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EXHIBIT 12.1
Ratio of Earnings to Fixed Charges
Theratioofearningstofixedchargesforeachoftheperiodsindicatedisasfollows.
Year Ended December 31,
2015 2014 2013 2012 2011
Ratioofearningstofixedcharges(1) —  —  —  —  —
(1)Forthepurposeofcalculatingsuchratios,“earnings”consistofincomefromcontinuingoperationsbeforeincometaxesplusfixedchargesand“fixedcharges”
consistofinterestexpense(netofcapitalizedportion),capitalizedinterest,amortizationofdebtdiscountandtheportionofrentalexpenserepresentativeofinterest
expense.Earningswereinadequatetocoverthefixedchargesby$912.8million,$295.4million,$73.5million,$403.3million,and$259.0million,fortheyears
endedDecember31,2015,2014,2013,2012,and2011,respectively.