Exhibit 12.1
CME GROUP INC.
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands, except ratios)
Year Ended December 31, | Three Months Ended March 31, | |||||||||||||||||
2003 | 2004 | 2005 | 2006 | 2007 | 2008 | |||||||||||||
Earnings | ||||||||||||||||||
Pre-tax income from continuing operations | $ | 206,125 | $ | 367,656 | $ | 508,379 | $ | 671,657 | $ | 1,095,802 | $ | 407,237 | ||||||
Add: | ||||||||||||||||||
Fixed charges | 2,898 | 3,720 | 3,360 | 3,566 | 10,451 | 4,098 | ||||||||||||
Losses from equity investees | 4,958 | 3,593 | 2,636 | 835 | 832 | 321 | ||||||||||||
Total earnings including fixed charges | $ | 213,981 | $ | 374,969 | $ | 514,375 | $ | 676,058 | $ | 1,107,085 | $ | 411,656 | ||||||
Fixed Charges | ||||||||||||||||||
Interest, amortized premiums, discounts and capitalized expenses related to indebtedness | $ | 632 | $ | 401 | $ | 319 | $ | 223 | $ | 3,625 | $ | 2,104 | ||||||
Estimate of the interest within rental expense | 2,266 | 3,319 | 3,041 | 3,343 | 6,826 | 1,994 | ||||||||||||
Total fixed charges | $ | 2,898 | $ | 3,720 | $ | 3,360 | $ | 3,566 | $ | 10,451 | $ | 4,098 | ||||||
Ratio of Earnings to Fixed Charges | 73.84x | 100.80x | 153.09x | 189.58x | 105.93x | 100.45x |