EX-12 5 d246643dex12.htm EX-12 EX-12

Exhibit 12

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN THOUSANDS)

 

     Nine Months
Ended September 30,
2011
 

Earnings

  

Income from continuing operations before provision for income taxes

   $ 405,909   

Income from equity investees

     (38,345

Distributed income from equity investees

     30,557   

Interest and amortization of deferred finance costs

     485,928   

Amortization of capitalized interest

     2,839   

Implicit rental interest expense

     47,521   
  

 

 

 

Total Earnings

   $ 934,409   
  

 

 

 

Fixed Charges

  

Interest and amortization of deferred finance costs

   $ 485,928   

Capitalized interest

     16,571   

Implicit rental interest expense

     47,521   
  

 

 

 

Total fixed charges

   $ 550,020   
  

 

 

 

Ratio of earnings to fixed charges

     1.70x