Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - PENSON WORLDWIDE INC | d82148e10vq.htm |
| EX-32.1 - EX-32.1 - PENSON WORLDWIDE INC | d82148exv32w1.htm |
| EX-32.2 - EX-32.2 - PENSON WORLDWIDE INC | d82148exv32w2.htm |
| EX-31.2 - EX-31.2 - PENSON WORLDWIDE INC | d82148exv31w2.htm |
| EX-31.1 - EX-31.1 - PENSON WORLDWIDE INC | d82148exv31w1.htm |
Exhibit 12.1
STATEMENTS REGARDING COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES
| Three | ||||||||||||||||||||||||
| Months | ||||||||||||||||||||||||
| Ended | ||||||||||||||||||||||||
| March 31, | Year ended December 31, | |||||||||||||||||||||||
| 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||||||
Earnings: |
||||||||||||||||||||||||
Income from continuing operations before income taxes |
$ | (4,615 | ) | $ | (29,216 | ) | $ | 25,836 | $ | 16,649 | $ | 41,958 | $ | 37,578 | ||||||||||
Fixed charges excluding interest from securities operations |
10,438 | 33,310 | 12,535 | 5,911 | 5,193 | 4,420 | ||||||||||||||||||
Subtotal |
5,823 | 4,094 | 38,371 | 22,560 | 47,151 | 41,998 | ||||||||||||||||||
Interest expense from securities operations |
8,254 | 22,269 | 34,279 | 90,699 | 140,077 | 89,429 | ||||||||||||||||||
Total |
$ | 14,077 | $ | 26,363 | $ | 72,650 | $ | 113,259 | $ | 187,228 | $ | 131,427 | ||||||||||||
Fixed charges: |
||||||||||||||||||||||||
Interest expense on long-term debt |
$ | 9,711 | $ | 30,829 | $ | 10,344 | $ | 3,854 | $ | 2,894 | $ | 2,951 | ||||||||||||
Interest factor in rents and other interest-bearing liabilities |
727 | 2,481 | 2,191 | 2,057 | 2,299 | 1,469 | ||||||||||||||||||
Subtotal |
10,438 | 33,310 | 12,535 | 5,911 | 5,193 | 4,420 | ||||||||||||||||||
Interest expense from securities operations |
8,254 | 22,269 | 34,279 | 90,699 | 140,077 | 89,429 | ||||||||||||||||||
Total |
$ | 18,692 | $ | 55,579 | $ | 46,814 | $ | 96,610 | $ | 145,270 | $ | 93,849 | ||||||||||||
Ratio of earnings to fixed charges: |
||||||||||||||||||||||||
Including interest expense from securities operations |
0.8 | 0.5 | 1.6 | 1.2 | 1.3 | 1.4 | ||||||||||||||||||
Excluding interest expense from securities operations |
0.6 | 0.1 | 3.1 | 3.8 | 9.1 | 9.5 | ||||||||||||||||||