EX-12.1 2 bkq1201510-qex121.htm COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK BK Q1 2015 10-Q EX12.1


Exhibit 12.1

COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS

The Bank of New York Mellon Corporation
 
 
Quarter ended
(dollar amounts in millions)
March 31,
2015

Dec. 31, 2014

March 31,
2014

Earnings
 
 
 
Income before income taxes
$
1,149

$
164

$
926

Net (income) attributable to noncontrolling interests
(90
)
(24
)
(20
)
Income before income taxes attributable to shareholders of The Bank of New York Mellon Corporation
1,059

140

906

Fixed charges, excluding interest on deposits
92

103

88

Income before income taxes and fixed charges, excluding interest on deposits applicable to the shareholders of The Bank of New York Mellon Corporation
1,151

243

994

Interest on deposits
15

13

22

Income before income taxes and fixed charges, including interest on deposits applicable to shareholders of The Bank of New York Mellon Corporation
$
1,166

$
256

$
1,016

Fixed charges
 
 
 
Interest expense, excluding interest on deposits
$
64

$
77

$
62

One-third net rental expense (a)
28

26

26

Total fixed charges, excluding interest on deposits
92

103

88

Interest on deposits
15

13

22

Total fixed charges, including interests on deposits
$
107

$
116

$
110

Preferred stock dividends
$
13

$
24

$
13

 
 
 
 
Total fixed charges and preferred stock dividends, excluding interest on deposits
$
105

$
127

$
101

Total fixed charges and preferred stock dividends, including interest on deposits
$
120

$
140

$
123

 
 
 
 
Earnings to fixed charges ratios
 
 
 
Excluding interest on deposits
12.51

2.36

11.30

Including interest on deposits
10.90

2.21

9.24

 
 
 
 
Earnings to fixed charges and preferred stock dividends ratios
 
 
 
Excluding interest on deposits
10.96

1.91

9.84

Including interest on deposits
9.72

1.83

8.26

(a)
The proportion deemed representative of the interest factor.