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Ratio of Income (Loss) To Combined Fixed Charges And Preferred Stock Dividends
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The following table sets forth the calculation of our ratio of earnings to combined fixed charges and preferred stock
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dividends for the periods shown (dollars in thousands):
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| For the Year Ended | For the period | ||||||||||||||||
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December 31, 2010
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December 31, 2009
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December 31, 2008
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from Nov. 21, 2007
through Dec. 31, 2007
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Net income (loss) before taxes
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$ | 533,607 | $ | 323,984 | $ | (119,797 | ) | $ | (2,901 | ) | |||||||
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Add:
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fixed charges (interest expense)
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152,236 | 35,083 | 60,544 | 415 | ||||||||||||
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preferred stock dividend
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- | - | - | - | |||||||||||||
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Income (loss) as adjusted
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$ | 685,843 | $ | 359,067 | $ | (59,253 | ) | $ | (2,486 | ) | |||||||
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Fixed charges (interest expense) + preferred stock dividend
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$ | 152,236 | $ | 35,083 | $ | 60,544 | $ | 415 | |||||||||
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Ratio of income (losses) to combined fixed charges and preferred stock dividends
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4.51X | 10.23X | (0.99X | ) | (5.99X | ) | |||||||||||