Year Ended December 31, | |||||||||||||||||||
2009 | 2010 | 2011 | 2012 | 2013 | |||||||||||||||
EARNINGS: | |||||||||||||||||||
Income from continuing operations before income taxes, extraordinary gain (loss) and cumulative effect of change in accounting principle* | $ | 224,705 | $ | 307,219 | $ | 408,669 | $ | 435,331 | $ | 580,575 | |||||||||
Add: Fixed charges | 74,750 | 97,991 | 110,946 | 120,321 | 133,511 | ||||||||||||||
Amortization of interest capitalized | 715 | 729 | 739 | 755 | 816 | ||||||||||||||
Distributed income of equity investees | 4,558 | 4,853 | 5,598 | 7,793 | 3,274 | ||||||||||||||
Less: Interest capitalized | (3,510 | ) | (2,943 | ) | (3,174 | ) | (6,195 | ) | (14,339 | ) | |||||||||
Total earnings | $ | 301,218 | $ | 407,849 | $ | 522,778 | $ | 558,005 | $ | 703,837 | |||||||||
FIXED CHARGES: | |||||||||||||||||||
Interest expense | $ | 69,847 | $ | 93,436 | $ | 105,695 | $ | 111,786 | $ | 116,124 | |||||||||
Interest capitalized | 3,510 | 2,943 | 3,174 | 6,195 | 14,339 | ||||||||||||||
Debt amortization expense | 1,112 | 1,401 | 1,831 | 2,087 | 2,424 | ||||||||||||||
Rent expense representative of interest factor | 281 | 211 | 246 | 253 | 624 | ||||||||||||||
Total fixed charges | $ | 74,750 | $ | 97,991 | $ | 110,946 | $ | 120,321 | $ | 133,511 | |||||||||
Ratio of earnings to fixed charges | 4.0 | 4.2 | 4.7 | 4.6 | 5.3 | ||||||||||||||