Attached files
Exhibit 12
AMERICAN GENERAL FINANCE, INC. 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 | $(129,404) | $(583,262) | $(609,297) | $(698,571) |
Interest expense | 283,988 | 308,338 | 822,678 | 925,633 |
Implicit interest in rents | 3,935 | 6,058 | 14,796 | 19,904 |
Total earnings | $ 158,519 | $(268,866) | $ 228,177 | $ 246,966 |
Fixed charges: Interest expense | $ 283,988 | $ 308,338 | $ 822,678 | $ 925,633 |
Implicit interest in rents | 3,935 | 6,058 | 14,796 | 19,904 |
Total fixed charges | $ 287,923 | $ 314,396 | $ 837,474 | $ 945,537 |
Ratio of earnings to fixed charges* | 0.55 | (0.86) | 0.27 | 0.26 |
| * |
Earnings were insufficient to cover total fixed charges by $129.4 million for the three months ended September 30, 2009 and $609.3 million for the nine months ended September 30, 2009. Earnings were insufficient to cover total fixed charges by $583.3 million for the three months ended September 30, 2008 and $698.6 million for the nine months ended September 30, 2008.
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