Exhibit 12.1
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(dollars in thousands) | Nine | Years ended September 30, | ||||||||||||||||||||||
2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
Income before taxes excluding equity in income of investees, noncontrolling interests of consolidated subsidiaries and capitalized interest | $ | 1,949,509 | $ | 2,625,277 | $ | 2,050,216 | $ | 1,270,789 | $ | 2,219,602 | $ | 2,406,424 | ||||||||||||
Additions: | ||||||||||||||||||||||||
Dividends received from equity method investees | 6,909 | 19,953 | 18,106 | 7,187 | 10,863 | 19,537 | ||||||||||||||||||
Interest on uncertain tax positions included in income before taxes | 1,040 | 3,169 | 5,064 | 3,507 | 4,252 | — | ||||||||||||||||||
Fixed charges | ||||||||||||||||||||||||
Interest expense-excluding interest on deposits | 35,731 | 53,696 | 18,401 | 6,396 | 29,991 | 23,595 | ||||||||||||||||||
Interest expense-deposits | 2,259 | 4,138 | 4,723 | 6,153 | 8,893 | 14,344 | ||||||||||||||||||
Interest on uncertain tax positions not related to third party | (1,040 | ) | (3,169 | ) | (5,064 | ) | (3,057 | ) | (4,252 | ) | — | |||||||||||||
Interest factor on rent1 | 14,156 | 20,698 | 22,197 | 19,577 | 19,271 | 17,318 | ||||||||||||||||||
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Total fixed charges | 51,106 | 75,363 | 40,257 | 28,619 | 53,903 | 55,257 | ||||||||||||||||||
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Adjusted earnings | $ | 2,008,564 | $ | 2,723,762 | $ | 2,113,643 | $ | 1,310,102 | $ | 2,288,620 | $ | 2,481,218 | ||||||||||||
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Ratio of adjusted earnings to fixed charges | 39.3x | 36.1x | 52.5x | 45.8x | 42.5x | 44.9x |
1 | Interest factor on rent represents one-third of rental expense (the approximate portion of rental expense representing interest). |