ONEMAIN FINANCE CORP - FORM 10-Q - EX-12 - SLFC EX. 12 FOR THE PERIOD ENDED 03/31/11 - May 16, 2011

Attached files

file filename
10-Q - SLFC 10-Q FOR THE PERIOD ENDED 03/31/11 - ONEMAIN FINANCE CORPcor0311.htm
EX-32 - SLFC EX. 32 FOR THE PERIOD ENDED 03/31/11 - ONEMAIN FINANCE CORPx32c0311.htm
EX-31.2 - SLFC EX. 31.2 FOR THE PERIOD ENDED 03/31/11 - ONEMAIN FINANCE CORPx312c0311.htm
EX-31.1 - SLFC EX. 31.1 FOR THE PERIOD ENDED 03/31/11 - ONEMAIN FINANCE CORPx311c0311.htm

Exhibit 12



SPRINGLEAF FINANCE CORPORATION AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)




(dollars in thousands)

Successor

Company

Predecessor

Company

Three Months Ended March 31,

2011

2010


Earnings:

Loss before benefit from income taxes



$ (87,324)



$ (38,623)

Interest expense

350,633 

256,993 

Implicit interest in rents

3,435 

3,708 

Total earnings

$266,744 

$222,078 


Fixed charges:

Interest expense



$350,633 



$256,993 

Implicit interest in rents

3,435 

3,708 

Total fixed charges

$354,068 

$260,701 


Ratio of earnings to fixed charges*


0.75 


0.85 


*

Earnings were inadequate to cover total fixed charges by $87.3 million for the three months ended March 31, 2011 and $38.6 million for the three months ended March 31, 2010.


 



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ONEMAIN FINANCE CORP Reports