EX-12 7 a06-5951_1ex12.htm STATEMENTS REGARDING COMPUTATION OF RATIOS

Exhibit 12

 

AMERIPRISE FINANCIAL, INC.

COMPUTATION IN SUPPORT OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

Years Ended December 31,

 

 

 

2005

 

2004

 

2003

 

2002

 

2001

 

 

 

(dollars in millions)

 

Earnings:

 

 

 

 

 

 

 

 

 

 

 

Income before income tax provision (benefit), discontinued operations and accounting change

 

$

745

 

$

1,112

 

$

873

 

$

861

 

$

35

 

Interest and debt expense

 

73

 

52

 

45

 

32

 

26

 

Interest portion of rental expense

 

32

 

30

 

28

 

31

 

39

 

Amortization of capitalized interest

 

1

 

1

 

1

 

1

 

—

 

Equity method investees and minority interests

 

(2

)

2

 

2

 

—

 

—

 

Total earnings (a)

 

$

849

 

$

1,197

 

$

949

 

$

925

 

$

100

 

 

 

 

 

 

 

 

 

 

 

 

 

Fixed charges:

 

 

 

 

 

 

 

 

 

 

 

Interest and debt expense

 

$

73

 

$

52

 

$

45

 

$

32

 

$

26

 

Interest portion of rental expense

 

32

 

30

 

28

 

31

 

39

 

Capitalized interest

 

—

 

—

 

—

 

4

 

6

 

Total fixed charges (b)

 

$

105

 

$

82

 

$

73

 

$

67

 

$

71

 

 

 

 

 

 

 

 

 

 

 

 

 

Ratio of earnings to fixed charges (a/b) (1)

 

8.1

 

14.5

 

13.0

 

13.9

 

1.4

 

 

(1)         Ratio calculated using thousands.

 

The interest portion of rental expense represents one-third of rental expense relating to operating leases.