EX-12 2 geccex12june302006.htm GECC EX 12 JUNE 30 2006 GECC Ex 12 June 30 2006
 
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
 
Six months ended June 30, 2006
 
(Unaudited)
 
Ratio of
earnings to
fixed charges
  
Ratio of
earnings to
combined
fixed charges
and preferred
stock dividends
  
(Dollars in millions)
As
previously
reported
  
As
restated
  
As
previously
reported
  
As
restated
  
                         
Earnings from continuing operations
$
4,641
  
$
4,841
  
$
4,641
  
$
4,841
  
Provision for income taxes
  
499
    
629
    
499
    
629
  
Minority interest
  
145
    
145
    
145
    
145
  
Earnings from continuing operations before income taxes
                        
and minority interest
  
5,285
    
5,615
    
5,285
    
5,615
  
                         
Fixed charges:
                        
Interest
  
8,308
    
8,286
    
8,308
    
8,286
  
One-third of rentals(a)
  
163
    
163
    
163
    
163
  
Total fixed charges
  
8,471
    
8,449
    
8,471
    
8,449
  
Less interest capitalized, net of amortization
  
(38
)
  
(38
)
  
(38
)
  
(38
)
                         
Earnings from continuing operations before income taxes
                       
and minority interest plus fixed charges
$
13,718
  
$
14,026
  
$
13,718
  
$
14,026
  
                         
Ratio of earnings to fixed charges
  
1.62
    
1.66
    
1.62
    
1.66
  
                         
Preferred stock dividend requirements
            
$
2
  
$
2
  
                         
Ratio of earnings before provision for income taxes to
                       
earnings from continuing operations
              
1.11
    
1.13
  
                         
Preferred stock dividend factor on pre-tax basis
              
2
    
2
  
Fixed charges
              
8,471
    
8,449
  
                         
Total fixed charges and preferred stock dividend
                       
requirements
            
$
8,473
  
$
8,451
  
                         
Ratio of earnings to combined fixed charges and preferred
                       
stock dividends
              
1.62
    
1.66
  
                         

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