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
                   
                           
     
December 31, 2011
   
December 31, 2010
(as restated)
   
December 31, 2009
(as restated)
   
December 31, 2008
(as restated)
   
For the Period November 21, 2007 to
December 31, 2007
(as restated)
 
                                 
Net income (loss) before taxes
  $ 137,935     $ 249,161     $ 230,697     $ (136,105 )   $ (2,835 )
Add:
fixed charges (interest expense) (1)
    150,787       152,236       35,083       60,544       415  
 
preferred stock dividend
                                       
Income (loss) as adjusted
  $ 288,722     $ 401,397     $ 265,780     $ (75,561 )   $ (2,420 )
Fixed charges (interest expense) + preferred stock dividend
  $ 150,787     $ 152,236     $ 35,083     $ 60,544     $ 415  
Ratio of income (losses) to combined fixed charges and preferred stock dividends
    1.91 X     2.64 X     7.58 X     --       --  
Deficiency   $ --     --     --     $ 136,105     $ 2,835  
                                         
(1) Includes effect of realized losses on interest rate swaps.