Three Months Ended March 31, | |||
2020 | |||
Earnings: | |||
Income (loss) before income taxes | $ | (130,726 | ) |
Add: Fixed Charges | 61,879 | ||
Add: Amortization of capitalized interest | 58 | ||
Less: Interest capitalized | 4,067 | ||
Less: Earnings from joint venture, net | 118 | ||
Total earnings (loss) | $ | (72,974 | ) |
Fixed charges: | |||
Interest costs (1) | $ | 60,411 | |
Interest factor of operating lease expense (2) | 1,468 | ||
Total fixed charges | $ | 61,879 | |
Ratio of earnings (loss) to fixed charges (3) | (1.18 | ) | |
(1) | Interest costs include both interest expensed and capitalized, including amortization of deferred financing costs and original issue discount on debt. |
(2) | Interest factor of operating lease expense is based on an estimate which the Company considers to be a reasonable approximation. |
(3) | The ratio of earnings to fixed charges was computed by dividing earnings by fixed charges. |