Exhibit 12.1
WADDELL & REED FINANCIAL, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
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Nine Months |
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Ended |
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Year Ended |
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September 30, |
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December 31, |
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2011 |
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2010 |
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2009 |
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2008 |
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2007 |
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2006 |
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Earnings: |
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Income from continuing operations before provision for income taxes |
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$ |
219,275 |
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$ |
246,484 |
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$ |
162,156 |
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$ |
156,420 |
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$ |
199,160 |
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$ |
89,200 |
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Fixed charges |
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14,131 |
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20,298 |
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20,008 |
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18,824 |
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18,158 |
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18,379 |
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Total earnings |
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$ |
233,406 |
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$ |
266,782 |
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$ |
182,164 |
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$ |
175,244 |
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$ |
217,318 |
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$ |
107,579 |
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Fixed Charges: |
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Interest expense |
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$ |
8,573 |
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$ |
12,723 |
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$ |
12,695 |
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$ |
12,087 |
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$ |
11,924 |
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$ |
12,227 |
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Portion of rentals representative of interest factor |
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5,558 |
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7,575 |
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7,313 |
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6,737 |
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6,234 |
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6,152 |
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Total fixed charges |
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$ |
14,131 |
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$ |
20,298 |
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$ |
20,008 |
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$ |
18,824 |
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$ |
18,158 |
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$ |
18,379 |
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Ratio of earnings to fixed charges |
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16.52 |
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13.14 |
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9.10 |
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9.31 |
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11.97 |
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5.85 |
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