Attached files

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10-K - 10-K - DST SYSTEMS INCa2196877z10-k.htm
EX-32 - EXHIBIT 32 - DST SYSTEMS INCa2196877zex-32.htm
EX-3.1 - EXHIBIT 3.1 - DST SYSTEMS INCa2196877zex-3_1.htm
EX-99.1 - EXHIBIT 99.1 - DST SYSTEMS INCa2196877zex-99_1.htm
EX-31.2 - EXHIBIT 31.2 - DST SYSTEMS INCa2196877zex-31_2.htm
EX-10.4 - EXHIBIT 10.4 - DST SYSTEMS INCa2196877zex-10_4.htm
EX-10.3 - EXHIBIT 10.3 - DST SYSTEMS INCa2196877zex-10_3.htm
EX-10.1 - EXHIBIT 10.1 - DST SYSTEMS INCa2196877zex-10_1.htm
EX-31.1 - EXHIBIT 31.1 - DST SYSTEMS INCa2196877zex-31_1.htm
EX-10.2 - EXHIBIT 10.2 - DST SYSTEMS INCa2196877zex-10_2.htm
EX-21.1 - EXHIBIT 21.1 - DST SYSTEMS INCa2196877zex-21_1.htm
EX-23.1 - EXHIBIT 23.1 - DST SYSTEMS INCa2196877zex-23_1.htm

Exhibit 12.1

 

DST Systems, Inc.

Computation of Ratio of Earnings to Fixed Charges

(dollars in thousands)

 

 

 

2009

 

2008

 

2007

 

2006

 

2005

 

Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees

 

$

316,782

 

$

275,333

 

$

1,326,644

 

$

268,517

 

$

643,937

 

 

 

 

 

 

 

 

 

 

 

 

 

Add:

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges

 

52,816

 

68,103

 

77,480

 

158,256

 

104,331

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortization of capitalized interest

 

56

 

55

 

126

 

120

 

139

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributed earnings of equity investees

 

29,606

 

651

 

565

 

36,035

 

684

 

 

 

 

 

 

 

 

 

 

 

 

 

Subtract:

 

 

 

 

 

 

 

 

 

 

 

Capitalized Interest

 

 

 

(86

)

(3

)

(87

)

(28

)

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income as adjusted

 

$

399,260

 

$

344,056

 

$

1,404,812

 

$

462,841

 

$

749,063

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

42,175

 

$

55,408

 

$

60,259

 

$

139,600

 

$

80,900

 

Interest capitalized

 

 

 

86

 

3

 

87

 

28

 

 

 

42,175

 

55,494

 

60,262

 

139,687

 

80,928

 

 

 

 

 

 

 

 

 

 

 

 

 

Portion of rents representative of an appropriate interest factor

 

10,641

 

12,609

 

17,218

 

18,570

 

23,403

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

52,816

 

$

68,103

 

$

77,480

 

$

158,257

 

$

104,331

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

7.6

 

5.1

 

18.1

 

2.9

 

7.2