For the years ended December 31,

2016

2015

2014

2013

2012

Earnings:

Income from continuing operations, net of taxes

$

847,448

$

778,473

$

726,808

$

683,028

$

849,656

Add:

     Provision for income taxes

430,330

343,391

301,043

307,623

88,107

     (Income) loss from equity investees, net

(71,382

)

(80,916

)

(85,631

)

(79,644

)

(60,864

)

     Distributions of income from equity investees

(191,824

)

93,624

104,185

83,912

61,896

     Total interest expense

129,441

108,047

52,687

48,710

50,814

Earnings, as adjusted

$

1,144,013

$

1,242,619

$

1,099,092

$

1,043,629

$

989,609

Fixed charges:

     Total interest expense

$

129,441

$

108,047

$

52,687

$

48,710

$

50,814

Total fixed charges

$

129,441

$

108,047

$

52,687

$

48,710

$

50,814

Preferred stock dividends

-

-

-

-

-

Total combined fixed charges and preferred stock dividends

$

129,441

$

108,047

$

52,687

$

48,710

$

50,814

Ratio of earnings to fixed charges

8.84

11.50

20.86

21.43

19.48

Ratio of earnings to combined fixed charges and preferred stock dividends

8.84

11.50

20.86

21.43

19.48