Exhibit 12 | |
General Electric Company Ratio of Earnings to Fixed Charges | |
| |
(Dollars in millions) | Six months ended |
GE except GECS | ||||
Earnings (a) | $ | 8,721 | ||
Less: | Equity in undistributed earnings of General Electric Capital Services, Inc. (b) | (2,944 | ) | |
Plus: | Interest and other financial charges included in expense | 423 | ||
One-third of rental expense (c) | 129 | |||
Adjusted "earnings" | $ | 6,329 | ||
Fixed Charges: | ||||
Interest and other financial charges | $ | 423 | ||
Interest capitalized | 10 | |||
One-third of rental expense (c) | 129 | |||
Total fixed charges | $ | 562 | ||
Ratio of earnings to fixed charges | 11.26 | |||
General Electric Company and consolidated affiliates | ||||
Earnings (a) | $ | 9,401 | ||
Plus: | Interest and other financial charges included in expense | 5,324 | ||
One-third of rental expense (c) | 282 | |||
Adjusted "earnings" | $ | 15,007 | ||
Fixed Charges: | ||||
Interest and other financial charges | $ | 5,324 | ||
Interest capitalized | 25 | |||
One-third of rental expense (c) | 282 | |||
Total fixed charges | $ | 5,631 | ||
Ratio of earnings to fixed charges | 2.67 | |||
(a) Earnings before income taxes, minority interest and accounting changes. |