ONEMAIN FINANCE CORP - FORM 10-Q - EX-12 - AGFC EX. 12 FOR THE PERIOD ENDED 09/30/09 - November 9, 2009

Attached files

file filename
10-Q - AGFC 10-Q FOR THE PERIOD ENDED 09/30/09 - ONEMAIN FINANCE CORPcor0909.htm
EX-10.8 - AGFC EX. 10.8 - ONEMAIN FINANCE CORPx1080909.htm
EX-31.2 - AGFC EX. 31.2 FOR THE PERIOD ENDED 09/30/09 - ONEMAIN FINANCE CORPx312c0909.htm
EX-31.1 - AGFC EX. 31.1 FOR THE PERIOD ENDED 09/30/09 - ONEMAIN FINANCE CORPx311c0909.htm
EX-32 - AGFC EX. 32 FOR THE PERIOD ENDED 09/30/09 - ONEMAIN FINANCE CORPx32c0909.htm

Exhibit 12



AMERICAN GENERAL FINANCE CORPORATION AND SUBSIDIARIES

Computation of Ratio of Earnings to Fixed Charges

(Unaudited)




 

Three Months Ended

Nine Months Ended

 

September 30,

September 30,

(dollars in thousands)

2009

2008

2009

2008


Earnings:

Loss before benefit for income taxes



$(126,491)



$(574,374)



$(595,328)



$(683,451)

Interest expense

273,890 

297,997 

791,354 

895,092 

Implicit interest in rents

3,836 

5,932 

14,446 

19,527 

Total earnings

$ 151,235 

$(270,445)

$ 210,472 

$ 231,168 


Fixed charges:

Interest expense



$ 273,890 



$ 297,997 



$ 791,354 



$ 895,092 

Implicit interest in rents

3,836 

5,932 

14,446 

19,527 

Total fixed charges

$ 277,726 

$ 303,929 

$ 805,800 

$ 914,619 


Ratio of earnings to fixed charges*


0.54 


(0.89)


0.26 


0.25 


*

Earnings were insufficient to cover total fixed charges by $126.5 million for the three months ended September 30, 2009 and $595.3 million for the nine months ended September 30, 2009. Earnings were insufficient to cover total fixed charges by $574.4 million for the three months ended September 30, 2008 and $683.5 million for the nine months ended September 30, 2008.


 



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