Attached files
| file | filename |
|---|---|
| 10-Q - GECC 10-Q 09-30-09 - GENERAL ELECTRIC CAPITAL CORP | gecc10q093009.htm |
| EX-31.A - GECC EX31A 09-30-09 - GENERAL ELECTRIC CAPITAL CORP | geccex31a0903.htm |
| EX-31.B - GECC EX31B 09-30-09 - GENERAL ELECTRIC CAPITAL CORP | geccex31b0903.htm |
| EX-99 - GECC EX99 09-30-09 - GENERAL ELECTRIC CAPITAL CORP | geccex99093009.htm |
| EX-10 - GECC EX10 09-30-09 - GENERAL ELECTRIC CAPITAL CORP | geccex10093009.htm |
| EX-32 - GECC EX32 09-30-09 - GENERAL ELECTRIC CAPITAL CORP | geccex32093009.htm |
Exhibit
12
General
Electric Capital Corporation and consolidated affiliates
Computation
of Ratio of Earnings to Fixed Charges
Nine months ended September 30,
2009
(Unaudited)
|
Ratio
of
|
||
|
earnings
to
|
||
|
fixed
charges
|
||
|
(Dollars
in millions)
|
||
|
Earnings(a)
|
$
|
(1,659)
|
|
Plus:
|
||
|
Interest
included in expense(b)
|
13,648
|
|
|
One-third
of rental expense(c)
|
209
|
|
|
Adjusted
“earnings”(d)
|
$
|
12,198
|
|
Fixed
Charges:
|
||
|
Interest
included in expense(b)
|
$
|
13,648
|
|
Interest
capitalized
|
30
|
|
|
One-third
of rental expense(c)
|
209
|
|
|
Total
fixed charges
|
$
|
13,887
|
|
Ratio
of earnings to fixed charges
|
0.88
|
|
|
(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.
|
|
(d)
|
In
accordance with Item 503 of SEC Regulation S-K, we are required to
disclose the amount of earnings needed to achieve a one-to-one ratio of
earnings to fixed charges. As of September 30, 2009, this amount
was $1,689 million.
|