EXHIBIT 12.1
Published on February 26, 2010
Exhibit
12.1
|
Ratio
of Income (Loss) To Combined Fixed Charges And Preferred Stock
Dividends
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The
following table sets for the the caluculation or our ratio of earnings to
combined fixed charges and preferred stock
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|
dividends
for the periods shown (dollars in thousands):
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For
the Year
Ended
December
31,
2009
|
For
the Year
Ended
December
31,
2008
|
For
the Period
November
21,
2007
to
December
31,
2007
|
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|
Net
income (loss) before taxes
|
$ | 323,984 | $ | (119,797 | ) | $ | (2,901 | ) | |||||
|
Add:
|
fixed
charges (interest expense)
|
35,083 | 60,544 | 415 | |||||||||
|
preferred
stock dividend
|
- | - | - | ||||||||||
|
Income
(loss) as adjusted
|
$ | 359,067 | $ | (59,253 | ) | $ | (2,486 | ) | |||||
|
Fixed
charges (interest expense) + preferred stock dividend
|
$ | 35,083 | $ | 60,544 | $ | 415 | |||||||
|
Ratio
of income (losses) to combined fixed charges and preferred stock
dividends
|
10.23 | X | (0.99X | ) | (5.99X | ) | |||||||