EX-12 5 wdr-20161231ex1207a5066.htm EX-12 wdr_Ex12

Exhibit 12

 

WADDELL & REED FINANCIAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

 

 

Year Ended

 

 

 

December 31,

 

 

    

2016

    

2015

    

2014

    

2013

    

2012

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before provision for income taxes

 

$
224,508 

 

$
399,540 

 

$
490,163 

 

$
393,231 

 

$
301,004 

 

Fixed charges

 

 
19,146 

 

 
18,888 

 

 
18,494 

 

 
18,660 

 

 
18,918 

 

Total earnings

 

$
243,654 

 

$
418,428 

 

$
508,657 

 

$
411,891 

 

$
319,922 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$
11,123 

 

$
11,068 

 

$
11,042 

 

$
11,244 

 

$
11,311 

 

Portion of rentals representative of interest factor

 

 
8,023 

 

 
7,820 

 

 
7,452 

 

 
7,416 

 

 
7,607 

 

Total fixed charges

 

$
19,146 

 

$
18,888 

 

$
18,494 

 

$
18,660 

 

$
18,918 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

 
12.73 

 

 
22.15 

 

 
27.50 

 

 
22.07 

 

 
16.91