Attached files
| file | filename |
|---|---|
| 10-Q - FORM 10-Q - CIT GROUP INC | e61257_10q.htm |
| EX-32.1 - 1350 CERTIFICATION OF JOHN THAIN - CIT GROUP INC | e61257_ex32-1.htm |
| EX-31.2 - CERTIFICATION OF SCOTT PARKER - CIT GROUP INC | e61257_ex31-2.htm |
| EX-31.1 - CERTIFICATION OF JOHN THAIN - CIT GROUP INC | e61257_ex31-1.htm |
| EXCEL - IDEA: XBRL DOCUMENT - CIT GROUP INC | Financial_Report.xls |
| EX-32.2 - 1350 CERTIFICATION OF SCOTT PARKER - CIT GROUP INC | e61257_ex32-2.htm |
EXHIBIT 12.1
CIT Group Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges (dollars in millions)
| Quarters Ended |
Nine Months Ended | ||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| September 30, | June 30, | September 30, | September 30, |
||||||||||||||||||||
| 2014 |
2014 |
2013 |
2014 |
2013 |
|||||||||||||||||||
Earnings: |
|||||||||||||||||||||||
Net
income |
$ | 514.9 | $ | 246.9 | $ | 199.6 | $ | 879.0 | $ | 545.8 | |||||||||||||
(Benefit) provision
for income taxes – continuing operations |
(401.2 | ) | 18.1 | 13.2 | (369.6 | ) | 55.3 | ||||||||||||||||
Loss (income)
from discontinued operation, net of taxes |
0.5 | (51.7 | ) | (6.7 | ) | (53.5 | ) | (24.4 | ) | ||||||||||||||
Income from
continuing operations, before provision (benefit) for income taxes |
114.2 | 213.3 | 206.1 | 455.9 | 576.7 | ||||||||||||||||||
Fixed
Charges: |
|||||||||||||||||||||||
Interest and
debt expenses on indebtedness |
275.2 | 262.2 | 256.7 | 809.3 | 793.4 | ||||||||||||||||||
Interest factor:
one-third of rentals on real and personal properties |
1.8 | 1.6 | 1.8 | 5.3 | 6.2 | ||||||||||||||||||
Total fixed
charges for computation of ratio |
277.0 | 263.8 | 258.5 | 814.6 | 799.6 | ||||||||||||||||||
Total earnings
before provision for income taxes and fixed charges |
$ | 391.2 | $ | 477.1 | $ | 464.6 | $ | 1,270.5 | $ | 1,376.3 | |||||||||||||
Ratios of
earnings to fixed charges |
1.41x | 1.81x | 1.80x | 1.56x | 1.72x | ||||||||||||||||||