Exhibit 12


General Electric Capital Corporation 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 June 30, 2012
 
(Unaudited)
 

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of
 
 
 
 
 
 
 
 
 
earnings to
 
 
 
 
 
 
 
 
 
combined
 
 
 
 
 
 
 
Ratio of
 
fixed charges
 
 
 
 
 
 
 
earnings to
 
and preferred
 
 
 
 
 
 
 
fixed charges
 
stock dividends
(Dollars in millions)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings(a)
 
 
 
 
 
 
$
3,940 
 
$
3,940 
Plus:
 
 
 
 
 
 
 
 
 
 
 
   Interest included in expense(b)
 
 
 
 
 
 
 
6,184 
 
 
6,184 
   One-third of rental expense(c)
 
 
 
 
 
 
 
101 
 
 
101 
Adjusted “earnings”
 
 
 
 
 
 
$
10,225 
 
$
10,225 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
  Interest included in expense(b)
 
 
 
 
 
 
$
6,184 
 
$
6,184 
  Interest capitalized
 
 
 
 
 
 
 
13 
 
 
13 
  One-third of rental expense(c)
 
 
 
 
 
 
 
101 
 
 
101 
Total fixed charges
 
 
 
 
 
 
$
6,298 
 
$
6,298 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
 
 
 
 
 
 
1.62 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred stock dividend requirements
 
 
 
 
 
 
 
 
 
$
– 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings before provision for income taxes to
 
 
 
 
 
 
 
 
 
 
 
  earnings from continuing operations
 
 
 
 
 
 
 
 
 
 
1.07 
 
 
 
 
 
 
 
 
 
 
 
 
Preferred stock dividend factor on pre-tax basis
 
 
 
 
 
 
 
 
 
 
– 
Fixed charges
 
 
 
 
 
 
 
 
 
$
6,298 
 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges and preferred stock dividend requirements
 
 
 
 
 
 
 
$
6,298 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to combined fixed charges and
 
 
 
 
 
 
 
 
 
 
 
  preferred stock dividends
 
 
 
 
 
 
 
 
 
 
1.62 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(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.