EX-12.1 5 k48869exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(In millions, except ratio of earnings to fixed charges)
                                                 
    Two Month     Ten Month        
    Period Ended     Period Ended        
    December 31,     November 7,     Year Ended December 31,  
    2009     2009     2008     2007     2006     2005  
Consolidated income (loss) before provision (benefit) for income taxes, equity in net (income) loss of afffiliates and cumulative effect of a change in accounting principle
   $ (33.8 )   $ 927.6     $ (541.4 )   $ 323.2     $ (653.4 )   $ (1,128.6 )
Fixed charges
     15.3       177.5       226.9       235.9       254.4       228.6  
Distributed income of affiliates
     0.6       4.7       4.1       7.3       1.6       5.3  
 
                                    
Earnings
   $ (17.9 )   $ 1,109.8     $ (310.4 )   $ 566.4     $ (397.4 )   $ (894.7 )
 
                                    
 
                                                
Interest expense
   $ 11.1     $ 151.4     $ 190.3     $ 199.2     $ 209.8     $ 183.2  
Portion of lease expense representative of interest
     4.2       26.1       36.6       36.7       44.6       45.4  
 
                                    
Fixed charges
   $ 15.3     $ 177.5     $ 226.9     $ 235.9     $ 254.4     $ 228.6  
 
                                    
 
                                                
Ratio of Earnings to Fixed Charges (1)
     —       6.3       —       2.4       —       —  
 
                                                
Fixed Charges in Excess of Earnings
   $ 33.2     $ —     $ 537.3     $ —     $ 651.8     $ 1,123.3  
 
(1)   Earnings in the two month period ended December 31, 2009, and in the years ended 2008, 2006 and 2005 were not sufficient to cover fixed charges by $33.2 million, $537.3 million, $651.8 million and $1,123.3 million, respectively. Accordingly, such ratios are not presented.