eTrade 2002 Annual Report Download - page 210

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Income (loss) before income taxes,
minority interest, extraordinary items
and cumulative effect of accounting
change less equity in income (losses) of
investments
$ 184,869 $ (254,763 ) $ 3,290 $ 115,962 $ (74,568 )
$ 2,312
Fixed charges 622,632 851,481 250,848 646,387 234,049 134,757
Less:
Preference securities dividend
requirement of consolidated
subsidiaries
— — — — (6,083 )
(6,840 )
Earnings $ 807,501 $ 596,718 $ 254,138 $ 762,349 $ 153,398 $ 130,229
Ratio of earnings to fixed charges 1.30 0.70 1.01 1.18 0.66 0.97
Excess (deficiency) of earnings to
fixed charges
$ 184,869 $ (254,763 ) $ 3,290 $ 115,962 $ (80,651 )
$ (4,528 )
The ratio of earnings to fixed charges is computed by dividing fixed charges into income (loss) before income taxes, minority interest,
extraordinary items and the cumulative effect of accounting change less equity in the income (losses) of investments plus fixed charges less the
preference securities dividend requirement of consolidated subsidiaries. Fixed charges include, as applicable, interest expense, amortization of
debt issuance costs, the estimated interest component of rent expense and the preference securities dividend requirement of consolidated
subsidiaries.
Exhibit 21.1
List of Subsidiaries
2744221 Canada, Inc.
3118967 Canada, Inc.
3045175 Nova Scotia Company
1136500 Ontario, Inc.
ATM Ventures, LLC
BRE Holdings, LLC
CCS (Canada), Inc.
Canopy Acquisition Corp.
Capitol View, LLC
ClearStation, Inc.
Confluent, Inc.
Converging Arrows, Inc.
Dempsey & Co., LLC
Deutsche Recreational Asset Funding Corporation
E TRADE Systems India Private Limited
2003. EDGAR Online, Inc.