COMPUTATION OF RATIOS
Published on September 25, 2001
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EXHIBIT 12.1
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Six Months Ended June 30, 2001 |
Year Ended Dec. 31, 2000 |
Year Ended Dec. 31, 1999 |
From April 10 to Dec. 31, 1998 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Pre-tax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees | $ | 3,143,066 | $ | 4,195,917 | $ | 4,786,478 | $ | 2,396,946 | ||||
| Fixed charges (interest expense) | 12,349,898 | 30,103,076 | 18,465,529 | 4,619,500 | ||||||||
| Distributed income of equity investees | 332,411 | 853,100 | 768,280 | 452,279 | ||||||||
| Earnings | $ | 15,825,375 | $ | 35,152,093 | $ | 24,020,287 | $ | 7,468,725 | ||||
| Ratio of earnings to fixed charges and ratio of earnings to combined fixed charges and preferred dividends (A) | 1.3 | 1.2 | 1.3 | 1.6 | ||||||||
(A) As the Company has no preferred stock dividend requirements, the ratio of earnings to fixed charges and the ratio of earnings to combined fixed charges and preferred dividends are the same.
COMPUTATION OF RATIOS