Year Ended December 31, | |||||||||||||||
2014 | 2013 | 2012 | 2011 | 2010 | |||||||||||
(in thousands, except ratios) | |||||||||||||||
Pretax income from continuing operations | $ | 1,064,699 | $ | 278,611 | $ | (83,517 | ) | $ | 339,001 | $ | 314,896 | ||||
Add: Fixed charges | 117,147 | 102,758 | 77,841 | 58,030 | 29,558 | ||||||||||
Add: Amortization of capitalized interest | 11,448 | 11,784 | 9,095 | 5,107 | 2,991 | ||||||||||
Less: Capitalized interest | (16,165 | ) | (10,952 | ) | (12,135 | ) | (10,785 | ) | (4,337 | ) | |||||
Earnings before fixed charges | $ | 1,177,129 | $ | 382,201 | $ | (8,716 | ) | $ | 391,353 | $ | 343,108 | ||||
Fixed charges: | |||||||||||||||
Interest expense (1) | $ | 98,554 | $ | 89,711 | $ | 63,720 | $ | 45,849 | $ | 24,196 | |||||
Capitalized interest | 16,165 | 10,952 | 12,135 | 10,785 | 4,337 | ||||||||||
Interest expense component of rent (2) | 2,428 | 2,095 | 1,986 | 1,396 | 1,025 | ||||||||||
Total fixed charges | $ | 117,147 | $ | 102,758 | $ | 77,841 | $ | 58,030 | $ | 29,558 | |||||
Ratio of earnings to fixed charges | 10.0 | 3.7 | — | 6.7 | 11.6 | ||||||||||
Insufficient coverage | $ | — | $ | — | $ | 86,557 | $ | — | $ | — | |||||