EX-12.1 10 d441074dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

 

     Fiscal Years ended September 30,  
     2008     2009     2010     2011     2012  

Earnings

           

Earnings (loss) before income taxes from continuing operations

      (710,188 )      (181,781 )      (147,925 )      (196,818 )      (175,970 ) 

Plus: Fixed charges

      145,345        137,533        130,760        134,490        126,892   

Less: Capitalized interest

      (84,474 )      (50,451 )      (53,102 )      (57,378 )      (53,444 ) 

Add: Interest amortized to COS

      112,262        54,714        52,243        46,382        60,952   

Add: Interest impaired to COS

      13,795        3,376        2,313        1,907        275   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Earnings available for fixed charges

      (523,260 )      (36,609 )      (15,711 )      (71,417 )      (41,295 ) 
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

  

Fixed Charges

      145,345        137,533        130,760        134,490        126,892   

Ratio of Earnings to Fixed Charges

      (a )      (a )      (a )      (a )      (a ) 

 

(a)   Earnings for the fiscal years ended September 30, 2008, 2009, 2010, 2011 and 2012 were insufficient to cover fixed charges by $523 million, $37 million, $16 million, $71 million, and $41 million, respectively.