EX-12 6 ice20131231ex12.htm EXHIBIT ICE 2013.12.31 EX 12


EXHIBIT 12

IntercontinentalExchange Group, Inc.

Computation of Ratio of Earnings to Fixed Charges

 
Year Ended December 31,
 
 
2013
 
2012
 
2011
 
2010
 
2009
 
 
(in millions, except ratio)
 
Determination of earnings:
 
 
 
 
 
 
 
 
 
 
Income before income tax expense and non-controlling interest
$
500

 
$
790

 
$
760

 
$
609

 
$
493

 
Add: Fixed charges
57

 
39

 
35

 
31

 
24

 
Less: (Income) loss attributable to non-controlling interests
(16
)
 
(10
)
 
(12
)
 
(9
)
 
2

 
Pre-tax earnings before fixed charges
$
541

 
$
819

 
$
783

 
$
631

 
$
519

 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense on outstanding debt
$
41

 
$
25

 
$
19

 
$
17

 
$
11

 
Interest expense on line of credit
3

 
5

 
3

 
3

 
1

 
Amortization of debt issuance costs
8

 
4

 
7

 
6

 
6

 
Russell license effective interest expense
5

 
5

 
6

 
5

 
6

 
Total fixed charges
$
57

 
$
39

 
$
35

 
$
31

 
$
24

 
Ratio of earnings to fixed charges
$
9.5

 
$
21.0

 
$
22.4

 
$
20.4

 
$
21.6