Exhibit 12
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
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| Year Ended September 30, |
| Six Months Ended |
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(in thousands) |
| 2008 |
| 2009 |
| 2010 |
| 2011 |
| 2012 |
| 2013 |
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Fixed Charges Computation |
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Interest expensed and capitalized (1) |
| $ | 23,092 |
| $ | 33,961 |
| $ | 55,908 |
| $ | 106,557 |
| $ | 38,809 |
| $ | 18,627 |
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Amortized premiums, discounts, and capitalized expenses related to indebtedness |
| 8,747 |
| 13,459 |
| 16,027 |
| 20,069 |
| 14,184 |
| 3,164 |
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Reasonable approximation of interest within rental expense |
| 3,180 |
| 3,377 |
| 3,670 |
| 3,323 |
| 3,106 |
| 1,712 |
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Total Fixed Charges and Preferred Equity Dividends |
| $ | 35,019 |
| $ | 50,797 |
| $ | 75,605 |
| $ | 129,949 |
| $ | 56,099 |
| $ | 23,503 |
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Earnings Computation |
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Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees |
| $ | (166,432 | ) | $ | (491,730 | ) | $ | (46,390 | ) | $ | (138,093 | ) | $ | (16,454 | ) | $ | (16,457 | ) |
Plus |
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Fixed charges |
| 35,019 |
| 50,797 |
| 75,605 |
| 129,949 |
| 56,099 |
| 23,503 |
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Minus |
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Interest capitalized |
| 894 |
| 1,396 |
| 441 |
| 91 |
| 137 |
| 98 |
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Total Earnings |
| $ | (132,307 | ) | $ | (442,329 | ) | $ | 28,774 |
| $ | (8,235 | ) | $ | 39,508 |
| $ | 6,948 |
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Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
| N/A | * | N/A | * | 0.38 |
| N/A | * | 0.70 |
| 0.30 |
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* Total earnings for these periods were less than zero dollars. The deficiency of earnings to fixed charges for the years ended September 30, 2008, 2009, and 2011 were $167.3 million, $493.1 million, and $138.2 million, respectively.
(1) Interest expense associated with unrecognized tax benefits is included in income tax expense, not with interest expense.