Exhibit 12.1
Ratio of Earnings to Fixed Charges and Preferred Stock Dividends
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Three Months |
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Ended |
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Year Ended December 31, |
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March 31, 2018 |
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2017 |
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2016 |
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2015 |
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2014 |
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2013 |
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(In thousands, except ratio amounts) |
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Income from continuing operations before income taxes |
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$ |
338,593 |
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$ |
297,757 |
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$ |
330,235 |
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$ |
475,512 |
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$ |
93,401 |
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$ |
659,451 |
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Fixed charges (interest expenses and preferred stock dividends) |
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110,307 |
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375,310 |
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213,284 |
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141,790 |
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107,450 |
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100,407 |
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Earnings adjusted |
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448,900 |
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673,067 |
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543,519 |
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617,302 |
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200,851 |
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759,858 |
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Ratio of earnings to fixed charges and preferred stock dividends |
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4.1 |
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1.8 |
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2.5 |
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4.4 |
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1.9 |
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7.6 |
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