Exhibit 12.1
Ratio of Earnings to Fixed Charges |
| 1Q15 |
| 2014 |
| 2013 |
| 2012 |
| 2011 |
| 2010 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings before income taxes |
| 131,275 |
| 520,782 |
| 427,660 |
| 511,447 |
| 305,528 |
| 691,950 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
| 14,337 |
| 57,755 |
| 56,510 |
| 55,405 |
| 54,989 |
| 40,242 |
|
One third of payments under operating lease |
| 1,752 |
| 6,317 |
| 3,797 |
| 3,976 |
| 4,269 |
| 4,583 |
|
Total fixed charges |
| 16,089 |
| 64,072 |
| 60,307 |
| 59,381 |
| 59,258 |
| 44,825 |
|
Earnings plus fixed charges |
| 147,364 |
| 584,854 |
| 487,967 |
| 570,828 |
| 364,786 |
| 736,775 |
|
Ratio of Earnings to Fixed Charges |
| 9.2 |
| 9.1 |
| 8.1 |
| 9.6 |
| 6.2 |
| 16.4 |
|