EX-12 4 v50157exv12.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 NINE MONTHS ENDED SEPTEMBER 30, 2008 AND 2007
(Dollars in thousands)
                 
    2008     2007  
    (Unaudited)  
Earnings:
                
Net Income
   $ 588,171     $ 428,955  
Add:
                
Provision for income taxes
     325,290       227,668  
Fixed charges
     1,164,082       1,240,449  
Less:
                
Capitalized interest
     (20,681 )     (27,672 )
 
            
Earnings as adjusted (A)
   $ 2,056,862     $ 1,869,400  
 
            
Fixed charges and preferred stock dividends:
                
Preferred dividend requirements
   $ 3,909     $ 4,045  
Ratio of income before provision for income taxes to net income
     155 %     153 %
 
            
Preferred dividend factor on pretax basis
     6,059       6,189  
 
            
Fixed Charges:
                
Interest expense
     1,140,886       1,210,398  
Capitalized interest
     20,681       27,672  
Interest factors of rents
     2,515       2,379  
 
            
Fixed charges as adjusted (B)
     1,164,082       1,240,449  
 
            
 
                
Fixed charges and preferred stock dividends (C)
   $ 1,170,141     $ 1,246,638  
 
            
 
                
Ratio of earnings to fixed charges ((A) divided by (B))
     1.77 x     1.51 x
 
            
 
                
Ratio of earnings to fixed charges and preferred stock dividends ((A) divided by (C))
     1.76 x     1.50 x