Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(in millions, except ratios)
| (Successor) | (Predecessor) | (Successor) | ||||||||||||||||||||||||||||||||||
| For the year ended December 31, 2011 | For the seven months ended December 31, 2010 | For the five months ended May 31, 2010 | For the year ended December 31, 2009 | For the year ended December 31, 2008 | For the year ended December 31, 2007 | For the nine months ended September 30, 2012 | For the nine months ended September 30, 2011 | |||||||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||||||||||
Income (loss) from continuing operations before income taxes | $ | 157.0 | $ | 71.7 | $ | 2,195.4 | $ | (1,249.2 | ) | $ | (1,879.6 | ) | $ | (181.3 | ) | $ | 139.2 | $ | 151.3 | |||||||||||||||||
Add: Fixed charges (per below) | 50.5 | 8.5 | 74.9 | 228.0 | 235.5 | 221.3 | 45.1 | 36.5 | ||||||||||||||||||||||||||||
Add: Amortization of capitalized interest | 0.1 | — | 0.3 | 0.7 | 0.5 | 0.2 | 0.4 | 0.1 | ||||||||||||||||||||||||||||
Less: Interest capitalized | 2.0 | 0.1 | 0.2 | 0.7 | 3.4 | 5.9 | 9.8 | 0.7 | ||||||||||||||||||||||||||||
Less: Net loss attributable to noncontrolling interest | (0.4 | ) | — | — | — | — | — | (0.9 | ) | (0.1 | ) | |||||||||||||||||||||||||
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Total earnings (loss) fromcontinuing operations beforeincome taxes | $ | 206.0 | $ | 80.1 | $ | 2,270.4 | $ | (1,021.2 | ) | $ | (1,647.0 | ) | $ | 34.3 | $ | 175.8 | $ | 187.3 | ||||||||||||||||||
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Fixed charges: | ||||||||||||||||||||||||||||||||||||
Interest expense | $ | 46.7 | $ | 7.4 | $ | 74.0 | $ | 225.4 | $ | 229.1 | $ | 207.0 | $ | 34.2 | $ | 34.5 | ||||||||||||||||||||
Interest capitalized | 2.0 | 0.1 | 0.2 | 0.7 | 3.4 | 5.9 | 9.8 | 0.7 | ||||||||||||||||||||||||||||
Portion of rental expense representative of interest | 1.7 | 1.0 | 0.7 | 1.9 | 3.0 | 8.4 | 1.1 | 1.3 | ||||||||||||||||||||||||||||
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Total fixed charges | $ | 50.4 | $ | 8.5 | $ | 74.9 | $ | 228.0 | $ | 235.5 | $ | 221.3 | $ | 45.1 | $ | 36.5 | ||||||||||||||||||||
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Ratio of earnings to fixed charges | 4.1x | 9.4x | 30.3x | (a | ) | (a | ) | (a | ) | 3.9x | 5.1x | |||||||||||||||||||||||||
| (a) | For the years ended December 31, 2009, 2008 and 2007, earnings were insufficient to cover fixed charges by approximately $1,249.2, $1,882.5 and $187.0, respectively. |