Exhibit 12.1
Invesco Ltd
Ratio of Earnings to Fixed Charges
Nine months ended | Year ended December 31, | |||||||||||||||||||||||
September 30, 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||||||||||||
Income from continuing operations before income taxes | 916.6 | 830.6 | 892.1 | 823.3 | 358.8 | 651.5 | ||||||||||||||||||
Less: Equity in earnings of unconsolidated affiliates | (25.3 | ) | (29.7 | ) | (30.5 | ) | (40.2 | ) | (27.0 | ) | (46.8 | ) | ||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Pre tax income before equity in earnings of unconsolidated affiliates | 891.3 | 800.9 | 861.6 | 783.1 | 331.8 | 604.7 | ||||||||||||||||||
Add: Fixed Charges | 42.2 | 70.7 | 79.3 | 74.3 | 80.0 | 91.7 | ||||||||||||||||||
Add: Dividends from unconsolidated affiliates | 15.6 | 15.6 | 21.3 | 26.0 | 28.3 | 29.8 | ||||||||||||||||||
Net (income)/loss attributable to noncontrolling interests in consolidated entities | 0.9 | 89.8 | 107.7 | (171.1 | ) | 113.2 | 60.7 | |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Earnings | 950.0 | 977.0 | 1,069.9 | 712.3 | 553.3 | 786.9 | ||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Portion of rent expense representing interest | 12.8 | 18.4 | 17.5 | 15.7 | 15.5 | 14.8 | ||||||||||||||||||
Interest | 29.4 | 52.3 | 61.8 | 58.6 | 64.5 | 76.9 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Total fixed charges | 42.2 | 70.7 | 79.3 | 74.3 | 80.0 | 91.7 | ||||||||||||||||||
Ratio of earnings/fixed charges | 22.51 | 13.82 | 13.49 | 9.59 | 6.92 | 8.58 | ||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||
Pro forma calculation: | ||||||||||||||||||||||||
Earnings | 950.0 | 977.0 | ||||||||||||||||||||||
Total fixed charges | 69.7 | 107.3 | ||||||||||||||||||||||
Pro forma ratio of earnings to fixed charges | 13.63 | 9.11 |