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Previous: SALOMON SMITH BARNEY HOLDINGS INC, 10-Q, 2000-11-13 |
Next: SALOMON SMITH BARNEY HOLDINGS INC, 10-Q, EX-27.01, 2000-11-13 |
<PAGE> 1
EXHIBIT 12.01
SALOMON SMITH BARNEY HOLDINGS INC. AND SUBSIDIARIES
CALCULATION OF RATIO OF EARNINGS TO FIXED CHARGES
(Unaudited)
<TABLE>
<CAPTION>
Nine
Months
Ended
September 30,
Dollars in millions 2000
----------------
<S> <C>
Earnings from operations:
Income before income taxes and cumulative effect of change
in accounting principles $ 3,664
Add fixed charges (see below) 10,436
----------------
Earnings as defined $ 14,100
================
Fixed charges from operations:
Interest expense $ 10,348
Other adjustments 88
----------------
Fixed charges from operations as defined $ 10,436
================
Ratio of earnings to fixed charges 1.35
================
</TABLE>
NOTE:
The ratio of earnings to fixed charges is calculated by dividing fixed charges
into the sum of income before income taxes and cumulative effect of change in
accounting principles and fixed charges. Fixed charges consist of interest
expense, including capitalized interest and a portion of rental expense
representative of the interest factor.
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