EX-12.01 5 citi-exhibit1201x9302014.htm EXHIBIT 12.01 citi-exhibit 12.01-9.30.2014
Exhibit 12.01

CITIGROUP INC.
 
 
 
 
 
 
 
 
 
 
 
 
 
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Nine Months Ended
 
Years ended December 31,
September 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

 
$
6,196

 
$
7,691

Interest factor in rent expense
460

 
496

 
495

 
500

 
522

 
347

 
346

Total fixed charges
$
10,401

 
$
13,418

 
$
16,173

 
$
17,225

 
$
18,233

 
$
6,543

 
$
8,037

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

 
$
7,825

 
$
14,722

 
$
13,116

 
$
(7,776
)
 
$
12,991

 
$
16,082

Fixed charges (excluding preferred stock dividends)
10,401

 
13,418

 
16,173

 
17,225

 
18,233

 
6,543

 
8,037

Total income
$
29,898

 
$
21,243

 
$
30,895

 
$
30,341

 
$
10,434

 
$
19,534

 
$
24,119

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of income to fixed charges excluding interest on deposits
2.87

 
1.58

 
1.91

 
1.76

 
NM

 
2.99

 
3.00

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

 
$
20,612

 
$
24,209

 
$
25,057

 
$
27,902

 
$
10,531

 
$
12,440

Interest factor in rent expense
460

 
496

 
495

 
500

 
522

 
347

 
346

Total fixed charges
$
16,637

 
$
21,108

 
$
24,704

 
$
25,557

 
$
28,424

 
$
10,878

 
$
12,786

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

 
$
7,825

 
$
14,722

 
$
13,116

 
$
(7,776
)
 
$
12,991

 
$
16,082

Fixed charges (excluding preferred stock dividends)
16,637

 
21,108

 
24,704

 
25,557

 
28,424

 
10,878

 
12,786

Total income
$
36,134

 
$
28,933

 
$
39,426

 
$
38,673

 
$
20,625

 
$
23,869

 
$
28,868

 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of income to fixed charges including interest on deposits
2.17

 
1.37

 
1.60

 
1.51

 
NM

 
2.19

 
2.26