Attached files
| file | filename |
|---|---|
| 10-Q - GECS 10-Q 09-30-09 - GENERAL ELECTRIC CAPITAL SERVICES INC/CT | gecs10q093009.htm |
| EX-99 - GECS EX99 09-30-09 - GENERAL ELECTRIC CAPITAL SERVICES INC/CT | gecsex99093009.htm |
| EX-32 - GECS EX32 09-30-09 - GENERAL ELECTRIC CAPITAL SERVICES INC/CT | gecsex32093009.htm |
| EX-31.A - GECS EX31A 09-30-09 - GENERAL ELECTRIC CAPITAL SERVICES INC/CT | gecsex31a093009.htm |
| EX-31.B - GECS EX31B 09-30-09 - GENERAL ELECTRIC CAPITAL SERVICES INC/CT | gecsex31b093009.htm |
Exhibit
12
General
Electric Capital Services, Inc. and consolidated affiliates
Computation
of Ratio of Earnings to Fixed Charges
and
Computation
of Ratio of Earnings to Combined Fixed Charges and Preferred Stock
Dividends
Nine
months ended September 30, 2009
(Unaudited)
|
Ratio
of
|
|||||
|
earnings
to
|
|||||
|
combined
|
|||||
|
Ratio
of
|
fixed
charges
|
||||
|
earnings
to
|
and
preferred
|
||||
|
fixed
charges
|
stock
dividends
|
||||
|
(Dollars
in millions)
|
|||||
|
Earnings(a)
|
$
|
(1,657)
|
$
|
(1,657)
|
|
|
Plus:
|
|||||
|
Interest
included in expense(b)
|
13,717
|
13,717
|
|||
|
One-third
of rental expense(c)
|
209
|
209
|
|||
|
Adjusted
“earnings”(d)
|
$
|
12,269
|
$
|
12,269
|
|
|
Fixed
Charges:
|
|||||
|
Interest
included in expense(b)
|
$
|
13,717
|
$
|
13,717
|
|
|
Interest
capitalized
|
30
|
30
|
|||
|
One-third
of rental expense(c)
|
209
|
209
|
|||
|
Total
fixed charges
|
$
|
13,956
|
$
|
13,956
|
|
|
Ratio
of earnings to fixed charges
|
0.88
|
||||
|
Preferred
stock dividend requirements
|
$
|
–
|
|||
|
Ratio
of earnings before provision for income taxes to earnings
from
|
|||||
|
continuing
operations
|
(0.91)
|
||||
|
Preferred
stock dividend factor on pre-tax basis
|
–
|
||||
|
Fixed
charges
|
$
|
13,956
|
|||
|
Total
fixed charges and preferred stock dividend requirements
|
$
|
13,956
|
|||
|
Ratio
of earnings to combined fixed charges and preferred stock
dividends
|
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
$1,687 million.
|