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Filing tables
Filing exhibits
- 10-K Annual report
- 4.8 5-YEAR Credit Agreement
- 4.9 5 Year Credit Agreement
- 10.15 Master Confirmation
- 10.19 Options Agreement
- 10.20 Long-term Incentive Plan Performance
- 10.21 Performance Share Award Agreements
- 10.22 Restricted Stock Award Agreements
- 10.23 Restricted Cash Unit Award Agreements
- 12.1 Statement Re: Computation of Ratios
- 21.1 Subsidiaries As of December 31, 2006
- 24.1 Powers of Attorney
- 31.1 Rule 13A-14(A)/15D-14(A) Certifications
- 31.2 Rule 13A-14(A)/15D-14(A) Certifications
- 32.1 Section 1350 Certifications
- 32.2 Section 1350 Certifications
Related press release
CIT similar filings
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EXHIBIT 12.1
CIT Group Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges(dollars in millions)
For the Years Ended December 31, | Three Months Ended | Year Ended | ||||||||||
2006 | 2005 | 2004 | 2003 | December 31, 2002 | September 30, 2002 | |||||||
Net income | $1,015.8 | $ 936.4 | $ 753.6 | $ 566.9 | $141.3 | $(6,698.7 | ) | |||||
Provision for income taxes | 364.4 | 464.2 | 483.3 | 361.6 | 90.3 | 367.6 | ||||||
Earnings before provision | ||||||||||||
for income taxes | 1,380.2 | 1,400.6 | 1,236.9 | 928.5 | 231.6 | (6,331.1 | ) | |||||
Fixed charges: | ||||||||||||
Interest and debt expenses | ||||||||||||
on indebtedness | 2,850.4 | 1,894.3 | 1,242.6 | 1,348.7 | 349.5 | 1,464.6 | ||||||
Minority interest in | ||||||||||||
subsidiary trust holding | ||||||||||||
solely debentures of the | ||||||||||||
Company, before tax | 17.4 | 17.7 | 17.5 | 8.8 | 4.4 | 16.9 | ||||||
Interest factor – one-third | ||||||||||||
of rentals on real and | ||||||||||||
personal properties | 18.5 | 14.3 | 13.4 | 14.4 | 3.8 | 15.6 | ||||||
Total fixed charges | 2,886.3 | 1,926.3 | 1,273.5 | 1,371.9 | 357.7 | 1,497.1 | ||||||
Total earnings before | ||||||||||||
provisions for income | ||||||||||||
taxes and fixed charges | $4,266.5 | $3,326.9 | $2,510.4 | $2,300.4 | $589.3 | $(4,834.0 | ) | |||||
Ratios of earnings to | ||||||||||||
fixed charges | 1.48 | x | 1.73 | x | 1.97 | x | 1.68 | x | 1.65x | (1 | ) |
(1) | Earnings were insufficient to cover fixed charges by $6,331.1 million in the year ended September 30, 2002. Earnings for the year ended September 30, 2002 included a goodwill impairment charge of $6,511.7 million in accordance with SFAS 142, “Goodwill and other Intangible Assets”. |