| Six Months Ended June 30, | Year Ended December 31, | ||||||||||||||||||||||||||
| 2015 | 2014 | 2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||||||||||||
| Earnings: | |||||||||||||||||||||||||||
Income before discontinued operations, equity in earnings and noncontrolling interests | $ | 94,388 | $ | 102,450 | $ | 242,675 | $ | 105,006 | $ | 179,140 | $ | 148,817 | $ | 123,234 | |||||||||||||
| Fixed charges less capitalized interest | 117,911 | 120,145 | 239,844 | 231,934 | 242,357 | 262,978 | 280,018 | ||||||||||||||||||||
| Distributed income of equity investees | 9,780 | 8,965 | 21,866 | 15,995 | 17,074 | 9,586 | 4,959 | ||||||||||||||||||||
Equity in losses of equity investees for which charges arise from guarantees | — | (412 | ) | (63 | ) | (44 | ) | — | — | (1,646 | ) | ||||||||||||||||
Noncontrolling interest in earnings of subsidiaries that have not incurred fixed charges | (128 | ) | (1,844 | ) | (273 | ) | (3,069 | ) | (3,729 | ) | (4,158 | ) | (4,203 | ) | |||||||||||||
| Total earnings | $ | 221,951 | $ | 229,304 | $ | 504,049 | $ | 349,822 | $ | 434,842 | $ | 417,223 | $ | 402,362 | |||||||||||||
Fixed charges (1): | |||||||||||||||||||||||||||
Interest expense (2) | $ | 117,911 | $ | 120,145 | $ | 239,844 | $ | 231,934 | $ | 242,357 | $ | 262,978 | $ | 280,018 | |||||||||||||
| Capitalized interest | 2,204 | 2,836 | 7,246 | 5,837 | 2,671 | 4,955 | 3,577 | ||||||||||||||||||||
| Total fixed charges | $ | 120,115 | $ | 122,981 | $ | 247,090 | $ | 237,771 | $ | 245,028 | $ | 267,933 | $ | 283,595 | |||||||||||||
| Ratio of earnings to fixed charges | 1.85 | 1.86 | 2.04 | 1.47 | 1.77 | 1.56 | 1.42 | ||||||||||||||||||||
| (1) | The interest portion of rental expense is not calculated because the rental expense of the Company is not significant. |
| (2) | Interest expense includes amortization of capitalized debt expenses and amortization of premiums and discounts. |
