- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
- S-4/A Registration of securities issued in business combination transactions
- 3.4 EX-3.4
- 3.5 EX-3.5
- 3.6 EX-3.6
- 3.7 EX-3.7
- 3.8 EX-3.8
- 3.9 EX-3.9
- 3.10 EX-3.10
- 3.11 EX-3.11
- 3.12 EX-3.12
- 3.13 EX-3.13
- 3.14 EX-3.14
- 3.15 EX-3.15
- 3.16 EX-3.16
- 3.17 EX-3.17
- 3.18 EX-3.18
- 3.19 EX-3.19
- 3.20 EX-3.20
- 3.21 EX-3.21
- 3.22 EX-3.22
- 3.23 EX-3.23
- 3.24 EX-3.24
- 3.25 EX-3.25
- 3.26 EX-3.26
- 3.27 EX-3.27
- 3.28 EX-3.28
- 3.29 EX-3.29
- 3.30 EX-3.30
- 3.31 EX-3.31
- 3.32 EX-3.32
- 3.33 EX-3.33
- 3.34 EX-3.34
- 3.35 EX-3.35
- 3.36 EX-3.36
- 3.37 EX-3.37
- 3.38 EX-3.38
- 3.39 EX-3.39
- 3.40 EX-3.40
- 3.41 EX-3.41
- 3.42 EX-3.42
- 5.1 EX-5.1
- 10.7 EX-10.7
- 10.18 EX-10.18
- 10.21 EX-10.21
- 10.22 EX-10.22
- 10.23 EX-10.23
- 12 EX-12
- 23.1 EX-23.1
- CORRESP Corresp
- CORRESP Corresp
Exhibit 12
Nuveen Investments Inc. & Subsidiaries
Computation of Earnings to Fixed Charges
(in thousands)
|
| Predecessor |
| Successor |
| |||||||||||||||
|
|
|
|
|
|
|
| January 1, 2007 |
| November 14, 2007 |
|
|
| Six Months Ended June 30, |
| |||||
|
| 2004 |
| 2005 |
| 2006 |
| to November 13, 2007 |
| to December 31, 2007* |
| 2008* |
| 2008* |
| 2009* |
| |||
Earnings: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Income/(loss) before income taxes |
| $ | 252,506 |
| 278,839 |
| 308,604 |
| 200,124 |
| (47,565 | ) | (2,139,075 | ) | (10,325 | ) | $ | (61,022 | ) | |
Fixed charges |
| 16,061 |
| 31,868 |
| 44,028 |
| 34,916 |
| 40,982 |
| 291,036 |
| 144,896 |
| 142,336 |
| |||
Earnings as defined |
| 268,567 |
| 310,707 |
| 352,632 |
| 235,040 |
| (6,583 | ) | (1,848,039 | ) | 134,571 |
| 81,314 |
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Interest expense, including amortization of premiums, discounts, and capitalized expenses related to indebtedness |
| 12,513 |
| 27,917 |
| 39,553 |
| 30,393 |
| 40,306 |
| 285,334 |
| 142,125 |
| 139,346 |
| |||
Interest component of rent expense (one-third of rent expense) |
| 3,548 |
| 3,951 |
| 4,474 |
| 4,523 |
| 676 |
| 5,702 |
| 2,771 |
| 2,990 |
| |||
Total fixed charges |
| $ | 16,061 |
| 31,868 |
| 44,027 |
| 34,916 |
| 40,982 |
| 291,036 |
| 144,896 |
| 142,336 |
| ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Ratio of earnings to fixed charges: |
| 16.72 |
| 9.75 |
| 8.01 |
| 6.73 |
| (0.16 | ) | (6.35 | ) | 0.93 |
| 0.57 |
| |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||
Deficiency |
| — |
| — |
| — |
| — |
| $ | 47,565 |
| 2,139,075 |
| 10,325 |
| $ | 61,022 |
| |
* Excludes Symphony CLO V.