EX-12.1 6 a2178214zex-12_1.htm EXHIBIT 12.1
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Exhibit 12.1


Computation of Ratios of Earnings to Fixed Charges

 
  Three Months
ended March 31,
2007

  Year ended
December 31,
2006

  Year ended
December 31,
2005

  Period from
August 12, 2004
(Inception)
through
December 31,
2004

 
 
  (dollar amounts in thousands)

 
Earnings:                          
Income (loss) before equity in income of unconsolidated affiliate and income tax expense   $ 42,219   $ 130,574   $ 58,225   $ (6,937 )
  Add: Fixed charges from below     200,066     741,680     279,718     975  
   
 
 
 
 
Total earnings   $ 242,285   $ 872,254   $ 337,943   $ (5,962 )

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 
Interest expense(1)   $ 200,066   $ 741,680   $ 279,718   $ 975  
   
 
 
 
 
Total fixed charges   $ 200,066   $ 741,680   $ 279,718   $ 975  

Ratio of Earnings to Fixed Charges

 

 

1.2x

 

 

1.2x

 

 

1.2x

 

 

(2)

 

(1)
Includes amortization of capitalized expenses relating to indebtedness.

(2)
Fixed charges exceeded earnings by approximately $6.0 million for the period from August 12, 2004 (the date of inception) through December 31, 2004.



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Computation of Ratios of Earnings to Fixed Charges