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
 
Nine months ended September 30, 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
$
7,330
  
$
7,330
  
Provision for income taxes
  
800
    
800
  
Minority interest
  
205
    
205
  
Earnings from continuing operations before income taxes
            
and minority interest
  
8,335
    
8,335
  
             
Fixed charges:
            
Interest
  
13,062
    
13,062
  
One-third of rentals(a)
  
245
    
245
  
Total fixed charges
  
13,307
    
13,307
  
Less interest capitalized, net of amortization
  
(57
)
  
(57
)
             
Earnings from continuing operations before income taxes and minority
            
interest plus fixed charges
$
21,585
  
$
21,585
  
             
Ratio of earnings to fixed charges
  
1.62
    
1.62
  
             
Preferred stock dividend requirements
      
$
3
  
             
Ratio of earnings before provision for income taxes to earnings from
            
continuing operations
        
1.11
  
             
Preferred stock dividend factor on pre-tax basis
        
3
  
Fixed charges
        
13,307
  
             
Total fixed charges and preferred stock dividend requirements
      
$
13,310
  
             
Ratio of earnings to combined fixed charges and preferred stock dividends
        
1.62
  
             

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