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EXHIBIT 12
ADVANTA CORP. AND SUBSIDIARIES
CONSOLIDATED COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (A)
(DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
THREE MONTHS ENDED SIX MONTHS ENDED
JUNE 30, JUNE 30,
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2000 1999 2000 1999
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<S> <C> <C> <C> <C>
Net earnings (loss) $(192,695) $ 12,312 $(175,626) $ 19,085
Federal and state income tax
expense (benefit) (10,685) 8,115 0 12,308
Earnings (loss) before income tax expense (benefit)
(203,380) 20,427 (175,626) 31,393
Fixed charges:
Interest 51,730 43,317 99,485 86,594
One-third of all rentals 766 814 1,521 1,593
Preferred stock dividend
of subsidiary trust 2,248 2,248 4,495 4,495
Total fixed charges 54,744 46,379 105,501 92,682
Earnings (loss) before income
taxes (benefits) and fixed
charges (148,636) 66,806 (70,125) 124,075
Ratio of earnings to
fixed charges N/M (B) 1.44 x N/M (B) 1.34 x
</TABLE>
(A) For purposes of computing these ratios, "earnings" represent income
before income taxes plus fixed charges. "Fixed charges" consist of
interest expense, one-third (the proportion deemed representative of
the interest factor) of rental expense on operating leases, and
preferred stock dividends of subsidiary trust.
(B) The ratio calculated based on the current period's loss is negative and
therefore not meaningful. In order to achieve a ratio of 1.00, earnings
before income taxes and fixed charges would need to increase by
$203,380 for the three month period ended June 30, 2000, and $175,626
for the six month period ended June 30, 2000.
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