Attached files
| file | filename |
|---|---|
| 10-K - 10-K - Hatteras Financial Corp | hts-10k_20151231.htm |
| EX-23.1 - EX-23.1 - Hatteras Financial Corp | hts-ex231_11.htm |
| EX-31.2 - EX-31.2 - Hatteras Financial Corp | hts-ex312_10.htm |
| EX-32.2 - EX-32.2 - Hatteras Financial Corp | hts-ex322_9.htm |
| EX-21.1 - EX-21.1 - Hatteras Financial Corp | hts-ex211_7.htm |
| EX-32.1 - EX-32.1 - Hatteras Financial Corp | hts-ex321_12.htm |
| EX-31.1 - EX-31.1 - Hatteras Financial Corp | hts-ex311_8.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges
(Dollars in thousands.)
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Years Ended December 31 |
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2015 |
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2014 |
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2013 (3) |
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2012 |
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2011 |
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Computation of ratio of net income to fixed charges |
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|
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Fixed charges (1) |
$ |
163,907 |
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|
$ |
166,315 |
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|
$ |
204,366 |
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|
$ |
197,064 |
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|
$ |
144,662 |
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Fixed charges (1) |
|
163,907 |
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|
166,315 |
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|
204,366 |
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|
|
197,064 |
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|
|
144,662 |
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Net income |
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51,620 |
|
|
|
56,361 |
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(134,136 |
) |
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|
349,245 |
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|
284,373 |
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|
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|
215,527 |
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|
222,676 |
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|
70,230 |
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|
546,309 |
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|
429,035 |
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Ratio of earnings to fixed charges |
|
1.31 |
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|
1.34 |
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|
0.34 |
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2.77 |
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2.97 |
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Computation of ratio of net income to combined fixed charges and preferred stock dividends: |
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Fixed charges (1) |
$ |
163,907 |
|
|
$ |
166,315 |
|
|
$ |
204,366 |
|
|
$ |
197,064 |
|
|
$ |
144,662 |
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|
Preferred stock dividends (2) |
|
21,922 |
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|
|
21,922 |
|
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21,922 |
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|
7,551 |
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- |
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Combined fixed charges and preferred stock dividends |
|
185,829 |
|
|
|
188,237 |
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|
226,288 |
|
|
|
204,615 |
|
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|
144,662 |
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Combined fixed charges and preferred stock dividends |
|
185,829 |
|
|
|
188,237 |
|
|
|
226,288 |
|
|
|
204,615 |
|
|
|
144,662 |
|
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Net income |
|
51,620 |
|
|
|
56,361 |
|
|
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(134,136 |
) |
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|
349,245 |
|
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284,373 |
|
|
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|
237,449 |
|
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|
244,598 |
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|
92,152 |
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553,860 |
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|
429,035 |
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Ratio of earnings to combined fixed charges and preferred stock dividends |
|
1.28 |
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|
1.30 |
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|
0.41 |
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2.71 |
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2.97 |
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(1)Fixed charges consist of interest expense on all indebtedness, including interest rate swaps and maturities of Eurodollar Futures Contracts. |
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(2)No preferred stock was outstanding during 2011. |
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(3)Earnings for the year ended December 31, 2013 were inadequate to cover fixed charges and preferred stock dividends by $134,136. |
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