EX-12.1 2 dex121.htm STATEMENT REGARDING COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES Statement regarding computation of Ratios of Earnings to Fixed Charges

Exhibit 12.1

 

    Three Months
Ended March
31,
    Year ended December 31,  
    2006     2005     2005     2004     2003     2002     2001  
    Amounts in 000's  

EARNINGS AS DEFINED:

             

Income (Loss) From Continuing Operations After Interest Charges

  $ 13,272     $ 12,137     $ 52,074     $ 18,577     ($ 23,275 )   ($ 13,968 )   $ 22,743  

Income Taxes

    7,672       7,055       28,379       325       (12,237 )     (4,491 )     10,260  
                                                       

Income (Loss) From Continuing Operations before Income Taxes

    20,944       19,192       80,453       18,902       (35,512 )     (18,459 )     33,003  

Fixed Charges

    19,627       19,105       72,652       67,685       101,514       79,303       68,305  

Capitalized Interest

    (630 )     (290 )     (1,504 )     (2,849 )     (3,276 )     (1,858 )     (660 )

Total

  $ 39,941     $ 38,007     $ 151,601     $ 83,738     $ 62,726     $ 58,986     $ 100,648  
                                                       
             

FIXED CHARGES AS DEFINED:

  $ 19,627     $ 19,105     $ 72,652     $ 67,685     $ 101,514     $ 79,303     $ 68,305  

Interest Expensed and Capitalized (1)

    —         —         —         —         —         —         —    
                                                       

Total

  $ 19,627       19,105       72,652     $ 67,685     $ 101,514     $ 79,303     $ 68,305  
                                                       

RATIO OF EARNINGS TO FIXED CHARGES

    2.04       1.99       2.09       1.24           1.47  

DEFICIENCY

  $ —       $ —       $ —       $ —       $ 38,788     $ 20,317     $ —    

(1) Includes amortization of premiums, discounts, and capitalized debt expense and interest component of rent expense.