EX-12 3 a2211600zex-12.htm EX-12
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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, 2012 and 2011
(Dollars in thousands)

 
   September 30,
2012 		  September 30,
2011 		 
 
   (Unaudited)
  

Earnings:

              

Net Income

   $ 339,666   $ (736,377 )

Add:

              

(Benefit) provision for income taxes

     (65,990 )   (382,149 )

Fixed charges

     1,181,226     1,211,452  

Less:

              

Capitalized interest

     (11,562 )   (5,652 )
           

Earnings as adjusted (A)

   $ 1,443,340   $ 87,274  
           

Fixed charges and preferred stock dividends:

              

Preferred dividend requirements

   $ 300   $ 433  

Ratio of income before provision for income taxes to net income

     81 %   152 %
           

Preferred dividend factor on pretax basis

     243     658  
           

Fixed Charges:

              

Interest expense

     1,165,844     1,203,010  

Capitalized interest

     11,562     5,652  

Interest factors of rents

     3,820     2,790  
           

Fixed charges as adjusted (B)

     1,181,226     1,211,452  
           

Fixed charges and preferred stock dividends (C)

   $ 1,181,469   $ 1,212,110  
           

Ratio of earnings to fixed charges ((A) divided by (B))

     1.22x     — (a)
           

Ratio of earnings to fixed charges and preferred stock dividends ((A) divided by (C))

     1.22x     — (a)
           
(a)
In the nine months ended September 30, 2011, earnings were insufficient to cover fixed charges by $1.1 billion due to non-cash impairment and lease related charges aggregating $1.7 billion.



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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, 2012 and 2011 (Dollars in thousands)