EX-12.02 5 citi-exhibit1202x12312014.htm EXHIBIT 12.02 citi-exhibit 12.02-12.31.2014
Exhibit 12.02

CITIGROUP INC.
 
 
 
 
 
 
 
 
 
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES
 
 
 
 
 
 
 
 
 
INCLUDING PREFERRED STOCK DIVIDENDS
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Years ended December 31,
In millions of dollars, except for ratios
2014
 
2013
 
2012
 
2011
 
2010
EXCLUDING INTEREST ON DEPOSITS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
Interest expense (other than interest on deposits)
$
7,998

 
$
9,941

 
$
12,922

 
$
15,678

 
$
16,725

Interest factor in rent expense
460

 
460

 
496

 
495

 
500

Dividends--Preferred Stock
511

 
194

 
26

 
26

 
9

Total fixed charges
$
8,969

 
$
10,595

 
$
13,444

 
$
16,199

 
$
17,234

 
 
 
 
 
 
 
 
 
 
Income
 
 
 
 
 
 
 
 
 
Income from continuing operations before taxes and noncontrolling interests
$
14,364

 
$
19,497

 
$
7,825

 
$
14,722

 
$
13,116

Fixed charges (including preferred stock dividends)
8,969

 
10,595

 
13,444

 
16,199

 
17,234

Total income
$
23,333

 
$
30,092

 
$
21,269

 
$
30,921

 
$
30,350

 
 
 
 
 
 
 
 
 
 
Ratio of income to fixed charges excluding interest on deposits
2.6

 
2.84

 
1.58

 
1.91

 
1.76

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
INCLUDING INTEREST ON DEPOSITS:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges
 
 
 
 
 
 
 
 
 
Interest expense
$
13,690

 
$
16,177

 
$
20,612

 
$
24,209

 
$
25,057

Interest factor in rent expense
460

 
460

 
496

 
495

 
500

Dividends--Preferred Stock
511

 
194

 
26

 
26

 
9

Total fixed charges
$
14,661

 
$
16,831

 
$
21,134

 
$
24,730

 
$
25,566

 
 
 
 
 
 
 
 
 
 
Income
 
 
 
 
 
 
 
 
 
Income from continuing operations before taxes and noncontrolling interests
$
14,364

 
$
19,497

 
$
7,825

 
$
14,722

 
$
13,116

Fixed charges (including preferred stock dividends)
14,661

 
16,831

 
21,134

 
24,730

 
25,566

Total income
$
29,025

 
$
36,328

 
$
28,959

 
$
39,452

 
$
38,682

 
 
 
 
 
 
 
 
 
 
Ratio of income to fixed charges including interest on deposits
1.98

 
2.16

 
1.37

 
1.6

 
1.51