FRANKLIN RESOURCES INC - FORM 10-K - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - November 12, 2014

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EXCEL - IDEA: XBRL DOCUMENT - FRANKLIN RESOURCES INCFinancial_Report.xls
EX-21 - LIST OF SUBSIDIARIES - FRANKLIN RESOURCES INCexhibit2193014.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - FRANKLIN RESOURCES INCexhibit31293014.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - FRANKLIN RESOURCES INCexhibit32193014.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - FRANKLIN RESOURCES INCexhibit32293014.htm
EX-10.7 - AMENDED AND RESTATED ANNUAL INCENTIVE COMPENSATION PLAN - FRANKLIN RESOURCES INCexhibit10793014.htm
EX-10.3 - REPRESENTATIVE FORM OF NOTICE OF RSU AWARD AND RSU AWARD AGREEMENT - FRANKLIN RESOURCES INCexhibit10393014.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - FRANKLIN RESOURCES INCexhibit2393014.htm
EX-10.2 - REPRESENTATIVE FORM OF NOTICE OF RS AWARD AND RS AWARD AGREEMENT - FRANKLIN RESOURCES INCexhibit10293014.htm
10-K - FORM 10-K - FRANKLIN RESOURCES INCform10k93014.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - FRANKLIN RESOURCES INCexhibit31193014.htm


EXHIBIT 12
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions)
 
2014
 
2013
 
2012
 
2011
 
2010
for the fiscal years ended September 30,
 
 
 
 
 
Income before taxes excluding equity in income of investees, noncontrolling interests of consolidated subsidiaries and capitalized interest
 
$
3,341.5

 
$
2,952.6

 
$
2,609.6

 
$
2,625.3

 
$
2,050.2

Additions:
 
 
 
 

 
 

 
 

 
 

Dividends received from equity method investees
 
13.3

 
18.8

 
7.9

 
20.0

 
18.1

Interest on uncertain tax positions included in income before taxes
 
2.4

 
1.0

 
(0.3
)
 
3.2

 
5.1

Fixed charges
 
 
 
 

 
 

 
 

 
 

Interest expense - excluding interest on deposits
 
47.4

 
48.9

 
45.4

 
53.7

 
18.4

Interest expense - deposits
 
0.2

 
1.2

 
2.9

 
4.1

 
4.7

Interest on uncertain tax positions not related to third party
 
(2.4
)
 
(1.0
)
 
0.3

 
(3.2
)
 
(5.1
)
Interest factor on rent1
 
19.4

 
19.1

 
19.5

 
20.7

 
22.2

Total fixed charges
 
64.6

 
68.2

 
68.1

 
75.3

 
40.2

Adjusted earnings
 
$
3,421.8

 
$
3,040.6

 
$
2,685.3

 
$
2,723.8

 
$
2,113.6

Ratio of adjusted earnings to fixed charges including interest on deposits
 
53.0

 
44.6

 
39.4

 
36.2

 
52.6

Ratio of adjusted earnings to fixed charges excluding interest on deposits
 
53.1

 
45.4

 
41.1

 
38.2

 
59.4

________________
1        Interest factor on rent represents one-third of rental expense (the approximate portion of rental expense representing interest).



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