| 2003 | 2004 | 2005 | 2006 | 2007 | ||||||||||||||||
| EARNINGS | ||||||||||||||||||||
| EARNINGS BEFORE INCOME TAXES | $ | 630,973 | $ | 718,011 | $ | 1,516,375 | $ | 1,855,250 | $ | 3,153,970 | ||||||||||
| LESS: EQUITY EARNINGS OF LESS THAN 50% OWNED UNCONSOLIDATED AFFILIATES | (14,138 | ) | (84,931 | ) | (90,415 | ) | (66,592 | ) | (193,258 | ) | ||||||||||
| LESS: CAPITALIZED INTEREST INCLUDED IN INTEREST EXPENSE BELOW | (4,002 | ) | (6,909 | ) | (10,868 | ) | (10,942 | ) | (23,558 | ) | ||||||||||
| TOTAL EARNINGS | 612,833 | 626,171 | 1,415,092 | 1,777,716 | 2,937,154 | |||||||||||||||
| FIXED CHARGES | ||||||||||||||||||||
| INTEREST EXPENSES: | ||||||||||||||||||||
| CONSOLIDATED INTEREST EXPENSE | 359,971 | 341,991 | 326,579 | 365,180 | 433,974 | |||||||||||||||
| CAPITALIZED INTEREST | 4,002 | 6,909 | 10,868 | 10,942 | 23,558 | |||||||||||||||
| TOTAL INTEREST EXPENSE | 363,973 | 348,900 | 337,447 | 376,122 | 457,532 | |||||||||||||||
| AMORTIZATION OF DEBT DISCOUNT AND EXPENSE | 1,157 | 1,039 | 1,029 | 1,149 | 2,004 | |||||||||||||||
| ONE THIRD OF RENTAL EXPENSES | 32,744 | 40,450 | 38,787 | 42,876 | 55,187 | |||||||||||||||
| TOTAL FIXED CHARGES | 397,874 | 390,389 | 377,263 | 420,147 | 514,723 | |||||||||||||||
| EARNINGS AVAILABLE FOR FIXED CHARGES | $ | 1,010,707 | $ | 1,016,560 | $ | 1,792,355 | $ | 2,197,863 | $ | 3,451,877 | ||||||||||
| RATIO OF EARNINGS TO FIXED CHARGES | 2.54 | x | 2.60 | x | 4.75 | x | 5.23 | x | 6.71 | x | ||||||||||
