| 2007 | 2006 | 2005 | 2004 | 2003 | ||||||||||||||||
Pretax income from continuing operations
before change in accounting principle |
$ | 635,798 | $ | 510,482 | $ | 527,613 | $ | 459,570 | $ | 192,106 | ||||||||||
FIXED CHARGES: |
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Interest expense |
132,868 | 76,367 | 82,311 | 81,672 | 88,784 | |||||||||||||||
Interest on deposits |
27,475 | — | — | — | — | |||||||||||||||
Interest portion of net rent expense (a) |
106,063 | 100,606 | 81,386 | 72,607 | 65,528 | |||||||||||||||
Total fixed charges |
266,406 | 176,973 | 163,697 | 154,279 | 154,312 | |||||||||||||||
Earnings before income taxes and fixed charges |
$ | 902,204 | $ | 687,455 | $ | 691,310 | $ | 613,849 | $ | 346,418 | ||||||||||
Ratio of earnings to fixed charges |
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Including interest on deposits |
3.4 | 3.9 | 4.2 | 4.0 | 2.2 | |||||||||||||||
Excluding interest on deposits |
3.8 | 3.9 | 4.2 | 4.0 | 2.2 | |||||||||||||||
| (a) | One-third of net rent expense is the portion deemed representative of the interest factor. | |
| Note: In computing the ratio of earnings to fixed charges: (a) earnings have been based on income from continuing operations before income taxes and fixed charges (exclusive of interest capitalized) and (b) fixed charges consist of interest expense, interest paid on deposits, and the estimated interest portion of rents. | ||