EXHIBIT 12 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
<TABLE>
June 30, Year Ended
<S> <C> <C> <C> <C> <C> <C> <C>
2000 1999 1999 1998 1997 1996 1995
Income before income
taxes, equity in earnings of non-
consolidated affiliates and
extraordinary item 40,702 172,799 220,213 117,922 104,077 71,240 49,817
Dividends and other received from
nonconsolidated affiliates 920 10,539 7,079 9,168 4,624 10,430 1,432
Total 41,622 183,338 227,292 127,090 108,701 81,670 51,249
Fixed Charges
Interest expense 125,460 78,842 192,321 135,766 75,076 30,080 20,752
Amortization of loan fees 156 649 1,970 2,220 1,451 506 1,004
Interest portion of rentals 40,536 9,627 24,511 16,044 6,120 424 361
Total fixed charges 166,152 89,118 218,802 154,030 82,647 31,010 22,117
Preferred stock dividends
Tax effect of preferred dividends -- -- -- -- -- -- --
After tax preferred dividends - - - - - - -
Total fixed charges and
preferred dividends 166,152 89,118 218,802 154,030 82,647 31,010 22,117
Total earnings available for
payment of fixed charges 207,774 272,456 446,094 281,120 191,348
112,680 73,366
Ratio of earnings to fixed
Charges 1.25 3.06 2.04 1.83 2.32 3.63 3.32
Rental fees and charges 202,678 120,333 306,393 200,550 76,500 5,299 4,510
Interest rate 20% 8% 8% 8% 8% 8% 8%
</TABLE>
