Exhibit 12
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
| Nine Months Ended June 30, 2009 | ||||||||||||||||||||
| Year Ended September 30, | ||||||||||||||||||||
| (in thousands) | 2004 | 2005 | 2006 | 2007 | 2008 | |||||||||||||||
Fixed Charges Computation | ||||||||||||||||||||
Interest expensed and capitalized (1) | $ | 13,857 | $ | 49,043 | $ | 35,119 | $ | 29,671 | $ | 23,205 | $ | 24,083 | ||||||||
Amortized premiums, discounts, and capitalized expenses related to indebtedness | 6,031 | 10,634 | 2,843 | 5,318 | 2,773 | 4,436 | ||||||||||||||
Reasonable approximation of interest within rental expense | 1,462 | 2,433 | 3,092 | 3,440 | 3,499 | 2,744 | ||||||||||||||
Total Fixed Charges and Preferred Equity Dividends | $ | 21,350 | $ | 62,110 | $ | 41,054 | $ | 38,429 | $ | 29,477 | $ | 31,263 | ||||||||
Earnings Computation | ||||||||||||||||||||
Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | $ | 105,107 | $ | 163,808 | $ | 137,816 | $ | 59,236 | $ | (161,874 | ) | $ | (479,618 | ) | ||||||
Plus | ||||||||||||||||||||
Fixed charges | 21,350 | 62,110 | 41,054 | 38,429 | 29,477 | 31,263 | ||||||||||||||
Minus | ||||||||||||||||||||
Interest capitalized | 435 | 464 | 1,027 | 784 | 894 | 875 | ||||||||||||||
Total Earnings | $ | 126,022 | $ | 225,454 | $ | 177,843 | $ | 96,881 | $ | (133,291 | ) | $ | (449,230 | ) | ||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | 5.90 | 3.63 | 4.33 | 2.52 | N/A | * | N/A | * | ||||||||||||
| * | Total earnings for these periods were less than zero dollars. The deficiency of earnings to fixed charges for the year ended September 30, 2008 was $162.8 million and the deficiency of earnings to fixed charges for the nine months ended June 30, 2009 was $480.5 million. |
| (1) | Interest expense associated with unrecognized tax benefits is included in income tax expense, not with interest expense. |