EX-12.1 3 a2190040zex-12_1.htm EX-12.1

Exhibit 12.1

 

WADDELL & REED FINANCIAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

 

 

Nine Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

Year Ended

 

 

 

September 30,

 

December 31,

 

 

 

2008

 

2007

 

2006

 

2005

 

2004

 

2003

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before provision for income taxes

 

$

153,100

 

$

199,160

 

$

89,200

 

$

95,950

 

$

158,210

 

$

84,934

 

Fixed charges

 

13,902

 

18,158

 

18,379

 

20,323

 

16,403

 

15,801

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings

 

$

167,002

 

$

217,318

 

$

107,579

 

$

116,273

 

$

174,613

 

$

100,735

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

8,944

 

$

11,924

 

$

12,227

 

$

14,278

 

$

10,724

 

$

9,759

 

Portion of rentals representative of interest factor

 

4,958

 

6,234

 

6,152

 

6,045

 

5,679

 

6,042

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

13,902

 

$

18,158

 

$

18,379

 

$

20,323

 

$

16,403

 

$

15,801

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

12.01

 

11.97

 

5.85

 

5.72

 

10.65

 

6.38