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As Of Filer Filing For·On·As Docs:Size Issuer Agent 2/13/07 Lehman Brothers Holdings Inc … Tr 10-K 11/30/06 10:5.1M Merrill Corp-MD/FA |
Document/Exhibit Description Pages Size 1: 10-K Annual Report HTML 2.91M 2: EX-10.31 Material Contract HTML 16K 3: EX-12.01 Statement re: Computation of Ratios HTML 45K 4: EX-21.01 Subsidiaries of the Registrant HTML 90K 5: EX-23.01 Consent of Experts or Counsel HTML 28K 6: EX-24.01 Power of Attorney HTML 28K 7: EX-31.01 Certification per Sarbanes-Oxley Act (Section 302) HTML 14K 8: EX-31.02 Certification per Sarbanes-Oxley Act (Section 302) HTML 14K 9: EX-32.01 Certification per Sarbanes-Oxley Act (Section 906) HTML 10K 10: EX-32.02 Certification per Sarbanes-Oxley Act (Section 906) HTML 10K
EXHIBIT 12.01
Computation of Ratios of Earnings to Fixed Charges and
to Combined Fixed Charges and Preferred Stock Dividends
(Unaudited)
Dollars in millions |
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Year ended November 30 |
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2006 |
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2005 |
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2004 |
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2003 |
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2002 |
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Pre-tax earnings from continuing operations |
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$ |
5,905 |
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$ |
4,829 |
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$ |
3,518 |
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$ |
2,536 |
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$ |
1,399 |
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Add: Fixed charges (excluding capitalized interest) |
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29,323 |
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18,040 |
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9,773 |
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8,724 |
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10,709 |
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Pre-tax earnings before fixed charges |
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$ |
35,228 |
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$ |
22,869 |
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$ |
13,291 |
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$ |
11,260 |
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$ |
12,108 |
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Fixed charges: |
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Interest |
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$ |
29,126 |
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$ |
17,790 |
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$ |
9,674 |
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$ |
8,640 |
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$ |
10,626 |
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Other (1) |
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108 |
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125 |
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114 |
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119 |
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103 |
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Total fixed charges |
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29,234 |
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17,915 |
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9,788 |
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8,759 |
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10,729 |
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Preferred stock dividend requirements |
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98 |
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101 |
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129 |
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143 |
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155 |
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Total
combined fixed charges and |
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$ |
29,332 |
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$ |
18,016 |
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$ |
9,917 |
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$ |
8,902 |
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$ |
10,884 |
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Ratio of earnings to fixed charges |
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1.21 |
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1.28 |
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1.36 |
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1.29 |
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1.13 |
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Ratio of earnings to
combined fixed charges |
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1.20 |
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1.27 |
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1.34 |
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1.26 |
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1.11 |
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(1) Other fixed charges consist of the interest factor in rentals and capitalized interest.