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- S-4 Registration of securities issued in business combination transactions
- 3.3 EX-3.3
- 3.4 EX-3.4
- 3.5 EX-3.5
- 3.6 EX-3.6
- 3.7 EX-3.7
- 3.8 EX-3.8
- 3.9 EX-3.9
- 3.10 EX-3.10
- 3.11 EX-3.11
- 3.12 EX-3.12
- 3.13 EX-3.13
- 3.14 EX-3.14
- 3.15 EX-3.15
- 3.16 EX-3.16
- 3.17 EX-3.17
- 3.18 EX-3.18
- 3.19 EX-3.19
- 3.20 EX-3.20
- 3.21 EX-3.21
- 3.22 EX-3.22
- 3.23 EX-3.23
- 3.24 EX-3.24
- 3.25 EX-3.25
- 3.26 EX-3.26
- 3.27 EX-3.27
- 3.28 EX-3.28
- 3.29 EX-3.29
- 3.30 EX-3.30
- 3.31 EX-3.31
- 3.32 EX-3.32
- 5.1 EX-5.1
- 5.2 EX-5.2
- 5.3 EX-5.3
- 12 EX-12
- 23.1 EX-23.1
- 25.1 EX-25.1
- 25.2 EX-25.2
- 99.1 EX-99.1
- 99.2 EX-99.2
- 99.3 EX-99.3
- 99.4 EX-99.4
Exhibit 12
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
|
| Years Ended December 31, |
| Six Months Ended June |
| ||||||||||
|
| 2012 |
| 2011 |
| 2010 |
| 2009 |
| 2008 |
| 2013 |
| 2012 |
|
|
| (In thousands, except ratios) |
| ||||||||||||
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Income from continuing operations before income taxes |
| (1,164,759 | ) | 494,823 |
| 577,596 |
| 183,994 |
| 332,789 |
| (199,735 | ) | 80,584 |
|
Plus: Fixed charges |
| 152,463 |
| 108,594 |
| 22,723 |
| 23,808 |
| 32,627 |
| 109,643 |
| 65,881 |
|
Less: Interest capitalized during the period |
| (7,677 | ) | (5,474 | ) | (1,363 | ) | (1,196 | ) | (3,860 | ) | (1,181 | ) | (3,560 | ) |
|
| (1,019,973 | ) | 597,943 |
| 598,956 |
| 206,606 |
| 361,556 |
| (91,273 | ) | 142,905 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest expense |
| 139,356 |
| 96,820 |
| 17,250 |
| 18,975 |
| 26,226 |
| 105,747 |
| 59,171 |
|
Plus: Interest capitalized during the period |
| 7,677 |
| 5,474 |
| 1,363 |
| 1,196 |
| 3,860 |
| 1,181 |
| 3,560 |
|
Interest portion of rental expense |
| 5,430 |
| 6,300 |
| 4,110 |
| 3,637 |
| 2,541 |
| 2,715 |
| 3,150 |
|
|
| 152,463 |
| 108,594 |
| 22,723 |
| 23,808 |
| 32,627 |
| 109,643 |
| 65,881 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratio of Earnings to Fixed Charges (1) |
| n/a |
| 5.51 |
| 26.36 |
| 8.68 |
| 11.08 |
| n/a |
| 2.17 |
|
(1) For the year ended December 31, 2012, earnings were insufficient to cover fixed charges by approximately $1,172.4 million. For the six months ended June 30, 2013, earnings were insufficient to cover fixed charges by approximately $200.9 million.