FRANKLIN RESOURCES INC - FORM 10-K - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - November 13, 2017

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EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - FRANKLIN RESOURCES INCexhibit32193017.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - FRANKLIN RESOURCES INCexhibit32293017.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - FRANKLIN RESOURCES INCexhibit31293017.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - FRANKLIN RESOURCES INCexhibit31193017.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - FRANKLIN RESOURCES INCexhibit2393017.htm
EX-21 - LIST OF SUBSIDIARIES - FRANKLIN RESOURCES INCexhibit2193017.htm
EX-10.10 - NAMED EXECUTIVE OFFICER COMPENSATION AS OF OCTOBER 1, 2017 - FRANKLIN RESOURCES INCexhibit101093017.htm
EX-10.6 - 2002 UNIVERSAL STOCK INCENTIVE PLAN (AS AMENDED & RESTATED EFF JUNE 14, 2017) - FRANKLIN RESOURCES INCexhibit106093017.htm
EX-10.5 - 1998 EMPLOYEE STOCK INVESTMENT PLAN (AS AMENDED & RESTATED EFF SEPT 13, 2017) - FRANKLIN RESOURCES INCexhibit105093017.htm
10-K - FORM 10-K - FRANKLIN RESOURCES INCform10k93017.htm


EXHIBIT 12
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions)
 
2017
 
2016
 
2015
 
2014
 
2013
for the fiscal years ended September 30,
 
 
 
 
 
Income before taxes excluding income (losses) from equity method investees
 
$
2,441.2

 
$
2,443.1

 
$
3,091.6

 
$
3,341.5

 
$
2,952.6

Additions:
 
 
 
 

 
 

 
 

 
 

Dividends received from equity method investees
 
9.5

 
10.9

 
21.9

 
13.3

 
18.8

Interest on uncertain tax positions included in income before taxes
 
1.6

 
(1.3
)
 
(6.6
)
 
2.4

 
1.0

Fixed charges
 
 
 
 

 
 

 
 

 
 

Interest expense excluding interest on deposits
 
51.5

 
49.9

 
39.6

 
47.4

 
48.9

Interest expense on deposits
 
—

 
—

 
—

 
0.2

 
1.2

Interest on uncertain tax positions not related to third party
 
(1.6
)
 
1.3

 
6.6

 
(2.4
)
 
(1.0
)
Interest factor on rent 1
 
18.8

 
23.1

 
19.3

 
19.4

 
19.1

Total fixed charges
 
68.7

 
74.3

 
65.5

 
64.6

 
68.2

Adjusted earnings
 
$
2,521.0

 
$
2,527.0

 
$
3,172.4

 
$
3,421.8

 
$
3,040.6

Ratio of adjusted earnings to fixed charges including interest on deposits
 
36.7

 
34.0

 
48.4

 
53.0

 
44.6

Ratio of adjusted earnings to fixed charges excluding interest on deposits
 
36.7

 
34.0

 
48.4

 
53.1

 
45.4

________________
1        Interest factor on rent represents one-third of rental expense (the approximate portion of rental expense representing interest).



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