HSBC Finance Corp - FORM 10-K - EX-12 - EXHIBIT 12 - February 21, 2017

Attached files

file filename
EX-23.1 - EXHIBIT 23.1 - HSBC Finance Corphbio123116ex231.htm
EX-32 - EXHIBIT 32 - HSBC Finance Corphbio123116ex32.htm
EX-31 - EXHIBIT 31 - HSBC Finance Corphbio123116ex31.htm
EX-23.2 - EXHIBIT 23.2 - HSBC Finance Corphbio123116ex232.htm
EX-21 - EXHIBIT 21 - HSBC Finance Corphbio123116ex21.htm
10-K - 10-K - HSBC Finance Corphbio12311610-k.htm


EXHIBIT 12

HSBC FINANCE CORPORATION
COMPUTATION OF RATIO OF EARNINGS (LOSS) TO FIXED CHARGES


 
Year Ended December 31,
2016
 
2015
 
2014
 
2013
 
2012
 
(dollars are in millions)
Income (loss) from continuing operations
$
(556
)
 
$
(394
)
 
$
547

 
$
713

 
$
(2,405
)
Income tax expense (benefit)
(258
)
 
(471
)
 
224

 
325

 
(1,406
)
Income (loss) from continuing operations before income tax
(814
)
 
(865
)
 
771

 
1,038

 
(3,811
)
Fixed charges:
 
 
 
 
 
 
 
 
 
Interest expense
512

 
895

 
1,058

 
1,370

 
1,777

Interest portion of rentals(1)
3

 
4

 
4

 
5

 
8

Total fixed charges
515

 
899

 
1,062

 
1,375

 
1,785

Total earnings from continuing operations as defined
$
(299
)
 
$
34

 
$
1,833

 
$
2,413

 
$
(2,026
)
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
(.58
)
 
.04

 
1.73

 
1.75

 
(1.14
)
 
(1) 
Represents one-third of rentals, which approximates the portion representing interest.



HSBC Finance Corp Reports