EX-12 29 a2176650zex-12.htm EXHIBIT 12

Exhibit 12

 

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in millions)

 

 

 

1/1 - 4/17

 

4/17 - 12/31

 

For the Year Ended December 31,

 

 

 

2002

 

2002

 

2003

 

2004

 

2005

 

2006

 

Earnings (loss) -

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss before income taxes

 

$(159.4

)

$(219.1

)

$(295.7

)

$(624.5

)

$(534.8

)

$(28.3

)

Add fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense on indebtedness

 

44.1

 

40.7

 

46.0

 

49.9

 

66.1

 

13.4

 

Estimated interest on rental
expense

 

3.0

 

7.4

 

8.5

 

7.7

 

7.4

 

5.4

 

Capitalized interest

 

(10.9

)

(9.9

)

(10.2

)

(1.7

)

(0.8

)

(0.7

)

Total adjusted loss

 

$(123.2

)

$(180.9

)

$(251.4

)

$(568.6

)

$(462.1

)

$(10.2

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges -

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense on indebtedness

 

44.1

 

40.7

 

46.0

 

49.9

 

66.1

 

13.4

 

Estimated interest on rental
expense

 

3.0

 

7.4

 

8.5

 

7.7

 

7.4

 

5.4

 

Total fixed charges

 

47.1

 

48.1

 

54.5

 

57.6

 

73.5

 

18.8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Coverage deficiency

 

$(170.3

)

$(229.0

)

$(305.9

)

$(626.2

)

$(535.6

)

$(29.0

)