SUTHERLAND ASSET MANAGEMENT CORPORATION
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN THOUSANDS, EXCEPT RATIOS)
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| For the year ended December 31, |
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|
| 2017 |
| 2016 |
| 2015 |
| 2014 |
| 2013 |
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|
|
|
|
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|
|
|
|
|
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Fixed Charges |
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Interest-Expensed |
| $ | 74,646 |
| $ | 57,772 |
| $ | 47,806 |
| $ | 19,245 |
| $ | 2,183 |
|
Total Fixed Charges |
| $ | 74,646 |
| $ | 57,772 |
| $ | 47,806 |
| $ | 19,245 |
| $ | 2,183 |
|
Earnings |
|
|
|
|
|
|
|
|
|
|
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Net Income |
| $ | 45,439 |
| $ | 53,406 |
| $ | 44,768 |
| $ | 32,722 |
| $ | 460 |
|
Add Back: |
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|
|
|
|
|
|
|
|
|
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Fixed Charges |
| $ | 74,646 |
| $ | 57,772 |
| $ | 47,806 |
| $ | 19,245 |
| $ | 2,183 |
|
Total Earnings (Loss) |
| $ | 120,085 |
| $ | 111,178 |
| $ | 92,574 |
| $ | 51,967 |
| $ | 2,643 |
|
Ratio of Earnings to Fixed Charges |
| 1.61x |
| 1.92x |
| 1.94x |
| 2.70x |
| 1.21x |
|
SUTHERLAND ASSET MANAGEMENT CORPORATION
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(IN THOUSANDS, EXCEPT RATIOS)
|
| For the year ended December 31, |
| |||||||||||||
|
| 2017 |
| 2016 |
| 2015 |
| 2014 |
| 2013 |
| |||||
|
|
|
|
|
|
|
|
|
|
|
| |||||
Fixed Charges |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest-Expensed |
| $ | 74,646 |
| $ | 57,772 |
| $ | 47,806 |
| $ | 19,245 |
| $ | 2,183 |
|
Preferred Stock Dividends |
| $ | — |
| $ | — |
| $ | 13 |
| $ | 16 |
| $ | 3 |
|
Total Fixed Charges |
| $ | 74,646 |
| $ | 57,772 |
| $ | 47,819 |
| $ | 19,261 |
| $ | 2,186 |
|
Earnings |
|
|
|
|
|
|
|
|
|
|
| |||||
Net Income |
| $ | 45,439 |
| $ | 53,406 |
| $ | 44,768 |
| $ | 32,722 |
| $ | 460 |
|
Add Back: |
|
|
|
|
|
|
|
|
|
|
| |||||
Fixed Charges |
| $ | 74,646 |
| $ | 57,772 |
| $ | 47,819 |
| $ | 19,261 |
| $ | 2,186 |
|
Total Earnings (Loss) |
| $ | 120,085 |
| $ | 111,178 |
| $ | 92,587 |
| $ | 51,983 |
| $ | 2,646 |
|
Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends |
| 1.61x |
| 1.92x |
| 1.94x |
| 2.70x |
| 1.21x |
|