Attached files
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EX-23 - EX-23 - KEYCORP /NEW/ | d245820dex23.htm |
8-K - FORM 8-K - KEYCORP /NEW/ | d245820d8k.htm |
Exhibit 12
KEYCORP
COMPUTATION OF CONSOLIDATED RATIO OF EARNINGS TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(dollars in millions)
(unaudited)
Six months ended June 30, |
Year ended December 31, | |||||||||||||||||||||||||||
2016 | 2015 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||||||||||||||||||||
Computation of Earnings |
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Net income (loss) attributable to Key |
$ | 390 | $ | 471 | $ | 916 | $ | 900 | $ | 910 | $ | 858 | $ | 920 | ||||||||||||||
Add: Provision for income taxes |
125 | 158 | 303 | 326 | 271 | 231 | 364 | |||||||||||||||||||||
Less: Income (loss) from discontinued operations, net of taxes |
4 | 8 | 1 | (39 | ) | 40 | 23 | (35 | ) | |||||||||||||||||||
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Income (loss) before income taxes and cumulative effect of accounting change |
511 | 621 | 1,218 | 1,265 | 1,141 | 1,066 | 1,319 | |||||||||||||||||||||
Fixed charges, excluding interest on deposits |
109 | 89 | 185 | 160 | 154 | 200 | 248 | |||||||||||||||||||||
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Total earnings for computation, excluding interest on deposits |
620 | 710 | 1,403 | 1,425 | 1,295 | 1,266 | 1,567 | |||||||||||||||||||||
Interest on deposits |
65 | 52 | 105 | 117 | 158 | 257 | 390 | |||||||||||||||||||||
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Total earnings for computation, including interest on deposits |
$ | 685 | $ | 762 | $ | 1,508 | $ | 1,542 | $ | 1,453 | $ | 1,523 | $ | 1,957 | ||||||||||||||
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Computation of Fixed Charges |
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Net rental expense |
$ | 53 | $ | 51 | $ | 104 | $ | 104 | $ | 111 | $ | 109 | $ | 106 | ||||||||||||||
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Portion of net rental expense deemed representative of interest |
$ | 8 | $ | 8 | $ | 16 | $ | 16 | $ | 17 | $ | 16 | $ | 16 | ||||||||||||||
Interest on short-term borrowed funds |
5 | 4 | 9 | 11 | 10 | 11 | 16 | |||||||||||||||||||||
Interest on long-term debt |
96 | 77 | 160 | 133 | 127 | 173 | 216 | |||||||||||||||||||||
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Total fixed charges, excluding interest on deposits |
109 | 89 | 185 | 160 | 154 | 200 | 248 | |||||||||||||||||||||
Interest on deposits |
65 | 52 | 105 | 117 | 158 | 257 | 390 | |||||||||||||||||||||
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Total fixed charges, including interest on deposits |
$ | 174 | $ | 141 | $ | 290 | $ | 277 | $ | 312 | $ | 457 | $ | 638 | ||||||||||||||
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Combined Fixed Charges and Preferred Stock Dividends |
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Preferred stock dividend requirement on a pre-tax basis |
$ | 11 | $ | 11 | $ | 23 | $ | 22 | $ | 23 | $ | 22 | $ | 107 | ||||||||||||||
Total fixed charges, excluding interest on deposits |
109 | 89 | 185 | 160 | 154 | 200 | 248 | |||||||||||||||||||||
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Combined fixed charges and preferred stock dividends, excluding interest on deposits |
120 | 100 | 208 | 182 | 177 | 222 | 355 | |||||||||||||||||||||
Interest on deposits |
65 | 52 | 105 | 117 | 158 | 257 | 390 | |||||||||||||||||||||
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Combined fixed charges and preferred stock dividends, including interest on deposits |
$ | 185 | $ | 152 | $ | 313 | $ | 299 | $ | 335 | $ | 479 | $ | 745 | ||||||||||||||
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Ratio of Earnings to Fixed Charges |
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Excluding deposit interest |
5.69 | 7.98 | 7.58 | 8.91 | 8.41 | 6.33 | 6.32 | |||||||||||||||||||||
Including deposit interest |
3.94 | 5.40 | 5.20 | 5.57 | 4.66 | 3.33 | 3.07 | |||||||||||||||||||||
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
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Excluding deposit interest |
5.17 | 7.10 | 6.75 | 7.83 | 7.32 | 5.70 | 4.41 | |||||||||||||||||||||
Including deposit interest |
3.70 | 5.01 | 4.82 | 5.16 | 4.34 | 3.18 | 2.63 |