EX-12.1 5 c72495_ex12-1.htm

 

Exhibit 12.1

 

Statements re: Computation of Ratios

 

   
    For the Year Ended December 31,
  nine months ended
September 30, 2012
2011 2010 2009 2008 2007
             
Income before income taxes and income from equity method investment in affiliate 1,077,444 402,372 1,299,769 1,996,104 372,157 423,254
Add: Fixed charges (interest expense) 1,147,295 1,362,721 1,163,332 1,295,762 1,888,912 1,926,465
Earnings as adjusted 2,224,739 1,765,093 2,463,101 3,291,866 2,261,069 2,349,719
Fixed charges (interest expense) + preferred stock dividends 1,167,108 1,379,575 1,181,365 1,314,263 1,910,089 1,947,958
Ratio of earnings to combined fixed charges and preferred stock dividends 1.91 1.28 2.08 2.50 1.18 1.21
Ratio of earnings to fixed charge 1.94 1.30 2.12 2.54 1.20 1.22