Years ended December 31, | ||||||||||||||||
($000) | 2005 | 2004 | 2003 | 2002 | 2001 | |||||||||||
Earnings: | ||||||||||||||||
Pretax income (loss) from continuing operations | (13,889 | ) | 3,688 | 13,726 | 3,750 | 1,881 | ||||||||||
Fixed Charges | 60,104 | 16,012 | 3,266 | 1,673 | 1,289 | |||||||||||
Distributed income of equity investees | 17,268 | 7,605 | 21,565 | 1,589 | 790 | |||||||||||
Total Earnings | 63,483 | 27,305 | 38,557 | 7,012 | 3,960 | |||||||||||
Fixed Charges: | ||||||||||||||||
Interest Expense | 60,104 | 16,012 | 3,266 | 1,673 | 1,289 | |||||||||||
Amortized premiums & discounts related to indebtedness | - | - | - | - | - | |||||||||||
Capitalized expenses related to indebtedness | - | - | - | - | - | |||||||||||
Capitalized Interest | - | - | - | - | - | |||||||||||
Preference security dividends | - | - | - | - | - | |||||||||||
Total Fixed Charges | 60,104 | 16,012 | 3,266 | 1,673 | 1,289 | |||||||||||
Ratio of earnings to fixed charges | 1.06 | 1.71 | 11.81 | 4.19 | 3.07 | |||||||||||
Preference security dividends | - | - | - | - | - | |||||||||||
Ratio of earnings to fixed charges and preference security dividends | 1.06 | 1.71 | 11.81 | 4.19 | 3.07 |
6 months ended June 30, 2005 | 3 months ended March 31, 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | ||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||
+ Interest Expense | - | 11,689,738 | 16,012,518 | 3,266,438 | 1,673,108 | 1,288,780 | 476,000 | |||||||||||||||
+ Capitalized Interest | - | - | - | - | - | - | - | |||||||||||||||
+ Amortized premiums & discounts related to indebtedness | 40,417 | 6,736 | - | - | - | - | - | |||||||||||||||
+ Capitalized expenses related to indebtedness | - | 808,342 | - | - | - | - | - | |||||||||||||||
+ Interest within rent expense | - | - | - | - | - | - | - | |||||||||||||||
+ Preference security dividends | - | - | - | - | - | - | - | |||||||||||||||
Total Fixed Charges | 40,417 | 12,504,816 | 16,012,518 | 3,266,438 | 1,673,108 | 1,288,780 | 476,000 | |||||||||||||||
Earnings: | ||||||||||||||||||||||
+ Pretax income from continuing operations | - | (2,727,560 | ) | 3,687,571 | 13,726,076 | 3,750,279 | 1,881,318 | 526,750 | ||||||||||||||
+ Fixed Charges | 40,417 | 12,504,816 | 16,012,518 | 3,266,438 | 1,673,108 | 1,288,780 | 476,000 | |||||||||||||||
+ Amortization of capitalized interest | - | - | - | - | - | - | - | |||||||||||||||
+ Distributed income of equity investees | - | 4,347,467 | 7,605,093 | 21,564,956 | 1,588,765 | 790,352 | 42,030 | |||||||||||||||
+ Pre-tax losses of equity investees | - | - | - | - | - | - | - | |||||||||||||||
- Interest capitalized | - | - | - | - | - | - | - | |||||||||||||||
- Preference security dividends of consolidated subsidiaries | - | - | - | - | - | - | - | |||||||||||||||
- Minority interest in pre-tax income of subs… | - | - | - | - | - | - | - | |||||||||||||||
Total Earnings | 40,417 | 14,124,723 | 27,305,182 | 38,557,470 | 7,012,152 | 3,960,450 | 1,044,780 | |||||||||||||||
Ratio of Earnings to Fixed Charges | 1.00 | 1.13 | 1.71 | 11.80 | 4.19 | 3.07 | 2.19 | |||||||||||||||
If ratio is less than 1, disclose dollar amount of deficiency | - | - | - | - | - | - | - |