EX-12 3 ex12.htm STMT OF COMPUTATION OF RATIO OF EARNINGS ex12.htm

EXHIBIT 12

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(in thousands, except ratio of earnings to fixed charges and preferred stock dividends)
               
               
     
Year Ended September 30,
     
2009
2008
2007
2006
2005
               
Earnings:
              
               
Income before income taxes
  
$248,774
$386,854
$392,224
$342,066
$247,971
Fixed charges
    
75,401
409,300
514,543
309,759
129,894
Less: Preferred stock dividends
  
-
-
-
-
-
               
Earnings
    
$324,175
$796,154
$906,767
$651,825
$377,865
               
Fixed charges:
              
               
Interest expense
    
$56,953
$392,229
$499,664
$296,670
$117,789
Estimated interest portion within rental expense
18,416
17,071
14,879
13,089
12,105
Amortization of debt issuance cost
  
32
-
-
-
-
Preferred stock dividends
  
-
-
-
-
-
               
Total fixed charges
    
$75,401
$409,300
$514,543
$309,759
$129,894
               
Ratio of earnings to fixed charges
            
    and preferred stock dividends
  
4.30
1.95
1.76
2.10
2.91
               
We calculated our ratio of earnings to fixed charges and preferred stock dividends by adding income before income taxes plus fixed charges minus preferred stock dividends and dividing that sum by our fixed charges. Our fixed charges for this ratio consist of interest expense, the portion of our rental expense deemed to represent interest (calculated as one third of rental expense), amortization of debt issuance costs and preferred stock dividends.
               
               



 
150