-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, WMzliblMytL0kFyWRGTfI99SW+tuQjHDZjbuLH8haXsVKZy3WPEXJuoGYODNqfsh srFwm1L+1oxccbzqNsl9lQ== 0000899681-97-000254.txt : 19970612 0000899681-97-000254.hdr.sgml : 19970612 ACCESSION NUMBER: 0000899681-97-000254 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19970610 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19970611 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED COMPANIES FINANCIAL CORP CENTRAL INDEX KEY: 0000217416 STANDARD INDUSTRIAL CLASSIFICATION: PERSONAL CREDIT INSTITUTIONS [6141] IRS NUMBER: 710430414 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07067 FILM NUMBER: 97622629 BUSINESS ADDRESS: STREET 1: 4041 ESSEN LN STREET 2: P O BOX 1591 CITY: BATON ROUGE STATE: LA ZIP: 70809 BUSINESS PHONE: 5049870000 8-K 1 SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ---------- FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported) JUNE 10, 1997 UNITED COMPANIES FINANCIAL CORPORATION (Exact name of Registrant as Specified in Charter) LOUISIANA 1-7067 71-0430414 (State or Other (Commission (IRS Employer Jurisdiction of File Number) Identification No.) Incorporation 4041 ESSEN LANE, BATON ROUGE, LOUISIANA 70809 (Address of Principal Executive Offices) (Zip Code) Registrants telephone number, including area code (504) 987-0000 NOT APPLICABLE (Former Name or Former Address, if Changed Since Last Report) Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS. (a) Not applicable. (b) Not applicable. (c) Exhibits: 12.1. Statement of Computation of Ratio of Earnings to Fixed Charges. 12.2. Statement of Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. UNITED COMPANIES FINANCIAL CORPORATION (Registrant) Date: June 11, 1997 By: /s/ Dale E. Redman ------------------- Name: Dale E. Redman Title: Executive Vice President & Chief Financial Officer EXHIBIT INDEX Sequentially Exhibit Number Description Numbered Page 12.1 Statement of Computation of Ratio of Earnings to Fixed Charges. 12.2 Statement of Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends. EX-12.1 2
EXHIBIT 12.1 UNITED COMPANIES FINANCIAL CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (dollars in thousands) Three Months Ended March 31, Year Ended December 31, 1997 1996 1995 1994 1993 1992 ------------ ----------------------------------------------------- Income from continuing operations before income taxes $31,497 $133,857 $102,665 $74,994 $40,426 $16,800 Add Portion of rents representative of the interest factor 937 2,970 2,259 2,051 1,430 1,121 Interest on indebtedness 12,230 38,626 25,559 13,362 9,881 10,897 Proportionate share of interest on indebtedness of 50%-owned investee 69 285 373 375 380 383 Less : intercompany interest (69) (285) (373) (375) (380) (383) ------------- ----------------------------------------------------- Income as adjusted $44,664 $175,453 $130,483 $90,407 $51,737 $28,818 Fixed charges Portion of rents representative of the interest factor $937 $2,970 $2,259 $2,051 $1,430 $1,121 Interest on indebtedness 12,230 38,626 25,559 13,362 9,881 10,897 Interest capitalized 128 40 0 40 0 0 Proportionate share of interest on indebtedness of 50%-owned investee 69 285 373 375 380 383 Less : intercompany interest (69) (285) (373) (375) (380) (383) ------------- ----------------------------------------------------- Fixed charges $13,295 $41,636 $27,818 $15,453 $11,311 $12,018 Ratio of earnings to fixed charges 3.4 4.2 4.7 5.9 4.6 2.4 ============= =====================================================
EX-12.2 3
EXHIBIT 12.2 UNITED COMPANIES FINANCIAL CORPORATION COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES AND PREFERRED DIVIDENDS (dollars in thousands) Three Months Ended March 31, Year Ended December 31, 1997 1996 1995 1994 1993 1992 --------------- ----------------------------------------------------- Income from continuing operations before income taxes $31,497 $133,857 $102,665 $74,994 $40,426 $16,800 Add Portion of rents representative of the interest factor 937 2,970 2,259 2,051 1,430 1,121 Interest on indebtedness 12,230 38,626 25,559 13,362 9,881 10,897 Proportionate share of interest on indebtedness of 50%-owned investee 69 285 373 375 380 383 Less : intercompany interest (69) (285) (373) (375) (380) (383) --------------- ----------------------------------------------------- Income as adjusted $44,664 $175,453 $130,483 $90,407 $51,737 $28,818 Fixed charges Preferred stock dividends $1,452 $5,806 $3,145 $333 Ratio of income from continuing operations before income taxes to income from continuing operations 156% 155% 158% 152% Preferred stock dividends on a pretax basis 2,269 9,017 4,973 506 Portion of rents representative of the interest factor 937 2,970 2,259 $2,051 1,430 $1,121 Interest on indebtedness 12,230 38,626 25,559 13,362 9,881 10,897 Interest capitalized 128 40 0 40 0 0 Proportionate share of interest on indebtedness of 50%-owned investee 69 285 373 375 380 383 Less : intercompany interest (69) (285) (373) (375) (380) (383) -------------- ----------------------------------------------------- Fixed charges $15,564 $50,653 $32,791 $15,453 $11,817 $12,018 Ratio of earnings to fixed charges 2.9 3.5 4.0 5.9 4.4 2.4 ============= =====================================================
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