- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Bad
|
- 10-K Annual report
- PDF Form 10-K - PDF
- 3 Amended and Restated Certificate of Incorporation
- 4 Global Agency Agreement Dated July 25, 2007
- 4 Supplement to Global Agency Agreement Dated December 19, 2008
- 4 Amended and Restated Agency Agreement Dated December 5, 2008
- 10 Bank of America Pension Restoration Plan
- 10 Bank of America 401(K) Restoration Plan
- 10 Retirement Income Assurance Plan for Legacy Fleet
- 10 Mbna Corporation Supplemental Executive Retirement Plan
- 10 Supplemental Executive Insurance Plan
- 10 Mbna Corporation Executive Deferred Compensation Plan
- 10 Mbna Corporation 1997 Long Term Incentive Plan
- 10 Cancellation Agreement
- 10 Executive Non-competition Agreement
- 10 Agreement Regarding Participation In the Mbna Corp. Supp. Exec. Plan
- 10 Merrill Lynch & Co., Inc. Employee Stock Compensation Plan
- 10 Bank of America Corporation Plan Amendments
- 10 Bank of America Additional Plan Amendments
- 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 the CEO Pursuant to Section 302 of the Sarbanes-oxley Act
- 31 Certification of the CFO Pursuant to Section 302 of the Sarbanes-oxley Act
- 32 Certification of the CEO Pursuant to Section 906 of the Sarbanes-oxley Act
- 32 Certification of the CFO Pursuant to Section 906 of the Sarbanes-oxley Act
Exhibit 12
Bank of America Corporation and Subsidiaries Ratio of Earnings to Fixed Charges Ratio of Earnings to Fixed Charges and Preferred Dividends |
Year Ended December 31 | |||||||||||||||||||||||
(Dollars in millions) | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||||
Excluding Interest on Deposits | |||||||||||||||||||||||
Income before income taxes | $ | 4,428 | $ | 20,924 | $ | 31,973 | $ | 24,480 | $ | 20,908 | $ | 15,781 | |||||||||||
Equity in undistributed earnings of unconsolidated subsidiaries | 144 | (95 | ) | (315 | ) | (151 | ) | (135 | ) | (125 | ) | ||||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | 25,074 | 34,778 | 29,514 | 18,397 | 9,072 | 6,105 | |||||||||||||||||
1/3 of net rent expense(1) | 791 | 669 | 609 | 585 | 512 | 398 | |||||||||||||||||
Total fixed charges | 25,865 | 35,447 | 30,123 | 18,982 | 9,584 | 6,503 | |||||||||||||||||
Preferred dividend requirements | 1,461 | 254 | 33 | 27 | 23 | 6 | |||||||||||||||||
Fixed charges and preferred dividends | 27,326 | 35,701 | 30,156 | 19,009 | 9,607 | 6,509 | |||||||||||||||||
Earnings | $ | 30,437 | $ | 56,276 | $ | 61,781 | $ | 43,311 | $ | 30,357 | $ | 22,159 | |||||||||||
Ratio of earnings to fixed charges | 1.18 | 1.59 | 2.05 | 2.28 | 3.17 | 3.41 | |||||||||||||||||
Ratio of earnings to fixed charges and preferred dividends | 1.11 | 1.58 | 2.05 | 2.28 | 3.16 | 3.40 | |||||||||||||||||
Year Ended December 31 | |||||||||||||||||||||||
(Dollars in millions) | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | |||||||||||||||||
Including Interest on Deposits | |||||||||||||||||||||||
Income before income taxes | $ | 4,428 | $ | 20,924 | $ | 31,973 | $ | 24,480 | $ | 20,908 | $ | 15,781 | |||||||||||
Equity in undistributed earnings of unconsolidated subsidiaries | 144 | (95 | ) | (315 | ) | (151 | ) | (135 | ) | (125 | ) | ||||||||||||
Fixed charges: | |||||||||||||||||||||||
Interest expense | 40,324 | 52,871 | 43,994 | 27,889 | 14,993 | 10,667 | |||||||||||||||||
1/3 of net rent expense(1) | 791 | 669 | 609 | 585 | 512 | 398 | |||||||||||||||||
Total fixed charges | 41,115 | 53,540 | 44,603 | 28,474 | 15,505 | 11,065 | |||||||||||||||||
Preferred dividend requirements | 1,461 | 254 | 33 | 27 | 23 | 6 | |||||||||||||||||
Fixed charges and preferred dividends | 42,576 | 53,794 | 44,636 | 28,501 | 15,528 | 11,071 | |||||||||||||||||
Earnings | $ | 45,687 | $ | 74,369 | $ | 76,261 | $ | 52,803 | $ | 36,278 | $ | 26,721 | |||||||||||
Ratio of earnings to fixed charges | 1.11 | 1.39 | 1.71 | 1.85 | 2.34 | 2.41 | |||||||||||||||||
Ratio of earnings to fixed charges and preferred dividends | 1.07 | 1.38 | 1.71 | 1.85 | 2.34 | 2.41 |
(1) | Represents an appropriate interest factor. |