Attached files
| file | filename |
|---|---|
| 8-K - 8-K - KKR Financial Holdings LLC | a12-27466_78k.htm |
| EX-8.1 - EX-8.1 - KKR Financial Holdings LLC | a12-27466_7ex8d1.htm |
| EX-3.1 - EX-3.1 - KKR Financial Holdings LLC | a12-27466_7ex3d1.htm |
| EX-4.1 - EX-4.1 - KKR Financial Holdings LLC | a12-27466_7ex4d1.htm |
| EX-8.2 - EX-8.2 - KKR Financial Holdings LLC | a12-27466_7ex8d2.htm |
| EX-5.1 - EX-5.1 - KKR Financial Holdings LLC | a12-27466_7ex5d1.htm |
Exhibit 12.1
Computation of Ratios of Earnings to Combined Fixed Charges and Preferred Equity Distributions
(amounts in thousands)
|
|
|
Nine Months ended |
|
Year ended |
|
Nine Months ended |
|
Year ended December |
|
Year ended December |
|
Year ended December |
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Year ended December |
|
Year ended |
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|
Earnings (loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Income (loss) before equity in income of unconsolidated affiliate and income tax expense |
|
$ |
267,669 |
|
$ |
326,083 |
|
$ |
249,435 |
|
$ |
371,766 |
|
$ |
77,220 |
|
$ |
(1,077,601 |
) |
$ |
205,000 |
|
120,868 |
|
|
Add: Fixed charges from below |
|
161,919 |
|
183,067 |
|
136,629 |
|
156,852 |
|
289,374 |
|
564,614 |
|
617,504 |
|
430,384 |
| |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Total earnings (loss) before equity in income of unconsolidated affiliate, income tax expense, and fixed charges |
|
$ |
429,588 |
|
$ |
509,150 |
|
$ |
386,064 |
|
$ |
528,618 |
|
$ |
366,594 |
|
$ |
(512,987 |
) |
$ |
822,504 |
|
551,252 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Fixed charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||
|
Interest expenses |
|
$ |
161,919 |
|
$ |
183,067 |
|
$ |
136,629 |
|
$ |
156,852 |
|
$ |
289,374 |
|
$ |
564,614 |
|
$ |
617,504 |
|
430,384 |
|
|
Total fixed charges |
|
$ |
161,919 |
|
$ |
183,067 |
|
$ |
136,629 |
|
$ |
156,852 |
|
$ |
289,374 |
|
$ |
564,614 |
|
$ |
617,504 |
|
430,384 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Ratio of earnings (loss) to fixed charges |
|
2.7 |
|
2.8 |
|
2.8 |
|
3.4 |
|
1.3 |
|
* |
|
1.3 |
|
1.3 |
| |||||||
* 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.