ONEMAIN FINANCE CORP - FORM 10-Q - EX-12 - AGFC EX. 12 FOR THE PERIOD ENDED 09/30/10 - November 12, 2010

Attached files

file filename
10-Q - AGFC 10-Q FOR THE PERIOD ENDED 09/30/10 - ONEMAIN FINANCE CORPcor0910.htm
EX-32 - AGFC EX. 32 FOR THE PERIOD ENDED 09/30/10 - ONEMAIN FINANCE CORPx32c0910.htm
EX-31.1 - AGFC EX. 31.1 FOR THE PERIOD ENDED 09/30/10 - ONEMAIN FINANCE CORPx311c0910.htm
EX-31.2 - AGFC EX. 31.2 FOR THE PERIOD ENDED 09/30/10 - ONEMAIN FINANCE CORPx312c0910.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)

2010

2009

2010

2009


Earnings:

Loss before benefit from income taxes



$(112,344)



$(126,491)



$(160,756)



$(595,328)

Interest expense

277,577 

273,890 

800,956 

791,354 

Implicit interest in rents

3,607 

3,836 

11,353 

14,446 

Total earnings

$ 168,840 

$ 151,235 

$ 651,553 

$ 210,472 


Fixed charges:

Interest expense



$ 277,577 



$ 273,890 



$ 800,956 



$ 791,354 

Implicit interest in rents

3,607 

3,836 

11,353 

14,446 

Total fixed charges

$ 281,184 

$ 277,726 

$ 812,309 

$ 805,800 


Ratio of earnings to fixed charges*


0.60 


0.54 


0.80 


0.26 


*

Earnings were insufficient to cover total fixed charges by $112.3 million for the three months ended September 30, 2010 and $160.8 million for the nine months ended September 30, 2010. 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.


 



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