EX-12.1 3 sfc-20161231xex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1    

SPRINGLEAF FINANCE CORPORATION 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
 
$
346

 
$
159

 
$
678

 
$
(125
)
 
$
(301
)
Interest expense
 
556

 
667

 
683

 
843

 
1,068

Implicit interest in rents
 
10

 
9

 
10

 
9

 
12

Total earnings
 
$
912

 
$
835

 
$
1,371

 
$
727

 
$
779

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
556

 
$
667

 
$
683

 
$
843

 
$
1,068

Implicit interest in rents
 
10

 
9

 
10

 
9

 
12

Total fixed charges
 
$
566

 
$
676

 
$
693

 
$
852

 
$
1,080

Ratio of earnings to fixed charges
 
1.61

 
1.24

 
1.98

 
*

 
*

                                      
*
Earnings did not cover total fixed charges by $125 million in 2013 and $301 million in 2012.

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