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

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10-Q - FORM 10-Q - CAPSTEAD MORTGAGE CORP	d10q.htm
EX-32 - CEO AND CFO CERTIFICATION PURSUANT TO SECTION 906 - CAPSTEAD MORTGAGE CORP	dex32.htm
EX-31.2 - CFO CERTIFICATION PURSUANT TO SECTION 302 - CAPSTEAD MORTGAGE CORP	dex312.htm
EX-31.1 - CEO CERTIFICATION PURSUANT TO SECTION 302 - CAPSTEAD MORTGAGE CORP	dex311.htm

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:


	*Six Months* *Ended* *June 30, 2011*
			*Year Ended December 31,*
			*2010*		*2009*		*2008*		*2007*		*2006*
Fixed charges	$	30,407	$	56,251	$	128,830	$	258,453	$	275,648	$	235,521
Preferred stock dividends		10,118		20,233		20,239		20,251		20,256		20,256

Combined fixed charges and preferred stock dividends	$	40,525	$	76,484	$	149,069	$	278,704	$	295,904	$	255,777

Fixed charges	$	30,407	$	56,251	$	128,830	$	258,453	$	275,648	$	235,521
Net income		77,233		126,896		129,263		125,923		24,713		3,843

	$	107,640	$	183,147	$	258,093	$	384,376	$	300,361	$	239,364

Ratio of net income to combined fixed charges and preferred stock dividends		2.66:1		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-Q - EX-12 - COMPUTATION OF RATIO OF INCOME FROM CONTINUING OPERATIONS - August 1, 2011