EXHIBIT 12.1
Published on February 28, 2011
Exhibit 12.1
|
Ratio of Income (Loss) To Combined Fixed Charges And Preferred Stock Dividends
|
|||||||||||||||||
|
The following table sets forth the calculation of our ratio of earnings to combined fixed charges and preferred stock
|
|||||||||||||||||
|
dividends for the periods shown (dollars in thousands):
|
|||||||||||||||||
| For the Year Ended | For the period | ||||||||||||||||
|
December 31, 2010
|
December 31, 2009
|
December 31, 2008
|
from Nov. 21, 2007
through Dec. 31, 2007
|
||||||||||||||
|
Net income (loss) before taxes
|
$ | 533,607 | $ | 323,984 | $ | (119,797 | ) | $ | (2,901 | ) | |||||||
|
Add:
|
fixed charges (interest expense)
|
152,236 | 35,083 | 60,544 | 415 | ||||||||||||
|
preferred stock dividend
|
- | - | - | - | |||||||||||||
|
Income (loss) as adjusted
|
$ | 685,843 | $ | 359,067 | $ | (59,253 | ) | $ | (2,486 | ) | |||||||
|
Fixed charges (interest expense) + preferred stock dividend
|
$ | 152,236 | $ | 35,083 | $ | 60,544 | $ | 415 | |||||||||
|
Ratio of income (losses) to combined fixed charges and preferred stock dividends
|
4.51X | 10.23X | (0.99X | ) | (5.99X | ) | |||||||||||