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Exhibit 12
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General Electric Capital Corporation and consolidated affiliates
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Computation of Ratio of Earnings to Fixed Charges and
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Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
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Nine months ended September 30, 2015
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(Unaudited)
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(Dollars in millions)
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Loss(a)
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$
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(1,128)
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Plus:
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Interest and other financial charges included in expense(b)
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5,452
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One-third of rental expense(c)
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104
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Adjusted "earnings"
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$
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4,428
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Fixed charges:
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Interest and other financial charges included in expense(b)
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$
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5,452
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Interest capitalized
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17
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One-third of rental expense(c)
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104
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Total fixed charges
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$
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5,573
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Ratio of earnings to fixed charges
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0.79
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Preferred stock dividend requirements
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$
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161
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Ratio of earnings before provision for income taxes to earnings from continuing operations
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0.14
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Preferred stock dividend factor on pre-tax basis
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$
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22
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Fixed charges
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5,573
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Total fixed charges and preferred stock dividend requirements
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$
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5,595
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Ratio of earnings to combined fixed charges and preferred stock dividends
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0.79
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(a)
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Loss before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.
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(b)
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Included interest on tax deficiencies and interest on discontinued operations.
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(c)
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Considered to be representative of interest factor in rental expense.
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