EX-12.1 2 a50573546ex12-1.htm EXHIBIT 12.1 Unassociated Document
Exhibit 12.1


Ratio of Earnings To Combined Fixed Charges And Preferred Stock Dividends and Ratio of Earnings To Fixed Charges (Unaudited)

The following table sets forth the calculation of our ratio of earnings to combined fixed charges and preferred stock dividends for the years shown (dollars in thousands):

   
For the Years Ended December 31,
 
   
2012
   
2011
   
2010
   
2009
   
2008
 
                               
Net income before income taxes and noncontrolling interest
    1,771,812       402,372       1,299,769       1,996,104       372,157  
                                         
Add:  Fixed charges (Interest expense)
    1,560,941       1,362,721       1,163,332       1,295,762       1,888,912  
                                         
Earnings as adjusted
    3,332,753       1,765,093       2,463,101       3,291,866       2,261,069  
                                         
Fixed charges (interest expense) + preferred stock dividend
    1,600,471       1,379,575       1,181,365       1,314,263       1,910,089  
                                         
Ratio of earnings to combined fixed charges and preferred stock dividends
    2.08       1.28       2.08       2.50       1.18  
                                         
Ratio of earnings to fixed charges
    2.14       1.30       2.12       2.54       1.20