EX-99.2 3 d379272dex992.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 99.2

 

                                   Six Months Ended  
     Fiscal Year Ended September 30,           March 31,  
     2007     2008     2009     2010     2011     2011     2012  
                                   unaudited  

Earnings

            

Earnings (loss) before income taxes

     (536,072     (710,188     (181,781     (147,925     (196,818     (105,069     (73,751

Plus: Fixed charges

     154,502        145,345        137,533        130,760        134,490        66,938        65,683   

Less: Capitalized interest

     (148,444     (84,474     (50,451     (53,102     (57,378     (27,322     (26,801

Add: Interest amortized to COS

     127,530        112,262        54,714        52,243        46,382        15,173        25,479   

Add: Interest impaired to COS

     12,350        13,795        3,376        2,313        1,907        1,409        53   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available for fixed charges

     (390,134     (523,260     (36,609     (15,711     (71,417     (48,871     (9,337
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges

     154,502        145,345        137,533        130,760        134,490        66,938        65,683   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Ratio of Earnings to Fixed Charges

     (a     (a     (a     (a     (a     (a     (a
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

(a) Earnings for the fiscal years ended September 30, 2007, 2008, 2009, 2010 and 2011 and the six months ended March 31, 2011 and 2012 were insufficient to cover fixed charges by $390 million, $523 million, $37 million, $16 million, $71 million, $49 million and $9 million, respectively.