EX-12 2 v59547exv12.htm EX-12 exv12
EXHIBIT 12
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK
DIVIDENDS FOR THE SIX MONTHS ENDED JUNE 30, 2011 and 2010
(Dollars in thousands)
                 
    June 30,     June 30,  
    2011     2010  
    (Unaudited)  
Earnings:
                
Net Income
   $ 146,401     $ 47,827  
Add:
                
Provision for income taxes
     77,018       27,919  
Fixed charges
     819,106       747,263  
Less:
                
Capitalized interest
     (2,790 )     (3,080 )
 
            
Earnings as adjusted (A)
   $ 1,039,735     $ 819,929  
 
            
Fixed charges and preferred stock dividends:
                
Preferred dividend requirements
   $ 314     $ 207  
Ratio of income before provision for income taxes to net income
     153 %     158 %
 
            
Preferred dividend factor on pretax basis
     480       327  
 
            
Fixed Charges:
                
Interest expense
     814,568       742,574  
Capitalized interest
     2,790       3,080  
Interest factors of rents
     1,748       1,609  
 
            
Fixed charges as adjusted (B)
     819,106       747,263  
 
            
 
                
Fixed charges and preferred stock dividends (C)
   $ 819,586     $ 747,590  
 
            
 
                
Ratio of earnings to fixed charges ((A) divided by (B))
     1.27 x     1.10 x
 
            
 
                
Ratio of earnings to fixed charges and preferred stock dividends ((A) divided by (C))
     1.27 x     1.10 x