Exhibit 12.1
SPRINGLEAF FINANCE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
(dollars in millions) | ||||||||||||||||||||
Years Ended December 31, | 2017 | 2016 | 2015 | 2014 | 2013 | |||||||||||||||
Earnings: | ||||||||||||||||||||
Income (loss) before income tax expense (benefit) | $ | 395 | $ | 397 | $ | (196 | ) | $ | 678 | $ | (125 | ) | ||||||||
Interest expense | 816 | 856 | 715 | 683 | 843 | |||||||||||||||
Implicit interest in rents | 26 | 27 | 12 | 10 | 9 | |||||||||||||||
Total earnings | $ | 1,237 | $ | 1,280 | $ | 531 | $ | 1,371 | $ | 727 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest expense | $ | 816 | $ | 856 | $ | 715 | $ | 683 | $ | 843 | ||||||||||
Implicit interest in rents | 26 | 27 | 12 | 10 | 9 | |||||||||||||||
Total fixed charges | $ | 842 | $ | 883 | $ | 727 | $ | 693 | $ | 852 | ||||||||||
Ratio of earnings to fixed charges | 1.47 | 1.45 | * | 1.98 | * |
* | Earnings did not cover total fixed charges by $196 million in 2015 and by $125 million in 2013. |
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