Cit 10Q 2007 Q1 Quarterly report | CIT Filing

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	7th grade Avg

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Removed: AA, ability, acceptable, acceptance, accessing, achieve, achieved, acting, actively, adequacy, adherence, adjudication, adjust, advance, advancement, aforementioned, aggregated, air, al, allocate, alternative, analytical, analyzing, appraisal, approximated, arise, arising, array, assessing, assigned, assumption, assurance, authority, automated, balanced, bankrupt, behavior, behavioral, Black, blending, border, borrowing, broadened, broadening, brought, bureau, calculate, capture, category, center, centralized, certified, Chapter, charged, clarify, classification, closely, closing, collecting, combined, commensurate, comparison, complement, complex, compound, conservative, consisted, constant, contingency, contravention, conventional, convert, counterparty, covenant, creation, deemed, degree, delineate, delineated, Delta, demand, deposit, derive, detected, determination, determining, developed, difficulty, disaggregated, disruption, distribution, dividend, duration, earn, economy, effectively, effort, emphasize, encountered, ending, enhanced, ensure, enter, entering, entitle, equal, establishment, estimating, exceed, exercised, existence, expanding, expectation, expensing, experiencing, expertise, expose, Exquisite, extended, extent, external, Extinguishment, forfeiture, formal, format, free, function, gap, govern, grant, grow, half, harbor, healthcare, hierarchy, history, hub, hurricane, implemented, implementing, inappropriate, Ineffective, installment, instantaneously, insurance, integral, intrinsic, involving, Ireland, issuing, Jersey, launched, law, lender, length, life, liquidating, liquidation, list, located, location, longer, maintained, maintaining, manager, MAR, marketing, match, matched, matching, matured, measured, median, methodology, migrating, mitigate, mitigation, modeling, modified, modify, monitored, nationally, Northwest, noted, objective, occupancy, offered, open, operate, opportunistic, opportunity, ordered, overnight, participate, pattern, peer, penetration, perform, performed, permitted, Popular, practice, predicated, preserve, pressure, primary, proactive, problem, profile, proforma, promptly, property, proprietary, publicly, published, putative, quarterly, rated, reach, realigned, realignment, recognize, record, refinement, regional, regular, relevant, relief, remarketing, renamed, reorganization, repay, repayment, repricing, requisite, reset, residence, residential, resolve, reviewed, reviewing, run, safe, scoring, seasoning, secured, seek, seeking, sensitivity, serve, setting, shocked, short, simulate, simulation, SPE, Specialty, speculate, speculative, standing, statistical, strength, stronger, structure, subsequent, substantial, substantially, successive, Superior, supported, system, systematic, systemic, taxing, technique, terminated, test, tested, testing, thereof, ticket, timely, traded, trading, tranche, transacted, transferred, Treasurer, true, turn, typical, understand, understanding, underwriter, underwriting, undiscounted, utility, VAR, vertical, view, vintage, volatility, warrant, weekly, world

	Quarters Ended March 31,
	2007	2006
Net income	$ 200.6	$229.7
Provision for income taxes	34.1	101.3

Earnings before provision for income taxes	234.7	331.0

Fixed charges:
Interest and debt expenses on indebtedness	869.0	594.1
Minority interest in subsidiary trust holding solely debentures of the company, before tax	4.6	4.2
Interest factor-one-third of rentals on real and personal properties	4.3	3.3

Total fixed charges	877.9	601.6

Total earnings before provision for income taxes and fixed charges	$1,112.6	$932.6

Ratios of earnings to fixed charges	1.27x	1.55x

Cit (CIT) 10-Q2007 Q1 Quarterly report

Content analysis