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Previous: INTERNATIONAL LEASE FINANCE CORP, 10-Q, EX-4, 2000-08-02 |
Next: INTERNATIONAL LEASE FINANCE CORP, 10-Q, EX-27, 2000-08-02 |
<PAGE> 1
EXHIBIT 12
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK
DIVIDENDS FOR THE SIX MONTHS ENDED JUNE 30, 2000 AND 1999
(DOLLARS IN THOUSANDS)
<TABLE>
<CAPTION>
2000 1999
-------- --------
(Unaudited)
<S> <C> <C>
Earnings:
Net Income $206,022 $197,075
Add:
Provision for income taxes 112,256 108,822
Fixed charges 425,268 395,540
Less:
Capitalized interest 22,976 23,159
-------- --------
Earnings as adjusted (A) $720,570 $678,278
======== ========
Preferred dividend requirements $ 8,523 $ 7,827
Ratio of income before provision
for income taxes to net income 154% 155%
-------- --------
Preferred dividend factor on pretax
basis 13,125 12,132
-------- --------
Fixed Charges:
Interest expense 359,323 335,471
Capitalized interest 22,976 23,159
Interest factor of rents 42,969 36,910
-------- --------
Fixed charges as adjusted (B) 425,268 395,540
-------- --------
Fixed charges and preferred stock
dividends (C) $438,393 $407,672
======== ========
Ratio of earnings to fixed charges
(A) divided by (B) 1.69x 1.71x
======== ========
Ratio of earnings to fixed charges
and preferred stock dividends
(A) divided by (C) 1.64x 1.66x
======== ========
</TABLE>
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