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EXHIBIT 12
THE CIT GROUP, INC. AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES
(Dollars in Millions)
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For the Nine Months Ended
September 30,
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2000 1999
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Net income $ 451.5 $ 285.1
Provision for income taxes 276.5 151.6
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Earnings before provision for income taxes 728.0 436.7
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Fixed charges:
Interest and debt expense on indebtedness 1,845.5 858.2
Minority interest in subsidiary trust
holding solely debentures of the Company 14.4 14.4
Interest factor - one third of rentals
on real and personal properties 15.2 6.7
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Total fixed charges 1,875.1 879.3
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Total earnings before provision for income
taxes and fixed charges $2,603.1 $1,316.0
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Ratios of earnings to fixed charges 1.39x 1.50x
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