Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - INTERNATIONAL LEASE FINANCE CORP | v53559e10vk.htm |
| EX-10.13 - EX-10.13 - INTERNATIONAL LEASE FINANCE CORP | v53559exv10w13.htm |
| EX-23 - EX-23 - INTERNATIONAL LEASE FINANCE CORP | v53559exv23.htm |
| EX-31.1 - EX-31.1 - INTERNATIONAL LEASE FINANCE CORP | v53559exv31w1.htm |
| EX-31.2 - EX-31.2 - INTERNATIONAL LEASE FINANCE CORP | v53559exv31w2.htm |
| EX-32.1 - EX-32.1 - INTERNATIONAL LEASE FINANCE CORP | v53559exv32w1.htm |
| EX-10.14 - EX-10.14 - INTERNATIONAL LEASE FINANCE CORP | v53559exv10w14.htm |
EXHIBIT 12
INTERNATIONAL
LEASE FINANCE CORPORATION AND SUBSIDIARIES
COMPUTATION
OF RATIO OF EARNINGS TO FIXED CHARGES
AND PREFERRED STOCK DIVIDENDS
(Unaudited)
| Years Ended December 31, | ||||||||||||||||||||
| 2009 | 2008 | 2007 | 2006 | 2005 | ||||||||||||||||
| (Dollars in thousands) | ||||||||||||||||||||
|
Earnings
|
||||||||||||||||||||
|
Net income
|
$ | 895,629 | $ | 703,125 | $ | 604,366 | $ | 499,267 | $ | 438,349 | ||||||||||
|
Add:
|
||||||||||||||||||||
|
Provision for income taxes
|
500,538 | 391,596 | 310,519 | 216,840 | 235,834 | |||||||||||||||
|
Fixed charges
|
1,379,141 | 1,606,610 | 1,653,288 | 1,520,777 | 1,221,671 | |||||||||||||||
|
Less:
|
||||||||||||||||||||
|
Capitalized interest
|
(10,360 | ) | (26,597 | ) | (37,192 | ) | (48,038 | ) | (54,097 | ) | ||||||||||
|
Earnings as adjusted (A)
|
$ | 2,764,948 | $ | 2,674,734 | $ | 2,530,981 | $ | 2,188,846 | $ | 1,841,757 | ||||||||||
|
Preferred dividend requirements
|
$ | 3,830 | $ | 5,227 | $ | 5,346 | $ | 5,421 | $ | 4,650 | ||||||||||
|
Ratio of income before provision for income taxes to net income
|
156 | % | 156 | % | 151 | % | 143 | % | 154 | % | ||||||||||
|
Preferred dividend factor on pretax basis
|
5,975 | 8,154 | 8,072 | 7,752 | 7,161 | |||||||||||||||
|
Fixed charges
|
||||||||||||||||||||
|
Interest expense
|
1,365,490 | 1,576,664 | 1,612,886 | 1,469,650 | 1,164,432 | |||||||||||||||
|
Capitalized interest
|
10,360 | 26,597 | 37,192 | 48,038 | 54,097 | |||||||||||||||
|
Interest factor of rents
|
3,291 | 3,349 | 3,210 | 3,089 | 3,142 | |||||||||||||||
|
Fixed charges as adjusted (B)
|
1,379,141 | 1,606,610 | 1,653,288 | 1,520,777 | 1,221,671 | |||||||||||||||
|
Fixed charges and preferred stock dividends (C)
|
1,385,116 | 1,614,764 | 1,661,360 | 1,528,529 | 1,228,832 | |||||||||||||||
|
Ratio of earnings to fixed charges ((A) divided by (B))
|
2.00x | 1.66x | 1.53x | 1.44x | 1.51x | |||||||||||||||
|
Ratio of earnings to fixed charges and preferred stock dividends
((A) divided by (C))
|
2.00x | 1.66x | 1.52x | 1.43x | 1.50x | |||||||||||||||
90