$200,000,000 Debt Securities Common Stock Preferred Stock1 Depositary Shares Stock Purchase Contracts Stock Purchase Units Warrants _____________________
From time to time, we may offer, issue and sell up to an aggregate of $200,000,000 of any combination of the following types of securities: debt securities, which may be senior or subordinated, convertible or non-convertible; shares of our common stock; shares of our preferred stock1; depositary shares; stock purchase contracts; stock purchase units; and warrants to purchase debt securities, common stock, preferred stock or depositary shares. This prospectus describes some of the general terms that may apply to the offered securities. The specific terms and amounts of the offered securities will be fully described in supplements to this prospectus, which may add, update or change information in this prospectus.
I see that they filed an ammended S-3 again for this shelf offering, but the only change I can see is that they updated the "RATIO OF EARNINGS TO FIXED CHARGES" section to include Q3 results.
Not clear to me what this ratio means, but it has come down steadily over the last 5 years from 25 to about 4 now. The filing gives this explaination:
For this ratio, earnings consist of earnings before income taxes on income, extraordinary items and net cumulative effect of accounting changes, adjusted for undistributed earnings of less-than-fifty-percent-owned affiliates. Fixed charges consist of interest expensed and capitalized, plus the portion of rent expense under operating leases deemed by us to be representative of the interest factor.