EX-99.1 6 a06-9729_1ex99d1.htm EX-99

EXHIBIT 99.1

WASHINGTON MUTUAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

Three Months Ended
March 31,

 

 

 

2006

 

2005

 

 

 

(dollars in millions)

 

Earnings, including interest on deposits(1):

 

 

 

 

 

 

 

 

 

Income before income taxes

 

 

$

1,549

 

 

 

$

1,443

 

 

Fixed charges

 

 

2,586

 

 

 

1,514

 

 

 

 

 

$

4,135

 

 

 

$

2,957

 

 

Fixed charges(1):

 

 

 

 

 

 

 

 

 

Interest expense

 

 

$

2,540

 

 

 

$

1,470

 

 

Estimated interest component of net rental expense

 

 

46

 

 

 

44

 

 

 

 

 

$

2,586

 

 

 

$

1,514

 

 

Ratio of earnings to fixed charges

 

 

1.60

 

 

 

1.95

 

 

Earnings, excluding interest on deposits(1):

 

 

 

 

 

 

 

 

 

Income before income taxes

 

 

$

1,549

 

 

 

$

1,443

 

 

Fixed charges

 

 

1,365

 

 

 

818

 

 

 

 

 

$

2,914

 

 

 

$

2,261

 

 

Fixed charges(1):

 

 

 

 

 

 

 

 

 

Interest expense

 

 

$

2,540

 

 

 

$

1,470

 

 

Less: interest on deposits

 

 

(1,221

)

 

 

(696

)

 

Estimated interest component of net rental expense

 

 

46

 

 

 

44

 

 

 

 

 

$

1,365

 

 

 

$

818

 

 

Ratio of earnings to fixed charges

 

 

2.13

 

 

 

2.76

 

 

(1)           As defined in Item 503(d) of Regulation S-K.