EX-12.1 8 a2202287zex-12_1.htm EX-12.1
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Exhibit 12.1

DST Systems, Inc.
Computation of Ratio of Earnings to Fixed Charges
(dollars in thousands)

 
  2010   2009   2008   2007   2006  

Pretax income from continuing operations before adjustment for minority interests in consolidated subsidiaries or income or loss from equity investees

  $ 439,811   $ 316,782   $ 275,333   $ 1,326,644   $ 268,517  

Add:

                               

Fixed Charges

    57,840     52,816     68,103     77,480     158,256  

Amortization of capitalized interest

   
56
   
56
   
55
   
126
   
120
 

Distributed earnings of equity investees

   
2,517
   
29,606
   
651
   
565
   
36,035
 

Subtract:

                               

Capitalized Interest

                (86 )   (3 )   (87 )
                       

Pretax income as adjusted

  $ 500,224   $ 399,260   $ 344,056   $ 1,404,812   $ 462,841  
                       

Fixed charges:

                               

Interest expense

  $ 46,133   $ 42,175   $ 55,408   $ 60,259   $ 139,600  

Interest capitalized

                86     3     87  
                       

    46,133     42,175     55,494     60,262     139,687  

Portion of rents representative of an appropriate interest factor

   
11,707
   
10,641
   
12,609
   
17,218
   
18,570
 
                       

Total fixed charges

  $ 57,840   $ 52,816   $ 68,103   $ 77,480   $ 158,257  
                       

Ratio of earnings to fixed charges

    8.6     7.6     5.1     18.1     2.9  



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DST Systems, Inc. Computation of Ratio of Earnings to Fixed Charges (dollars in thousands)