EX-12 6 d260326dex12.htm EX-12 EX-12

Exhibit 12

STATEMENT RE: COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(DOLLARS IN THOUSANDS)

 

     Year Ended December 31,  
     2007     2008     2009     2010     2011  

Earnings

          

Income from continuing operations before provision for income taxes and extraordinary item

   $ 111,858      $ 366,287      $ 447,662      $ 518,894      $ 473,547   

Income from equity investees

     (25,136     (42,073     (36,531     (45,443     (49,491

Distributed income from equity investees

     19,902        32,897        33,705        33,882        39,995   

Interest and amortization of deferred finance costs

     356,488        643,397        643,608        647,593        644,410   

Amortization of capitalized interest

     881        1,468        2,021        2,421        2,882   

Implicit rental interest expense

     36,696        55,440        59,384        62,116        63,695   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Earnings

   $ 500,689      $ 1,057,416      $ 1,149,849      $ 1,219,463      $ 1,175,038   

Fixed Charges

          

Interest and amortization of deferred finance costs

   $ 356,488      $ 643,397      $ 643,608      $ 647,593      $ 644,410   

Capitalized interest

     19,009        22,087        16,649        11,316        20,998   

Implicit rental interest expense

     36,696        55,440        59,384        62,116        63,695   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total Fixed Charges

   $ 412,193      $ 720,924      $ 719,641      $ 721,025      $ 729,103   

Ratio of earnings to fixed charges

     1.21     1.47     1.60     1.69     1.61