EXHIBIT 12.1 Q1 2002 Q1 2001 2001 2000 1999 ------------------------------------------------------------------------------------- Earnings - -------- Earnings before interest and taxes (15,293,614) (6,412,077) (42,270,116) 89,115,221 295,719,923 Equity in (earnings)/losses of investees (983,374) (2,350,034) (10,816,206) (7,917,347) (4,958,981) Distributed earnings of investees 3,707,507 82,092 4,862,563 1,421,402 739,315 Fixed charges adjustments: Amortization of deferred debt exp. 320,637 327,325 1,296,329 1,329,325 1,779,840 Interest component of rental exp. 7,220,149 5,917,811 25,039,503 26,168,213 25,000,820 Amortization of debt discount - 2,907 6,784 11,628 50,303 Amortization of subscription fees on pref sec 75,262 - 169,791 - - Dividends on preferred securities (5,250,000) - (11,238,888) - - Amortization of capitalized interest 1,591,299 1,383,539 6,015,808 5,305,953 4,590,989 Add back Int exp @ JV's - - - - 3,056,801 Add back interest comp of JV rent exp - - - - - ------------------------------------------------------------------------------------- Net Earnings (8,612,134) (1,048,437) (26,934,432) 115,434,395 325,979,010 ===================================================================================== Fixed Charges - ------------- Interest expense 14,234,757 23,451,822 76,227,448 86,036,048 74,679,844 Interest expense @ Gtd Debt JV's - - - - 3,056,801 Capitalized interest 231,073 771,369 1,871,913 5,986,831 7,517,430 Amortization of deferred debt expense 320,637 327,325 1,296,329 1,329,325 1,779,840 Amortization of debt discount - 2,907 6,784 11,628 50,303 Interest component of rental exp. 7,220,149 5,917,811 25,039,503 26,168,213 25,000,820 (1/3 of total rent expense) Dividends on preferred securities 5,250,000 - 11,238,888 - - Amortization of subscription fees on pref sec 75,262 - 169,791 - - Interest component of rental exp @ GDJV's - - - - - (1/3 of total rent expense) ------------------------------------------------------------------------------------- Total Fixed Charges 27,331,878 30,471,234 115,850,656 119,532,045 112,085,038 ===================================================================================== Ratio (0.3) (0.0) (0.2) 1.0 2.9 Dollar amount of deficiency 35,944,012 31,519,671 142,785,088 4,097,650

1998 1997 ------------------------------- Earnings - -------- Earnings before interest and taxes 65,637,048 312,380,869 Equity in (earnings)/losses of investees 11,089,882 (4,196,606) Distributed earnings and investees 2,233,146 3,241,826 Fixed charges adjustments: Amortization of deferred debt exp. 1,683,190 874,068 Interest component of rental exp. 23,579,984 20,575,718 Amortization of debt discount 232,320 - Amortization of subscription fees on pref sec. - - Dividends on preferred securities - - Amortization of capitalized interest 3,595,263 3,009,379 Add back Int exp @ JV's 1,471,910 - Add back interest comp of JV rent exp - - ------------------------------- Net Earnings 109,522,743 335,885,254 =============================== Fixed Charges - ------------- Interest Expense 71,250,535 26,049,978 Interest expense @ Gtd Debt JV's 1,471,910 - Capitalized interest 14,165,626 15,474,860 Amortization of deferred debt expense 1,683,190 874,068 Amortization of debt discount 232,320 - Interest component of rental exp. 23,579,984 20,575,718 (1/3 of total rent expense) Dividends on preferred securities - - Amortization of subscriptoin fees on pref sec - - Interest component of rental exp @ GDJV's - - (1/3 of total rent expense) -------------------------------- Total Fixed Charges 112,383,565 62,974,624 ================================ Ratio 1.0 5.3 Dollar amount of deficiency 2,860,822