EX-12.1 2 omh-20171231xex12110xk.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,
 
2017
 
2016
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
Income (loss) before income tax expense (benefit)
 
$
431

 
$
356

 
$
(226
)
 
$
861

 
$
157

Interest expense
 
816

 
856

 
715

 
734

 
920

Implicit interest in rents
 
26

 
28

 
13

 
10

 
10

Total earnings
 
$
1,273

 
$
1,240

 
$
502

 
$
1,605

 
$
1,087

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
816

 
$
856

 
$
715

 
$
734

 
$
920

Implicit interest in rents
 
26

 
28

 
13

 
10

 
10

Total fixed charges
 
$
842

 
$
884

 
$
728

 
$
744

 
$
930

Ratio of earnings to fixed charges
 
1.51

 
1.40

 
*

 
2.16

 
1.17

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


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