| (3 months) | ||||||||||||||||||||||||
| Earnings | Q1 2006) | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||||||||||
Income from continuing operations |
$ | 19,630 | $ | 134,921 | $ | 65,593 | $ | 58,599 | $ | 74,802 | $ | 104,564 | ||||||||||||
Add: |
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Minority interest in income of majority owned subsidiaries |
9,662 | 53,553 | 33,117 | 31,835 | 18,880 | 20,995 | ||||||||||||||||||
Fixed charges |
55,050 | 223,707 | 206,357 | 188,205 | 186,955 | 174,400 | ||||||||||||||||||
Amortization of capitalized interest |
695 | 2,044 | 1,577 | 1,364 | 1,191 | 849 | ||||||||||||||||||
Distributed income from unconsolidated entities |
326 | 2,752 | 2,971 | 5,345 | 6,423 | 5,341 | ||||||||||||||||||
Less: |
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Interest capitalization |
(8,533 | ) | (29,503 | ) | (18,687 | ) | (8,526 | ) | (6,919 | ) | (13,650 | ) | ||||||||||||
Income from unconsolidated entities and other |
(2,088 | ) | (10,770 | ) | (3,781 | ) | (5,445 | ) | (5,674 | ) | (5,467 | ) | ||||||||||||
Total earnings |
$ | 74,742 | $ | 376,704 | $ | 287,147 | $ | 271,377 | $ | 275,658 | $ | 287,032 | ||||||||||||
Fixed charges |
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Interest on indebtedness (including amortization of premiums and financings costs) |
39,406 | 164,700 | 160,067 | 148,798 | 151,027 | 129,591 | ||||||||||||||||||
Interest capitalized |
8,533 | 29,503 | 18,687 | 8,526 | 6,919 | 13,650 | ||||||||||||||||||
Portion of rents representative of the interest factor |
2,110 | 8,031 | 7,442 | 6,274 | 3,860 | 2,477 | ||||||||||||||||||
Preferred distributions of consolidated subsidiaries |
5,001 | 21,473 | 20,161 | 24,607 | 25,149 | 28,682 | ||||||||||||||||||
Total fixed charges |
$ | 55,050 | $ | 223,707 | $ | 206,357 | $ | 188,205 | $ | 186,955 | $ | 174,400 | ||||||||||||
Earnings to fixed charges |
1.4 | 1.7 | 1.4 | 1.4 | 1.5 | 1.6 | ||||||||||||||||||