EX-12.1 3 d397465dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

Ratio/Deficiency of Earnings to Fixed Charges

		Year Ended 12/31/12				Year Ended 12/31/13				Year Ended 12/31/14				Year Ended 12/31/15				Year Ended 12/31/16				Three months ended 3/31/17
		(dollars in thousands)
Earnings:
Loss from continuing ops before taxes			(177,092	)			(57,219	)			(15,660	)			(166,594	)			87,300				40,996
Plus: Fixed charges, less preferred dividends			315,250				369,119				391,247				397,602				409,980				99,281
Plus: Current period amortization of interest capitalized in prior periods			583				553				521				422				266				50
Less: Capitalized interest			(318	)			(108	)			(304	)			(790	)			(961	)			(256	)
Total Earnings			138,423				312,345				375,803				230,639				496,585				140,071
Fixed Charges:
Interest Expense—cash			196,241				249,051				292,600				322,366				329,171				77,602
Capitalized interest			318				108				304				790				961				256
Interest Expense—non cash			70,110				49,085				27,112				1,505				2,203				705
Amortization of Debt Issue Costs			12,870				15,560				17,572				19,154				21,136				6,698
Interest Component of Operating Leases			35,711				55,315				53,659				53,787				56,509				14,020
Total Fixed Charges			315,250				369,119				391,247				397,602				409,980				99,281
Total Deficiency		$	176,827			$	56,775			$	15,443			$	166,962			$	(86,605	)		$	(40,790	)
Ratio of Earnings to Fixed Charges			—				—				—				—				1.21				1.41