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Content analysis
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Uncertain | ||
Constraining | ||
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Litigous | ||
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- 10-Q Quarterly report
- 3.08 (I) Articles of Incorporation; (Ii) Bylaws
- 3.09 (I) Articles of Incorporation; (Ii) Bylaws
- 10.05 Material Contracts
- 10.06 Material Contracts
- 12.01 Statements Regarding Computation of Ratios
- 15.01 Letter Re Unaudited Interim Financial Information
- 31.01 302 Certification
- 31.02 302 Certification
- 32.01 906 Certification
- 32.02 906 Certification
EXHIBIT 12.01
LEHMAN BROTHERS HOLDINGS INC.
Computation of Ratios of Earnings to Fixed Charges and
to Combined Fixed Charges and Preferred Stock Dividends
(Unaudited)
|
| Three Months Ended |
| Year Ended November 30 |
| |||||||||||
Dollars in millions |
| 2006 |
| 2005 |
| 2004 |
| 2003 |
| 2002 |
| |||||
Pre-tax earnings from continuing operations |
| $ | 1,551 |
| $ | 4,829 |
| $ | 3,518 |
| $ | 2,536 |
| $ | 1,399 |
|
Add: Fixed charges (excluding capitalized interest) |
| 5,870 |
| 18,040 |
| 9,773 |
| 8,724 |
| 10,709 |
| |||||
Pre-tax earnings before fixed charges |
| $ | 7,421 |
| $ | 22,869 |
| $ | 13,291 |
| $ | 11,260 |
| $ | 12,108 |
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Fixed charges: |
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|
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Interest |
| $ | 5,846 |
| $ | 17,790 |
| $ | 9,674 |
| $ | 8,640 |
| $ | 10,626 |
|
Other (1) |
| 32 |
| 125 |
| 114 |
| 119 |
| 103 |
| |||||
Total fixed charges |
| 5,878 |
| 17,915 |
| 9,788 |
| 8,759 |
| 10,729 |
| |||||
Preferred stock dividend requirements |
| 24 |
| 101 |
| 129 |
| 143 |
| 155 |
| |||||
Total combined fixed charges and preferred stock dividends |
| $ | 5,902 |
| $ | 18,016 |
| $ | 9,917 |
| $ | 8,902 |
| $ | 10,884 |
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Ratio of earnings to fixed charges |
| 1.26 |
| 1.28 |
| 1.36 |
| 1.29 |
| 1.13 |
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Ratio of earnings to combined fixed charges and preferred stock dividends |
| 1.26 |
| 1.27 |
| 1.34 |
| 1.26 |
| 1.11 |
|
(1) Other fixed charges consist of the interest factor in rentals and capitalized interest.