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ABO, Accountingfor, acute, admitting, affirmative, allegedly, annulled, Answering, Arbitration, arrive, ASC, asserted, assertion, ASSETSThe, attached, Background, backup, BANKThe, barred, begun, binding, bondholder, Borrowingsfor, cable, Capitaland, CAPITALIZATIONUpon, cashflow, cast, Catering, certainty, CFL, Chancery, China, chose, chosen, circumstance, CITGQ, Codification, compelling, composed, concept, confidence, conservatism, context, CONTROLSThe, convenience, convey, Counterclaim, CRM, cut, CVR, damage, damaged, database, DataThe, deadline, dealer, decide, decided, deep, deleveraged, denying, depressed, depth, derecognizing, desist, disadvantage, disburse, discharge, discharged, discharging, distinguish, distracted, distraction, Division, DP, draft, effectuated, efficacy, elevated, embarked, embedded, encourage, enjoyed, ESTIMATESThe, ethical, EVE, evidencing, exacerbated, explicit, faster, feasibility, fifteen, fill, forbear, forbearance, foregone, Fortune, frame, Francisco, fraudulent, FRBNY, freely, fresh, FSA, Georgia, golden, Guarantor, guaranty, head, headline, hearing, hoped, Horeca, hospice, human, impossible, improperly, incorrect, incumbent, insignificant, instance, insufficient, insufficiently, intentionally, interruption, Introduction, Itemsfor, ItemsReorganization, iv, joining, launched, leadership, LeasingCommercial, left, legacy, leisure, lent, levied, likewise, lingering, lodging, logical, Lookkin, macro, main, manifest, MEASUREMENTSThe, medium, Memorandum, METRICSCredit, Microsoft, modest, mutually, Narrative, nationwide, necessity, nominee, Nonaccretable, nondiscriminatory, nonfinancial, notified, notify, notifying, nursing, NYSE, Obama, oil, ONEItem, opted, organizational, OTC, outpatient, overwhelming, overwhelmingly, parachute, PBO, perfected, pervasive, prejudice, preliminarily, prepackaged, prepaid, prepay, prepaying, President, privacy, PropertiesCIT, Pursuit, quick, quicker, quickly, rebound, recapitalization, Recapitalized, recharacterized, reconstituted, redenominated, reestablishing, refund, reinstated, reject, reliant, relieving, rendered, renegotiated, resign, resigned, resigning, resiliency, respond, responding, rollforward, San, scrutiny, SecuritiesOn, Securitizationsfor, seeExpensesection, SEGMENTSee, shortly, simultaneously, Singh, situation, solicitation, solicited, specialist, spending, staffing, STATEMENTSCertain, Steering, stipulation, strained, stricter, stringent, subprime, subtracting, succeeding, summer, survive, sweep, switched, symbol, telephony, tender, tendered, tenured, Thain, therefrom, today, tower, trailing, Transactionsfor, TTF, TWOItem, UDFI, unclassified, underpaid, underserved, undisputed, unemployment, unfavorable, unimpaired, UnitsEligible, Unregistered, unrestricted, untimely, unwind, unwinding, unwound, user, vacant, valuable, vaulation, vi, viability, viable, void, vulnerable, waived, withholding, withstand, workout, wound, wrongfully
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AA, actuarially, adjustable, aforementioned, alternate, amortizable, approximated, area, array, assetsare, Assetsinclude, assigning, attempting, attention, balanced, behavior, Belgium, billed, broader, calling, Citigroup, closer, compounded, computation, computer, conformed, consistency, continuation, controlling, coordinating, correlate, curve, customarily, customary, Datafor, declaration, defer, detected, differential, direction, disaggregated, disciplined, discretion, diversion, earmarked, ECP, employer, enable, enactment, encountered, exceeded, exhibit, expanding, expectation, expensing, expiring, extended, facing, FAS, federally, Feesare, FIN, fit, fluctuation, forfeiture, formally, freeing, FSP, gap, German, globe, grew, growing, guided, imposing, independently, Industrie, ineffective, influenced, installment, insulate, intermediary, intrinsic, IRS, LeasingThe, master, Measuresare, Medicare, Metricsexclude, misstatement, Modernization, modestly, Morgan, nation, netting, nonrefundable, numerical, ofItem, outlined, practicable, prescription, promote, ratably, Receivablesresult, recommendation, redeemable, redeploy, redeployment, regression, relocation, residence, residential, Rx, Salaried, secondary, shifted, simulate, software, speculate, strategically, strict, temporarily, transacted, true, twenty, typical, unconditional, unconditionally, unrecovered, unresolved, unvested, Valuesrepresent, VAR, variability, variance, warranted, wholesaling, withdrawal, worth
Filing tables
Filing exhibits
- 10-K Annual report
- 10.8 Long-term Incentive Plan Stock Option Award Agreement
- 10.9 Long-term Incentive Plan Restricted Stock Award Agreement
- 10.10 Long-term Incentive Plan Deferred Cash Retention Award Agreement
- 10.11 Long-term Incentive Plan Deferred Cash Retention Award Agreement
- 10.17 Extension of Term of Employment Agreement-joseph M. Leone
- 10.18 Long-term Incentive Plan 2010 Annual Stock Salary Agreement for Joseph M. Leone
- 10.20 Letter Agreement Between CIT Group Inc. and Alexander T. Mason
- 10.24 Extension of Term of Employment Agreement-jeffrey Knittel
- 12.1 Computation of Ratio of Earnings to Fixed Charges
- 21.1 Subsidiaries of CIT
- 24.1 Powers of Attorney
- 31.1 Certification of John A. Thain
- 31.2 Certification of Joseph M. Leone
- 32.1 Certification of John A. Thain
- 32.2 Certification of Joseph M. Leone
- 99.1 Certification
- 99.2 Certification
CIT similar filings
Filing view
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EXHIBIT 12.1
CIT Group Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges (dollars in millions)
Predecessor CIT | |||||||||||||||
Years Ended December 31, | |||||||||||||||
2009 | 2008 | 2007 | 2006 | 2005 | |||||||||||
Earnings: | |||||||||||||||
Net (loss) income (attributable) available to common shareholders | $ | (3.8 | ) | $ | (2,864.2 | ) | $ | (111.0 | ) | $ | 1,015.8 | $ | 936.4 | ||
Net (income) loss from discontinued operation | – | 2,166.4 | 873.0 | (120.3 | ) | (30.6 | ) | ||||||||
(Benefit) provision for income taxes – continuing operations | (132.1 | ) | (444.4 | ) | 300.9 | 280.8 | 444.5 | ||||||||
Earnings (loss) from continuing operations, before provision for income taxes | (135.9 | ) | (1,142.2 | ) | 1,062.9 | 1,176.3 | 1,350.3 | ||||||||
Fixed Charges: | |||||||||||||||
Interest and debt expenses on indebtedness | 2,659.4 | $ | 3,139.1 | $ | 3,411.9 | $ | 2,518.4 | $ | 1,694.4 | ||||||
Noncontrolling minority interest in subsidiary trust holding solely | |||||||||||||||
debentures of the company, before tax | – | – | 5.1 | 17.4 | 17.7 | ||||||||||
Interest factor: one-third of rentals on real and personal properties | 17.6 | 18.9 | 18.5 | 17.1 | 12.6 | ||||||||||
Total Fixed Charges: | 2,677.0 | 3,158.0 | 3,435.5 | 2,552.9 | 1,724.7 | ||||||||||
Total earnings before provision for income taxes and fixed charges | $ | 2,541.1 | $ | 2,015.8 | $ | 4,498.4 | $ | 3,729.2 | $ | 3,075.0 | |||||
Ratios of earnings to fixed charges | (1 | ) | (1 | ) | 1.31x | 1.46x | 1.78x |
(1) | Earnings were insufficient to cover fixed charges by $135.9 million and $1,142.2 million for the twelve months ended December 31, 2009 and December 31, 2008. |