| Nine Months to | ||||||||||||||||||||||||
| September 30, 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||||||
| Earnings per Financial Statements | $ | 1,176,833 | $ | 2,578,098 | $ | 2,305,169 | $ | 1,028,241 | $ | 1,152,686 | $ | 1,482,923 | ||||||||||||
| Add (deduct): | ||||||||||||||||||||||||
| Provision for income taxes | 154,510 | 575,475 | 523,267 | 272,557 | 286,443 | 310,707 | ||||||||||||||||||
| Fixed charges | 190,979 | 198,722 | 199,811 | 201,885 | 211,035 | 205,758 | ||||||||||||||||||
| Earnings for Computation | $ | 1,522,322 | $ | 3,352,295 | $ | 3,028,247 | $ | 1,502,683 | $ | 1,650,164 | $ | 1,999,388 | ||||||||||||
| Fixed Charges | ||||||||||||||||||||||||
Interest Expense(1) | $ | 175,702 | $ | 174,870 | $ | 175,698 | $ | 174,029 | $ | 182,984 | $ | 177,425 | ||||||||||||
| One third of payments under operating leases | 15,277 | 23,852 | 24,113 | 27,856 | 28,051 | 28,333 | ||||||||||||||||||
| Total Fixed Charges | $ | 190,979 | $ | 198,722 | $ | 199,811 | $ | 201,885 | $ | 211,035 | $ | 205,758 | ||||||||||||
| Ratio of Earnings to Fixed Charges | 8.0 | 16.9 | 15.2 | 7.4 | 7.8 | 9.7 | ||||||||||||||||||
| Preferred Share Dividends | $ | 23,921 | $ | 44,851 | $ | 44,851 | $ | 44,850 | $ | 44,972 | $ | 36,009 | ||||||||||||
| Total Fixed Charges and Preferred Share Dividends | $ | 214,900 | $ | 243,573 | $ | 244,662 | $ | 246,735 | $ | 256,007 | $ | 241,767 | ||||||||||||
| Ratio of Earnings to Fixed Charges and Preferred Share Dividends | 7.1 | 13.8 | 12.4 | 6.1 | 6.4 | 8.3 | ||||||||||||||||||
| (1) | The Company recognizes accruals for interest and penalties, if any, related to unrecognized tax benefits in income tax expense (i.e. excluded from interest expense). |
