EX-12.1 9 d396884dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

 

                                   Six Months Ended
March 31
 
     2012     2013     2014     2015     2016     2016     2017  

Earnings

              

Earnings (loss) before income taxes from continuing operations

     (175,970     (35,653     (6,874     22,030       21,703       (3,395     (15,858

Plus: Fixed charges

     126,892       116,720       128,703       123,482       120,930       61,352       54,396  

Less: Capitalized interest

     (53,444     (55,618     (76,122     (92,002     (93,972     (46,490     (44,271

Add: Interest amortized to COS

     60,952       41,246       40,820       56,164       78,611       29,724       35,463  

Add: Interest impaired to COS

     275       —         245       —         710       84       —    
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings available for fixed charges

     (41,295     66,695       86,772       109,674       127,982       41,275       29,730  
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Fixed Charges

     126,892       116,720       128,703       123,482       120,930       61,352       54,396  

Ratio of Earnings to Fixed Charges

     (a     0.6x       0.7x       0.9x       1.1x       0.7x       0.6x