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As Of Filer Filing For·On·As Docs:Size Issuer Agent 4/09/08 Lehman Brothers Holdings Inc … Tr 10-Q 2/29/08 7:3.4M Merrill Corp-MD/FA |
Document/Exhibit Description Pages Size 1: 10-Q Quarterly Report HTML 2.13M 2: EX-12.01 Statement re: Computation of Ratios HTML 36K 3: EX-15.01 Letter re: Unaudited Interim Financial Information HTML 19K 4: EX-31.01 Certification per Sarbanes-Oxley Act (Section 302) HTML 16K 5: EX-31.02 Certification per Sarbanes-Oxley Act (Section 302) HTML 16K 6: EX-32.01 Certification per Sarbanes-Oxley Act (Section 906) HTML 11K 7: EX-32.02 Certification per Sarbanes-Oxley Act (Section 906) HTML 13K
EXHIBIT 12.01
LEHMAN BROTHERS HOLDINGS INC.
Computation of Ratios of Earnings to Fixed Charges and
to Combined Fixed Charges and Preferred Stock Dividends
(Unaudited)
|
|
|
Quarter
Ended |
|
Year Ended November 30, |
|
|||||||||||
|
Dollars in millions |
|
2008 |
|
2007 |
|
2006 |
|
2005 |
|
2004 |
|
|||||
|
Pre-tax earnings from continuing operations |
|
$ |
663 |
|
$ |
6,013 |
|
$ |
5,905 |
|
$ |
4,829 |
|
$ |
3,518 |
|
|
Add: Fixed charges (excluding capitalized interest) |
|
8,694 |
|
39,799 |
|
29,323 |
|
18,040 |
|
9,773 |
|
|||||
|
Pre-tax earnings before fixed charges |
|
$ |
9,357 |
|
$ |
45,812 |
|
$ |
35,228 |
|
$ |
22,869 |
|
$ |
13,291 |
|
|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
Interest |
|
$ |
8,863 |
|
$ |
39,746 |
|
$ |
29,126 |
|
$ |
17,790 |
|
$ |
9,674 |
|
|
Other (1) |
|
37 |
|
132 |
|
108 |
|
125 |
|
114 |
|
|||||
|
Total fixed charges |
|
8,900 |
|
39,878 |
|
29,234 |
|
17,915 |
|
9,788 |
|
|||||
|
Preferred stock dividend requirements |
|
38 |
|
97 |
|
98 |
|
101 |
|
129 |
|
|||||
|
Total combined fixed charges and preferred stock |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
dividends |
|
$ |
8,938 |
|
$ |
39,975 |
|
$ |
29,332 |
|
$ |
18,016 |
|
$ |
9,917 |
|
|
Ratio of earnings to fixed charges |
|
1.05 |
|
1.15 |
|
1.21 |
|
1.28 |
|
1.36 |
|
|||||
|
Ratio of earnings to combined fixed charges and |
|
|
|
|
|
|
|
|
|
|
|
|||||
|
preferred stock dividends |
|
1.05 |
|
1.15 |
|
1.20 |
|
1.27 |
|
1.34 |
|
|||||
(1) Other fixed charges consist of the interest factor in rentals and capitalized interest.