EX-12 6 dex12.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12

 

COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES

 

(dollars in thousands)     

Years Ended September 30,


   2005

   2004

   2003

   2002

   2001

Income before taxes

   $ 1,420,855    $ 993,866    $ 700,203    $ 578,275    $ 637,790

Add fixed charges:

                                  

Interest expense–excluding interest on deposits

     34,563      32,254      22,924      18,108      21,336

Interest expense–deposits

     7,651      4,295      6,122      9,812      10,768

Interest factor on rent1

     15,717      13,020      13,413      20,977      20,228
    

  

  

  

  

Total fixed charges

   $ 57,931    $ 49,569    $ 42,459    $ 48,897    $ 52,332
    

  

  

  

  

Earnings before fixed charges and taxes on income

   $ 1,478,786    $ 1,043,435    $ 742,662    $ 627,172    $ 690,122
    

  

  

  

  

Ratio of earnings to fixed charges–including interest on deposits

     25.5      21.1      17.5      12.8      13.2

Ratio of earnings to fixed charges-excluding interest on deposits

     29.3      23.0      20.3      15.8      16.3

1 Interest factor on rent represents one-third of rental expense (the approximate portion of rental expense representing interest).