EX-12 2 exhibit12.htm EXHIBIT 12 exhibit12.htm
Exhibit 12


General Electric Capital Corporation and consolidated affiliates
 
Computation of Ratio of Earnings to Fixed Charges
 
Three months ended March 31, 2012
 
(Unaudited)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of
 
 
 
 
 
 
 
 
 
 
 
earnings to
 
 
 
 
 
 
 
 
 
 
 
fixed charges
(Dollars in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings(a)
 
 
 
 
 
 
 
 
 
$
1,946 
Plus:
 
 
 
 
 
 
 
 
 
 
 
   Interest included in expense(b)
 
 
 
 
 
 
 
 
 
 
3,196 
   One-third of rental expense(c)
 
 
 
 
 
 
 
 
 
 
53 
Adjusted “earnings”
 
 
 
 
 
 
 
 
 
$
5,195 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
  Interest included in expense(b)
 
 
 
 
 
 
 
 
 
$
3,196 
  Interest capitalized
 
 
 
 
 
 
 
 
 
 
6 
  One-third of rental expense(c)
 
 
 
 
 
 
 
 
 
 
53 
Total fixed charges
 
 
 
 
 
 
 
 
 
$
3,255 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
 
 
 
 
 
 
 
 
 
1.60 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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.