EX-12.B 4 geccex12b.htm GECC EXHIBIT 12B GECC Exhibit 12b
Exhibit 12(b)

General Electric Capital Corporation
and consolidated affiliates
 
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

 
Year ended December 31
  
(Dollars in millions)
2006
  
2005
  
2004
  
2003
  
2002
  
                               
Earnings from continuing operations
$
10,371
  
$
9,026
  
$
8,123
  
$
6,388
  
$
4,235
  
Provision (benefit) for income taxes
  
1,147
    
1,107
    
1,614
    
1,311
    
(71
)
Minority interest
 
260
    
155
    
159
    
82
    
89
  
Earnings from continuing operations before
                             
income taxes and minority interest
  
11,778
    
10,288
    
9,896
    
7,781
    
4,253
  
                               
Fixed Charges:
                              
Interest
  
18,006
    
14,163
    
11,017
    
9,838
    
9,422
  
One-third of rentals(a)
  
330
    
330
    
309
    
275
    
300
  
Total fixed charges
  
18,336
    
14,493
    
11,326
    
10,113
    
9,722
  
Less interest capitalized, net of amortization
  
(77
)
  
(72
)
  
(37
)
  
(23
)
  
(38
)
                               
Earnings from continuing operations
                              
before income taxes and minority
                              
interest plus fixed charges
$
30,037
  
$
24,709
  
$
21,185
  
$
17,871
  
$
13,937
  
                               
Preferred stock dividend requirements
$
3
  
$
56
  
$
45
  
$
41
  
$
57
  
                               
Ratio of earnings before provision for income
                             
taxes to earnings from continuing operations
  
1.11
    
1.12
    
1.20
    
1.21
    
0.98
  
                               
Preferred stock dividend factor
                             
on pre-tax basis
  
3
    
63
    
54
    
50
    
56
  
Fixed charges
  
18,336
    
14,493
    
11,326
    
10,113
    
9,722
  
                               
Total fixed charges and preferred stock
                             
dividend requirements
$
18,339
  
$
14,556
  
$
11,380
  
$
10,163
  
$
9,778
  
                               
Ratio of earnings to combined fixed charges
                             
and preferred stock dividends
  
1.64
    
1.70
    
1.86
    
1.76
    
1.43
  
                               

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