Attached files
file | filename |
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10-Q - GENERAL ELECTRIC CAPITAL CORP | gecc10q1q15.htm |
EX-99 - GENERAL ELECTRIC CAPITAL CORP | gecc10q1q15ex99.htm |
EX-31.B - GENERAL ELECTRIC CAPITAL CORP | gecc10q1q15ex31b.htm |
EX-31.A - GENERAL ELECTRIC CAPITAL CORP | gecc10q1q15ex31a.htm |
EXCEL - IDEA: XBRL DOCUMENT - GENERAL ELECTRIC CAPITAL CORP | Financial_Report.xls |
EX-32 - GENERAL ELECTRIC CAPITAL CORP | gecc10q1q15ex32.htm |
Exhibit 12
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General Electric Capital Corporation and consolidated affiliates
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Computation of Ratio of Earnings to Fixed Charges and
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Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
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Three months ended March 31, 2015
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(Unaudited)
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(Dollars in millions)
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Loss(a)
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$
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(6,434)
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Plus:
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Interest included in expense(b)
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1,888
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One-third of rental expense(c)
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30
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Adjusted "losses"
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$
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(4,516)
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Fixed charges:
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Interest included in expense(b)
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$
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1,888
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Interest capitalized
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5
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One-third of rental expense(c)
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30
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Total fixed charges
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$
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1,923
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Ratio of earnings to fixed charges(d)
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-
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Preferred stock dividend requirements
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$
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-
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Ratio of earnings before provision for income taxes to earnings from continuing operations(d)
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-
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Preferred stock dividend factor on pre-tax basis
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$
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-
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Fixed charges
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1,923
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Total fixed charges and preferred stock dividend requirements
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$
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1,923
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Ratio of earnings to combined fixed charges and preferred stock dividends(d)
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-
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(a)
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Loss before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.
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(b)
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Included interest on tax deficiencies and interest on discontinued operations.
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(c)
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Considered to be representative of interest factor in rental expense.
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(d)
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For the three months ended March 31, 2015, in connection with the GE Capital Exit Plan, we incurred loss from operations, and as a result, our earnings were insufficient to cover our fixed charges by $6,439 million.
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