EX-12.1 8 tv485067_ex12-1.htm EXHIBIT 12.1

 

EXHIBIT 12.1

 

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS

 TO FIXED CHARGES

(In thousands)

                            

      2017   2016   2015   2014   2013    
                           
Earnings:                      
  Income (loss) before income tax provision  $     508,510    $       361,365    $    (126,286)    $     385,662    $     320,921    
  Plus:  fixed charges per below         132,502              97,645             69,775             70,194             80,197    
  Less: capitalized interest per below                      -                      -                      -                      -       
  Plus:  current period amortization of interest                      
    capitalized in prior periods                 49                    49                   49                   49                   49    
                           
  Total earnings  $     641,061    $       459,059    $     (56,462)    $     455,905    $     401,167    
                           
Fixed charges:                      
  Interest expense  $     125,297    $        92,709    $       64,236    $       64,674    $       73,579    
  Capitalized interest                      -                      -                      -                      -       
  Interest portion of rent expense            7,205                4,937              5,540              5,520              6,618    
                           
  Total fixed charges   $     132,502    $        97,645    $       69,776    $       70,194    $       80,197    
                           
Ratio of earnings to fixed charges                4.8                   4.7                (0.8)                  6.5                  5.0    
                           
Insufficient coverage  $             -       $               -       $     126,237    $             -       $             -