Attached files
EXHIBIT 12.1
Three months ended March 31,
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Year ended
December 31,
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Year ended
December 31,
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Year ended
December 31,
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Year ended
December 31,
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Year ended
December 31,
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2012
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2011
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2010
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2009
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2008
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2007
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(unaudited)
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Earnings:
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Pretax Income from continuing operations
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$ | 17,096,123 | $ | 49,752,614 | $ | 25,167,380 | $ | 6,336,588 | $ | (3,314,694 | ) | $ | 9,228,102 | |||||||||||
Fixed charges
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8,447,400 | 30,450,471 | 36,486,361 | 45,450,398 | 79,640,808 | 121,585,223 | ||||||||||||||||||
Total
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$ | 25,543,523 | $ | 80,203,085 | $ | 61,653,741 | $ | 51,786,986 | $ | 76,326,114 | $ | 130,813,325 | ||||||||||||
Fixed Charges:
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Interest (expensed and capitalized)
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7,559,241 | 27,043,926 | 31,876,054 | 41,369,137 | 76,490,096 | 118,882,304 | ||||||||||||||||||
Amortized premiums, discounts and capitalized expenses
related to indebtedness
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883,678 | 3,387,123 | 4,590,397 | 4,058,255 | 3,128,657 | 2,681,235 | ||||||||||||||||||
Estimate of interest within rental expenses
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4,481 | 19,422 | 19,910 | 23,006 | 22,055 | 21,684 | ||||||||||||||||||
Total
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$ | 8,447,400 | $ | 30,450,471 | $ | 36,486,361 | $ | 45,450,398 | $ | 79,640,808 | $ | 121,585,223 | ||||||||||||
Ratio of earnings to combined fixed charges and
preferred stock dividends
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3.02 | 2.63 | 1.69 | 1.14 | 0.96 | 1.08 |