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- 10-K Annual report
- 3 Amended and Restated Certificate of Incorporation
- 4 Amended and Restated Agency Agreement Dated August 21, 2006
- 4 Issuing and Paying Agreement Dated May 23, 2006
- 4 Tenth Supplemental Indenture Dated March 28, 2006
- 4 Eleventh Supplemental Indenture Dated May 23, 2006
- 4 Twelth Supplemental Indenture Dated August 2, 2006
- 4 Third Supplemental Indenture Dated As of December 21, 2005
- 4 Agency Agreement Dated August 27, 2003
- 4 Agency Agreement Dated September 15, 2004
- 4 Australian MTN Deed Poll
- 4 Agreement and Appointment of Acceptance Dated As of December 29, 2006
- 10 Bank of America Director Deferral Plan
- 12 Ratio of Earnings to Fixed Charges
- 21 List of Subsidiaries
- 23 Consent of Pricewaterhousecoopers LLP
- 24 Power of Attorney
- 24 Corporate Resolution
- 31 Certification of CEO Pursuant to Section 302
- 31 Certification of CFO Pursuant to Section 302
- 32 Certification of CEO Pursuant to 18 U.s.c Section 1350
- 32 Certification of CFO Pursuant to 18 U.s.c Section 1350
- CORRESP Corresp
Exhibit 12
Bank of America Corporation and Subsidiaries Ratio of Earnings to Fixed Charges Ratio of Earnings to Fixed Charges and Preferred Dividends |
(Dollars in millions) | 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||
Excluding Interest on Deposits | ||||||||||||||||||||
Income before income taxes | $ | 31,973 | $ | 24,480 | $ | 20,908 | $ | 15,781 | $ | 13,479 | ||||||||||
Equity in undistributed earnings of unconsolidated subsidiaries | (315 | ) | (151 | ) | (135 | ) | (125 | ) | (6 | ) | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | 29,514 | 18,397 | 9,072 | 6,105 | 6,363 | |||||||||||||||
1/3 of net rent expense (1) | 609 | 585 | 512 | 398 | 383 | |||||||||||||||
Total fixed charges | 30,123 | 18,982 | 9,584 | 6,503 | 6,746 | |||||||||||||||
Preferred dividend requirements | 33 | 27 | 23 | 6 | 6 | |||||||||||||||
Fixed charges and preferred dividends | 30,156 | 19,009 | 9,607 | 6,509 | 6,752 | |||||||||||||||
Earnings | $ | 61,781 | $ | 43,311 | $ | 30,357 | $ | 22,159 | $ | 20,219 | ||||||||||
Ratio of earnings to fixed charges | 2.05 | 2.28 | 3.17 | 3.41 | 3.00 | |||||||||||||||
Ratio of earnings to fixed charges and preferred dividends | 2.05 | 2.28 | 3.16 | 3.40 | 2.99 | |||||||||||||||
(Dollars in millions) | 2006 | 2005 | 2004 | 2003 | 2002 | |||||||||||||||
Including Interest on Deposits | ||||||||||||||||||||
Income before income taxes | $ | 31,973 | $ | 24,480 | $ | 20,908 | $ | 15,781 | $ | 13,479 | ||||||||||
Equity in undistributed earnings of unconsolidated subsidiaries | (315 | ) | (151 | ) | (135 | ) | (125 | ) | (6 | ) | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | 43,994 | 27,889 | 14,993 | 10,667 | 11,632 | |||||||||||||||
1/3 of net rent expense (1) | 609 | 585 | 512 | 398 | 383 | |||||||||||||||
Total fixed charges | 44,603 | 28,474 | 15,505 | 11,065 | 12,015 | |||||||||||||||
Preferred dividend requirements | 33 | 27 | 23 | 6 | 6 | |||||||||||||||
Fixed charges and preferred dividends | 44,636 | 28,501 | 15,528 | 11,071 | 12,021 | |||||||||||||||
Earnings | $ | 76,261 | $ | 52,803 | $ | 36,278 | $ | 26,721 | $ | 25,488 | ||||||||||
Ratio of earnings to fixed charges | 1.71 | 1.85 | 2.34 | 2.41 | 2.12 | |||||||||||||||
Ratio of earnings to fixed charges and preferred dividends | 1.71 | 1.85 | 2.34 | 2.41 | 2.12 |
(1) | Represents an appropriate interest factor. |