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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Bad
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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)
|
| Quarter Ended |
| Year Ended November 30, |
| |||||||||||
Dollars in millions |
| 2008 |
| 2007 |
| 2006 |
| 2005 |
| 2004 |
| |||||
Pre-tax earnings from continuing operations |
| $ | 663 |
| $ | 6,013 |
| $ | 5,905 |
| $ | 4,829 |
| $ | 3,518 |
|
Add: Fixed charges (excluding capitalized interest) |
| 8,694 |
| 39,799 |
| 29,323 |
| 18,040 |
| 9,773 |
| |||||
Pre-tax earnings before fixed charges |
| $ | 9,357 |
| $ | 45,812 |
| $ | 35,228 |
| $ | 22,869 |
| $ | 13,291 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
| |||||
Interest |
| $ | 8,863 |
| $ | 39,746 |
| $ | 29,126 |
| $ | 17,790 |
| $ | 9,674 |
|
Other (1) |
| 37 |
| 132 |
| 108 |
| 125 |
| 114 |
| |||||
Total fixed charges |
| 8,900 |
| 39,878 |
| 29,234 |
| 17,915 |
| 9,788 |
| |||||
Preferred stock dividend requirements |
| 38 |
| 97 |
| 98 |
| 101 |
| 129 |
| |||||
Total combined fixed charges and preferred stock |
|
|
|
|
|
|
|
|
|
|
| |||||
dividends |
| $ | 8,938 |
| $ | 39,975 |
| $ | 29,332 |
| $ | 18,016 |
| $ | 9,917 |
|
Ratio of earnings to fixed charges |
| 1.05 |
| 1.15 |
| 1.21 |
| 1.28 |
| 1.36 |
| |||||
Ratio of earnings to combined fixed charges and |
|
|
|
|
|
|
|
|
|
|
| |||||
preferred stock dividends |
| 1.05 |
| 1.15 |
| 1.20 |
| 1.27 |
| 1.34 |
|
(1) Other fixed charges consist of the interest factor in rentals and capitalized interest.