Bank of America (BAC) 10-Q2008 Q1 Quarterly report

Filed: 8 May 08, 12:00am

Content analysis

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

New words: AA, ABS, absolute, accelerated, acquiree, advantage, advice, affirmed, ALCO, arrearage, ATM, attempt, auction, automatic, backtesting, behavioral, beneficial, broadcast, building, built, Bulletin, byGCIB, callable, ceased, chaired, closeout, CLTV, CMASdiscussion, commonly, conferred, consecutive, conservative, context, contingent, conversion, coordination, count, CRC, criteria, culture, decided, depreciation, desk, discretionary, downturn, draft, earlier, economy, emphasize, evidence, evolve, exhausted, experiential, explanation, fact, failure, FDIC, feasible, FICO, Florida, foreclosed, formulating, found, fourteen, fractional, frequency, front, GCSBBsecuritization, GRC, headcount, heavily, highest, highlight, holder, inappropriate, incidentally, inConsumer, ineffective, input, intrinsic, involuntary, IPO, Island, lagged, LIBOR, lieu, likelihood, lingering, linked, Lock, lowest, machinery, macro, mark, matrix, met, metric, modest, modification, monoline, moved, negotiated, neutral, noncard, noncontractual, noncontrolling, nondiscretionary, notably, notice, OAS, obsolescence, OCA, OCC, occasion, occupancy, occurrence, ofNote, otherGCIB, Otherto, outcome, owed, pari, passu, perception, permitted, permitting, pertain, point, power, predefined, predominately, Principlesto, prioritize, proactive, proceeding, progressed, proportionate, quantify, ranking, readily, realignment, recessionary, refreshed, registrant, reliability, remote, representation, resizing, respond, Rightsto, role, royalty, SAB, scenario, score, SEC, seller, semiannual, Servicesnet, sharply, shopping, show, sinking, situation, SIV, spending, stadium, subside, subsidiary, synthetic, taxpayer, television, tentative, tentatively, theColumbia, theTreasury, threatened, toTreasury, transferee, TRS, unsettled, unsuccessful, variance, vintage, voluntary, VRDN, weakest, whichGCIB, wider, withinColumbia, withinGCIBwhich, withinGlobal, workout, wrapped, writedown

Removed: accrual, agreed, al, analyzed, andCapital, averageCard, BAS, bulk, byConsumer, certification, Chase, consortium, deduction, deferral, denied, disciplined, duty, eliminate, endorsing, examination, exclusively, exhibit, extraterritorial, FAS, Finally, Finanziaria, firm, FleetBoston, Fleischer, forConsumer, formerMortgageandHome, Friedman, guidance, homebuilding, immaterial, imprecision, inCapital, inin, intoConsumer, introducing, Involved, irrevocable, IRS, JP, lapse, law, leader, led, legislation, lessor, Lowe, Mae, modestly, Morgan, motion, mutually, noncash, objective, onConsumer, originating, outlining, Parmalat, pending, phase, plaintiff, plausible, post, predicted, predictive, premium, prohibited, recalculate, recalculated, recognizing, redesignated, reflection, remeasurement, rental, requirement, rescinded, rescission, resolution, retroactive, returned, Sallie, scale, Serfin, shareholder, slightly, SLM, sound, Southern, strength, strong, taxing, technical, temporary, tested, theCapital, TheOther, transition, ultra, unamortized, uncertain, warehoused

Search this filing

Filing tables

Export all tables to Excel

Filing exhibits

Related press release

BAC similar filings

Filing view

Default size S M L
Default font Times Arial

External links

Share this filing


Bank of America Corporation and Subsidiaries				Exhibit 12
Ratio of Earnings to Fixed Charges
Ratio of Earnings to Fixed Charges and Preferred Dividends
(Dollars in millions)	Three Months Ended March 31, 2008	Year Ended December 31
(Dollars in millions)	Three Months Ended March 31, 2008	2007	2006	2005	2004	2003
*Excluding Interest on Deposits*

Income before income taxes	$1,798	$20,924	$31,973	$24,480	$20,908	$15,781
Equity in undistributed earnings of unconsolidated subsidiaries	(106)	(95)	(315)	(151)	(135)	(125)
Fixed charges:
Interest expense	7,280	34,778	29,514	18,397	9,072	6,105
1/3 of net rent expense⁽¹⁾	187	669	609	585	512	398
Total fixed charges	7,467	35,447	30,123	18,982	9,584	6,503
Preferred dividend requirements	282	254	33	27	23	6
Fixed charges and preferred dividends	7,749	35,701	30,156	19,009	9,607	6,509
Earnings	$9,159	$56,276	$61,781	$43,311	$30,357	$22,159
Ratio of earnings to fixed charges	1.23	1.59	2.05	2.28	3.17	3.41

Ratio of earnings to fixed charges and preferred dividends	1.18	1.58	2.05	2.28	3.16	3.40


	Three Months Ended March 31, 2008	Year Ended December 31
(Dollars in millions)	Three Months Ended March 31, 2008	2007	2006	2005	2004	2003
*Including Interest on Deposits*

Income before income taxes	$1,798	$20,924	$31,973	$24,480	$20,908	$15,781
Equity in undistributed earnings of unconsolidated subsidiaries	(106)	(95)	(315)	(151)	(135)	(125)
Fixed charges:
Interest expense	11,868	52,871	43,994	27,889	14,993	10,667
1/3 of net rent expense⁽¹⁾	187	669	609	585	512	398
Total fixed charges	12,055	53,540	44,603	28,474	15,505	11,065
Preferred dividend requirements	282	254	33	27	23	6
Fixed charges and preferred dividends	12,337	53,794	44,636	28,501	15,528	11,071
Earnings	$13,747	$74,369	$76,261	$52,803	$36,278	$26,721
Ratio of earnings to fixed charges	1.14	1.39	1.71	1.85	2.34	2.41

Ratio of earnings to fixed charges and preferred dividends	1.11	1.38	1.71	1.85	2.34	2.41

⁽¹⁾ Represents an appropriate interest factor.

We use cookies on this site to provide a more responsive and personalized service. Continuing to browse, clicking I Agree, or closing this banner indicates agreement. See our Cookie Policy for more information.