Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - Synchrony Financial | synchrony630201710q.htm |
| EX-31.A - EXHIBIT 31.A - Synchrony Financial | ex-31a6302017.htm |
| EX-31.B - EXHIBIT 31.B - Synchrony Financial | ex-31b6302017.htm |
| EX-10.1 - EXHIBIT 10.1 - Synchrony Financial | ex-101syfxxamendedandresta.htm |
| EX-10.3 - EXHIBIT 10.3 - Synchrony Financial | ex-103synchronyfinancialam.htm |
| EX-32 - EXHIBIT 32 - Synchrony Financial | ex-326302017.htm |
| EX-10.2 - EXHIBIT 10.2 - Synchrony Financial | ex-102synchronyfinancialex.htm |
Exhibit 12.1
SYNCHRONY FINANCIAL | |||||||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | |||||||||||||||||||||||||||
Six months ended June 30, | Year ended December 31, | ||||||||||||||||||||||||||
2017 | 2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||||||
Earnings (a) | $ | 1,570 | $ | 3,570 | $ | 3,531 | $ | 3,386 | $ | 3,142 | $ | 3,376 | |||||||||||||||
Plus: | |||||||||||||||||||||||||||
Interest included in expense (b) | 638 | 1,184 | 1,063 | 877 | 703 | 694 | |||||||||||||||||||||
Amortization of debt expense and discount or premium on indebtedness | 21 | 64 | 72 | 45 | 39 | 51 | |||||||||||||||||||||
One third of rental expense (c) | 13 | 25 | 28 | 21 | 17 | 17 | |||||||||||||||||||||
Adjusted "earnings" | $ | 2,242 | $ | 4,843 | $ | 4,694 | $ | 4,329 | $ | 3,901 | $ | 4,138 | |||||||||||||||
Fixed Charges: | |||||||||||||||||||||||||||
Interest included in expense (b) | $ | 638 | $ | 1,184 | $ | 1,063 | $ | 877 | $ | 703 | $ | 694 | |||||||||||||||
Amortization of debt expense and discount or premium on indebtedness | 21 | 64 | 72 | 45 | 39 | 51 | |||||||||||||||||||||
One third of rental expense (c) | 13 | 25 | 28 | 21 | 17 | 17 | |||||||||||||||||||||
Total fixed charges | $ | 672 | $ | 1,273 | $ | 1,163 | $ | 943 | $ | 759 | $ | 762 | |||||||||||||||
Ratio of earnings to fixed charges | 3.3 | 3.8 | 4.0 | 4.6 | 5.1 | 5.4 | |||||||||||||||||||||
(a) | Earnings before income taxes | ||||||||||||||||||||||||||
(b) | Includes interest on tax deficiencies | ||||||||||||||||||||||||||
(c) | Considered to be representative of interest factor in rental expense | ||||||||||||||||||||||||||