Years ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||
Earnings: | ||||||||||||||||||||
Add: | ||||||||||||||||||||
Income (loss) before income taxes | $ | 176,168 | $ | (2,648,176 | ) | $ | 147,909 | $ | 713,828 | $ | (836,856 | ) | ||||||||
Income of equity investees | — | — | 8,439 | (22,323 | ) | (75,444 | ) | |||||||||||||
Cash distributions from equity investees | — | — | 19,830 | 20,906 | 11,100 | |||||||||||||||
Fixed charges | 193,500 | 183,761 | 190,812 | 193,575 | 175,465 | |||||||||||||||
Deduct: | ||||||||||||||||||||
Interest capitalized | (7,703 | ) | (18,423 | ) | (7,416 | ) | (4,750 | ) | (6,127 | ) | ||||||||||
Noncontrolling interest | — | — | — | (9,724 | ) | (12,234 | ) | |||||||||||||
Earnings for computation | $ | 361,965 | $ | (2,482,838 | ) | $ | 359,574 | $ | 891,512 | $ | (744,096 | ) | ||||||||
Fixed charges: | ||||||||||||||||||||
Gross interest expense | $ | 165,381 | $ | 172,502 | $ | 172,696 | $ | 174,906 | $ | 155,696 | ||||||||||
Amortization of debt issuance/discount | 26,920 | 9,854 | 16,510 | 17,226 | 18,410 | |||||||||||||||
Portion of rents representative of interest | 1,199 | 1,405 | 1,606 | 1,443 | 1,359 | |||||||||||||||
Total fixed charges | $ | 193,500 | $ | 183,761 | $ | 190,812 | $ | 193,575 | $ | 175,465 | ||||||||||
Ratio of earnings to fixed charges | 1.9 | — | 1.9 | 4.6 | — | |||||||||||||||
Earnings insufficient to cover fixed charges | N/A | $ | (2,666,599 | ) | N/A | N/A | $ | (919,561 | ) | |||||||||||