Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - NUVEEN INVESTMENTS INC | c57188e10vk.htm |
| EX-31.2 - EX-31.2 - NUVEEN INVESTMENTS INC | c57188exv31w2.htm |
| EX-32.1 - EX-32.1 - NUVEEN INVESTMENTS INC | c57188exv32w1.htm |
| EX-31.1 - EX-31.1 - NUVEEN INVESTMENTS INC | c57188exv31w1.htm |
Exhibit 12
Nuveen
Investments Inc. & Subsidiaries
Computation
of Earnings to Fixed Charges
| Predecessor | Successor | ||||||||||||||||||||||||
|
January 1, 2007 |
November 14, 2007 |
||||||||||||||||||||||||
| 2005 | 2006 | to November 13, 2007 | to December 31, 2007 | 2008 | 2009 | ||||||||||||||||||||
| (In thousands, except for the ratio of earnings to fixed charges) | |||||||||||||||||||||||||
|
Earnings:
|
|||||||||||||||||||||||||
|
Income/(loss) before income taxes
|
$ | 284,648 | $ | 314,834 | $ | 207,336 | $ | (53,920 | ) | $ | (2,278,298 | ) | $ | (4,561 | ) | ||||||||||
|
less: net income/(loss) attributable to Symphony CLO V
|
— | — | — | (7,416 | ) | (141,508 | ) | 135,273 | |||||||||||||||||
|
Adjusted income/(loss) before taxes
|
284,648 | 314,834 | 207,336 | (46,504 | ) | (2,136,790 | ) | (139,834 | ) | ||||||||||||||||
|
less: income/(loss) from noncontrolling interests
|
5,809 | 6,230 | 7,211 | 1,062 | 2,286 | 1,653 | |||||||||||||||||||
|
Income/(loss) before taxes attributable to Nuveen Investments
|
278,839 | 308,605 | 200,124 | (47,566 | ) | (2,139,076 | ) | (141,487 | ) | ||||||||||||||||
|
Fixed charges
|
31,868 | 44,028 | 34,916 | 40,982 | 291,036 | 317,825 | |||||||||||||||||||
|
Earnings as defined
|
$ | 310,707 | $ | 352,632 | $ | 235,040 | $ | (6,584 | ) | $ | (1,848,040 | ) | $ | 176,338 | |||||||||||
|
Fixed Charges:
|
|||||||||||||||||||||||||
|
Gross interest expense
|
$ | 27,917 | $ | 39,553 | $ | 30,393 | $ | 41,520 | $ | 306,616 | $ | 320,080 | |||||||||||||
|
less: interest expense associated with Symphony CLO V
|
— | — | — | 1,214 | 21,282 | 8,185 | |||||||||||||||||||
|
adjusted gross interest expense
|
27,917 | 39,553 | 30,393 | 40,306 | 285,334 | 311,895 | |||||||||||||||||||
|
Interest component of rent expense (one third of rent expense)
|
3,951 | 4,474 | 4,523 | 676 | 5,702 | 5,930 | |||||||||||||||||||
|
Total fixed charges
|
$ | 31,868 | $ | 44,028 | $ | 34,916 | $ | 40,982 | $ | 291,036 | $ | 317,825 | |||||||||||||
|
Ratio of earnings to fixed charges:
|
9.75 | 8.01 | 6.73 | (0.16 | ) | (6.35 | ) | 0.55 | |||||||||||||||||
|
Deficiency
|
— | — | — | $ | 47,566 | $ | 2,139,076 | $ | 141,487 | ||||||||||||||||