Exhibit 12
General Motors Acceptance Corporation
Ratio of Earnings to Fixed Charges
Six Months Ended June 30, ($ in millions) | 2005 | 2004 | ||||||
Earnings | ||||||||
Consolidated net income | $ | 1,544 | $ | 1,610 | ||||
Provision for income taxes | 771 | 946 | ||||||
Minority interest in consolidated subsidiaries and (income)/loss from equity investees | 5 | 1 | ||||||
Consolidated income before income taxes, minority interest and (income)/loss from equity investees | 2,320 | 2,557 | ||||||
Fixed charges | 5,976 | 4,476 | ||||||
Earnings available for fixed charges | 8,296 | 7,033 | ||||||
Fixed charges | ||||||||
Interest, discount, and issuance expense on debt | 5,926 | 4,433 | ||||||
Portion of rentals representative of the interest factor | 50 | 43 | ||||||
Total fixed charges | $ | 5,976 | $ | 4,476 | ||||
Ratio of earnings to fixed charges | 1.39 | 1.57 | ||||||