GAMCO INVESTORS, INC. ET AL - FORM 10-K - EX-12.1 - FORM 10-K, EXHIBIT 12.1 - March 6, 2017

Attached files

file	filename
EX-23.1 - FORM 10-K, EXHIBIT 23.1 - GAMCO INVESTORS, INC. ET AL	form10k2016ex231.htm
EX-99.1 - EXHIBIT 99.1 - GAMCO INVESTORS, INC. ET AL	form10k2016ex991.htm
EX-31.3 - EXHIBIT 31.3 - GAMCO INVESTORS, INC. ET AL	form10k2016ex313.htm
EX-32.2 - FORM 10-K, EXHIBIT 32.2 - GAMCO INVESTORS, INC. ET AL	form10k2016ex322.htm
EX-32.1 - FORM 10-K, EXHIBIT 32.1 - GAMCO INVESTORS, INC. ET AL	form10k2016ex321.htm
EX-31.2 - FORM 10-K, EXHIBIT 31.2 - GAMCO INVESTORS, INC. ET AL	form10k2016ex312.htm
EX-31.1 - FORM 10-K, EXHIBIT 31.1 - GAMCO INVESTORS, INC. ET AL	form10k2016ex311.htm
EX-21.1 - FORM 10-K, EXHIBIT 21.1 - GAMCO INVESTORS, INC. ET AL	form10k2016ex211.htm
10-K - FORM 10-K - GAMCO INVESTORS, INC. ET AL	form10k.htm

Exhibit 12.1

Computation of Ratios of Earnings to Fixed Charges

The following table sets forth certain information regarding our consolidated ratio of earnings to fixed charges for the five-year period ended December 31, 2016.

		Year Ending December 31,
		2016				2015				2014				2013				2012
(In thousands, except ratio data)
Income before taxes		$	182,227			$	139,025			$	168,283			$	143,007			$	106,692
Fixed charges			12,716				8,672				7,687				10,066				15,442
Adjusted earnings			194,943				147,697				175,970				153,073				122,134

Interest expense			12,674				8,636				7,653				10,033				15,401
Interest portion of operating leases			42				36				34				33				41
Fixed charges		$	12,716			$	8,672			$	7,687			$	10,066			$	15,442

Ratio of earnings to fixed charges (a)			15.3				17.0				22.9				15.2				7.9

(a)	These ratios were calculated by dividing the sum of fixed charges into the sum of earnings before taxes and fixed charges. Fixed charges for these purposes consist of all interest expense and the approximate portion of rental expense representing interest.