SEC Info - E Trade Financial Corp - ‘10-K’ for 12/31/03

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E Trade Financial Corp – ‘10-K’ for 12/31/03 – EX-12.1

On: Wednesday, 3/10/04, at 6:19pm ET · As of: 3/11/04 · For: 12/31/03 · Accession #: 1193125-4-38392 · File #: 1-11921

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 3/11/04  E Trade Financial Corp            10-K       12/31/03    8:2.9M                                   RR Donnelley/FA

Annual Report — Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report on Form 10-K                          HTML   2.53M 
 2: EX-10.63    Settlement Agreement Dated December 10, 2003        HTML     33K 
 3: EX-12.1     Statement of Earnings to Fixed Charges              HTML     37K 
 4: EX-21.1     Subsidiaries of the Registrant                      HTML     16K 
 5: EX-23.1     Consent of Independent Auditors                     HTML     13K 
 6: EX-31.1     Certification of Mitchell H. Caplan Under Item 307  HTML     14K 
                          of Regulation S-K                                      
 7: EX-31.2     Certification of Robert J. Simmons Under Item 307   HTML     14K 
                          of Regulation S-K                                      
 8: EX-32.1     Cert of Mitchell Caplan and Robert Simmons Under    HTML      8K 
                          Section 906

EX-12.1 — Statement of Earnings to Fixed Charges

This exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Prepared by R.R. Donnelley Financial -- Statement of Earnings to Fixed Charges

Exhibit 12.1

STATEMENT OF COMPUTATION OF RATIO EARNINGS TO FIXED CHARGES


	Year Ended December 31,							Three Months Ended December 31, 2000		Year Ended September 30,
	2003		2002		2001			Three Months Ended December 31, 2000		2000		1999
	(dollars in thousands)
Fixed Charges:
Interest expense	$	531,698	$	608,914	$	832,137		$	244,830	$	630,397	$	215,523
Amortization of debt issuance costs		3,084		3,217		3,432			711		1,788		230
Estimated interest within rental expense		11,288		10,501		15,912			5,307		14,202		12,213
Preference securities dividend requirement of consolidated subsidiaries		—		—		—			—		—		6,083

Total fixed charges	$	546,070	$	622,632	$	851,481		$	250,848	$	646,387	$	234,049

Earnings:
Income (loss) before income taxes, minority interest, extraordinary items and cumulative effect of accounting change less equity in income (losses) of investments	$	295,520	$	184,870	$	(254,763	)	$	3,290	$	115,962	$	(74,568	)
Fixed charges		546,070		622,632		851,481			250,848		646,387		234,049
Less:
Preference securities dividend requirement of consolidated subsidiaries		—		—		—			—		—		(6,083	)

Earnings	$	841,590	$	807,502	$	596,718		$	254,138	$	762,349	$	153,398

Ratio of earnings to fixed charges		1.54		1.30		0.70			1.01		1.18		0.66

Excess (deficiency) of earnings to fixed charges	$	295,520	$	184,870	$	(254,763	)	$	3,290	$	115,962	$	(80,651	)

The ratio of earnings to fixed charges is computed by dividing fixed charges into income (loss) before income taxes, minority interest, extraordinary items and the cumulative effect of accounting change less equity in the income (losses) of investments plus fixed charges less the preference securities dividend requirement of consolidated subsidiaries. Fixed charges include, as applicable, interest expense, amortization of debt issuance costs, the estimated interest component of rent expense and the preference securities dividend requirement of consolidated subsidiaries.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘10-K’ Filing	Date	Other Filings

Filed as of:	3/11/04
Filed on:	3/10/04
For Period End:	12/31/03	10-K/A, 5
	9/30/03	10-Q
	12/31/00	10-QT
		List all Filings

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Filing Submission 0001193125-04-038392 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)