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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2014 |
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2013 |
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2012 |
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2011 |
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2010 |
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2009 |
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Earnings: |
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Income from continuing operations before provision for income taxes |
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$ |
365,858 |
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$ |
393,231 |
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$ |
301,004 |
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$ |
276,919 |
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$ |
240,361 |
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$ |
159,492 |
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Fixed charges |
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13,832 |
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18,660 |
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18,918 |
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18,861 |
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20,303 |
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19,903 |
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Total earnings |
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$ |
379,690 |
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$ |
411,891 |
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$ |
319,922 |
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$ |
295,780 |
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$ |
260,664 |
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$ |
179,395 |
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Fixed Charges: |
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Interest expense |
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$ |
8,279 |
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$ |
11,244 |
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$ |
11,311 |
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$ |
11,408 |
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$ |
12,728 |
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$ |
12,694 |
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Portion of rentals representative of interest factor |
|
5,553 |
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7,416 |
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7,607 |
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7,453 |
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7,575 |
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7,209 |
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Total fixed charges |
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$ |
13,832 |
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$ |
18,660 |
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$ |
18,918 |
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$ |
18,861 |
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$ |
20,303 |
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$ |
19,903 |
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Ratio of earnings to fixed charges |
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27.45 |
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22.07 |
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16.91 |
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15.68 |
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12.84 |
|
9.01 |
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