EX-12.1 2 ihex121.htm EXHIBIT 12.1 Exhibit


Exhibit 12.1    

SPRINGLEAF FINANCE CORPORATION AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges

(dollars in millions)
 
 
 
 
 
 
 
 
 
 
Years Ended December 31,
 
2017
 
2016
 
2015
 
2014
 
2013
 
 
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 
 
 
 
 
Income (loss) before income tax expense (benefit)
 
$
395

 
$
397

 
$
(196
)
 
$
678

 
$
(125
)
Interest expense
 
816

 
856

 
715

 
683

 
843

Implicit interest in rents
 
26

 
27

 
12

 
10

 
9

Total earnings
 
$
1,237

 
$
1,280

 
$
531

 
$
1,371

 
$
727

Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
816

 
$
856

 
$
715

 
$
683

 
$
843

Implicit interest in rents
 
26

 
27

 
12

 
10

 
9

Total fixed charges
 
$
842

 
$
883

 
$
727

 
$
693

 
$
852

Ratio of earnings to fixed charges
 
1.47

 
1.45

 
*

 
1.98

 
*

                                      
*
Earnings did not cover total fixed charges by $196 million in 2015 and by $125 million in 2013.

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