| EXHIBIT 12 |
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|
|
|
Three months ended |
|
Nine months ended |
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|
|
|
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|
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| (in thousands) |
|
2002 |
|
2001 |
|
2002 |
|
2001 |
| ||||
| |
|
|
|
|
|
|
|
|
| ||||
| EARNINGS AS DEFINED: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings from operations before income taxes after eliminating undistributed earnings of 20%- to 50%-owned affiliates |
|
$ |
80,281 |
|
$ |
39,817 |
|
$ |
190,737 |
|
$ |
241,151 |
|
| Fixed charges excluding capitalized interest and preferred stock dividends of majority-owned subsidiary companies |
|
|
9,458 |
|
|
9,900 |
|
|
25,806 |
|
|
35,935 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings as defined |
|
$ |
89,739 |
|
$ |
49,717 |
|
$ |
216,543 |
|
$ |
277,086 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| FIXED CHARGES AS DEFINED: |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense, including amortization of debt issue costs |
|
$ |
7,843 |
|
$ |
8,417 |
|
$ |
21,064 |
|
$ |
31,737 |
|
| Interest capitalized |
|
|
185 |
|
|
179 |
|
|
529 |
|
|
591 |
|
| Portion of rental expense representative of the interest factor |
|
|
1,615 |
|
|
1,483 |
|
|
4,742 |
|
|
4,198 |
|
| Preferred stock dividends of majority-owned subsidiary companies |
|
|
20 |
|
|
20 |
|
|
60 |
|
|
60 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Fixed charges as defined |
|
$ |
9,663 |
|
$ |
10,099 |
|
$ |
26,395 |
|
$ |
36,586 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| RATIO OF EARNINGS TO FIXED CHARGES |
|
|
9.29 |
|
|
4.92 |
|
|
8.20 |
|
|
7.57 |
|
|
|
|
|
|
|
|
|
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|
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|
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|
E-2