Exhibit 12.1
Ratio/Deficiency of Earnings to Fixed Charges
| Year Ended 12/31/13 | Year Ended 12/31/14 | Year Ended 12/31/15 | Year Ended 12/31/16 | Year Ended 12/31/17 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
(Loss) Income from continuing operations before income taxes | (57,220 | ) | (15,660 | ) | (166,594 | ) | 87,300 | 116,891 | ||||||||||||
Plus: Fixed charges, less preferred dividends | 369,119 | 391,247 | 397,602 | 409,980 | 405,773 | |||||||||||||||
Plus: Current period amortization of interest capitalized in prior periods | 553 | 521 | 422 | 266 | 182 | |||||||||||||||
Less: Capitalized interest | (108 | ) | (304 | ) | (790 | ) | (961 | ) | (1,059 | ) | ||||||||||
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Total Earnings | 312,345 | 375,803 | 230,639 | 496,585 | 521,787 | |||||||||||||||
Fixed Charges: | ||||||||||||||||||||
Interest Expense—cash | 249,051 | 292,600 | 322,366 | 329,171 | 323,749 | |||||||||||||||
Capitalized interest | 108 | 304 | 790 | 961 | 1,059 | |||||||||||||||
Interest Expense—non cash | 49,085 | 27,112 | 1,505 | 2,203 | 2,879 | |||||||||||||||
Amortization of debt issue costs | 15,560 | 17,572 | 19,154 | 21,136 | 21,940 | |||||||||||||||
Interest component of operating leases | 55,315 | 53,659 | 53,787 | 56,509 | 56,146 | |||||||||||||||
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Total Fixed Charges | 369,119 | 391,247 | 397,602 | 409,980 | 405,773 | |||||||||||||||
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Total Deficiency | $ | (56,775 | ) | $ | (15,443 | ) | $ | (166,962 | ) | — | — | |||||||||
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Ratio of Earnings to Fixed Charges | — | — | — | 1.21 | 1.29 | |||||||||||||||
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