EX-12 2 geccex1233109.htm GECC EX 12 3-31-09 geccex1233109.htm
Exhibit 12
 

General Electric Capital Corporation and consolidated affiliates
 
Computation of Ratio of Earnings to Fixed Charges
 
Three months ended March 31, 2009
 
(Unaudited)
 

 
 
Ratio of
earnings to
fixed charges
    
 
(Dollars in millions)
      
         
 
Earnings(a)
$
(142
)
 
Plus:
      
 
Interest included in expense(b)
  
5,090
  
 
One-third of rental expense(c)
  
72
  
 
Adjusted “earnings”
$
5,020
  
         
 
Fixed charges:
      
 
Interest included in expense(b)
 $
5,090
  
 
Interest capitalized
  
12
  
 
One-third of rental expense(c)
  
72
  
 
Total fixed charges
$
5,174
  
         
 
Ratio of earnings to fixed charges
  
0.97
  
         

(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.
 

 
(1)