EX-12.01 6 a18-1102_1ex12d01.htm EX-12.01

Exhibit 12.01

 

Computation of Ratio of Earnings to Fixed Charges

 

Earnings to Fixed Charges

 

 

 

Years ended December 31,

 

(Dollars in thousands)

 

2017

 

2016

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income before assessments

 

$

532,886

 

$

445,904

 

$

460,993

 

$

350,017

 

$

338,600

 

Fixed Charges

 

1,521,779

 

805,437

 

444,515

 

392,690

 

367,235

 

Total Earnings

 

$

2,054,665

 

$

1,251,341

 

$

905,508

 

$

742,707

 

$

705,835

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest Expense

 

$

1,520,779

 

$

804,437

 

$

443,515

 

$

391,690

 

$

366,235

 

Estimated interest component of other expenses

 

1,000

 

1,000

 

1,000

 

1,000

 

1,000

 

Total Fixed Charges

 

$

1,521,779

 

$

805,437

 

$

444,515

 

$

392,690

 

$

367,235

 

Ratio of Earnings to Fixed Charges

 

1.35

 

1.55

 

2.04

 

1.89

 

1.92

 

 

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