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Previous: DONALDSON LUFKIN & JENRETTE INC /NY/, 10-Q, EX-11.1, 2000-08-14 |
Next: DONALDSON LUFKIN & JENRETTE INC /NY/, 10-Q, EX-12.1, 2000-08-14 |
EXHIBIT 12
DONALDSON, LUFKIN & JENRETTE, INC.
STATEMENT RE COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(In thousands, except for ratio)
<TABLE>
<CAPTION>
For the Six Months
For the Years Ended Ended
----------------------------------------------------------------------------------------------
1995 1996 1997 1998 1999 6/00
<S> <C> <C> <C> <C> <C> <C>
Earnings:
Income before provision for
income taxes $ 298,500 $ 473,800 $ 661,100 $ 600,500 $ 953,500 $ 646,700
Add: Fixed Charges
Interest expense (gross) 2,699,769 2,865,800 4,012,209 4,501,242 4,839,810 3,478,960
Interest factor in rents 22,064 25,515 29,351 38,517 52,563 30,994
------------ ----------- ------------ ------------ ----------- ------------
Total fixed charges 2,721,833 2,891,315 4,041,560 4,539,759 4,892,373 3,509,954
Earnings before fixed charges,
and provision for income taxes $ 3,020,333 $ 3,365,115 $ 4,702,660 $ 5,140,259 $ 5,845,873 $ 4,156,654
============ =========== ============ =========== =========== ===========
Ratio of earnings to fixed charges 1.11 1.16 1.16 1.13 1.19 1.18
============ =========== ============= ============ ============ ===========
</TABLE>
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