Attached files
| file | filename |
|---|---|
| EX-32.1 - CERTIFICATIONS - CIT GROUP INC | e65375ex32-1.htm |
| EX-31.1 - CERTIFICATIONS - CIT GROUP INC | e65375ex31-1.htm |
| EX-32.2 - CERTIFICATIONS - CIT GROUP INC | e65375ex32-2.htm |
| EX-31.2 - CERTIFICATIONS - CIT GROUP INC | e65375ex31-2.htm |
| XML - IDEA: XBRL DOCUMENT - CIT GROUP INC | R9999.htm |
| 10-Q - FORM 10-Q - CIT GROUP INC | e65375_10q.htm |
EXHIBIT 12.1
CIT Group Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges (dollars in millions)
| At or For the Quarters Ended |
Six Months Ended | ||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| June 30, | March 31, | June 30, | June 30, |
||||||||||||||||||||||
| 2015 |
2015 |
2014 |
2015 |
2014 |
|||||||||||||||||||||
Earnings: |
|||||||||||||||||||||||||
Net
income |
$ | 115.3 | $ | 103.7 | $ | 246.9 | $ | 219.0 | $ | 364.1 | |||||||||||||||
Provision
for income taxes – continuing operations |
37.8 | 44.0 | 18.1 | 81.8 | 31.6 | ||||||||||||||||||||
(Income)
from discontinued operation, net of taxes |
— | — | (51.7 | ) | — | (54.0 | ) | ||||||||||||||||||
Income
from continuing operations, before provision for income taxes and noncontrolling interests |
153.1 | 147.7 | 213.3 | 300.8 | 341.7 | ||||||||||||||||||||
Fixed
Charges: |
|||||||||||||||||||||||||
Interest and
debt expenses on indebtedness |
265.2 | 271.3 | 262.2 | 536.5 | 534.1 | ||||||||||||||||||||
Interest
factor: one-third of rentals on real and personal properties |
2.0 | 1.8 | 1.6 | 3.8 | 3.5 | ||||||||||||||||||||
Total fixed
charges for computation of ratio |
267.2 | 273.1 | 263.8 | 540.3 | 537.6 | ||||||||||||||||||||
Total earnings
before provision for income taxes and fixed charges |
$ | 420.3 | $ | 420.8 | $ | 477.1 | $ | 841.1 | $ | 879.3 | |||||||||||||||
Ratios of
earnings to fixed charges |
1.57 | x | 1.54 | x | 1.81 | x | 1.56 | x | 1.64 | x | |||||||||||||||