- Track your favorite companies
- Receive email alerts for new filings
- Personalized dashboard of news and more
- Access all data and search results
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
8th grade Avg
|
Exhibit 12.1
CIT Group Inc. and Subsidiaries Computation of Ratio of Earnings to Fixed Charges (dollars in millions) |
| |||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Quarters Ended |
|
| Six Months Ended |
| |||||||||||||
Earnings: | June 30, 2018 |
|
| March 31, 2018 |
|
| June 30, 2017 |
|
| June 30, 2018 |
| June 30, 2017 |
| |||||
Net income | $ | 126.8 |
|
| $ | 97.0 |
|
| $ | 156.7 |
|
| $ | 223.8 |
| $ | 336.6 |
|
Provision (benefit) for income taxes - continuing operations |
| 57.4 |
|
|
| 41.3 |
|
|
| (31.9 | ) |
|
| 98.7 |
| 24.3 |
| |
(Income) loss from discontinued operations, net of taxes |
| 20.5 |
|
|
| 6.7 |
|
|
| (115.5 | ) |
|
| 27.2 |
| (217.2) |
| |
Income from continuing operations, before provision (benefit) or income taxes |
| 204.7 |
|
|
| 145.0 |
|
|
| 9.3 |
|
|
| 349.7 |
| 143.7 |
| |
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Interest and debt expenses on indebtedness |
| 205.2 |
|
|
| 180.5 |
|
|
| 209.2 |
|
|
| 385.7 |
| 372.3 |
| |
Interest factor: one-third of rentals on real and personal properties |
| 3.9 |
|
|
| 3.8 |
|
|
| 3.5 |
|
|
| 7.7 |
| 7.2 |
| |
Total fixed charges for computation of ratio |
| 209.1 |
|
|
| 184.3 |
|
|
| 212.7 |
|
|
| 393.4 |
| 379.5 |
| |
Total earnings before provision (benefit) for income taxes and fixed charges | $ | 413.8 |
|
| $ | 329.3 |
|
| $ | 222.0 |
|
| $ | 743.1 |
| $ | 523.2 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ratios of earnings to fixed charges |
| 1.98 | x |
|
| 1.79 | x |
|
| 1.04 | x |
|
| 1.89 | x |
| 1.38 | x |