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Previous: DONALDSON LUFKIN & JENRETTE INC /NY/, 10-Q, EX-11.1, 2000-11-14 |
Next: DONALDSON LUFKIN & JENRETTE INC /NY/, 10-Q, EX-12.1, 2000-11-14 |
<PAGE>
EXHIBIT 12
CSFB (USA), INC.
STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except for ratio)
<TABLE>
<CAPTION>
FOR THE
NINE MONTHS
FOR THE YEARS ENDED ENDED
------------------------------------------------------------------ -----------
1995 1996 1997 1998 1999 9/00
<S> <C> <C> <C> <C> <C> <C>
Earnings:
Income before provision for
income taxes $ 298,500 $ 473,800 $ 661,100 $ 600,500 $ 953,500 $ 725,700
Add: Fixed Charges
Interest expense (gross) 2,699,769 2,865,800 4,012,209 4,501,242 4,839,810 5,451,692
Interest factor in rents 22,064 25,515 29,351 38,517 52,563 44,133
---------- ---------- ---------- ---------- ---------- ----------
Total fixed charges 2,721,833 2,891,315 4,041,560 4,539,759 4,892,373 5,495,825
Earnings before fixed charges,
and provision for income taxes $3,020,333 $3,365,115 $4,702,660 $5,140,259 $5,845,873 $6,221,525
========== ========== ========== ========== ========== ==========
Ratio of earnings to fixed charges 1.11 1.16 1.16 1.13 1.19 1.13
========== ========== ========== ========== ========== ==========
</TABLE>
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