EX-12.1 6 a2016-q4xexhibit121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Exhibit

Exhibit 12.1


RATIO OF EARNINGS TO FIXED CHARGES
The following table sets forth information regarding our ratio of earnings to fixed charges for each of the periods shown. For purposes of calculating this ratio, (i) earnings consist of income (loss) from continuing operations before provision (benefit) for income taxes and fixed charges and (ii) fixed charges consist of interest expense, which includes amortization of deferred financing charges, and imputed interest on our lease obligations. The interest component of rent was determined based on an estimate of a reasonable interest factor at the inception of the leases.
 
Nationstar Mortgage Holdings Inc.
 
 
 
Computation of Ratio of Earnings to Fixed Charges
 
 
 
(Dollar amounts in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
2012
 
2013
 
2014
 
2015
 
2016
Calculation of income from continuing operations before income taxes and fixed charges
 
 
 
 
 
 
 
 
 
 
Net income from continuing operations
 
$
205

 
$
217

 
$
221

 
$
43

 
$
16

Income tax expense
 
72

 
129

 
65

 
11

 
13

Loss from equity method investments
 
15

 
—

 
—

 
—

 
—

Fixed Charges
 
202

 
548

 
524

 
612

 
674

Earnings as adjusted
 
$
494

 
$
894

 
$
810

 
$
666

 
$
703

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Calculation of fixed charges
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
197

 
$
539

 
$
517

 
$
605

 
$
665

Interest on lease obligations
 
5

 
9

 
7

 
7

 
9

Total fixed charges
 
$
202

 
$
548

 
$
524

 
$
612

 
$
674

 
 
 
 
 
 
 
 
 
 
 
 
Calculation of Earnings to Fixed Charges
 
2.45

 
1.63

 
1.55

 
1.09

 
1.04