Attached files
| file | filename |
|---|---|
| 10-Q - GECS 10-Q 03-31-2011 - GENERAL ELECTRIC CAPITAL SERVICES INC/CT | gecs10-q03312011.htm |
| EX-32 - GECS EXHIBIT 32 - GENERAL ELECTRIC CAPITAL SERVICES INC/CT | gecsexhibit32.htm |
| EX-31.B - GECS EXHIBIT 31(B) - GENERAL ELECTRIC CAPITAL SERVICES INC/CT | gecsexhibit31b.htm |
| EX-99 - GECS EXHIBIT 99 - GENERAL ELECTRIC CAPITAL SERVICES INC/CT | gecsexhibit99a.htm |
| EX-31.A - GECS EXHIBIT 31(A) - GENERAL ELECTRIC CAPITAL SERVICES INC/CT | gecsexhibit31a.htm |
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
Three months ended March 31, 2011
(Unaudited)
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Ratio of
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earnings to
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combined
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Ratio of
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fixed charges
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earnings to
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and preferred
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fixed charges
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stock dividends
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(Dollars in millions)
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Earnings(a)
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$
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2,196
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$
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2,196
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Plus:
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Interest included in expense(b)
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3,667
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3,667
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One-third of rental expense(c)
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53
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53
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Adjusted “earnings”
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$
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5,916
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$
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5,916
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Fixed charges:
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Interest included in expense(b)
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$
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3,667
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$
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3,667
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Interest capitalized
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6
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6
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One-third of rental expense(c)
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53
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53
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Total fixed charges
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$
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3,726
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$
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3,726
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Ratio of earnings to fixed charges
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1.59
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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
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continuing operations
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1.23
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Preferred stock dividend factor on pre-tax basis
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–
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Fixed charges
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$
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3,726
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|||
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Total fixed charges and preferred stock dividend requirements
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$
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3,726
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Ratio of earnings to combined fixed charges and preferred stock dividends
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1.59
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(a)
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Earnings 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.
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(c)
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Considered to be representative of interest factor in rental expense.
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