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Content analysis
?Positive | ||
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H.S. freshman Avg
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Exhibit 12
SPRINGLEAF FINANCE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
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| Successor |
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| Predecessor |
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| Company |
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| Company |
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| One Month |
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| Eleven Months |
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| Year Ended |
| Year Ended |
| Ended |
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| Ended |
| Year Ended |
| Year Ended |
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| December 31, |
| December 31, |
| December 31, |
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| November 30, |
| December 31, |
| December 31, |
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(dollars in thousands) |
| 2012 |
| 2011 |
| 2010 |
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| 2010 |
| 2009 |
| 2008 |
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Earnings: |
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Income (loss) before benefit from income taxes |
| $ | (311,840 | ) | $ | (323,058 | ) | $ | 1,460,765 |
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| $ | (244,540 | ) | $ | (888,647 | ) | $ | (924,693 | ) |
Interest expense |
| 1,060,950 |
| 1,258,279 |
| 117,676 |
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| 978,364 |
| 1,050,164 |
| 1,209,920 |
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Implicit interest in rents |
| 12,115 |
| 12,638 |
| 1,207 |
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| 13,751 |
| 19,287 |
| 26,592 |
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Total earnings |
| $ | 761,225 |
| $ | 947,859 |
| $ | 1,579,648 |
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| $ | 747,575 |
| $ | 180,804 |
| $ | 311,819 |
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Fixed charges: |
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Interest expense |
| $ | 1,060,950 |
| $ | 1,258,279 |
| $ | 117,676 |
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| $ | 978,364 |
| $ | 1,050,164 |
| $ | 1,209,920 |
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Implicit interest in rents |
| 12,115 |
| 12,638 |
| 1,207 |
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| 13,751 |
| 19,287 |
| 26,592 |
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Total fixed charges |
| $ | 1,073,065 |
| $ | 1,270,917 |
| $ | 118,883 |
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| $ | 992,115 |
| $ | 1,069,451 |
| $ | 1,236,512 |
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Ratio of earnings to fixed charges* |
| 0.71 |
| 0.75 |
| 13.29 |
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| 0.75 |
| 0.17 |
| 0.25 |
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* Earnings did not cover total fixed charges by $311.8 million in 2012, $323.1 million in 2011, $244.5 million during the eleven months ended November 30, 2010, $888.6 million in 2009, and $924.7 million in 2008.