EX-12 7 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

Exhibit 12

Computation of Ratio of Earnings to Fixed Charges

(In Thousands)

 

     Twelve Months Ended December 31,  
     2010     2009     2008     2007     2006  

Earnings:

          

Income from continuing operations before income taxes

     467,913        788,345        725,595        428,957        550,920   

Fixed charges, as shown below

     249,804        69,277        69,402        61,336        50,227   

Equity in income of investees

     (21,428     (15,707     (11,140     (6,551     (1,201

Minority Interest—Gas

     (11,845     (27,425     (43,191     (25,038     (29,608
                                        

Adjusted Earnings (Loss)

     684,444        814,490        740,666        458,704        570,338   
                                        

Fixed charges:

          

Interest on indebtedness, expensed or capitalized

     218,425        43,290        48,345        45,414        35,818   

Interest within rent expense

     31,379        25,987        21,057        15,922        14,409   
                                        

Total Fixed Charges

     249,804        69,277        69,402        61,336        50,227   
                                        

Ratio of Earnings to Fixed Charges

     2.74        11.76        10.67        7.48        11.36