Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - PENSON WORLDWIDE INC | d71353e10vk.htm |
| EX-2.4 - EX-2.4 - PENSON WORLDWIDE INC | d71353exv2w4.htm |
| EX-21.1 - EX-21.1 - PENSON WORLDWIDE INC | d71353exv21w1.htm |
| EX-23.1 - EX-23.1 - PENSON WORLDWIDE INC | d71353exv23w1.htm |
| EX-32.1 - EX-32.1 - PENSON WORLDWIDE INC | d71353exv32w1.htm |
| EX-31.1 - EX-31.1 - PENSON WORLDWIDE INC | d71353exv31w1.htm |
| EX-31.2 - EX-31.2 - PENSON WORLDWIDE INC | d71353exv31w2.htm |
| EX-32.2 - EX-32.2 - PENSON WORLDWIDE INC | d71353exv32w2.htm |
| EX-10.34 - EX-10.34 - PENSON WORLDWIDE INC | d71353exv10w34.htm |
| EX-10.36 - EX-10.36 - PENSON WORLDWIDE INC | d71353exv10w36.htm |
| EX-10.35 - EX-10.35 - PENSON WORLDWIDE INC | d71353exv10w35.htm |
Exhibit 12.1
STATEMENTS REGARDING COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES
| Year ended December 31, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
Earnings: |
||||||||||||||||||||
Income from continuing operations before income taxes |
$ | 25,836 | $ | 16,649 | $ | 41,958 | $ | 37,578 | $ | 4,678 | ||||||||||
Fixed charges excluding interest from securities operations |
12,535 | 5,911 | 5,193 | 4,420 | 4,563 | |||||||||||||||
Subtotal |
38,371 | 22,560 | 47,151 | 41,998 | 9,241 | |||||||||||||||
Interest expense from securities operations |
34,279 | 90,699 | 140,077 | 89,429 | 46,661 | |||||||||||||||
Total |
$ | 72,650 | $ | 113,259 | $ | 187,228 | $ | 131,427 | $ | 55,902 | ||||||||||
Fixed charges: |
||||||||||||||||||||
Interest expense on long-term debt |
$ | 10,344 | $ | 3,854 | $ | 2,894 | $ | 2,951 | $ | 3,123 | ||||||||||
Interest factor in rents and other interest-bearing liabilities |
2,191 | 2,057 | 2,299 | 1,469 | 1,440 | |||||||||||||||
Subtotal |
12,535 | 5,911 | 5,193 | 4,420 | 4,563 | |||||||||||||||
Interest expense from securities operations |
34,279 | 90,699 | 140,077 | 89,429 | 46,661 | |||||||||||||||
Total |
$ | 46,814 | $ | 96,610 | $ | 145,270 | $ | 93,849 | $ | 51,224 | ||||||||||
Ratio of earnings to fixed charges: |
||||||||||||||||||||
Including interest expense from securities operations |
1.6 | 1.2 | 1.3 | 1.4 | 1.1 | |||||||||||||||
Excluding interest expense from securities operations |
3.1 | 3.8 | 9.1 | 9.5 | 2.0 | |||||||||||||||