EX-12.1 5 a2212988zex-12_1.htm EX-12.1

Exhibit 12.1

 

JANUS CAPITAL GROUP INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Year Ended December 31,

 

(dollars in millions)

 

2012

 

2011

 

2010

 

2009

 

2008

 

 

 

 

 

 

 

 

 

 

 

 

 

Pretax income from continuing operations, excluding equity in earnings of unconsolidated affiliates

 

$

176.6

 

$

232.8

 

$

245.0

 

$

(750.4

)

$

206.8

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

45.0

 

51.0

 

63.2

 

74.0

 

75.5

 

 

 

 

 

 

 

 

 

 

 

 

 

Portion of rents representative of an appropriate interest factor

 

5.2

 

5.9

 

5.5

 

6.7

 

6.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Distributed earnings of less than 50% owned affiliates

 

—

 

—

 

—

 

—

 

9.0

 

 

 

 

 

 

 

 

 

 

 

 

 

Income as adjusted

 

$

226.8

 

$

289.7

 

$

313.7

 

$

(669.7

)

$

297.7

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense on indebtedness

 

$

35.7

 

$

48.8

 

$

55.2

 

$

66.5

 

$

72.3

 

 

 

 

 

 

 

 

 

 

 

 

 

Amortized premiums, discounts and capitalized expenses related to indebtness

 

9.3

 

2.2

 

8.0

 

7.5

 

3.2

 

 

 

 

 

 

 

 

 

 

 

 

 

Portion of rents representative of an appropriate interest factor

 

5.2

 

5.9

 

5.5

 

6.7

 

6.4

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

50.2

 

$

56.9

 

$

68.7

 

$

80.7

 

$

81.9

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of Earnings to Fixed Charges

 

4.52

 

5.09

 

4.57

 

(8.29

)

3.63