EX-12 4 a2218398zex-12.htm EX-12

Exhibit 12

 

WADDELL & REED FINANCIAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

 

 

Year Ended

 

 

 

December 31,

 

 

 

2013

 

2012

 

2011

 

2010

 

2009

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before provision for income taxes

 

$

393,231

 

$

301,004

 

$

276,919

 

$

240,361

 

$

159,492

 

Fixed charges

 

18,660

 

18,918

 

18,861

 

20,303

 

19,903

 

Total earnings

 

$

411,891

 

$

319,922

 

$

295,780

 

$

260,664

 

$

179,395

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

11,244

 

$

11,311

 

$

11,408

 

$

12,728

 

$

12,694

 

Portion of rentals representative of interest factor

 

7,416

 

7,607

 

7,453

 

7,575

 

7,209

 

Total fixed charges

 

$

18,660

 

$

18,918

 

$

18,861

 

$

20,303

 

$

19,903

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

22.07

 

16.91

 

15.68

 

12.84

 

9.01