EX-12.01 9 a2040499zex-12_01.txt EXHIBIT 12.01 Exhibit 12.01 CITIGROUP INC. CALCULATION OF RATIO OF INCOME TO FIXED CHARGES (In Millions)
YEAR ENDED DECEMBER 31, EXCLUDING INTEREST ON DEPOSITS: 2000 1999 1998 1997 1996 ------------------------------- ---- ---- ---- ---- ---- FIXED CHARGES: INTEREST EXPENSE (OTHER THAN INTEREST ON DEPOSITS) 23,253 17,764 18,997 17,645 14,776 INTEREST FACTOR IN RENT EXPENSE 416 292 417 321 299 ------ ------ ------ ------ ------ TOTAL FIXED CHARGES 23,669 18,056 19,414 17,966 15,075 ------ ------ ------ ------ ------ INCOME: INCOME BEFORE TAXES, MINORITY INTEREST AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES 21,143 18,151 11,085 12,305 12,444 OTHER -- -- -- -- 1 FIXED CHARGES 23,669 18,056 19,414 17,966 15,075 ------ ------ ------ ------ ------ TOTAL INCOME 44,812 36,207 30,499 30,271 27,520 ====== ====== ====== ====== ====== RATIO OF INCOME TO FIXED CHARGES EXCLUDING INTEREST ON DEPOSITS 1.89 2.01 1.57 1.68 1.83 ====== ====== ====== ====== ====== INCLUDING INTEREST ON DEPOSITS: ------------------------------- FIXED CHARGES: INTEREST EXPENSE 36,638 28,674 30,692 27,299 23,792 INTEREST FACTOR IN RENT EXPENSE 416 292 417 321 299 ------ ------ ------ ------ ------ TOTAL FIXED CHARGES 37,054 28,966 31,109 27,620 24,091 ------ ------ ------ ------ ------ INCOME: INCOME BEFORE TAXES, MINORITY INTEREST AND CUMULATIVE EFFECT OF ACCOUNTING CHANGES 21,143 18,151 11,085 12,305 12,444 OTHER -- -- -- -- 1 FIXED CHARGES 37,054 28,966 31,109 27,620 24,091 ------ ------ ------ ------ ------ TOTAL INCOME 58,197 47,117 42,194 39,925 36,536 ====== ====== ====== ====== ====== RATIO OF INCOME TO FIXED CHARGES INCLUDING INTEREST ON DEPOSITS 1.57 1.63 1.36 1.45 1.52 ====== ====== ====== ====== ======
Note: On November 30, 2000, Citigroup Inc. completed its acquisition of Associates First Capital Corporation (Associates) in a transaction accounted for as a pooling of interests.