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Previous: NORWEST FINANCIAL INC, 10-K405, 2000-03-15 |
Next: NORWEST FINANCIAL INC, 10-K405, 2000-03-15 |
NORWEST FINANCIAL, INC.
Computation of Ratios of Earnings to Fixed Charges
Exhibit 12
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Years Ended December 31, |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (Thousands of Dollars) |
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| 1999 |
1998 |
1997 |
1996 |
1995 |
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| Net earnings | $ | 265,361 | $ | 238,604 | $ | 269,450 | $ | 276,331 | $ | 267,941 | |||||
| Add: |
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| Fixed charges: |
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| Interest including amortization of debt expense |
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520,063 |
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485,784 |
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401,736 |
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372,859 |
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359,079 |
| One third of rentals* |
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13,974 |
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13,406 |
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12,107 |
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10,748 |
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10,317 |
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| Total fixed charges |
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534,037 |
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499,190 |
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413,843 |
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383,607 |
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369,396 |
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| Provision for income taxes |
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149,190 |
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121,668 |
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144,082 |
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148,096 |
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147,873 |
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| Total net earnings, fixed charges and income taxes—"Earnings" |
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$ |
948,588 |
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$ |
859,462 |
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$ |
827,375 |
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$ |
808,034 |
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$ |
785,210 |
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| Ratio of earnings to fixed charges |
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1.78 |
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1.72 |
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2.00 |
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2.11 |
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2.13 |
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* One-third of rentals is deemed representative of the interest factor.
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