Attached files
| file | filename |
|---|---|
| EX-32 - EXHIBIT 32 - Synchrony Financial | ex-329302015.htm |
| EX-31.B - EXHIBIT 31.B - Synchrony Financial | ex-31b9302015.htm |
| EX-31.A - EXHIBIT 31.A - Synchrony Financial | ex-31a9302015.htm |
| 10-Q - 10-Q - Synchrony Financial | synchrony930201510q.htm |
Exhibit 12.1
SYNCHRONY FINANCIAL | |||||||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | |||||||||||||||||||||||||||
Nine months ended September 30, | Year ended December 31, | ||||||||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||||||||
Earnings (a) | $ | 2,663 | $ | 3,386 | $ | 3,142 | $ | 3,376 | $ | 3,010 | $ | 2,029 | |||||||||||||||
Plus: | |||||||||||||||||||||||||||
Interest included in expense (b) | 777 | 877 | 703 | 694 | 884 | 1,051 | |||||||||||||||||||||
Amortization of debt expense and discount or premium on indebtedness | 57 | 45 | 39 | 51 | 48 | 43 | |||||||||||||||||||||
One third of rental expense (c) | 21 | 21 | 17 | 17 | 17 | 20 | |||||||||||||||||||||
Adjusted "earnings" | $ | 3,518 | $ | 4,329 | $ | 3,901 | $ | 4,138 | $ | 3,959 | $ | 3,143 | |||||||||||||||
Fixed Charges: | |||||||||||||||||||||||||||
Interest included in expense (b) | $ | 777 | $ | 877 | $ | 703 | $ | 694 | $ | 884 | $ | 1,051 | |||||||||||||||
Amortization of debt expense and discount or premium on indebtedness | 57 | 45 | 39 | 51 | 48 | 43 | |||||||||||||||||||||
One third of rental expense (c) | 21 | 21 | 17 | 17 | 17 | 20 | |||||||||||||||||||||
Total fixed charges | $ | 855 | $ | 943 | $ | 759 | $ | 762 | $ | 949 | $ | 1,114 | |||||||||||||||
Ratio of earnings to fixed charges | 4.1 | 4.6 | 5.1 | 5.4 | 4.2 | 2.8 | |||||||||||||||||||||
(a) | Earnings before income taxes | ||||||||||||||||||||||||||
(b) | Includes interest on tax deficiencies | ||||||||||||||||||||||||||
(c) | Considered to be representative of interest factor in rental expense | ||||||||||||||||||||||||||