Exhibit 12.1
| Fiscal Years ended September 30, | ||||||||||||||||||||
| 2008 | 2009 | 2010 | 2011 | 2012 | ||||||||||||||||
Earnings | ||||||||||||||||||||
Earnings (loss) before income taxes from continuing operations | (710,188 | ) | (181,781 | ) | (147,925 | ) | (196,818 | ) | (175,970 | ) | ||||||||||
Plus: Fixed charges | 145,345 | 137,533 | 130,760 | 134,490 | 126,892 | |||||||||||||||
Less: Capitalized interest | (84,474 | ) | (50,451 | ) | (53,102 | ) | (57,378 | ) | (53,444 | ) | ||||||||||
Add: Interest amortized to COS | 112,262 | 54,714 | 52,243 | 46,382 | 60,952 | |||||||||||||||
Add: Interest impaired to COS | 13,795 | 3,376 | 2,313 | 1,907 | 275 | |||||||||||||||
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Earnings available for fixed charges | (523,260 | ) | (36,609 | ) | (15,711 | ) | (71,417 | ) | (41,295 | ) | ||||||||||
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Fixed Charges | 145,345 | 137,533 | 130,760 | 134,490 | 126,892 | |||||||||||||||
Ratio of Earnings to Fixed Charges | (a | ) | (a | ) | (a | ) | (a | ) | (a | ) | ||||||||||
| (a) | Earnings for the fiscal years ended September 30, 2008, 2009, 2010, 2011 and 2012 were insufficient to cover fixed charges by $523 million, $37 million, $16 million, $71 million, and $41 million, respectively. |