Attached files
| file | filename |
|---|---|
| EX-31 - EXHIBIT 31 - HSBC Finance Corp | hbio63015ex31.htm |
| EX-32 - EXHIBIT 32 - HSBC Finance Corp | hbio63015ex32.htm |
| XML - IDEA: XBRL DOCUMENT - HSBC Finance Corp | R9999.htm |
| 10-Q - 10-Q - HSBC Finance Corp | hbio6301510-q.htm |
EXHIBIT 12
HSBC FINANCE CORPORATION
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES AND TO
COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
Six Months Ended June 30, | 2015 | 2014 | |||||
(dollars are in millions) | |||||||
Income (loss) from continuing operations | $ | (213 | ) | $ | 348 | ||
Income tax expense (benefit) | (228 | ) | 95 | ||||
Income (loss) from continuing operations before income tax expense | (441 | ) | 443 | ||||
Fixed charges: | |||||||
Interest expense | 487 | 541 | |||||
Interest portion of rentals(1) | 2 | 2 | |||||
Total fixed charges | 489 | 543 | |||||
Total earnings from continuing operations as defined | $ | 48 | $ | 986 | |||
Ratio of earnings to fixed charges | .10 | 1.82 | |||||
Preferred stock dividends(2) | $ | 97 | $ | 97 | |||
Ratio of earnings to combined fixed charges and preferred stock dividends | .08 | 1.54 | |||||
(1) | Represents one-third of rentals, which approximates the portion representing interest. |
(2) | Preferred stock dividends are grossed up to their pretax equivalents. |