EX-12.1 3 bfc-ex121toforms3_698665v8.txt BLOCK FIN. COMPUT. RATIO EARNINGS FIXED CHARGES
Exhibit 12.1 ------------ BLOCK FINANCIAL CORPORATION Computation of Ratio of Earnings to Fixed Charges (Amounts in thousands) 2004 2003 2002 2001 2000 ---------- --------- --------- --------- --------- Pretax income before change in accounting principle $ 694,869 $ 626,237 $ 299,097 $ 110,747 $ 111,211 ========== ========= ========= ========= ========= FIXED CHARGES: Interest expense 45,580 62,294 100,800 223,816 156,123 Interest portion of net rent expense (a) 10,801 8,378 6,969 4,976 3,407 --------- --------- --------- -------- --------- Total fixed charges 56,381 70,672 107,769 228,792 159,530 --------- --------- --------- -------- --------- Earnings before income taxes and fixed charges $ 751,250 $ 696,909 $ 406,866 $ 339,539 $ 270,741 ========== ========== ========= ========= ========= Ration of earnings to fixed charges 13.3 9.9 3.8 1.5 1.7 ========= ========== ========= ========= ========= (a) One-third of net rent expense is the portion deemed representative of the interest factor.