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Previous: CONSECO FINANCE CORP, 10-Q, EX-4.C, 2000-08-14 |
Next: CONSECO FINANCE CORP, 10-Q, EX-27, 2000-08-14 |
<TABLE>
<CAPTION>
CONSECO FINANCE CORP. AND SUBSIDIARIES
Computation of Ratio of Earnings to Fixed Charges
for the six months ended June 30, 2000 and the year
ended December 31, 1999
(Dollars in millions)
Six months
ended Year ended
June 30, December 31,
2000 1999
---- ----
<S> <C> <C>
Pretax income (loss) from operations:
Net income (loss) $ (1.7) $ 47.9
Add income tax expense (benefit) .7 (16.4)
Add extraordinary charge on extinguishment of debt - 2.5
------- ------
Pretax income (loss) from operations (1.0) 34.0
------- ------
Add fixed charges:
Interest expense on long-term debt 471.4 341.3
Portion of rental(a) 3.9 7.2
------- ------
Fixed charges 475.3 348.5
------- ------
Adjusted earnings $ 474.3 $382.5
======= ======
Ratio of earnings to fixed charges 1.00X(b) 1.10X
====== ======
<FN>
(a) Interest portion of rental is assumed to be 33 percent.
(b) Adjusted earnings were $1.0 million less than fixed charges. Adjusted
earnings for the six months ended June 30, 2000, included impairment
charges and special charges of $12.1 million and $63.4 million,
respectively, as described in greater detail in the accompanying notes
to the consolidated financial statements.
</FN>
</TABLE>
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