Exhibit 12.1
INVESCO MORTGAGE CAPITAL INC. AND SUBSIDIARIES
RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS
The following table sets forth the calculation of our earnings to fixed charges for the periods shown:
Year Ended December 31 | ||||||||||||||||||||
($ in thousands) | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||
Net Income | 334,490 | 281,915 | 98,399 | 15,094 | (22 | ) | ||||||||||||||
Add: Fixed Charges | ||||||||||||||||||||
Interest Expense | 237,405 | 155,241 | 29,556 | 4,627 | — | |||||||||||||||
Preferred Stock Dividends | 5,395 | — | — | — | — | |||||||||||||||
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Total combined fixed charges | 242,800 | 155,241 | 29,556 | 4,627 | — | |||||||||||||||
Total earnings available for fixed charges and preferred stock dividends | $ | 577,290 | $ | 437,156 | $ | 127,955 | $ | 19,721 | $ | (22 | ) | |||||||||
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Ratio of earnings to combined fixed charges and preferred stock dividends | 2.4x | 2.8x | 4.3x | 4.3x | N/A | |||||||||||||||
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