EX-12 6 dstex12123117.htm EXHIBIT 12 Exhibit


Exhibit 12
DST Systems, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in millions)
 
2017
 
2016
 
2015
 
2014
 
2013
Pretax income from continuing operations before adjustment for non-controlling interest and income or loss from equity investees
$
477.4

 
$
252.0

 
$
413.4

 
$
710.0

 
$
480.5

Add:
 
 
 
 
 
 
 
 
 
Fixed Charges
36.4

 
30.9

 
31.7

 
35.2

 
42.2

Amortization of capitalized interest
—

 
—

 
—

 
0.1

 
0.1

Distributed earnings of equity investees
—

 
0.4

 
3.5

 
1.8

 
129.4

Subtract:
 
 
 
 
 
 
 
 
 
Capitalized interest
—

 
—

 
—

 
—

 
—

Pretax loss attributable to non-controlling interest
0.9

 
(1.4
)
 
(0.1
)
 
—

 
—

Pretax income as adjusted
$
512.9

 
$
284.7

 
$
448.7

 
$
747.1

 
$
652.2

 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
$
26.8

 
$
23.5

 
$
23.8

 
$
26.3

 
$
34.2

Interest capitalized
—

 
—

 
—

 
—

 
—

 
26.8

 
23.5

 
23.8

 
26.3

 
34.2

Portion of rents representative of an appropriate interest factor
9.6

 
7.4

 
7.9

 
8.9

 
8.0

Total fixed charges
$
36.4

 
$
30.9

 
$
31.7

 
$
35.2

 
$
42.2

 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
14.1

 
9.2

 
14.2

 
21.2

 
15.5