EX-12.01 9 ex12_01.htm EXHIBIT 12.01
Exhibit 12.01

AllianceBernstein L.P.
Consolidated Ratio Of Earnings To Fixed Charges
 
 
  
Years Ended December 31,
  
 
  
2013
    
2012
    
2011
  
 
  
(in thousands)
  
 
  
   
   
 
Fixed Charges:
  
   
   
 
Interest Expense
  
$
2,962
    
$
3,429
    
$
2,545
  
Estimate of Interest Component In Rent Expense (1)
    
-
      
-
      
-
  
Total Fixed Charges
  
$
2,962
    
$
3,429
    
$
2,545
  
 
                        
Earnings:
                        
Income (Loss) Before Income Taxes and Non-Controlling
  
$
564,251
    
$
202,365
    
$
(208,469
)
Interest in Earnings of Consolidated Entities
                        
Other
    
16,337
      
24,675
      
(6,029
)
Fixed Charges
    
2,962
      
3,429
      
2,545
  
Total Earnings
  
$
583,550
    
$
230,469
    
$
(211,953
)
 
                        
Consolidated Ratio Of Earnings To Fixed Charges
    
197.01
      
67.21
      
N/A
(2) 

(1)
AllianceBernstein L.P. has not entered into financing leases during these periods.
(2)
The ratio of earnings to fixed charges was negative for the year ended December 31, 2011. Additional earnings of $214.5 million would be needed to have a one-to-one ratio of earnings to fixed charges.