.40 Earnings Deficiency ($000's) - - - ----------------------------------------------------------------