|
||||||||||||||||||||||||||
| SEC Info℠ | | | Home | | | Search | | | My Interests | | | Help | | | Sign In | | | Please Sign In | |||||||
|
||||||||||||||||||||||||||
Document/Exhibit Description Pages Size 1: S-3ASR S-3 HTML 373K 2: EX-5.1 Opinion re: Legality HTML 61K 3: EX-5.2 Opinion re: Legality HTML 79K 4: EX-5.3 Opinion re: Legality HTML 63K 5: EX-5.4 Opinion re: Legality HTML 55K 6: EX-12.1 Statement re: Computation of Ratios HTML 90K 7: EX-23.1 Consent of Experts or Counsel HTML 43K 8: EX-25.1 Statement re: Eligibility of Trustee HTML 139K
| Exhibit |
Six Months
Ended | For the Year Ended December 31, | ||||||||||||||||||||||||||||
6/30/2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||||||||
COMPUTATION
OF FIXED CHARGES: | |||||||||||||||||||||||||||||
Interest
expensed and capitalized in continuing operations, including amortization of debt discounts and fees | $ | 83.5 | $ | 174.1 | $ | 144.2 | $ | 110.7 | $ | 102.3 | $ | 95.1 | |||||||||||||||||
Interest
expensed and capitalized in discontinued operations, including amortization of debt discounts and fees | — | — | — | — | — | 0.1 | |||||||||||||||||||||||
Interest
element of rentals (1) | 18.4 | 28.3 | 20.6 | 19.8 | 21.6 | 22.1 | |||||||||||||||||||||||
Total
fixed charges | 101.9 | 202.4 | 164.8 | 130.5 | 123.9 | 117.3 | |||||||||||||||||||||||
Dividend
requirements on convertible perpetual preferred stock (2) | — | — | 5.1 | 10.3 | 34.4 | 39.2 | |||||||||||||||||||||||
Total
combined fixed charges and preferred stock dividends | 101.9 | 202.4 | 169.9 | 140.8 | 158.3 | 156.5 | |||||||||||||||||||||||
COMPUTATION
OF EARNINGS: | |||||||||||||||||||||||||||||
Pre-tax
income (loss) from continuing operations before equity in net income of nonconsolidated affiliates | $ | 236.4 | $ | 479.1 | $ | 386.9 | $ | 376.2 | $ | 384.0 | $ | 327.3 | |||||||||||||||||
Fixed
charges | 101.9 | 202.4 | 164.8 | 130.5 | 123.9 | 117.3 | |||||||||||||||||||||||
Amortization
of capitalized interest | 0.1 | 0.2 | 0.2 | 0.2 | 0.1 | — | |||||||||||||||||||||||
Distributed
income of equity investees | 4.4 | 8.5 | 7.7 | 12.6 | 11.4 | 11.0 | |||||||||||||||||||||||
Interest
capitalized | (1.8 | ) | (2.0 | ) | (1.3 | ) | (1.5 | ) | (1.9 | ) | (1.0 | ) | |||||||||||||||||
Total
earnings | $ | 341.0 | $ | 688.2 | $ | 558.3 | $ | 518.0 | $ | 517.5 | $ | 454.6 | |||||||||||||||||
RATIO
OF EARNINGS TO FIXED CHARGES | 3.3 | 3.4 | 3.4 | 4.0 | 4.2 | 3.9 | |||||||||||||||||||||||
RATIO
OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS | 3.3 | 3.4 | 3.3 | 3.7 | 3.3 | 2.9 | |||||||||||||||||||||||
(1) | Management
has determined the interest component of rent expense to be 33%. | |
(2) | Grossed up to pre-tax based on an approximate 39% blended federal and state statutory tax rate. Excludes $71.6 million and $0.8 million in 2013 and 2012, respectively, for excess amounts exchanged in preferred stock repurchase transactions. | |