EX-12.1 2 ex121123117.htm EXHIBIT 12.1 Exhibit



Exhibit No. 12.1

MUFG AMERICAS HOLDINGS CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 
For the Years Ended December 31,
(In millions, except ratios)
 
2017
 
2016
 
2015
 
2014
 
2013
Excluding Interest on Deposits
 
 

 
 

 
 

 
 

 
 

Income (loss) before income taxes and including noncontrolling interests
 
$
1,333

 
$
1,341

 
$
768

 
$
1,111

 
$
1,082

Fixed Charges:
 
 
 
 

 
 

 
 

 
 

Interest expense, excluding interest on deposits
 
734

 
469

 
345

 
303

 
310

Estimated interest component of net rental expense (1)
 
51

 
38

 
37

 
37

 
36

Total fixed charges
 
785

 
507

 
382

 
340

 
346

Income before income taxes and including noncontrolling interests, excluding fixed charges
 
$
2,118

 
$
1,848

 
$
1,150

 
$
1,451

 
$
1,428

Ratio of earnings to fixed charges
 
2.70

 
3.64

 
3.01

 
4.27

 
4.13

 
 
 
 
 
 
 
 
 
 
 
Including Interest on Deposits
 
 

 
 

 
 

 
 

 
 

Fixed charges
 
$
785

 
$
507

 
$
382

 
$
340

 
$
346

Add: Interest on deposits
 
241

 
194

 
200

 
238

 
248

Total fixed charges including interest on deposits
 
$
1,026

 
$
701

 
$
582

 
$
578

 
$
594

Income before income taxes and including noncontrolling interests, excluding fixed charges as above
 
$
2,118

 
$
1,848

 
$
1,150

 
$
1,451

 
$
1,428

Add: Interest on deposits
 
241

 
194

 
200

 
238

 
248

Total earnings before income taxes and including noncontrolling interests, excluding fixed charges, and including interest on deposits
 
$
2,359

 
$
2,042

 
$
1,350

 
$
1,689

 
$
1,676

Ratio of earnings to fixed charges
 
2.30

 
2.91

 
2.32

 
2.92

 
2.82

 
 
(1)
The proportion deemed representative of the interest factor.