Attached files
| file | filename |
|---|---|
| EX-99.3 - EXHIBIT 99.3 - NASDAQ, INC. | dex993.htm |
| EX-99.2 - EXHIBIT 99.2 - NASDAQ, INC. | dex992.htm |
| EX-99.1 - EXHIBIT 99.1 - NASDAQ, INC. | dex991.htm |
| EX-23.1 - EXHIBIT 23.1 - NASDAQ, INC. | dex231.htm |
| 8-K - FORM 8-K - NASDAQ, INC. | d8k.htm |
Exhibit 12.1
The NASDAQ OMX Group, Inc.
Computation of Ratio of Earnings to Fixed Charges
And Preferred Stock Dividends
(Dollars in Thousands)
Unaudited
| Year Ended December 31, | ||||||||||||||||||||
| 2008(1) As Adjusted |
2007 | 2006 | 2005 | 2004 | ||||||||||||||||
| Pre-tax income from continuing operations |
$ | 510,638 | (2) | $ | 793,903 | (4) | $ | 213,145 | (5) | $ | 106,262 | (6) | $ | 2,553 | (7) | |||||
| Add: fixed charges |
111,544 | 72,863 | 91,097 | 20,338 | 11,789 | |||||||||||||||
| Pre-tax income before fixed charges |
622,182 | 866,766 | 304,242 | 126,600 | 14,342 | |||||||||||||||
| Fixed charges: |
||||||||||||||||||||
| Interest expense(3) |
111,544 | 72,863 | 91,097 | 20,338 | 11,484 | |||||||||||||||
| Other |
— | — | — | — | 305 | |||||||||||||||
| Total fixed charges |
111,544 | 72,863 | 91,097 | 20,338 | 11,789 | |||||||||||||||
| Preferred stock dividend requirements |
— | — | 359 | 3,220 | 8,354 | |||||||||||||||
| Total combined fixed charges and preferred stock dividends |
$ | 111,544 | $ | 72,863 | $ | 91,456 | $ | 23,558 | $ | 20,143 | ||||||||||
| Ratio of earnings to fixed charges |
5.58 | 11.90 | 3.34 | 6.22 | 1.22 | |||||||||||||||
| Ratio of earnings to fixed charges and preferred stock dividends |
5.58 | 11.90 | 3.33 | 5.37 | 0.71 | (8) | ||||||||||||||
| (1) | The results of OMX have been included in this calculation since February 27, 2008. PHLX is included beginning July 24, 2008, BSX is included beginning August 29, 2008, certain businesses of Nord Pool are included beginning October 21, 2008 and IDCG is included beginning December 19, 2008. |
| (2) | 2008 pre-tax income from continuing operations is before equity in earnings of 50%-or-less-owned companies and adjustment for noncontrolling interests. |
| (3) | Consists of interest expense on all debt obligations (including amortization of deferred financing costs) and the portion of operating lease rental expense that is representative of the interest factor. |
| (4) | Includes costs of $4,100 associated with Nasdaq’s 2007 cost reductions. |
| (5) | Includes costs of $40,900 associated with Nasdaq’s 2006 cost reductions. |
| (6) | Includes net costs of $20,000 associated with Nasdaq’s 2005 cost reductions. |
| (7) | Includes costs of $62,600 associated with Nasdaq’s 2004 cost reductions. |
| (8) | The amount of the deficiency was $5,801. |