EX-12.1 12 a2017-q4xexhibit121.htm EXHIBIT 12.1 Exhibit

Exhibit 12.1


RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth information regarding our ratio of earnings to fixed charges for each of the periods shown. For purposes of calculating this ratio, (i) earnings consist of income (loss) from continuing operations before provision (benefit) for income taxes and fixed charges and (ii) fixed charges consist of interest expense, which includes amortization of deferred financing charges, and imputed interest on our lease obligations. The interest component of rent was determined based on an estimate of a reasonable interest factor at the inception of the leases.
Nationstar Mortgage Holdings Inc.
Computation of Ratio of Earnings to Fixed Charges
(Dollar amounts in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year Ended December 31,
 
 
 
2017
 
2016
 
2015
 
2014
 
2013
Calculation of income from continuing operations before income taxes and fixed charges
 
 
 
 
 
 
 
 
 
 
Net income from continuing operations
 
$
31

 
$
16

 
$
43

 
$
221

 
$
217

Income tax expense
 
13

 
13

 
11

 
65

 
129

Fixed Charges
 
741

 
674

 
612

 
524

 
548

Earnings as adjusted
 
$
785

 
$
703

 
$
666

 
$
810

 
$
894

 
 
 
 
 
 
 
 
 
 
 
 
Calculation of fixed charges
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
731

 
$
665

 
$
605

 
$
517

 
$
539

Interest on lease obligations
 
10

 
9

 
7

 
7

 
9

Total fixed charges
 
$
741

 
$
674

 
$
612

 
$
524

 
$
548

 
 
 
 
 
 
 
 
 
 
 
 
Calculation of Earnings to Fixed Charges
 
1.06

 
1.04

 
1.09

 
1.55

 
1.63