Franklin Resources (BEN) 10-K2011 FY Annual report

Filed: 15 Nov 11, 12:00am

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. freshman Avg

New words: agree, agreed, amid, amidst, assume, assumed, AUM, BEM, benchmark, chance, channel, codified, Colombia, Comptroller, conjunction, content, Cordova, correlated, decision, default, delivering, discovered, documented, downgrade, driver, encrypt, essentially, eVestment, expenditure, expert, flat, Fort, FTIF, gave, incident, incorrect, insurrection, interaction, Lauderdale, member, model, Morningstar, notified, OCC, outperformed, peer, perspective, preliminary, prepay, progressed, progression, proportionate, Pty, Rancho, remediation, remote, Rensburg, rent, reversed, rollforward, safety, sentiment, Slovakia, stale, stalled, substantive, tsunami, unspent, validated, valuable, variance, viable, view, VOE, wholly

Removed: Advancesare, AGF, aggregating, alexander, amend, Assistant, automatic, barring, cancelled, certification, collected, computation, cv, DCA, dedicated, defendant, defer, denying, Depositsare, designated, determinable, DONNA, duty, excluding, fashioned, February, financed, Fischer, FRISBIE, GIBSON, granting, guaranteed, HOLLY, Huneault, IG, IKEDA, inInternal, introduce, iv, KRATTER, LAFL, LESLIE, LFL, Lightning, liquidate, locally, merge, Montreal, multinational, necessarily, NORMAN, Northern, Notesare, NYSBD, Ontario, oriented, OTS, overdraft, PENELOPE, Peter, popular, preferred, projection, Province, Quebec, realizable, repaid, repatriated, Sacerdote, Sacramento, seasoned, shelf, structured, styled, substitute, supervisor, thousand, umbrella

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

BEN similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing

EXHIBIT 12

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES



(dollars in thousands)	2011			2010			2009			2008			2007
for the fiscal years ended September 30,	2011			2010			2009			2008			2007
Income before taxes excluding equity in income of investees, noncontrolling interests of consolidated subsidiaries and capitalized interest	$	2,625,277		$	2,050,216		$	1,270,789		$	2,219,602		$	2,406,424
Additions:
Dividends received from equity method investees	19,953			18,106			7,187			10,863			19,537
Interest on uncertain tax positions included in income before taxes	3,169			5,064			3,507			4,252			—
Fixed charges
Interest expense - excluding interest on deposits	53,696			18,401			6,396			29,991			23,595
Interest expense - deposits	4,138			4,723			6,153			8,893			14,344
Interest on uncertain tax positions not related to third party	(3,169		)	(5,064		)	(3,507		)	(4,252		)	—
Interest factor on rent¹	20,698			22,197			19,577			19,271			17,318
Total fixed charges	75,363			40,257			28,619			53,903			55,257
Adjusted earnings	$	2,723,762		$	2,113,643		$	1,310,102		$	2,288,620		$	2,481,218
Ratio of adjusted earnings to fixed charges including interest on deposits	36.1			52.5			45.8			42.5			44.9
Ratio of adjusted earnings to fixed charges excluding interest on deposits	38.2			59.3			58.0			50.6			60.3

________________

¹Interest factor on rent represents one-third of rental expense (the approximate portion of rental expense representing interest).