EX-12.1 3 rjf-ex121_2012630x10q.htm EXHIBIT 12.1 RJF-EX12.1_2012.6.30-10Q

EXHIBIT 12.1

STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(in thousands, except ratio of earnings to fixed charges and preferred stock dividends)
 
 
 
 
Nine months ended June 30,
Year ended September 30,
 
2012
2011
2011
2010
2009
2008
2007
Earnings:
 
 
 
 
 
 
 
Pre-tax income excluding noncontrolling interests
347,218

335,418

461,247

361,908

248,774

386,854

392,224

Fixed charges
80,937

62,994

84,557

81,250

75,369

409,300

514,543

Less: preferred stock dividends







 
 
 
 
 
 
 
 
Earnings
428,155

398,412

$
545,804

$
443,158

$
324,143

$
796,154

$
906,767

 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
Interest expense
62,840

48,710

$
65,351

$
62,564

$
56,921

$
392,229

$
499,664

Estimated interest portion within rental expense
17,427

13,978

18,727

18,399

18,416

17,071

14,879

Amortization of debt issuance cost
670

306

479

287

32



Preferred stock dividends







 
 
 
 
 
 
 
 
Total fixed charges
80,937

62,994

$
84,557

$
81,250

$
75,369

$
409,300

$
514,543

 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges and preferred stock dividends
5.29

6.32

6.45

5.45

4.30

1.95

1.76


We calculated our ratio of earnings to fixed charges and preferred stock dividends by adding pre-tax income excluding noncontrolling interests, plus fixed charges minus preferred stock dividends and dividing that sum by our fixed charges. Our fixed charges for this ratio consist of interest expense, the portion of our rental expense deemed to represent interest (calculated as one third of rental expense), amortization of debt issuance costs and preferred stock dividends.

124