Exhibit
12(b)
General
Electric Capital Corporation
and
consolidated affiliates
Computation
of Ratio of Earnings to Combined Fixed Charges and Preferred Stock
Dividends
|
Year
ended December 31
|
|||||||||||||||
|
(Dollars
in millions)
|
2005
|
2004
|
2003
|
2002
|
2001
|
||||||||||
|
Earnings
from continuing operations
|
$
|
8,666
|
$
|
7,818
|
$
|
6,070
|
$
|
5,339
|
$
|
4,716
|
|||||
|
Provision
for income taxes
|
940
|
1,410
|
1,103
|
652
|
1,093
|
||||||||||
|
Minority
interest
|
155
|
159
|
82
|
89
|
78
|
||||||||||
|
Earnings
from continuing operations before
|
|||||||||||||||
|
income
taxes and minority interest
|
9,761
|
9,387
|
7,255
|
6,080
|
5,887
|
||||||||||
|
Fixed
Charges:
|
|||||||||||||||
|
Interest
|
14,252
|
11,062
|
9,846
|
9,391
|
9,998
|
||||||||||
|
One-third
of rentals(a)
|
330
|
308
|
275
|
300
|
307
|
||||||||||
|
Total
fixed charges
|
14,582
|
11,370
|
10,121
|
9,691
|
10,305
|
||||||||||
|
Less
interest capitalized, net of amortization
|
(72
|
)
|
(37
|
)
|
(23
|
)
|
(38
|
)
|
(88
|
)
|
|||||
|
Earnings
from continuing operations
|
|||||||||||||||
|
before
income taxes and minority
|
|||||||||||||||
|
interest
plus fixed charges
|
$
|
24,271
|
$
|
20,720
|
$
|
17,353
|
$
|
15,733
|
$
|
16,104
|
|||||
|
Preferred
stock dividend requirements
|
$
|
56
|
$
|
45
|
$
|
41
|
$
|
57
|
$
|
80
|
|||||
|
Ratio
of earnings before provision for income
|
|||||||||||||||
|
taxes
to earnings from continuing operations
|
1.11
|
1.18
|
1.18
|
1.12
|
1.23
|
||||||||||
|
Preferred
stock dividend factor
|
|||||||||||||||
|
on
pre-tax basis
|
62
|
53
|
48
|
64
|
98
|
||||||||||
|
Fixed
charges
|
14,582
|
11,370
|
10,121
|
9,691
|
10,305
|
||||||||||
|
Total
fixed charges and preferred stock
|
|||||||||||||||
|
dividend
requirements
|
$
|
14,644
|
$
|
11,423
|
$
|
10,169
|
$
|
9,755
|
$
|
10,403
|
|||||
|
Ratio
of earnings to combined fixed charges
|
|||||||||||||||
|
and
preferred stock dividends
|
1.66
|
1.81
|
1.71
|
1.61
|
1.55
|
||||||||||
|
(a)
|
Considered
to be representative of interest factor in rental expense.
|