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S-3ASR Filing
Affiliated Managers (MGR) S-3ASRAutomatic shelf registration
Filed: 6 Aug 10, 12:00am
Exhibit 12.1
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| Ratio of Earnings to Fixed Charges* |
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| Three Months Ended March 31, |
| Year Ended December 31, |
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| 2010 |
| 2009 |
| 2009 |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
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Pretax income from continuing operations |
| $ | 63,926 |
| $ | 27,157 |
| $ | 240,919 |
| $ | 143,527 |
| $ | 560,235 |
| $ | 446,363 |
| $ | 326,908 |
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Less: Income from equity investees |
| (9,147 | ) | (6,416 | ) | (31,632 | ) | 97,142 |
| (58,197 | ) | (38,318 | ) | (26,971 | ) | |||||||
Add: Fixed charges |
| 21,261 |
| 21,663 |
| 84,768 |
| 88,746 |
| 91,343 |
| 72,736 |
| 52,291 |
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Distributed equity method income |
| 23,187 |
| 18,941 |
| 55,453 |
| 80,487 |
| 53,612 |
| 46,033 |
| 16,565 |
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Earnings available for fixed charges |
| $ | 99,227 |
| $ | 61,345 |
| $ | 349,508 |
| $ | 409,902 |
| $ | 646,993 |
| $ | 526,814 |
| $ | 368,793 |
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Fixed charges: |
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Interest Expense |
| 18,004 |
| 18,153 |
| 70,804 |
| 77,233 |
| 81,535 |
| 63,601 |
| 41,599 |
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FIN 48 Interest Expense |
| (229 | ) | 30 |
| 171 |
| 346 |
| 116 |
| — |
| — |
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Amortization of debt issuance costs |
| 1,847 |
| 1,795 |
| 7,325 |
| 4,192 |
| 2,931 |
| 2,610 |
| 2,834 |
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Estimated portion of rental expense equivalent to interest |
| 1,639 |
| 1,685 |
| 6,468 |
| 6,975 |
| 6,761 |
| 6,525 |
| 7,858 |
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Total fixed charges |
| $ | 21,261 |
| $ | 21,663 |
| $ | 84,768 |
| $ | 88,746 |
| $ | 91,343 |
| $ | 72,736 |
| $ | 52,291 |
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Ratio of earnings to fixed charges |
| 4.7x |
| 2.8x |
| 4.1x |
| 4.6x |
| 7.1x |
| 7.2x |
| 7.1x |
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* For the three months ended March 31, 2010 and 2009, and for each of the years ended December 31, 2009, 2008, 2007, 2006 and 2005, there were no outstanding shares of preferred stock of the Company. Therefore, the ratio of earnings to combined fixed charges and preferred stock dividends is not different from the ratio of earnings to fixed charges for those periods.