EX-12.1 2 y50950ex12-1.txt COMPUTATION 1 EXHIBIT 12.1 THE GOLDMAN SACHS GROUP, INC. AND SUBSIDIARIES COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES ($ in millions)
Three Months Six Months Ended May Ended May ------------------------------------- 2001 2000 2001 2000 ------ ------ ------- ------- Net earnings $ 577 $ 755 $ 1,345 $ 1,642 Add: Provision for taxes 369 503 860 1,095 Portion of rents representative of an interest factor 56 16 84 33 Interest expense on all indebtedness 4,168 4,041 8,937 7,512 ------ ------ ------- ------- Earnings, as adjusted $5,170 $5,315 $11,226 $10,282 ====== ====== ======= ======= Fixed charges: Portion of rents representative of an interest factor $ 56 $ 16 84 33 Interest expense on all indebtedness 4,168 4,041 8,937 7,512 ------ ------ ------- ------- Fixed charges $4,224 $4,057 $ 9,021 $ 7,545 ------ ------ ------- ------- Ratio of earnings to fixed charges 1.22x 1.31x 1.24x 1.36x ====== ====== ======= =======