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Content analysis
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Exhibit 12
SPRINGLEAF FINANCE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges (Unaudited)
(dollars in thousands) |
|
|
|
|
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Three Months Ended March 31, |
| 2013 |
| 2012 |
| ||
|
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|
|
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Earnings: |
|
|
|
|
| ||
Loss before benefit from income taxes |
| $ | (8,961 | ) | $ | (72,031 | ) |
Interest expense |
| 227,101 |
| 280,580 |
| ||
Implicit interest in rents |
| 2,466 |
| 4,688 |
| ||
Total earnings |
| $ | 220,606 |
| $ | 213,237 |
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|
|
|
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Fixed charges: |
|
|
|
|
| ||
Interest expense |
| $ | 227,101 |
| $ | 280,580 |
|
Implicit interest in rents |
| 2,466 |
| 4,688 |
| ||
Total fixed charges |
| $ | 229,567 |
| $ | 285,268 |
|
|
|
|
|
|
| ||
Ratio of earnings to fixed charges* |
| 0.96 |
| 0.75 |
|
* Earnings did not cover total fixed charges by $9.0 million for the three months ended March 31, 2013 and $72.0 million for the three months ended March 31, 2012.