Registration of Securities Issued in a Business-Combination Transaction — Form S-4
Filing Table of Contents
Document/Exhibit Description Pages Size
1: S-4 Aflac Inc. Form S-4 138 692K
2: EX-1.1 Purchase Agreement Among Registrant 42 175K
3: EX-4.1 Registration Rights Agreement 32 102K
4: EX-4.2 Indenture 130 398K
5: EX-5.1 Opinion of Skadden, Arps, Slate, Meagher & Flom 6 25K
6: EX-12.1 Computation of Ratio Earnings 2 14K
7: EX-23.1 Consent of Kpmg 1 6K
8: EX-25.1 Form T-1 6 23K
9: EX-99.1 Annotated Sections of Offical Code of Georgia 9 27K
10: EX-99.2 Letter of Transmittal 11 57K
11: EX-99.3 Notice of Guaranteed Delivery 3 15K
12: EX-99.4 Letter to Brokers 2 12K
13: EX-99.5 Letter to Clients 2 13K
14: EX-99.6 Certification of Taxpayer Indentification 4± 16K
EX-12.1 — Computation of Ratio Earnings
| EX-12.1 | 1st Page of 2 | TOC | ↑Top | Previous | Next | ↓Bottom | Just 1st |
|---|
EXHIBIT 12.1
AFLAC Incorporated
Ratio of Earnings to Fixed Charges
[Enlarge/Download Table]
Three Months Ended March 31, Years Ended December 31,
--------------------- ----------------------------------------------------------
1999 1998 1998 1997 1996 1995 1994
-------- -------- -------- -------- -------- -------- --------
(In thousands)
Fixed Charges:
Interest Expense $ 3,608 $ 3,273 $ 13,152 $ 13,709 $ 16,186 $ 15,611 $ 11,077
Rental Expense Deemed Interest 119 95 396 439 563 757 1,192
-------- -------- -------- -------- -------- -------- --------
TOTAL FIXED CHARGES $ 3,727 $ 3,368 $ 13,548 $ 14,148 $ 16,749 $ 16,368 $ 12,269
======== ======== ======== ======== ======== ======== ========
Earnings Before Income Tax $202,897 $ 53,524 $550,793 $864,820 $650,001 $600,995 $504,336
Add Back:
Fixed Charges 3,727 3,368 13,548 14,148 16,749 16,368 12,269
TOTAL EARNINGS BEFORE INCOME -------- -------- -------- -------- -------- -------- --------
TAX AND FIXED CHARGES 206,624 56,892 564,341 878,968 666,750 617,363 516,605
-------- -------- -------- -------- -------- -------- --------
Adjustments:
Realized Gains/(Losses) (4,590) 183 (2,077) (5,400) 1,980 (270) (58)
Gain on Sale of Television Business 267,223 60,264
-------- -------- -------- -------- -------- -------- --------
Total Realized Gains/(Losses) (4,590) 183 (2,077) 261,823 62,244 (270) (58)
-------- -------- -------- -------- -------- -------- --------
TOTAL EARNINGS BEFORE INCOME
TAX AND FIXED CHARGES AND -------- -------- -------- -------- -------- -------- --------
REALIZED GAINS/(LOSSES) $211,214 $ 56,709 $566,418 $617,145 $604,506 $617,633 $516,663
======== ======== ======== ======== ======== ======== ========
EARNINGS EXCLUDING REALIZED GAINS/
(LOSSES) TO FIXED CHARGES 56.7x 16.8x 41.8x 43.6x 36.1x 37.7x 42.1x
AFLAC Incorporated
Debt to Total Capitalization Ratio
[Enlarge/Download Table]
Three Months Ended March 31, Years Ended December 31,
--------------------- ----------------------------------------------
1999 1998 1998 1997 1996
-------- -------- -------- -------- --------
(In thousands)
Excludes: Unrealized gains on
investment securities
Notes payable (A) $ 573,160 $ 511,186 $ 595,791 $ 523,209 $ 353,533
Total Capitalization:
Shareholders' equity 3,858,894 3,453,698 3,769,679 3,430,472 2,125,569
Plus: Notes payable 573,160 511,186 595,791 523,209 353,533
Less: Unrealized gains on
investment securities 1,243,040 1,201,618 1,332,056 1,284,717 280,154
---------- ---------- ---------- ---------- ----------
Total capitalization (B) $3,189,014 $2,763,266 $3,033,414 $2,668,964 $2,198,948
========== ========== ========== ========== ==========
Debt to Equity (A / B) 18.0% 18.5% 19.6% 19.6% 16.1%
Includes: Unrealized gains on
investment securities
Notes payable (A) $ 573,160 $ 511,186 $ 595,791 $ 523,209 $ 353,533
Total capitalization:
Shareholders' equity 3,858,894 3,453,698 3,769,679 3,430,472 2,125,569
Plus: Notes payable 573,160 511,186 595,791 523,209 353,533
---------- ---------- ---------- ---------- ----------
Total capitalization (B) $4,432,054 $3,964,884 $4,365,470 $3,953,681 $2,479,102
========== ========== ========== ========== ==========
Debt to Equity (A / B) 12.9% 12.9% 13.6% 13.2% 14.3%
[Download Table]
Years Ended December 31,
--------------------------
1995 1994
-------- --------
(In thousands)
Excludes: Unrealized gains on
investment securities
Notes payable (A) $ 327,268 $ 184,901
Total capitalization:
Shareholders' equity 2,134,141 1,751,767
Plus: Notes payable 327,268 184,901
Less: Unrealized gains on
investment securities 482,787 228,844
---------- ----------
Total capitalization (B) $1,978,622 $1,707,824
========== ==========
Debt to Equity (A / B) 16.5% 10.8%
Includes: Unrealized gains on
investment securities
Notes payable (A) $ 327,268 $ 184,901
Total capitalization:
Shareholders' equity 2,134,141 1,751,767
Plus: Notes payable 327,268 184,901
---------- ----------
Total capitalization (B) $2,461,409 $1,936,668
========== ==========
Debt to Equity (A / B) 13.3% 9.5%
↑Top
Filing Submission 0000950133-99-001779 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)
Copyright © 2024 Fran Finnegan & Company LLC – All Rights Reserved.
About — Privacy — Redactions — Help —
Sat., May 11, 12:50:25.1pm ET 