EX-12.1 3 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Statement of Computation Of Ratio of Earnings to Fixed Charges

Exhibit 12.1

BlackRock, Inc.

Computation of Earnings to Fixed Charges

 

     Year ended December 31,
     Three months ended
March 31, 2005
  
     2000
     2001
     2002
     2003
     2004
    

Pre-tax income

    $ 149,917     $ 180,991     $ 223,948     $ 250,902     $ 200,438     $ 74,354  

Add: Fixed charges

      3,104       3,215       4,726       5,211       5,590       3,790  

         Distributions from equity investees

      —         —         1,008       3,144       2,276       —    

Less: Income from equity investees

      (187 )     (687 )     (2,098 )     (4,912 )     (2,549 )     (3,945 )
    
 
 
 
 
 

Pre-tax income before fixed charges

    $ 152,834     $ 183,519     $ 227,584     $ 254,345     $ 205,755     $ 74,199  
    
 
 
 
 
 

Fixed charges:

                                                 

Interest

    $ 855     $ 761     $ 683     $ 720     $ 835     $ 2,014  

Portion of rent representative of interest

      2,249       2,454       4,043       4,491       4,755       1,776  
    
 
 
 
 
 

Total fixed charges

    $ 3,104     $ 3,215     $ 4,726     $ 5,211     $ 5,590     $ 3,790  
    
 
 
 
 
 

Ratio of earnings to fixed charges

      49.24       57.09       48.15       48.81       36.81       19.58