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Filing tables
Filing exhibits
- 10-12G Registration of securities
- 3.1 Exhibit 3.1
- 3.2 Exhibit 3.2
- 4.1 Exhibit 4.1
- 4.2 Exhibit 4.2
- 4.3 Exhibit 4.3
- 4.4 Exhibit 4.4
- 4.5 Exhibit 4.5
- 4.6 Exhibit 4.6
- 4.7 Exhibit 4.7
- 4.8 Exhibit 4.8
- 4.9 Exhibit 4.9
- 4.10 Exhibit 4.10
- 4.11 Exhibit 4.11
- 4.12 Exhibit 4.12
- 4.13 Exhibit 4.13
- 4.14 Exhibit 4.14
- 4.15 Exhibit 4.15
- 4.16 Exhibit 4.16
- 4.17 Exhibit 4.17
- 4.18 Exhibit 4.18
- 4.19 Exhibit 4.19
- 4.20 Exhibit 4.20
- 4.21 Exhibit 4.21
- 4.22 Exhibit 4.22
- 4.23 Exhibit 4.23
- 4.24 Exhibit 4.24
- 4.25 Exhibit 4.25
- 4.26 Exhibit 4.26
- 10.1 Exhibit 10.1
- 10.2 Exhibit 10.2
- 10.3 Exhibit 10.3
- 10.4 Exhibit 10.4
- 10.5 Exhibit 10.5
- 10.6 Exhibit 10.6
- 10.7 Exhibit 10.7
- 10.8 Exhibit 10.8
- 10.9 Exhibit 10.9
- 10.10 Exhibit 10.10
- 10.11 Exhibit 10.11
- 10.12 Exhibit 10.12
- 10.13 Exhibit 10.13
- 10.14 Exhibit 10.14
- 10.15 Exhibit 10.15
- 10.16 Exhibit 10.16
- 10.17 Exhibit 10.17
- 10.18 Exhibit 10.18
- 10.19 Exhibit 10.19
- 10.20 Exhibit 10.20
- 10.21 Exhibit 10.21
- 10.22 Exhibit 10.22
- 10.23 Exhibit 10.23
- 10.24 Exhibit 10.24
- 10.25 Exhibit 10.25
- 10.26 Exhibit 10.26
- 10.27 Exhibit 10.27
- 10.28 Exhibit 10.28
- 10.29 Exhibit 10.29
- 10.30 Exhibit 10.30
- 10.31 Exhibit 10.31
- 10.32 Exhibit 10.32
- 10.33 Exhibit 10.33
- 10.34 Exhibit 10.34
- 10.35 Exhibit 10.35
- 10.36 Exhibit 10.36
- 10.37 Exhibit 10.37
- 10.38 Exhibit 10.38
- 10.39 Exhibit 10.39
- 10.40 Exhibit 10.40
- 10.41 Exhibit 10.41
- 10.42 Exhibit 10.42
- 10.43 Exhibit 10.43
- 10.44 Exhibit 10.44
- 10.45 Exhibit 10.45
- 10.46 Exhibit 10.46
- 10.47 Exhibit 10.47
- 10.48 Exhibit 10.48
- 10.49 Exhibit 10.49
- 10.50 Exhibit 10.50
- 10.51 Exhibit 10.51
- 10.52 Exhibit 10.52
- 10.53 Exhibit 10.53
- 10.54 Exhibit 10.54
- 10.55 Exhibit 10.55
- 10.56 Exhibit 10.56
- 10.57 Exhibit 10.57
- 10.58 Exhibit 10.58
- 10.59 Exhibit 10.59
- 10.60 Exhibit 10.60
- 10.61 Exhibit 10.61
- 10.62 Exhibit 10.62
- 10.63 Exhibit 10.63
- 10.64 Exhibit 10.64
- 10.65 Exhibit 10.65
- 10.66 Exhibit 10.66
- 10.67 Exhibit 10.67
- 12.1 Exhibit 12.1
- 12.2 Exhibit 12.2
- 21 Exhibit 21
Filing view
External links
Exhibit 12.1
RATIO OF EARNINGS TO FIXED CHARGES
Three Months | Year Ended December 31, | |||||||||||||||||||||||||||
Ended March 31, | Adjusted | |||||||||||||||||||||||||||
2008(1) | 2007(1) | 2007(1) | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||||||||
(dollars in millions) | ||||||||||||||||||||||||||||
Net income (loss) before cumulative effect of change in accounting principle | $ | (151 | ) | $ | (133 | ) | $ | (3,094 | ) | $ | 2,327 | $ | 2,172 | $ | 2,603 | $ | 4,809 | |||||||||||
Add: | ||||||||||||||||||||||||||||
Income tax expense (benefit) | (423 | ) | (397 | ) | (2,883 | ) | (45 | ) | 358 | 609 | 2,198 | |||||||||||||||||
Minority interests in earnings of consolidated subsidiaries | 3 | 9 | (8 | ) | 58 | 96 | 129 | 157 | ||||||||||||||||||||
Low-income housing tax credit partnerships | 117 | 108 | 469 | 407 | 320 | 282 | 199 | |||||||||||||||||||||
Total interest expense | 8,769 | 9,487 | 38,482 | 37,270 | 29,899 | 26,566 | 26,509 | |||||||||||||||||||||
Interest factor in rental expenses | 2 | 2 | 7 | 6 | 6 | 6 | 5 | |||||||||||||||||||||
Earnings, as adjusted | $ | 8,317 | $ | 9,076 | $ | 32,973 | $ | 40,023 | $ | 32,851 | $ | 30,195 | $ | 33,877 | ||||||||||||||
Fixed charges: | ||||||||||||||||||||||||||||
Total interest expense | $ | 8,769 | $ | 9,487 | $ | 38,482 | $ | 37,270 | $ | 29,899 | $ | 26,566 | $ | 26,509 | ||||||||||||||
Interest factor in rental expenses | 2 | 2 | 7 | 6 | 6 | 6 | 5 | |||||||||||||||||||||
Capitalized interest | — | — | — | — | — | 1 | — | |||||||||||||||||||||
Total fixed charges | $ | 8,771 | $ | 9,489 | $ | 38,489 | $ | 37,276 | $ | 29,905 | $ | 26,573 | $ | 26,514 | ||||||||||||||
Ratio of earnings to fixed charges(2) | — | — | — | 1.07 | 1.10 | 1.14 | 1.28 | |||||||||||||||||||||
(1) | For the ratio of earnings to fixed charges to equal 1.00, earnings, as adjusted must increase by $0.5 billion and $0.4 billion for the first quarter of 2008 and 2007, respectively. For the ratio of earnings to fixed charges to equal 1.00, earnings, as adjusted must increase by $5.5 billion for the year ended December 31, 2007. |
(2) | Ratio of earnings to fixed charges is computed by dividing earnings, as adjusted by total fixed charges. |