Attached files
| file | filename |
|---|---|
| 8-K - 8-K - KKR Financial Holdings LLC | a10-1624_18k.htm |
| EX-99.2 - EX-99.2 - KKR Financial Holdings LLC | a10-1624_1ex99d2.htm |
| EX-10.1 - EX-10.1 - KKR Financial Holdings LLC | a10-1624_1ex10d1.htm |
| EX-99.1 - EX-99.1 - KKR Financial Holdings LLC | a10-1624_1ex99d1.htm |
EXHIBIT 12.1
Computation of Ratios of Earnings to Fixed Charges
(amounts in thousands)
|
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|
Nine months ended |
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Year ended December |
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Year ended December |
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Year ended December |
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Year ended December |
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Period from |
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(Loss) earnings: |
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(Loss) income before equity in income of unconsolidated affiliate and income tax expense |
|
74,820 |
|
(1,077,601 |
) |
205,000 |
|
120,868 |
|
69,777 |
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(8,024 |
) |
|
Add: Fixed charges from below |
|
235,980 |
|
564,614 |
|
617,504 |
|
430,384 |
|
107,792 |
|
21 |
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Total (loss) earnings before equity in income of unconsolidated affiliate, income tax expense, and fixed charges |
|
310,800 |
|
(512,987 |
) |
822,504 |
|
551,252 |
|
177,569 |
|
(8,003 |
) |
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Fixed charges: |
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Interest expenses |
|
235,980 |
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564,614 |
|
617,504 |
|
430,384 |
|
107,792 |
|
21 |
|
|
Total fixed charges |
|
235,980 |
|
564,614 |
|
617,504 |
|
430,384 |
|
107,792 |
|
21 |
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|
|
|
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Ratio of (loss) earnings to fixed charges |
|
1.3 |
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(2) |
1.3 |
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1.3 |
|
1.6 |
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(3) |
(1) Certain prior period information has been reclassified to conform to the current period’s presentation
(2) Losses exceeded fixed charges by approximately $513.0 million for the year ended December 31, 2008. The coverage deficiency for total fixed charges for the year ended December 31, 2008 was $1,077.6 million to arrive at a one-to-one ratio.
(3) Losses exceeded fixed charges by approximately $8.0 million for the period from August 12, 2004 (the date of inception) through December 31, 2004. The coverage deficiency for total fixed charges for the period from August 12, 2004 (inception) through December 31, 2004 was $8.0 million to arrive at a one-to-one ratio.