EX-12 29 a2196635zex-12.htm EXHIBIT 12

Exhibit 12

 

WADDELL & REED FINANCIAL, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

 

 

 

 

 

 

Year Ended

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

 

2009

 

2008

 

2007

 

2006

 

2005

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income from continuing operations before provision for income taxes

 

$

162,156

 

$

156,420

 

$

199,160

 

$

89,200

 

$

95,950

 

Fixed charges

 

20,008

 

18,824

 

18,158

 

18,379

 

20,323

 

 

 

 

 

 

 

 

 

 

 

 

 

Total earnings

 

$

182,164

 

$

175,244

 

$

217,318

 

$

107,579

 

$

116,273

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed Charges:

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

$

12,695

 

$

12,087

 

$

11,924

 

$

12,227

 

$

14,278

 

Portion of rentals representative of interest factor

 

7,313

 

6,737

 

6,234

 

6,152

 

6,045

 

 

 

 

 

 

 

 

 

 

 

 

 

Total fixed charges

 

$

20,008

 

$

18,824

 

$

18,158

 

$

18,379

 

$

20,323

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges

 

9.10

 

9.31

 

11.97

 

5.85

 

5.72