Exhibit 12.1
Nine months ended September 30, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | Year ended December 31, | |||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
(unaudited) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Pretax Income from continuing operations | $ | 56,369,482 | $ | 49,752,614 | $ | 25,167,380 | $ | 6,336,588 | ($ | 3,314,694 | ) | $ | 9,228,102 | |||||||||||
Fixed charges | 25,659,759 | 30,450,471 | 36,486,361 | 45,450,398 | 79,640,808 | 121,585,223 | ||||||||||||||||||
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Total | $ | 82,029,241 | $ | 80,203,085 | $ | 61,653,741 | $ | 51,786,986 | $ | 76,326,114 | $ | 130,813,325 | ||||||||||||
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Fixed Charges: | ||||||||||||||||||||||||
Interest (expensed and capitalized) | 21,991,337 | 27,043,926 | 31,876,054 | 41,369,137 | 76,490,096 | 118,882,304 | ||||||||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 3,655,453 | 3,387,123 | 4,590,397 | 4,058,255 | 3,128,657 | 2,681,235 | ||||||||||||||||||
Estimate of interest within rental expenses | 12,969 | 19,422 | 19,910 | 23,006 | 22,055 | 21,684 | ||||||||||||||||||
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Total | $ | 25,659,759 | $ | 30,450,471 | $ | 36,486,361 | $ | 45,450,398 | $ | 79,640,808 | $ | 121,585,223 | ||||||||||||
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Preferred stock dividend | $ | 332,860 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | $ | 0 | ||||||||||||
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Ratio of earnings to combined fixed charges | 3.20 | 2.63 | 1.69 | 1.14 | 0.96 | 1.08 | ||||||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 3.16 | 2.63 | 1.69 | 1.14 | 0.96 | 1.08 |