Attached files
| file | filename |
|---|---|
| 8-K - Invesco Ltd. | form8k.htm |
| EX-5.1 - Invesco Ltd. | exhibit51.htm |
| EX-4.1 - Invesco Ltd. | exhibit41.htm |
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE DIVIDENDS
Our ratio of earnings to fixed charges and preference dividends for each of the periods indicated is as follows:
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Three months |
Year ended December 31, | ||||||
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$ in millions |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 | ||
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Income before income taxes, including gains and losses attributable to noncontrolling interests |
$264.6 |
$357.5 |
$657.0 |
$1,243.8 |
$1,034.3 |
$482.5 | ||
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Less: Equity in earnings of unconsolidated affiliates |
(5.8) |
(27.0) |
(46.8) |
(48.1) |
(4.3) |
(0.7) | ||
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Pre tax income before income from equity in earnings of unconsolidated affiliates |
258.8 |
330.5 |
610.2 |
1,195.7 |
1,030.0 |
481.8 | ||
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Add: Fixed Charges |
16.5 |
81.7 |
93.3 |
90.5 |
92.7 |
102.7 | ||
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Add: Amortization of capitalized interest |
0 |
0 |
0 |
0 |
0 |
0 | ||
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Add: Dividends from unconsolidated affiliates |
1.2 |
28.3 |
29.8 |
1.8 |
0.9 |
0.0 | ||
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Less: Interest capitalized |
0 |
0 |
0 |
0 |
0 |
0 | ||
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Less: Noncontrolling interests in consolidated entities, net |
(119.5) |
113.2 |
60.7 |
(212.9) |
(297.0) |
(111.5) | ||
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Earnings |
157.0 |
553.7 |
794.0 |
1,075.1 |
826.6 |
473.0 | ||
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Fixed charges: |
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Portion of rent expense representing interest |
4.1 |
17.2 |
16.4 |
19.2 |
15.5 |
17.6 | ||
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Interest |
12.4 |
64.5 |
76.9 |
71.3 |
77.2 |
85.1 | ||
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Total fixed charges |
16.5 |
81.7 |
93.3 |
90.5 |
92.7 |
102.7 | ||
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Ratio of earnings/fixed charges |
9.52 |
6.78 |
8.51 |
11.88 |
8.92 |
4.61 | ||
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