EX-12.1 5 omh-20161231xex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1    

ONEMAIN HOLDINGS, INC. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges

(dollars in millions)
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
2016
 
2015
 
2014
 
2013
 
2012
 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
Income (loss) before provision for (benefit from) income taxes
 
$
356

 
$
(226
)
 
$
861

 
$
157

 
$
(299
)
Interest expense
 
856

 
715

 
734

 
920

 
1,075

Implicit interest in rents
 
28

 
13

 
10

 
10

 
12

Total earnings
 
$
1,240

 
$
502

 
$
1,605

 
$
1,087

 
$
788

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
856

 
$
715

 
$
734

 
$
920

 
$
1,075

Implicit interest in rents
 
28

 
13

 
10

 
10

 
12

Total fixed charges
 
$
884

 
$
728

 
$
744

 
$
930

 
$
1,087

Ratio of earnings to fixed charges
 
1.40

 
*

 
2.16

 
1.17

 
*

                                      
*
Earnings did not cover total fixed charges by $226 million in 2015 and $299 million in 2012.


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