Exhibit 12
General Electric Company
Ratio of Earnings to Fixed Charges
(Dollars in millions) | Nine months ended September 30, 2000 | |||
GE except GECS | ||||
Earnings (a) | $12,086 | |||
Less: | Equity in undistributed earnings of General Electric | |||
Capital Services, Inc. (b) | (2,573) | |||
Plus: | Interest and other financial | |||
charges included in expense | 660 | |||
One-third of rental expense (c) | 152 | |||
Adjusted "earnings" | $10,325 | |||
Fixed Charges: | ||||
Interest and other financial charges | $660 | |||
Interest capitalized | 1 | |||
One-third of rental expense (c) | 152 | |||
Total fixed charges | $813 | |||
Ratio of earnings to fixed charges | 12.70 | |||
General Electric Company and consolidated affiliates | ||||
Earnings (a) | $13,743 | |||
Plus: | Interest and other financial charges | |||
included in expense | 8,794 | |||
One-third of rental expense (c) | 451 | |||
Adjusted "earnings" | $22,988 | |||
Fixed Charges: | ||||
Interest and other financial charges | $8,794 | |||
Interest capitalized | 91 | |||
One-third of rental expense (c) | 451 | |||
Total fixed charges | $9,336 | |||
Ratio of earnings to fixed charges | 2.46 | |||
(a) Earnings before income taxes and minority interest. (b) Earnings after income taxes, net of dividends. (c) Considered to be representative of interest factor in rental expense. |