| Year Ended December 31, | Nine Months Ended | |||||||||||||||||||||||
| 2005 | 2006 | 2007 | 2008 | 2009 | 30-Sep-10 | |||||||||||||||||||
| (amounts in thousands) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
| Pretax income from continuing operations | 248,041 | 329,574 | 393,414 | 624,228 | (122,189 | ) | 460,370 | |||||||||||||||||
| Plus: Equity in (earnings) loss of affiliates | (314 | ) | (776 | ) | 1,110 | (5,354 | ) | (6,657 | ) | (587 | ) | |||||||||||||
| Plus: Distributed income of equity investees | 528 | 925 | 1,427 | 7,139 | 11,642 | — | ||||||||||||||||||
| Plus: Amortization of capitalized interest | — | 53 | 169 | 1,420 | 2,427 | 3,236 | ||||||||||||||||||
| Plus: Fixed charges (below) | 21,059 | 37,533 | 55,917 | 67,576 | 122,795 | 184,838 | ||||||||||||||||||
| Less: Interest capitalized | (1,649 | ) | (11,333 | ) | (20,385 | ) | (29,161 | ) | (68,596 | ) | (56,079 | ) | ||||||||||||
Earnings | 267,665 | 355,976 | 431,652 | 665,848 | (60,578 | ) | 591,778 | |||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
| Interest expense | 17,978 | 23,575 | 30,830 | 32,596 | 47,430 | 123,230 | ||||||||||||||||||
| Capitalized interest | 1,649 | 11,333 | 20,385 | 29,161 | 68,596 | 56,079 | ||||||||||||||||||
Interest component of rent expense(1) | 1,432 | 2,625 | 4,702 | 5,819 | 6,769 | 5,529 | ||||||||||||||||||
| Imputed preferred dividend | — | — | — | — | — | — | ||||||||||||||||||
| Preferred dividend tax effect | — | — | — | — | — | — | ||||||||||||||||||
Fixed charges | 21,059 | 37,533 | 55,917 | 67,576 | 122,795 | 184,838 | ||||||||||||||||||
Ratio of earnings to fixed charges | 12.7 | 9.5 | 7.7 | 9.9 | (0.5) | (2) | 3.2 | |||||||||||||||||
| (1) | Represents that portion of rental expense that we believe to be representative of interest expense. | |
| (2) | Earnings were inadequate to cover fixed charges by $183.4 million. |
