EX-12 4 geccex_12a.htm Exhibit 12

Exhibit 12 (a)

  

GENERAL ELECTRIC CAPITAL CORPORATION

AND CONSOLIDATED AFFILIATES

Computation of Ratio of Earnings to Fixed Charges

 
   

Years ended December 31

(In millions)

  

2002

  

2001

    

2000

    

1999

    

1998

Net earnings

$

5,490

$

5,902

$

4,289

$

4,208

$

3,374

Provision for income taxes

  

960

  

1,734

    

1,555

    

1,553

    

1,185

Minority interest

  

95

  

84

    

86

    

68

    

49

Earnings before income taxes and minority interest

  

6,545

  

7,720

    

5,930

    

5,829

    

4,608

Fixed charges:

                          

Interest

  

9,686

  

10,261

    

10,763

    

9,183

    

8,772

One-third of rentals

316

324

381

345

289

Total fixed charges

  

10,002

  

10,585

    

11,144

    

9,528

    

9,061

Less interest capitalized, net of amortization

  

(38

)

(88

)

  

(121

)

  

(87

)

  

(88

 )

Earnings before income taxes and minority interest, plus fixed charges

$

16,509

$

18,217

$

16,953

$

15,270

$

13,581

Ratio of earnings to fixed charges

  

1.65

  

1.72

    

1.52

    

1.60

    

1.50