EX-12.1 8 dstex121123113.htm EXHIBIT 12.1 DST EX 12.1 12.31.13


Exhibit 12.1
DST Systems, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)
 
2013
 
2012
 
2011
 
2010
 
2009
Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees
$
521,874

 
$
487,385

 
$
252,336

 
$
439,811

 
$
316,782

Add:
 
 
 
 
 
 
 
 
 
Fixed Charges
48,199

 
58,274

 
60,343

 
57,840

 
52,816

Amortization of capitalized interest
50

 
56

 
53

 
56

 
56

Distributed earnings of equity investees
129,412

 
4,540

 
—

 
2,517

 
29,606

Subtract:
 
 
 
 
 
 
 
 
 
Capitalized Interest
—

 
—

 
—

 
—

 
—

Pretax income as adjusted
$
699,535

 
$
550,255

 
$
312,732

 
$
500,224

 
$
399,260

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
34,528

 
$
43,514

 
$
46,476

 
$
46,133

 
$
42,175

Interest capitalized
—

 
—

 
—

 
—

 
—

 
34,528

 
43,514

 
46,476

 
46,133

 
42,175

Portion of rents representative of an appropriate interest factor
13,671

 
14,760

 
13,867

 
11,707

 
10,641

Total fixed charges
$
48,199

 
$
58,274

 
$
60,343

 
$
57,840

 
$
52,816

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
14.5

 
9.4

 
5.2

 
8.6

 
7.6