EX-12.1 3 bk1q201610-qex121.htm COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK SEC Exhibit


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,
2016

Dec. 31, 2015

March 31,
2015

Earnings
 
 
 
Income before income taxes
$
1,091

$
871

$
1,090

Net loss (income) attributable to noncontrolling interests
9

(3
)
(31
)
Income before income taxes attributable to shareholders of The Bank of New York Mellon Corporation
1,100

868

1,059

Fixed charges, excluding interest on deposits
128

97

92

Income before income taxes and fixed charges, excluding interest on deposits applicable to the shareholders of The Bank of New York Mellon Corporation
1,228

965

1,151

Interest on deposits
15

5

15

Income before income taxes and fixed charges, including interest on deposits applicable to shareholders of The Bank of New York Mellon Corporation
$
1,243

$
970

$
1,166

Fixed charges
 
 
 
Interest expense, excluding interest on deposits
$
102

$
69

$
64

One-third net rental expense (a)
26

28

28

Total fixed charges, excluding interest on deposits
128

97

92

Interest on deposits
15

5

15

Total fixed charges, including interests on deposits
$
143

$
102

$
107

Preferred stock dividends
$
13

$
56

$
13

 
 
 
 
Total fixed charges and preferred stock dividends, excluding interest on deposits
$
141

$
153

$
105

Total fixed charges and preferred stock dividends, including interest on deposits
$
156

$
158

$
120

 
 
 
 
Earnings to fixed charges ratios
 
 
 
Excluding interest on deposits
9.59

9.95

12.51

Including interest on deposits
8.69

9.51

10.90

 
 
 
 
Earnings to fixed charges and preferred stock dividends ratios
 
 
 
Excluding interest on deposits
8.71

6.31

10.96

Including interest on deposits
7.97

6.14

9.72

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