EX-12 5 gecc2001ex12a.txt
Exhibit 12 (a) GENERAL ELECTRIC CAPITAL CORPORATION AND CONSOLIDATED AFFILIATES Computation of Ratio of Earnings to Fixed Charges Years ended December 31 ----------------------------------------------------------------- (In millions) 2001 2000 1999 1998 1997 ------------- ------------ ------------- ------------ ----------- Net earnings ....................................$ 5,902 $ 4,289 $ 4,208 $ 3,374 $ 2,729 Provision for income taxes ...................... 1,734 1,555 1,553 1,185 997 Minority interest ............................... 84 86 68 49 40 ------------- ------------ ------------- ------------ ----------- Earnings before income taxes and minority interest ....................................... 7,720 5,930 5,829 4,608 3,766 ------------- ------------ ------------- ------------ ----------- Fixed charges: Interest ....................................... 10,261 10,763 9,183 8,772 7,440 One-third of rentals ........................... 324 381 345 289 240 ------------- ------------ ------------- ------------ ----------- Total fixed charges ............................. 10,585 11,144 9,528 9,061 7,680 ------------- ------------ ------------- ------------ ----------- Less interest capitalized, net of amortization .. (88) (121) (87) (88) (52) ------------- ------------ ------------- ------------ ----------- Earnings before income taxes and minority interest plus fixed charges ....................$ 18,217 $ 16,953 $ 15,270 $ 13,581 $ 11,394 ============= ============ ============= ============ =========== Ratio of earnings to fixed charges .............. 1.72 1.52 1.60 1.50 1.48 ============= ============ ============= ============ ===========