Attached files
| file | filename |
|---|---|
| 10-Q - 10-Q - INTERNATIONAL LEASE FINANCE CORP | a2206182z10-q.htm |
| EX-31.2 - EX-31.2 - INTERNATIONAL LEASE FINANCE CORP | a2206182zex-31_2.htm |
| EX-31.1 - EX-31.1 - INTERNATIONAL LEASE FINANCE CORP | a2206182zex-31_1.htm |
| EX-32.1 - EX-32.1 - INTERNATIONAL LEASE FINANCE CORP | a2206182zex-32_1.htm |
| EXCEL - IDEA: XBRL DOCUMENT - INTERNATIONAL LEASE FINANCE CORP | Financial_Report.xls |
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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, 2011 and 2010
(Dollars in thousands)
| |
September 30, 2011 |
September 30, 2010 |
|||||||
|---|---|---|---|---|---|---|---|---|---|
| |
(Unaudited) |
||||||||
Earnings: |
|||||||||
Net Loss |
$ | (691,284 | ) | $ | (57,708 | ) | |||
Add: |
|||||||||
Provision for income taxes |
(357,724 | ) | (23,731 | ) | |||||
Fixed charges |
1,211,452 | 1,164,655 | |||||||
Less: |
|||||||||
Capitalized interest |
(5,652 | ) | (4,669 | ) | |||||
Earnings as adjusted (A) |
$ | 156,792 | $ | 1,078,547 | |||||
Fixed charges and preferred stock dividends: |
|||||||||
Preferred dividend requirements |
$ | 433 | $ | 440 | |||||
Ratio of income before provision for income taxes to net income |
152 | % | 141 | % | |||||
Preferred dividend factor on pretax basis |
658 | 620 | |||||||
Fixed Charges: |
|||||||||
Interest expense |
1,203,010 | 1,157,533 | |||||||
Capitalized interest |
5,652 | 4,669 | |||||||
Interest factors of rents |
2,790 | 2,453 | |||||||
Fixed charges as adjusted (B) |
1,211,452 | 1,164,655 | |||||||
Fixed charges and preferred stock dividends (C) |
$ | 1,212,110 | $ | 1,165,275 | |||||
Ratio of earnings to fixed charges ((A) divided by (B)) |
— | (a) | — | (a) | |||||
Ratio of earnings to fixed charges and preferred stock dividends ((A) divided by (C)) |
— | — | |||||||
- (a)
- In the nine months ended September 30, 2011 and 2010, earnings were insufficient to cover fixed charges by $1.1 billion and $86.1 million, respectively, due to non-cash impairment and lease related charges aggregating $1.6 billion and $891.3 million, respectively.