ONEMAIN FINANCE CORP - FORM 10-K - EX-12 - AGFC EXHIBIT 12 FOR THE YEAR ENDED 12/31/2009 - March 4, 2010

Attached files

file filename
10-K - AGFC 10-K FOR THE YEAR ENDED 12/31/2009 - ONEMAIN FINANCE CORPagfc2009.htm
EX-32 - AGFC EXHIBIT 32 FOR THE YEAR ENDED 12/31/2009 - ONEMAIN FINANCE CORPx32c1209.htm
EX-31.2 - AGFC EXHIBIT 31.2 FOR THE YEAR ENDED 12/31/2009 - ONEMAIN FINANCE CORPx312c1209.htm
EX-31.1 - AGFC EXHIBIT 31.1 FOR THE YEAR ENDED 12/31/2009 - ONEMAIN FINANCE CORPx311c1209.htm
EX-3.(II) - AGFC AMENDED BYLAWS - ONEMAIN FINANCE CORPagfcbylaws100809.htm
EX-3.(I) - AGFC AMENDED ARTICLES OF INCORPORATION - ONEMAIN FINANCE CORPagfcarticles100809.htm

Exhibit 12



American General Finance Corporation and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges




Years Ended December 31,

 

 

 

 

 

(dollars in thousands)

2009

2008

2007

2006

2005


Earnings:

(Loss) income before provision

for income taxes




$ (888,647)




$  (924,693)




$   106,512




$   662,656




$   809,839

Interest expense

1,050,164 

1,209,920 

1,205,610

1,125,415

866,203

Implicit interest in rents

19,287 

26,592 

21,339

20,152

18,834

Total earnings

$   180,804 

$   311,819 

$1,333,461

$1,808,223

$1,694,876


Fixed charges:

Interest expense



$1,050,164 



$1,209,920 



$1,205,610



$1,125,415



$   866,203

Implicit interest in rents

19,287 

26,592 

21,339

20,152

18,834

Total fixed charges

$1,069,451 

$1,236,512 

$1,226,949

$1,145,567

$   885,037


Ratio of earnings to fixed

charges*



0.17 



0.25 



1.09



1.58



1.92


*

Earnings were inadequate to cover total fixed charges by $888.6 million in 2009 and $924.7 million in 2008.

 



165


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