DST Systems (DST) 10-K 2010 FY Annual report

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Exhibit 12.1

DST Systems, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)

	2010		2009		2008			2007			2006
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees	$	439,811	$	316,782	$	275,333		$	1,326,644		$	268,517
Add:
Fixed Charges		57,840		52,816		68,103			77,480			158,256
Amortization of capitalized interest		56		56		55			126			120
Distributed earnings of equity investees		2,517		29,606		651			565			36,035
Subtract:
Capitalized Interest						(86	)		(3	)		(87	)
Pretax income as adjusted	$	500,224	$	399,260	$	344,056		$	1,404,812		$	462,841
Fixed charges:
Interest expense	$	46,133	$	42,175	$	55,408		$	60,259		$	139,600
Interest capitalized						86			3			87
		46,133		42,175		55,494			60,262			139,687
Portion of rents representative of an appropriate interest factor		11,707		10,641		12,609			17,218			18,570
Total fixed charges	$	57,840	$	52,816	$	68,103		$	77,480		$	158,257
Ratio of earnings to fixed charges		8.6		7.6		5.1			18.1			2.9

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Exhibit 12.1

DST Systems, Inc. Computation of Ratio of Earnings to Fixed Charges (dollars in thousands)