Exhibit 12.1

 

Ratio of Earnings to Fixed Charges and Preferred Stock Dividends

 

 

 

Three Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

Year Ended December 31,

 

 

 

March 31, 2018

 

2017

 

2016

 

2015

 

2014

 

2013

 

 

 

(In thousands, except ratio amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before income taxes

 

$

338,593

 

$

297,757

 

$

330,235

 

$

475,512

 

$

93,401

 

$

659,451

 

Fixed charges (interest expenses and preferred stock dividends)

 

110,307

 

375,310

 

213,284

 

141,790

 

107,450

 

100,407

 

Earnings adjusted

 

448,900

 

673,067

 

543,519

 

617,302

 

200,851

 

759,858

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges and preferred stock dividends

 

4.1

 

1.8

 

2.5

 

4.4

 

1.9

 

7.6