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EX-32 - EXHIBIT 32 - AGNC Investment Corp.agncexhibit3212311610-k.htm
EX-10.7 - EXHIBIT 10.7 - AGNC Investment Corp.exhibit10712311610-k.htm
EX-31.2 - EXHIBIT 31.2 - AGNC Investment Corp.agncexhibit31212311610-k.htm
EX-31.1 - EXHIBIT 31.1 - AGNC Investment Corp.agncexhibit31112311610-k.htm
EX-24 - EXHIBIT 24 - AGNC Investment Corp.exhibit2412311610-k.htm
EX-23 - EXHIBIT 23 - AGNC Investment Corp.exhibit2312311610-k.htm
EX-14 - EXHIBIT 14 - AGNC Investment Corp.exhibit1412311610-k.htm
EX-10.14 - EXHIBIT 10.14 - AGNC Investment Corp.exhibit101412311610-k.htm
EX-10.13 - EXHIBIT 10.13 - AGNC Investment Corp.exhibit101312311610-k.htm
EX-10.11 - EXHIBIT 10.11 - AGNC Investment Corp.exhibit101112311610-k.htm
EX-10.10 - EXHIBIT 10.10 - AGNC Investment Corp.exhibit101012311610-k.htm
EX-10.9 - EXHIBIT 10.9 - AGNC Investment Corp.exhibit10912311610-k.htm
EX-10.8 - EXHIBIT 10.8 - AGNC Investment Corp.exhibit10812311610-k.htm
10-K - 10-K - AGNC Investment Corp.agnc10k123116.htm


Exhibit 12.1

Ratio of Earnings to Fixed Charges and Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
 
The following table sets forth the calculation of our ratio of earnings to fixed charges and our ratio of earnings to combined fixed charges and preferred stock dividends for the periods shown (in millions):

 
 
Fiscal Year
 
 
2016
 
2015
 
2014
 
2013
 
2012
Ratio of earnings to fixed charges:
 
 
 
 
 
 
 
 
 
 
Fixed charges 1
 
$
394

 
$
330

 
$
372

 
$
536

 
$
512

Net income (loss) available (attributable) to common shareholders before provision for income taxes
 
595

 
187

 
(256)
 
1,245

 
1,267

Earnings
 
$
989

 
$
517

 
$
116

 
$
1,781

 
$
1,779

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
2.51

 
1.57

 
0.31

 
3.32

 
3.47

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and preferred stock dividends:
 
 
 
 
 
 
 
 
 
 
Fixed charges 1
 
$
394

 
$
330

 
$
372

 
$
536

 
$
512

Preferred stock dividends
 
28

 
28

 
23

 
14

 
10

Combined fixed charges and preferred stock dividends
 
422
 
358
 
395
 
550
 
522
Net income (loss) available (attributable) to common shareholders before provision for income taxes
 
595

 
187

 
(256)
 
1,245

 
1,267

Earnings
 
$
1,017

 
$
545

 
$
139

 
$
1,795

 
$
1,789

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and preferred stock dividends
 
2.41

 
1.52

 
0.35

 
3.26

 
3.43

_________________________
1.
Fixed charges consist of interest expense, as defined under U.S. generally accepted accounting principles, on all indebtedness.