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RATIO OF EARNINGS TO FIXED CHARGES
($ amounts in thousands)
| For the Year Ended December 31, 2013 | For the Year Ended December 31, 2012 | For the Year Ended December 31, 2011 | For the Year Ended December 31, 2010 | For the Year Ended December 31, 2009 | |||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings: | ||||||||||||||||
Income (loss) before taxes | 192,462,864 | 172,038,279 | 73,241,828 | 91,644,440 | 41,201,268 | |||||||||||
Fixed charges | 49,355,216 | 37,033,538 | 36,055,237 | 49,077,091 | 16,909,013 | |||||||||||
| | | | | | | | | | | | | | | | |
241,818,080 | 209,071,817 | 109,297,065 | 140,721,531 | 58,110,281 | ||||||||||||
Fixed charges: | ||||||||||||||||
Interest expense | 48,744,659 | 36,440,373 | 35,836,124 | 48,874,327 | 16,726,638 | |||||||||||
Operating lease rental expense(1) | 610,557 | 593,165 | 219,113 | 202,764 | 182,375 | |||||||||||
| | | | | | | | | | | | | | | | |
49,355,216 | 37,033,538 | 36,055,237 | 49,077,091 | 16,909,013 | ||||||||||||
Ratio of Earnings to Fixed Charges: | 4.90 | 5.65 | 3.03 | 2.87 | 3.44 |
- (1)
- Operating lease rental expense that is representative of the interest factor (generally presumed to be 1/3)
RATIO OF EARNINGS TO FIXED CHARGES ($ amounts in thousands)