EX-12 4 a2054611zex-12.txt EXHIBIT 12 EXHIBIT 12 AMERICAN GENERAL FINANCE CORPORATION AND SUBSIDIARIES COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
THREE MONTHS ENDED YEARS ENDED DECEMBER 31, MARCH 31, ------------------------------------------------------ 2001 2000 1999 1998 1997 1996 ---------- ---------- -------- -------- -------- -------- (DOLLARS IN THOUSANDS) EARNINGS: Income before provision for income taxes..... $106,736 $ 408,803 $352,751 $306,228 $216,113 $ 79,633 Interest expense (including $23,221 for 1997 to fund assets held for sale).............. 167,238 677,372 563,966 501,533 474,135 482,343 Implicit interest in rents................... 4,277 16,310 15,641 12,026 13,615 14,620 -------- ---------- -------- -------- -------- -------- Total earnings................................. $278,251 $1,102,485 $932,358 $819,787 $703,863 $576,596 ======== ========== ======== ======== ======== ======== FIXED CHARGES: Interest expense (including $23,221 for 1997 to fund assets held for sale).............. $167,238 $ 677,372 $563,966 $501,533 $474,135 $482,343 Implicit interest in rents................... 4,277 16,310 15,641 12,026 13,615 14,620 -------- ---------- -------- -------- -------- -------- Total fixed charges............................ $171,515 $ 693,682 $579,607 $513,559 $487,750 $496,963 ======== ========== ======== ======== ======== ======== RATIO OF EARNINGS TO FIXED CHARGES 1.62 1.59 1.61 1.60 1.44 1.16 ======== ========== ======== ======== ======== ========