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As Of Filer Filing For·On·As Docs:Size Issuer Agent 1/29/08 Lehman Brothers Holdings Inc … Tr 10-K 11/30/07 20:7.1M Merrill Corp-MD/FA |
Document/Exhibit Description Pages Size 1: 10-K Annual Report HTML 3.93M 2: EX-10.11 Material Contract HTML 98K 3: EX-10.14 Material Contract HTML 122K 4: EX-10.15 Material Contract HTML 63K 5: EX-10.16 Material Contract HTML 38K 6: EX-10.17 Material Contract HTML 31K 7: EX-10.19 Material Contract HTML 59K 8: EX-10.20 Material Contract HTML 22K 9: EX-10.21 Material Contract HTML 27K 10: EX-10.28 Material Contract HTML 21K 11: EX-10.29 Material Contract HTML 25K 12: EX-10.30 Material Contract HTML 16K 13: EX-12.01 Statement re: Computation of Ratios HTML 35K 14: EX-21.01 Subsidiaries of the Registrant HTML 158K 15: EX-23.01 Consent of Experts or Counsel HTML 32K 16: EX-24.01 Power of Attorney HTML 32K 17: EX-31.01 Certification per Sarbanes-Oxley Act (Section 302) HTML 17K 18: EX-31.02 Certification per Sarbanes-Oxley Act (Section 302) HTML 18K 19: EX-32.01 Certification per Sarbanes-Oxley Act (Section 906) HTML 12K 20: EX-32.02 Certification per Sarbanes-Oxley Act (Section 906) HTML 12K
EXHIBIT 12.01
Computation of Ratios of Earnings to Fixed Charges and
to Combined Fixed Charges and Preferred Stock Dividends
(Unaudited)
|
|
Year Ended November 30, |
|
|||||||||||||
Dollars in millions |
|
2007 |
|
2006 |
|
2005 |
|
2004 |
|
2003 |
|
|||||
Pre-tax earnings from continuing operations |
|
$ |
6,013 |
|
$ |
5,905 |
|
$ |
4,829 |
|
$ |
3,518 |
|
$ |
2,536 |
|
Add: Fixed charges (excluding capitalized interest) |
|
39,799 |
|
29,323 |
|
18,040 |
|
9,773 |
|
8,724 |
|
|||||
Pre-tax earnings before fixed charges |
|
$ |
45,812 |
|
$ |
35,228 |
|
$ |
22,869 |
|
$ |
13,291 |
|
$ |
11,260 |
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|||||
Interest |
|
$ |
39,746 |
|
$ |
29,126 |
|
$ |
17,790 |
|
$ |
9,674 |
|
$ |
8,640 |
|
Other (1) |
|
132 |
|
108 |
|
125 |
|
114 |
|
119 |
|
|||||
Total fixed charges |
|
39,878 |
|
29,234 |
|
17,915 |
|
9,788 |
|
8,759 |
|
|||||
Preferred stock dividend requirements |
|
97 |
|
98 |
|
101 |
|
129 |
|
143 |
|
|||||
Total combined fixed charges and preferred stock dividends |
|
$ |
39,975 |
|
$ |
29,332 |
|
$ |
18,016 |
|
$ |
9,917 |
|
$ |
8,902 |
|
Ratio of earnings to fixed charges |
|
1.15 |
|
1.21 |
|
1.28 |
|
1.36 |
|
1.29 |
|
|||||
Ratio of earnings to combined fixed charges and preferred stock dividends |
|
1.15 |
|
1.20 |
|
1.27 |
|
1.34 |
|
1.26 |
|
(1) Other fixed charges consist of the interest factor in rentals and capitalized interest.