Exhibit 12.01
CITIGROUP INC. | |||||||||||||||||||||||||||
CALCULATION OF RATIO OF INCOME TO FIXED CHARGES | |||||||||||||||||||||||||||
Six Months Ended | |||||||||||||||||||||||||||
Years ended December 31, | June 30, | ||||||||||||||||||||||||||
In millions of dollars, except for ratios | 2013 | 2012 | 2011 | 2010 | 2009 | 2014 | 2013 | ||||||||||||||||||||
EXCLUDING INTEREST ON DEPOSITS: | |||||||||||||||||||||||||||
Fixed Charges | |||||||||||||||||||||||||||
Interest expense (other than interest on deposits) | $ | 9,941 | $ | 12,922 | $ | 15,678 | $ | 16,725 | $ | 17,711 | $ | 4,288 | $ | 5,229 | |||||||||||||
Interest factor in rent expense | 460 | 496 | 495 | 500 | 522 | 232 | 235 | ||||||||||||||||||||
Total fixed charges | $ | 10,401 | $ | 13,418 | $ | 16,173 | $ | 17,225 | $ | 18,233 | $ | 4,520 | $ | 5,464 | |||||||||||||
Income | |||||||||||||||||||||||||||
Income from continuing operations before taxes and noncontrolling interests | $ | 19,497 | $ | 7,825 | $ | 14,722 | $ | 13,116 | $ | (7,776 | ) | $ | 8,092 | $ | 11,816 | ||||||||||||
Fixed charges (excluding preferred stock dividends) | 10,401 | 13,418 | 16,173 | 17,225 | 18,233 | 4,520 | 5,464 | ||||||||||||||||||||
Total income | $ | 29,898 | $ | 21,243 | $ | 30,895 | $ | 30,341 | $ | 10,434 | $ | 12,612 | $ | 17,280 | |||||||||||||
Ratio of income to fixed charges excluding interest on deposits | 2.87 | 1.58 | 1.91 | 1.76 | NM | 2.79 | 3.16 | ||||||||||||||||||||
INCLUDING INTEREST ON DEPOSITS: | |||||||||||||||||||||||||||
Fixed Charges | |||||||||||||||||||||||||||
Interest expense | $ | 16,177 | $ | 20,612 | $ | 24,209 | $ | 25,057 | $ | 27,902 | $ | 7,206 | $ | 8,488 | |||||||||||||
Interest factor in rent expense | 460 | 496 | 495 | 500 | 522 | 232 | 235 | ||||||||||||||||||||
Total fixed charges | $ | 16,637 | $ | 21,108 | $ | 24,704 | $ | 25,557 | $ | 28,424 | $ | 7,438 | $ | 8,723 | |||||||||||||
Income | |||||||||||||||||||||||||||
Income from continuing operations before taxes and noncontrolling interests | $ | 19,497 | $ | 7,825 | $ | 14,722 | $ | 13,116 | $ | (7,776 | ) | $ | 8,092 | $ | 11,816 | ||||||||||||
Fixed charges (excluding preferred stock dividends) | 16,637 | 21,108 | 24,704 | 25,557 | 28,424 | 7,438 | 8,723 | ||||||||||||||||||||
Total income | $ | 36,134 | $ | 28,933 | $ | 39,426 | $ | 38,673 | $ | 20,625 | $ | 15,530 | $ | 20,539 | |||||||||||||
Ratio of income to fixed charges including interest on deposits | 2.17 | 1.37 | 1.60 | 1.51 | NM | 2.09 | 2.35 |