EX-12 2 geccexhibit12.htm GECC EXHIBIT 12 geccexhibit12.htm
Exhibit 12


General Electric Capital Corporation and consolidated affiliates
 
Computation of Ratio of Earnings to Fixed Charges
 
Three months ended March 31, 2011
 
(Unaudited)
 

   
   
     
 
Ratio of
 
earnings to
 
fixed charges
(Dollars in millions)
    
     
Earnings(a)
$
2,250 
Plus:
    
   Interest included in expense(b)
  
3,660 
   One-third of rental expense(c)
  
53 
Adjusted “earnings”
$
5,963 
     
Fixed charges:
    
  Interest included in expense(b)
$
3,660 
  Interest capitalized
  
6 
  One-third of rental expense(c)
  
53 
Total fixed charges
$
3,719 
     
Ratio of earnings to fixed charges
  
1.60 
     
     
(a)  
Earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.
 
(b)  
Included interest on tax deficiencies.
 
(c)  
Considered to be representative of interest factor in rental expense.