Attached files
| file | filename |
|---|---|
| EX-32.1 - EX-32.1 - PENSON WORLDWIDE INC | d79495exv32w1.htm |
| EX-31.2 - EX-31.2 - PENSON WORLDWIDE INC | d79495exv31w2.htm |
| EX-31.1 - EX-31.1 - PENSON WORLDWIDE INC | d79495exv31w1.htm |
| EX-21.1 - EX-21.1 - PENSON WORLDWIDE INC | d79495exv21w1.htm |
| EX-32.2 - EX-32.2 - PENSON WORLDWIDE INC | d79495exv32w2.htm |
| EX-23.1 - EX-23.1 - PENSON WORLDWIDE INC | d79495exv23w1.htm |
| EX-10.44 - EX-10.44 - PENSON WORLDWIDE INC | d79495exv10w44.htm |
| EX-10.43 - EX-10.43 - PENSON WORLDWIDE INC | d79495exv10w43.htm |
| 10-K - FORM 10-K - PENSON WORLDWIDE INC | d79495e10vk.htm |
Exhibit 12.1
STATEMENTS
REGARDING COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED
CHARGES
| Year Ended December 31, | ||||||||||||||||||||
| 2010 | 2009 | 2008 | 2007 | 2006 | ||||||||||||||||
|
Earnings:
|
||||||||||||||||||||
|
Income (loss) from continuing operations before income taxes
|
$ | (29,216 | ) | $ | 25,836 | $ | 16,649 | $ | 41,958 | $ | 37,578 | |||||||||
|
Fixed charges excluding interest from securities operations
|
33,310 | 12,535 | 5,911 | 5,193 | 4,420 | |||||||||||||||
|
Subtotal
|
4,094 | 38,371 | 22,560 | 47,151 | 41,998 | |||||||||||||||
|
Interest expense from securities operations
|
22,269 | 34,279 | 90,699 | 140,077 | 89,429 | |||||||||||||||
|
Total
|
$ | 26,363 | $ | 72,650 | $ | 113,259 | $ | 187,228 | $ | 131,427 | ||||||||||
|
Fixed charges:
|
||||||||||||||||||||
|
Interest expense on long-term debt
|
$ | 30,829 | $ | 10,344 | $ | 3,854 | $ | 2,894 | $ | 2,951 | ||||||||||
|
Interest factor in rents and other interest-bearing liabilities
|
2,481 | 2,191 | 2,057 | 2,299 | 1,469 | |||||||||||||||
|
Subtotal
|
33,310 | 12,535 | 5,911 | 5,193 | 4,420 | |||||||||||||||
|
Interest expense from securities operations
|
22,269 | 34,279 | 90,699 | 140,077 | 89,429 | |||||||||||||||
|
Total
|
$ | 55,579 | $ | 46,814 | $ | 96,610 | $ | 145,270 | $ | 93,849 | ||||||||||
|
Ratio of earnings to fixed charges:
|
||||||||||||||||||||
|
Including interest expense from securities operations
|
0.5 | 1.6 | 1.2 | 1.3 | 1.4 | |||||||||||||||
|
Excluding interest expense from securities operations
|
0.1 | 3.1 | 3.8 | 9.1 | 9.5 | |||||||||||||||