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decision, Deferral, Globetec, light, small, variance
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cancelled, decline, EQT, impacted, March, Overview, shale, taxable
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Exhibit 12.1
Statement Regarding Computation of Ratio of Earnings to Fixed Charges and Preference Dividends
Ratio of Earnings to Fixed Charges (dollar amounts in thousands):
Nine Months Ended September 30, 2012 | |||
Earnings: | |||
Income from continuing operations before provision for income taxes | $ | 130,186 | |
Add: | |||
Fixed charges | 84,262 | ||
Less: Undistributed earnings (losses) from equity method investees | — | ||
Total earnings | $ | 214,448 | |
Fixed charges: | |||
Interest expense | $ | 28,194 | |
Estimate of interest expense within rental expense | 56,068 | ||
Total fixed charges | $ | 84,262 | |
Ratio of earnings to fixed charges | 2.5 |