EX-12.2 5 dex122.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES OF THE COMPANY Computation of Ratio of Earnings to Fixed Charges of the Company

Exhibit 12.2

Computation of Ratio of Earnings to Fixed Charges

 

     September 30, 2007    September 30, 2006
(in thousands)   

Nine

Months

   

Nine

Months

Earnings

      

Earnings from operations before taxes on income

    $ 1,397,532    $ 1,078,745

Fixed charges

      93,483      69,560
             

Total Earnings

    $ 1,491,015    $ 1,148,305
             

Fixed Charges (Note)

      

Interest expense

    $ 42,826    $ 22,500

Portion of rental payments deemed to be interest

      50,657      47,060
             

Total Fixed Charges

    $ 93,483    $ 69,560
             

Ratio of Earnings to Fixed Charges

      15.9      16.5