CAPSTEAD MORTGAGE CORP - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF INCOME FROM CONTINUING OPERATIONS

file	filename
10-K - FORM 10-K - CAPSTEAD MORTGAGE CORP	d10k.htm
EX-32 - 906 CERTIFICATION OF THE CEO AND CFO - CAPSTEAD MORTGAGE CORP	dex32.htm
EX-21 - LIST OF SUBSIDIARIES - CAPSTEAD MORTGAGE CORP	dex21.htm
EX-23 - CONSENT OF ERNST & YOUNG - CAPSTEAD MORTGAGE CORP	dex23.htm
EX-31.2 - 302(A) CERTIFICATION OF THE CFO - CAPSTEAD MORTGAGE CORP	dex312.htm
EX-31.1 - 302(A) CERTIFICATION OF THE CEO - CAPSTEAD MORTGAGE CORP	dex311.htm
EX-10.07 - FORM OF STOCK AWARD AGREEMENTS FOR EMPLOYEES - CAPSTEAD MORTGAGE CORP	dex1007.htm
EXCEL - IDEA: XBRL DOCUMENT - CAPSTEAD MORTGAGE CORP	Financial_Report.xls

EXHIBIT 12

CAPSTEAD MORTGAGE CORPORATION

COMPUTATION OF RATIO OF NET INCOME TO COMBINED FIXED CHARGES AND

PREFERRED STOCK DIVIDENDS

(In thousands, except ratios)

(Unaudited)

Computation of ratio of net income to combined fixed charges and preferred stock dividends:


	*Year Ended December 31*
	*2010*		*2009*		*2008*		*2007*		*2006*
Fixed charges	$	56,251	$	128,830	$	258,453	$	275,648	$	235,521
Preferred stock dividends		20,233		20,239		20,251		20,256		20,256

Combined fixed charges and preferred stock dividends	$	76,484	$	149,069	$	278,704	$	295,904	$	255,777

Fixed charges	$	56,251	$	128,830	$	258,453	$	275,648	$	235,521
Net income		126,896		129,263		125,923		24,713		3,843

	$	183,147	$	258,093	$	384,376	$	300,361	$	239,364

Ratio of net income to combined fixed charges and preferred stock dividends		2.39:1		1.73:1		1.38:1		1.02:1

Deficiency of net income (before fixed charges) to combined fixed charges and preferred stock dividends									$	16,413

CAPSTEAD MORTGAGE CORP - FORM 10-K - EX-12 - COMPUTATION OF RATIO OF INCOME FROM CONTINUING OPERATIONS - March 1, 2011