EX-12.A 2 0002.txt COMPUTATION -- EARNINGS TO FIXED CHARGES EXHIBIT 12(a) BANKERS TRUST CORPORATION AND SUBSIDIARIES COMPUTATION OF CONSOLIDATED RATIOS OF EARNINGS TO FIXED CHARGES (dollars in millions)
Six Months Year Ended December 31, Ended -------------------------------------------------------------------- June 30, 1995 1996 1997 1998 1999 2000 ---------------------------------------------------------------------------------- Earnings: 1. Income (loss) before income taxes $469 $1,131 $1,239 $(77) $(1,415) $127 2. Add: Fixed charges excluding capitalized interest (Line 10) 5,138 5,483 5,959 6,954 3,654 1,468 3. Less: Equity in undistri- buted income of unconsolidated subsidiaries and affiliates 28 30 (117) 15 75 29 ---------------------------------------------------------------------------------- 4. Earnings including interest on deposits 5,579 6,584 7,315 6,862 2,164 1,566 5. Less: Interest on deposits 1,360 1,355 2,076 2,195 1,424 551 ---------------------------------------------------------------------------------- 6. Earnings excluding interest on deposits $4,219 $5,229 $5,239 $4,667 $740 $1,015 ================================================================================== Fixed Charges: 7. Interest Expense $5,105 $5,451 $5,926 $6,919 $3,612 $1,449 8. Estimated interest component of net rental expense 33 32 33 35 42 19 9. Amortization of debt issuance expense -- -- -- -- -- -- ---------------------------------------------------------------------------------- 10. Total fixed charges including interest on deposits and excluding capitalized interest 5,138 5,483 5,959 6,954 3,654 1,468 11. Add: Capitalized interest -- -- -- -- -- -- ---------------------------------------------------------------------------------- 12. Total fixed charges 5,138 5,483 5,959 6,954 3,654 1,468 13. Less: Interest on deposits (Line 5) 1,360 1,355 2,076 2,195 1,424 551 ---------------------------------------------------------------------------------- 14. Fixed charges excluding interest on deposits $3,778 $4,128 $3,883 $4,759 $2,230 $917 ================================================================================== Consolidated Ratios of Earnings to Fixed Charges: Including interest on deposits (Line 4/Line 12) 1.09 1.20 1.23 .99 N/A 1.07 ================================================================================= Excluding interest on deposits (Line 6/Line 14) 1.12 1.27 1.35 .98 N/A 1.11 ================================================================================= For the years ended December 31, 1999 and 1998, earnings, as defined, did not cover fixed charges, including and excluding interest on deposits by $1,490 million and $92 million, respectively, as a result of a net loss recorded during the period. N/A - Not Applicable.