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Previous: GENERAL ELECTRIC CAPITAL SERVICES INC/CT, 10-Q, 2000-10-26 |
Next: GENERAL ELECTRIC CAPITAL SERVICES INC/CT, 10-Q, EX-27, 2000-10-26 |
EXHIBIT 12
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
Nine months Ended September 30, 2000
(Unaudited)
<TABLE>
<CAPTION>
(Dollar Amounts In millions) Ratio of
Earnings to
Combined Fixed
Ratio of Charges and
Earnings to Preferred Stock
Fixed Charges Dividends
----------------- -----------------
<S> <C> <C>
Net earnings $ 3,965 $ 3,965
Provision for income taxes 1,498 1,498
Minority interest in net earnings of consolidated affiliates 159 159
-------- --------
Earnings before provision for income taxes and minority interest 5,622 5,622
Fixed charges:
Interest 8,375 8,375
One-third of rentals 299 299
-------- --------
Total fixed charges 8,674 8,674
Less interest capitalized, net of amortization (90) (90)
-------- --------
Earnings before provision for income taxes and minority
interest, plus fixed charges $ 14,206 $ 14,206
======== ========
Ratio of earnings to fixed charges 1.64
========
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 8,674
--------
Total fixed charges and preferred stock dividend requirements $ 8,674
========
Ratio of earnings to combined fixed charges and preferred stock dividends 1.64
========
<FN>
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.
</FN>
</TABLE>
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