Years Ended December 31, | |||||||||||||||||||
2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||
Computation of earnings: | |||||||||||||||||||
Income (loss) before income taxes | $ | 179,807 | $ | (338,105 | ) | $ | (190,523 | ) | $ | (153,219 | ) | $ | (317,003 | ) | |||||
Add: | |||||||||||||||||||
Fixed charges (as computed below) | 620,871 | 600,295 | 551,288 | 458,477 | 454,731 | ||||||||||||||
Subtract: | |||||||||||||||||||
Interest capitalized | (265 | ) | — | — | — | (1,406 | ) | ||||||||||||
$ | 800,413 | $ | 262,190 | $ | 360,765 | $ | 305,258 | $ | 136,322 | ||||||||||
Computation of fixed charges and combined fixed charges and preferred stock dividends and losses on purchases of preferred stock: | |||||||||||||||||||
Interest expense | $ | 404,968 | $ | 406,222 | $ | 386,447 | $ | 332,058 | $ | 329,610 | |||||||||
Amortized premiums, discounts and capitalized interest expense related to indebtedness | 102,883 | 84,047 | 59,435 | 22,056 | 20,649 | ||||||||||||||
Interest capitalized | 265 | — | — | — | 1,406 | ||||||||||||||
Interest component of operating lease expense | 112,755 | 110,026 | 105,406 | 104,363 | 103,066 | ||||||||||||||
Fixed charges | 620,871 | 600,295 | 551,288 | 458,477 | 454,731 | ||||||||||||||
Dividends on preferred stock and losses on purchases of preferred stock | 22,940 | 20,806 | 20,806 | 20,806 | 20,805 | ||||||||||||||
Combined fixed charges and preferred stock dividends and losses on purchases of preferred stock | $ | 643,811 | $ | 621,101 | $ | 572,094 | $ | 479,283 | $ | 475,536 | |||||||||
Ratio of earnings to fixed charges | 1.3 | — | — | — | — | ||||||||||||||
(Deficiency) excess of earnings to cover fixed charges | $ | 179,542 | $ | (338,105 | ) | $ | (190,523 | ) | $ | (153,219 | ) | $ | (318,409 | ) | |||||
Ratio of earnings to combined fixed charges and preferred stock dividends and losses on purchases of preferred stock | 1.2 | — | — | — | — | ||||||||||||||
(Deficiency) excess of earnings to cover combined fixed charges and preferred stock dividends and losses on purchases of preferred stock | $ | 156,602 | $ | (358,911 | ) | $ | (211,329 | ) | $ | (174,025 | ) | $ | (339,214 | ) | |||||