|
Nine Months
Ended
|
Year Ended December 31
|
|||||||||||||||||||||||
|
September 30,
2016
|
2015
|
2014
|
2013
|
2012
|
2011
|
|||||||||||||||||||
|
Fixed charges
|
$
|
86,155
|
$
|
93,975
|
$
|
73,643
|
$
|
75,104
|
$
|
77,848
|
$
|
66,080
|
||||||||||||
|
Fixed charges
|
$
|
86,155
|
$
|
93,975
|
$
|
73,643
|
$
|
75,104
|
$
|
77,848
|
$
|
66,080
|
||||||||||||
|
Net income
|
65,423
|
108,325
|
140,820
|
126,487
|
163,626
|
160,204
|
||||||||||||||||||
|
$
|
151,578
|
$
|
202,300
|
$
|
214,463
|
$
|
201,591
|
$
|
241,474
|
$
|
226,284
|
|||||||||||||
|
Ratio of net income to fixed charges
|
1.76:1
|
2.15:1
|
2.91:1
|
2.68:1
|
3.10:1
|
3.42:1
|
||||||||||||||||||
|
Nine Months
Ended
|
Year Ended December 31
|
|||||||||||||||||||||||
|
September 30,
2016
|
2015
|
2014
|
2013
|
2012
|
2011
|
|||||||||||||||||||
|
Fixed charges
|
$
|
86,155
|
$
|
93,975
|
$
|
73,643
|
$
|
75,104
|
$
|
77,848
|
$
|
66,080
|
||||||||||||
|
Preferred stock items:
|
||||||||||||||||||||||||
|
Redemption preference premiums*
|
–
|
–
|
–
|
19,924
|
–
|
–
|
||||||||||||||||||
|
Dividends
|
11,515
|
15,160
|
13,781
|
17,536
|
21,021
|
20,369
|
||||||||||||||||||
|
Combined fixed charges and preferred stock items
|
$
|
97,670
|
$
|
109,135
|
$
|
87,424
|
$
|
112,564
|
$
|
98,869
|
$
|
86,449
|
||||||||||||
|
Fixed charges
|
$
|
86,155
|
$
|
93,975
|
$
|
73,643
|
$
|
75,104
|
$
|
77,848
|
$
|
66,080
|
||||||||||||
|
Net income
|
65,423
|
108,325
|
140,820
|
126,487
|
163,626
|
160,204
|
||||||||||||||||||
|
$
|
151,578
|
$
|
202,300
|
$
|
214,463
|
$
|
201,591
|
$
|
241,474
|
$
|
226,284
|
|||||||||||||
|
Ratio of net income to combined fixed charges and preferred stock dividends
|
1.55:1
|
1.85:1
|
2.45:1
|
1.79:1
|
2.44:1
|
2.62:1
|
||||||||||||||||||
| * |
Capstead’s Series A and B preferred shares were redeemed in June 2013. The ratio of net income to combined fixed charges and preferred stock dividends excluding the redemption preference premiums was 2.18:1 for the year ended December 31, 2013.
|