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EX-32.1 - EXHIBIT 32.1 - NorthStar Asset Management Group Inc.nsam06302016ex321.htm
10-Q - 10-Q - NorthStar Asset Management Group Inc.nsam-06302016x10xq.htm
EX-32.2 - EXHIBIT 32.2 - NorthStar Asset Management Group Inc.nsam06302016ex322.htm
EX-31.2 - EXHIBIT 31.2 - NorthStar Asset Management Group Inc.nsam06302016ex312.htm
EX-31.1 - EXHIBIT 31.1 - NorthStar Asset Management Group Inc.nsam06302016ex311.htm


Exhibit 12.1

Ratio of Earnings to Fixed Charges
Ratio of Earning to Combined Fixed Charges
(dollars in thousands)

 
Six Months Ended June 30,
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings
 
 
 
 
 
 
 
 
 
 
 
Income (loss) before equity in earnings (losses) of unconsolidated ventures and income tax benefit (expense)
$
39,827

 
$
140,991

 
$
21,761

 
$
(1,995
)
 
$
(17,322
)
 
$
(256,882
)
Add (subtract):
 
 
 
 
 
 
 
 
 
 
 
Distributions from unconsolidated ventures
7,184

 
10,793

 

 

 

 

Interest expense
12,086

 
778

 

 

 

 

Total earnings
$
59,097

 
$
152,562

 
$
21,761

 
$
(1,995
)
 
$
(17,322
)
 
$
(256,882
)
Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
Interest expense
12,086

 
778

 

 

 

 

Total Fixed Charges
12,086

 
778

 

 

 

 

Total Combined Fixed Charges and Preferred Stock Dividends
$

 
$
778

 
$

 
$

 
$

 
$

Ratio of earnings to fixed charges(1)
4.89

 
196.10

 
NA

 
NA

 
NA

 
NA

Ratio of earnings to combined fixed charges and preferred stock dividends(2)
NA

 
NA

 
NA

 
NA

 
NA

 
NA

Deficiency related to ratio of earnings to fixed charges
NA

 
NA

 
NA

 
NA

 
NA

 
NA

________________________________
(1)
Because there were no fixed charges prior to 2015 the ratio is not applicable.
(2)
Because there was no preferred stock outstanding for the periods presented, the ratio is not applicable.