EX-12 2 geccex12.htm GECC EXHIBIT 12 GECC Exhibit 12
Exhibit 12
General Electric Capital Corporation and consolidated affiliates
 
Computation of Ratio of Earnings to Fixed Charges
 
and
 
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
 
Three months ended March 31, 2006
 
(Unaudited)
 
Ratio of
earnings to
fixed charges
  
Ratio of
earnings to
combined
fixed charges
and preferred
stock dividends
(Dollars in millions)
            
             
Earnings from continuing operations
$
2,226
  
$
2,226
  
Provision for income taxes
  
321
    
321
  
Minority interest
  
94
    
94
  
Earnings from continuing operations before income taxes
            
and minority interest
  
2,641
    
2,641
  
             
Fixed charges:
            
Interest
  
4,077
    
4,077
  
One-third of rentals(a)
  
80
    
80
  
Total fixed charges
  
4,157
    
4,157
  
Less interest capitalized, net of amortization
  
(19
)
  
(19
)
             
Earnings from continuing operations before income taxes and minority
            
interest plus fixed charges
$
6,779
  
$
6,779
  
             
Ratio of earnings to fixed charges
  
1.63
    
1.63
  
             
Preferred stock dividend requirements
      
$
1
  
             
Ratio of earnings before provision for income taxes to earnings from
            
continuing operations
        
1.14
  
             
Preferred stock dividend factor on pre-tax basis
        
1
  
Fixed charges
        
4,157
  
             
Total fixed charges and preferred stock dividend requirements
      
$
4,158
  
             
Ratio of earnings to combined fixed charges and preferred stock dividends
        
1.63
  
             

(a)
 Considered to be representative of interest factor in rental expense.