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Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
7th grade Avg
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Exhibit 12
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General Electric Company
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(Dollars in millions) | Years ended December 31 | |||||||||||||||
1999 |
| 2000 |
| 2001 |
| 2002 |
| 2003 |
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General Electric Company and consolidated affiliates | ||||||||||||||||
Earnings(a) | $ | 15,942 | $ | 18,873 | $ | 20,049 | $ | 19,217 | $ | 20,194 | ||||||
Plus: | Interest and other financial charges | 10,174 | 11,903 | 11,212 | 10,321 | 10,515 | ||||||||||
One-third of rental expense(b) | 558 | 608 | 566 | 584 | 542 | |||||||||||
Adjusted "earnings" | $ | 26,674 | $ | 31,384 | $ | 31,827 | $ | 30,122 | $ | 31,251 | ||||||
Fixed Charges: | ||||||||||||||||
Interest and other financial charges | $ | 10,174 | $ | 11,903 | $ | 11,212 | $ | 10,321 | $ | 10,515 | ||||||
Interest capitalized | 123 | 124 | 98 | 53 | 48 | |||||||||||
One-third of rental expense(b) | 558 | 608 | 566 | 584 | 542 | |||||||||||
Total fixed charges | $ | 10,855 | $ | 12,635 | $ | 11,876 | $ | 10,958 | $ | 11,105 | ||||||
Ratio of earnings to fixed charges | 2.46 | 2.48 | 2.68 | 2.75 | 2.81 | |||||||||||
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(a) Earnings before income taxes, minority interest and cumulative effect of accounting changes. |