Cit 10Q 2009 Q1 Quarterly report | CIT Filing

Content analysis

Positive
Negative
Uncertain
Constraining
Legalese
Litigious
Readability	H.S. freshman Avg

New words: absorbed, adjudication, administered, advertising, advice, AFR, Aid, air, ALCO, American, anniversary, area, ASSETSThe, assistance, attached, automatic, backstopped, Basel, BHC, binding, blended, bridge, bringing, broad, call, carryforward, CEO, CFO, climate, commentary, commodity, complied, consent, conservatorship, consultation, COO, counsel, de, deal, dedicated, deepening, defense, deleveraging, denial, denied, depository, depressed, dialogue, diligence, discovery, discretionary, dispersion, distressed, EESA, elevated, enable, enforcement, epidemic, equated, ERC, exempt, exemption, facilitate, fairly, fleet, flu, Footnote, formal, formation, formula, fraud, FRB, FTE, fulfill, furniture, GDP, Georgia, gradually, guidance, history, holiday, hospitality, importantly, ineffective, Inspector, internet, IRS, issuable, Knittel, led, LIABILITIESThe, lnc, luxury, magnitude, malfeasance, mandatory, Mellon, met, METRICSOur, Metricssection, misfeasance, moderate, monetary, navigate, NOL, nonaccrual, notable, notably, notification, novo, OIG, Otherfor, outflow, overnight, OVERVIEWCIT, path, PCA, permissible, permission, persist, persisted, perspective, pertinent, phase, preclude, precluded, predetermined, presumption, problem, procuring, promote, prompt, proposed, puttable, quantity, railroad, rata, reassessment, receivership, recessionary, recover, recruit, redeemed, refinance, remediation, removed, REVENUEThe, REVIEWFor, rose, run, running, satisfactory, SBA, SeeConcentrationssection, seized, shortcut, slower, software, sound, Specimen, speculative, spending, sponsored, Stabilization, stand, STATEMENTSand, STATEMENTSCompany, STATEMENTSinternational, STATEMENTSwith, Sterling, strict, strike, stronger, strongly, sum, swine, system, TALF, tandem, TARP, TCE, team, temporarily, temporary, textile, theCredit, thereof, thereto, Tier, tightening, TLGP, Transactionsfor, transform, travel, tripled, troubled, unanticipated, undergo, uneconomical, unemployment, unpredictable, unwind, UPDATESWe, velocity, violated, Violation, vulnerability, waiver, wholesale, wider, workforce, workout

Removed: AAA, accessing, achievable, acquiree, acquirer, acquiring, added, Administration, ALLOWANCENet, annum, arranger, attending, auction, Authority, backup, Belgium, bookrunner, bottom, Brazil, build, building, capture, check, CLO, close, commissionswere, comparative, Concentrationssection, concurrently, conform, consolidation, construction, consummated, controlled, controlling, convertible, CorporateandOthernet, correlate, corroborated, country, create, criminal, customary, declaration, deducting, Delaware, delinquency, description, deteriorate, diversity, drew, dropped, drove, ELG, eliminate, enhanced, evaluating, exceeding, expensing, expiring, favorably, feasibility, filer, filing, Finally, financed, FINRA, fiscal, flat, founded, fractional, France, frequently, governance, graduation, greatest, growing, illiquid, imposing, inCapitalizationand, incomeare, INCOMEOther, initiated, investing, Italy, JP, judicial, Kingdom, Lawrence, Leasesfor, license, lieu, likelihood, linked, liquid, liquidating, maintained, marketed, Marsiello, maturing, maximize, Measurementsfor, METRICSOverall, middle, modestly, Noncompliance, noteworthy, occurrence, ofRisk, originator, outlook, overallotment, Pacific, payable, PAYABLESThe, peer, permit, PhD, placement, preference, priced, prime, privately, proprietary, prudent, publicly, rapidly, realistic, reflection, renew, residential, REVENUETotal, revocation, rolling, satisfied, season, seasoned, securitizationdeclined, SeeConcentrationsfor, settled, shelf, shell, shorter, shrink, spanning, STATEMENTSOn, statute, subordinate, subordination, Supplementary, suspension, Sweden, Taylor, tenor, theLiquiditysection, traded, unadjusted, Unaudited, unexercised, unguaranteed, unissued, unusually, Washington, William


	2009			2008

Earnings:
Net loss attributable to common shareholders⁽¹⁾	$	(403.2	)	$	(257.2	)
Loss from discontinued operation		–			(2.0	)
(Benefit) provision for income taxes		8.0			(96.4	)

Loss before provision for income taxes		(395.2	)		(355.6	)

Fixed charges:
Interest and debt expenses on indebtedness		657.1			832.1
Interest factor: one-third of rentals on real and personal properties		6.5			4.7

Total fixed charges		663.6			836.8

Total earnings before provision for income taxes and fixed charges	$	268.4		$	481.2

Ratios of earnings to fixed charges		⁽¹⁾			⁽¹⁾

⁽¹⁾	Earnings were insufficient to cover fixed charges by $395.2 million and $355.6 million for the three months ended March 31, 2009 and March 31, 2008, respectively.

Cit (CIT) 10-Q2009 Q1 Quarterly report

Content analysis