EX-12.01 4 citi-exhibit1201x6302014.htm EXHIBIT 12.01 citi-exhibit 12.01-6.30.2014
Exhibit 12.01

CITIGROUP INC.
 
 
 
 
 
 
 
 
 
 
 
 
 
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Six Months Ended
 
Years ended December 31,
June 30,
In millions of dollars, except for ratios
2013
 
2012
 
2011
 
2010
 
2009
 
2014
 
2013
EXCLUDING INTEREST ON DEPOSITS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense (other than interest on deposits)
$
9,941

 
$
12,922

 
$
15,678

 
$
16,725

 
$
17,711

 
$
4,288

 
$
5,229

Interest factor in rent expense
460

 
496

 
495

 
500

 
522

 
232

 
235

Total fixed charges
$
10,401

 
$
13,418

 
$
16,173

 
$
17,225

 
$
18,233

 
$
4,520

 
$
5,464

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before taxes and noncontrolling interests
$
19,497

 
$
7,825

 
$
14,722

 
$
13,116

 
$
(7,776
)
 
$
8,092

 
$
11,816

Fixed charges (excluding preferred stock dividends)
10,401

 
13,418

 
16,173

 
17,225

 
18,233

 
4,520

 
5,464

Total income
$
29,898

 
$
21,243

 
$
30,895

 
$
30,341

 
$
10,434

 
$
12,612

 
$
17,280

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of income to fixed charges excluding interest on deposits
2.87

 
1.58

 
1.91

 
1.76

 
NM

 
2.79

 
3.16

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
INCLUDING INTEREST ON DEPOSITS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
$
16,177

 
$
20,612

 
$
24,209

 
$
25,057

 
$
27,902

 
$
7,206

 
$
8,488

Interest factor in rent expense
460

 
496

 
495

 
500

 
522

 
232

 
235

Total fixed charges
$
16,637

 
$
21,108

 
$
24,704

 
$
25,557

 
$
28,424

 
$
7,438

 
$
8,723

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income
 
 
 
 
 
 
 
 
 
 
 
 
 
Income from continuing operations before taxes and noncontrolling interests
$
19,497

 
$
7,825

 
$
14,722

 
$
13,116

 
$
(7,776
)
 
$
8,092

 
$
11,816

Fixed charges (excluding preferred stock dividends)
16,637

 
21,108

 
24,704

 
25,557

 
28,424

 
7,438

 
8,723

Total income
$
36,134

 
$
28,933

 
$
39,426

 
$
38,673

 
$
20,625

 
$
15,530

 
$
20,539

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of income to fixed charges including interest on deposits
2.17

 
1.37

 
1.60

 
1.51

 
NM

 
2.09

 
2.35