FRANKLIN RESOURCES INC - FORM 10-K - EX-12 - COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES - November 14, 2016

Attached files

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EX-10.10 - NAMED EXECUTIVE OFFICER COMPENSATION AS OF SEPTEMBER 30, 2016 - FRANKLIN RESOURCES INCexhibit101093016.htm
EX-31.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO SECTION 302 - FRANKLIN RESOURCES INCexhibit31293016.htm
10-K - FORM 10-K - FRANKLIN RESOURCES INCform10k93016.htm
EX-32.2 - CERTIFICATION OF CHIEF FINANCIAL OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - FRANKLIN RESOURCES INCexhibit32293016.htm
EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO 18 U.S.C. SECTION 1350 - FRANKLIN RESOURCES INCexhibit32193016.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO SECTION 302 - FRANKLIN RESOURCES INCexhibit31193016.htm
EX-23 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - FRANKLIN RESOURCES INCexhibit2393016.htm
EX-21 - LIST OF SUBSIDIARIES - FRANKLIN RESOURCES INCexhibit2193016.htm


EXHIBIT 12
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(in millions)
 
2016
 
2015
 
2014
 
2013
 
2012
for the fiscal years ended September 30,
 
 
 
 
 
Income before taxes excluding equity in income of investees, noncontrolling interests of consolidated subsidiaries and capitalized interest
 
$
2,443.1

 
$
3,091.6

 
$
3,341.5

 
$
2,952.6

 
$
2,609.6

Additions:
 
 
 
 

 
 

 
 

 
 

Dividends received from equity method investees
 
10.9

 
21.9

 
13.3

 
18.8

 
7.9

Interest on uncertain tax positions included in income before taxes
 
(1.3
)
 
(6.6
)
 
2.4

 
1.0

 
(0.3
)
Fixed charges
 
 
 
 

 
 

 
 

 
 

Interest expense - excluding interest on deposits
 
49.9

 
39.6

 
47.4

 
48.9

 
45.4

Interest expense - deposits
 
—

 
—

 
0.2

 
1.2

 
2.9

Interest on uncertain tax positions not related to third party
 
1.3

 
6.6

 
(2.4
)
 
(1.0
)
 
0.3

Interest factor on rent1
 
23.1

 
19.3

 
19.4

 
19.1

 
19.5

Total fixed charges
 
74.3

 
65.5

 
64.6

 
68.2

 
68.1

Adjusted earnings
 
$
2,527.0

 
$
3,172.4

 
$
3,421.8

 
$
3,040.6

 
$
2,685.3

Ratio of adjusted earnings to fixed charges including interest on deposits
 
34.0

 
48.4

 
53.0

 
44.6

 
39.4

Ratio of adjusted earnings to fixed charges excluding interest on deposits
 
34.0

 
48.4

 
53.1

 
45.4

 
41.1

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



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