Attached files
file | filename |
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EX-32.2 - EXHIBIT 32.2 - CITIZENS FINANCIAL GROUP INC/RI | a322certexhibitcfo906-q120.htm |
EX-32.1 - EXHIBIT 32.1 - CITIZENS FINANCIAL GROUP INC/RI | a321certexhibitceo906-q120.htm |
EX-31.2 - EXHIBIT 31.2 - CITIZENS FINANCIAL GROUP INC/RI | a312certexhibitcfo302-q120.htm |
EX-31.1 - EXHIBIT 31.1 - CITIZENS FINANCIAL GROUP INC/RI | a311certexhibitceo302-q120.htm |
EX-12.2 - EXHIBIT 12.2 - CITIZENS FINANCIAL GROUP INC/RI | a122compratioearningscombf.htm |
EX-10.1 - EXHIBIT 10.1 - CITIZENS FINANCIAL GROUP INC/RI | exhibit101.htm |
10-Q - 10-Q - CITIZENS FINANCIAL GROUP INC/RI | citizens10-qxq12018.htm |
EXHIBIT 12.1
CITIZENS FINANCIAL GROUP, INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months Ended | Year Ended December 31, | ||||||||||||||||||||||
(dollars in millions) | March 31, 2018 | 2017 | 2016 | 2015 | 2014 | 2013(2) | |||||||||||||||||
Computation of Earnings: | |||||||||||||||||||||||
Income (loss) from continuing operations before income tax expense | $501 | $1,912 | $1,534 | $1,263 | $1,268 | ($3,468 | ) | ||||||||||||||||
Fixed charges | 250 | 799 | 559 | 503 | 417 | 499 | |||||||||||||||||
Total Adjusted Earnings | $751 | $2,711 | $2,093 | $1,766 | $1,685 | ($2,969 | ) | ||||||||||||||||
Computation of Fixed Charges: | |||||||||||||||||||||||
Interest expense | $237 | $747 | $508 | $452 | $363 | $443 | |||||||||||||||||
Portion of net rental expense deemed representative of interest (1) | 13 | 52 | 51 | 51 | 54 | 56 | |||||||||||||||||
Total Fixed Charges | $250 | $799 | $559 | $503 | $417 | $499 | |||||||||||||||||
Ratio of Earnings to Fixed Charges | 3.0 | 3.4 | 3.7 | 3.5 | 4.0 | (5.9 | ) |
(1) The portion of rents shown as representative of the interest factor is one-quarter of total net operating lease expenses.
(2) The deficiency for this period was $3,468 million due in part to a goodwill impairment charge of $4,435 million ($4,080 million after tax).