EXHIBIT 12
INTERNATIONAL LEASE FINANCE CORPORATION AND SUBSIDIARIES
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED
STOCK DIVIDENDS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2009 and 2008
(Dollars in thousands)
COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED
STOCK DIVIDENDS FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2009 and 2008
(Dollars in thousands)
| September 30, | September 30, | |||||||
| 2009 | 2008 | |||||||
| (Unaudited) | ||||||||
Earnings: | ||||||||
| Net Income | $ | 685,695 | $ | 588,171 | ||||
| Add: | ||||||||
| Provision for income taxes | 374,491 | 325,290 | ||||||
| Fixed charges | 1,052,619 | 1,164,082 | ||||||
| Less: | ||||||||
| Capitalized interest | (8,798 | ) | (20,681 | ) | ||||
| Earnings as adjusted (A) | $ | 2,104,007 | $ | 2,056,862 | ||||
Fixed charges and preferred stock dividends: | ||||||||
| Preferred dividend requirements | $ | 3,262 | $ | 3,909 | ||||
| Ratio of income before provision for income taxes to net income | 155 | % | 155 | % | ||||
| Preferred dividend factor on pretax basis | 5,056 | 6,059 | ||||||
| Fixed Charges: | ||||||||
| Interest expense | 1,041,357 | 1,140,886 | ||||||
| Capitalized interest | 8,798 | 20,681 | ||||||
| Interest factors of rents | 2,464 | 2,515 | ||||||
| Fixed charges as adjusted (B) | 1,052,619 | 1,164,082 | ||||||
| Fixed charges and preferred stock dividends (C) | $ | 1,057,675 | $ | 1,170,141 | ||||
| Ratio of earnings to fixed charges ((A) divided by (B)) | 2.00 | x | 1.77 | x | ||||
| Ratio of earnings to fixed charges and preferred stock dividends ((A) divided by (C)) | 1.99 | x | 1.76 | x | ||||