Exhibit 12.1
Invesco Ltd.
Ratio of Earnings to Fixed Charges
Six months ended June 30, 2018 | ||||||||||||||||||||||||
Year ended December 31, | ||||||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | ||||||||||||||||||||
Income from continuing operations before income taxes | 647.8 | 1,492.2 | 1,206.6 | 1,362.1 | 1,395.1 | 1,255.2 | ||||||||||||||||||
Less: Equity in earnings of unconsolidated affiliates | (17.0 | ) | (44.7 | ) | (9.3 | ) | (35.1 | ) | (32.8 | ) | (35.5 | ) | ||||||||||||
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Pre tax income before equity in earnings of unconsolidated affiliates | 630.8 | 1,447.5 | 1,197.3 | 1,327.0 | 1,362.3 | 1,219.7 | ||||||||||||||||||
Add: Fixed Charges | 61.1 | 110.3 | 106.9 | 94.8 | 99.7 | 61.7 | ||||||||||||||||||
Add: Distributions from equity method investees | 3.4 | 2.8 | 17.6 | 18.7 | 19.6 | 16.5 | ||||||||||||||||||
Net (income)/loss attributable to noncontrolling interests in consolidated entities | (8.1 | ) | (33.7 | ) | (14.1 | ) | 4.0 | (13.0 | ) | (42.5 | ) | |||||||||||||
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Earnings | 687.2 | 1,526.9 | 1,307.7 | 1,444.5 | 1,468.6 | 1,255.4 | ||||||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Portion of rent expense representing interest | 8.4 | 15.5 | 13.5 | 13.1 | 26.6 | 17.1 | ||||||||||||||||||
Interest Expense | 52.7 | 94.8 | 93.4 | 81.7 | 73.1 | 44.6 | ||||||||||||||||||
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Total fixed charges | 61.1 | 110.3 | 106.9 | 94.8 | 99.7 | 61.7 | ||||||||||||||||||
Ratio of earnings/fixed charges | 11.25 | 13.84 | 12.23 | 15.24 | 14.73 | 20.35 | ||||||||||||||||||
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