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Previous: GENERAL ELECTRIC CAPITAL SERVICES INC/CT, 10-Q, 2000-07-26 |
Next: GENERAL ELECTRIC CAPITAL SERVICES INC/CT, 10-Q, EX-27, 2000-07-26 |
EXHIBIT 12
<TABLE>
<CAPTION>
GENERAL ELECTRIC CAPITAL SERVICES, INC. AND CONSOLIDATED AFFILIATES
Computation of Ratio of Earnings to Fixed Charges
and
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Six months Ended July 1, 2000
(Unaudited)
Ratio of
Earnings to
Combined Fixed
Ratio of Charges and
Earnings to Preferred Stock
(Dollar Amounts In millions) Fixed Charges Dividends
----------------- -----------------
<S> <C> <C>
Net earnings ................................................................ $ 2,487 $ 2,487
Provision for income taxes .................................................. 956 956
Minority interest in net earnings of consolidated affiliates ................ 103 103
----------------- -----------------
Earnings before provision for income taxes and minority interest ............ 3,546 3,546
Fixed charges:
Interest ................................................................. 5,546 5,546
One-third of rentals ..................................................... 206 206
----------------- -----------------
Total fixed charges ......................................................... 5,752 5,752
Less interest capitalized, net of amortization .............................. (54) (54)
----------------- -----------------
Earnings before provision for income taxes and minority interest, plus fixed
charges .................................................................. $ 9,244 $ 9,244
================= =================
Ratio of earnings to fixed charges .......................................... 1.61
=================
Preferred stock dividend requirements ....................................... $ -
Ratio of earnings before provision for income taxes to net earnings ......... 1.38
-----------------
Preferred stock dividend factor on pre-tax basis ............................ -
Fixed charges ............................................................... 5,752
-----------------
Total fixed charges and preferred stock dividend requirements ............... $ 5,752
=================
Ratio of earnings to combined fixed charges and preferred stock dividends ... 1.61
=================
</TABLE>
For purposes of computing the ratios, fixed charges consist of interest on all
indebtedness and one-third of rentals, which management believes is a reasonable
approximation of the interest factor of such rentals.
13
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