EXHIBIT 12
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(dollars in thousands)
for the fiscal years ended September 30, | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
Income before taxes excluding equity in income of investees, redeemable noncontrolling interests of consolidated subsidiaries and capitalized interest | $ | 2,050,216 | $ | 1,270,789 | $ | 2,219,602 | $ | 2,406,424 | $ | 1,824,729 | ||||||||||
Additions: | ||||||||||||||||||||
Dividends received from equity method investees | 18,106 | 7,187 | 10,863 | 19,537 | 22,486 | |||||||||||||||
Interest on uncertain tax positions included in income before taxes | 5,064 | 3,507 | 4,252 | 0 | 0 | |||||||||||||||
Fixed charges | ||||||||||||||||||||
Interest expense-excluding interest on deposits | 18,401 | 6,396 | 29,991 | 23,595 | 30,155 | |||||||||||||||
Interest expense-deposits | 4,723 | 6,153 | 8,893 | 14,344 | 14,391 | |||||||||||||||
Interest on uncertain tax positions not related to third party | (5,064 | ) | (3,507 | ) | (4,252 | ) | 0 | 0 | ||||||||||||
Interest factor on rent1 | 22,197 | 19,577 | 19,271 | 17,318 | 16,736 | |||||||||||||||
Total fixed charges | 40,257 | 28,619 | 53,903 | 55,257 | 61,282 | |||||||||||||||
Adjusted earnings | $ | 2,113,643 | $ | 1,310,102 | $ | 2,288,620 | $ | 2,481,218 | $ | 1,908,497 | ||||||||||
Ratio of adjusted earnings to fixed charges including interest on deposits | 52.5 | 45.8 | 42.5 | 44.9 | 31.1 | |||||||||||||||
Ratio of adjusted earnings to fixed charges excluding interest on deposits | 59.3 | 58.0 | 50.6 | 60.3 | 40.4 |
1 | Interest factor on rent represents one-third of rental expense (the approximate portion of rental expense representing interest). |