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SEC Filings

424B2
 filed this Form 424B2 on 12/06/2017
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RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF

EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

 

The following table reflects the computation of the ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred stock dividends for the periods presented:

 

    Year Ended December 31,

    Nine
Months
Ended
September  30,
2017

 
    2012

    2013

    2014

    2015

    2016

   

Ratio of earnings to fixed charges(1)

    2.32x       1.89x       2.11x       1.99x       2.11x       2.39x  

Ratio of earnings to combined fixed charges and preferred stock dividends(2)

    2.32x       1.89x       2.05x       1.80x       1.91x       2.20x  

(1)   For the purposes of this calculation, “earnings” consists of income from continuing operations before income taxes and income on equity method investments, as well as fixed charges (excluding interest capitalized and amortization of interest capitalized). “Fixed charges” consists of interest expensed and capitalized, amortization of debt discounts, premiums and related issuance costs and the component of rental expense associated with operating leases believed by management to be representative of the interest factor thereon.
(2)   We had no preferred stock outstanding for the years ended December 31, 2012 and 2013; therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is the same as the ratio of earnings to fixed charges.

 

 

S-8

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