EX-12.1

EX-12.1 3 d834176dex121.htm EX-12.1 EX-12.1

Exhibit 12.1

RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS

Year Ended December 31,

Nine Months
Ended

2009

2010

2011

2012

2013

2014

(Dollars in millions)

Ratio of earnings to fixed charges

N/A

8.71

10.74

N/A

1.29

9.77

Ratio of earnings to combined fixed charges and preferred stock dividends

N/A

8.71

10.74

N/A

1.29

9.77

Insufficiency of earnings to cover fixed charges

$

4,574

N/A

N/A

$

319

N/A

N/A

Insufficiency of earnings to cover combined fixed charges and preferred stock dividends

$

4,574

N/A

N/A

$

319

N/A

N/A

N/A means not applicable.