Attached files
| file | filename |
|---|---|
| 10-Q - GECC 10-Q 03-31-10 - GENERAL ELECTRIC CAPITAL CORP | gecc10q033110.htm |
| EX-32 - GECC EXHIBIT 32 03-31-10 - GENERAL ELECTRIC CAPITAL CORP | geccexhibit32.htm |
| EX-31.B - GECC EXHIBIT 31(B) 03-31-10 - GENERAL ELECTRIC CAPITAL CORP | geccexhibit31b.htm |
| EX-99.B - GECC EXHIBIT 99(B) 03-31-10 - GENERAL ELECTRIC CAPITAL CORP | geccexhibit99b.htm |
| EX-31.A - GECC EXHIBIT 31(A) 03-31-10 - GENERAL ELECTRIC CAPITAL CORP | geccexhibit31a.htm |
| EX-99.A - GECC EXHIBIT 99(A) 03-31-10 - GENERAL ELECTRIC CAPITAL CORP | geccexhibit99a.htm |
Exhibit 12
General Electric Capital Corporation and consolidated affiliates
Computation of Ratio of Earnings to Fixed Charges
Three months ended March 31, 2010
(Unaudited)
|
Ratio of
|
||
|
earnings to
|
||
|
fixed charges
|
||
|
(Dollars in millions)
|
||
|
Earnings(a)
|
$
|
(81)
|
|
Plus:
|
||
|
Interest included in expense(b)
|
3,929
|
|
|
One-third of rental expense(c)
|
58
|
|
|
Adjusted “earnings”(d)
|
$
|
3,906
|
|
Fixed Charges:
|
||
|
Interest included in expense(b)
|
$
|
3,929
|
|
Interest capitalized
|
10
|
|
|
One-third of rental expense(c)
|
58
|
|
|
Total fixed charges
|
$
|
3,997
|
|
Ratio of earnings to fixed charges
|
0.98
|
|
|
(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 March 31, 2010, this amount was $91 million.
|