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EXHIBIT 12
IntercontinentalExchange Group, Inc.
Computation of Ratio of Earnings to Fixed Charges
Year Ended December 31, | ||||||||||||||||||||
2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||||
(in millions, except ratio) | ||||||||||||||||||||
Determination of earnings: | ||||||||||||||||||||
Income before income tax expense and non-controlling interest | $ | 500 | $ | 790 | $ | 760 | $ | 609 | $ | 493 | ||||||||||
Add: Fixed charges | 57 | 39 | 35 | 31 | 24 | |||||||||||||||
Less: (Income) loss attributable to non-controlling interests | (16 | ) | (10 | ) | (12 | ) | (9 | ) | 2 | |||||||||||
Pre-tax earnings before fixed charges | $ | 541 | $ | 819 | $ | 783 | $ | 631 | $ | 519 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense on outstanding debt | $ | 41 | $ | 25 | $ | 19 | $ | 17 | $ | 11 | ||||||||||
Interest expense on line of credit | 3 | 5 | 3 | 3 | 1 | |||||||||||||||
Amortization of debt issuance costs | 8 | 4 | 7 | 6 | 6 | |||||||||||||||
Russell license effective interest expense | 5 | 5 | 6 | 5 | 6 | |||||||||||||||
Total fixed charges | $ | 57 | $ | 39 | $ | 35 | $ | 31 | $ | 24 | ||||||||||
Ratio of earnings to fixed charges | $ | 9.5 | $ | 21.0 | $ | 22.4 | $ | 20.4 | $ | 21.6 |