|
Year Ended December 31
|
|
2012
|
|
2011
|
|
2010
|
|
2009
|
|
2008
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EARNINGS AVAILABLE FOR FIXED CHARGES:
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Income
|
$
|
570,279
|
$
|
1,091,123
|
$
|
160,654
|
$
|
546,627
|
$
|
2,436,919
|
|
|
Less:
|
Capitalized Interest
|
|
(49,702)
|
|
(57,741)
|
|
(76,300)
|
|
(54,919)
|
|
(42,628)
|
|
Add:
|
Fixed Charges
|
|
323,965
|
|
315,702
|
|
237,590
|
|
181,426
|
|
117,568
|
|
Income Tax Provision
|
|
710,461
|
|
818,676
|
|
247,322
|
|
325,384
|
|
1,309,620
|
|
|
TOTAL EARNINGS AVAILABLE FOR FIXED CHARGES
|
$
|
1,555,003
|
$
|
2,167,760
|
$
|
569,266
|
$
|
998,518
|
$
|
3,821,479
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
FIXED CHARGES:
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest Expense
|
$
|
205,789
|
$
|
197,572
|
$
|
125,073
|
$
|
97,751
|
$
|
49,899
|
|
|
Capitalized Interest
|
|
49,702
|
|
57,741
|
|
76,300
|
|
54,919
|
|
42,628
|
|
|
Capitalized Expense Related to Indebtedness
|
|
7,763
|
|
12,791
|
|
4,513
|
|
3,150
|
|
1,759
|
|
|
Rental Expense Representative of Interest Factor
|
|
60,711
|
|
47,598
|
|
31,704
|
|
25,606
|
|
23,282
|
|
|
TOTAL FIXED CHARGES
|
323,965
|
315,702
|
237,590
|
181,426
|
117,568
|
||||||
|
Preferred Stock Dividends on a Pre-tax Basis
|
|
-
|
|
-
|
|
-
|
|
-
|
|
681
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
COMBINED TOTAL FIXED CHARGES AND PREFERRED
STOCK DIVIDENDS |
$
|
323,965
|
$
|
315,702
|
$
|
237,590
|
$
|
181,426
|
$
|
118,249
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RATIO OF EARNINGS TO FIXED CHARGES
|
|
4.80
|
|
6.87
|
|
2.40
|
|
5.50
|
|
32.50
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND
PREFERRED STOCK DIVIDENDS |
|
4.80
|
|
6.87
|
|
2.40
|
|
5.50
|
|
32.32
|
|