Exhibit 12(b)
General Electric Company
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Six months | ||
ended | ||
June 30, | ||
2009 | ||
(Dollars in millions) | (Unaudited) | |
General Electric Company and consolidated affiliates | ||
Earnings(a) | $ | 5,506 |
Plus: | ||
Interest and other financial charges included in expense(b) | 9,980 | |
One-third of rental expense(c) | 296 | |
Adjusted “earnings” | $ | 15,782 |
Fixed charges: | ||
Interest and other financial charges(b) | $ | 9,980 |
Interest capitalized | 23 | |
One-third of rental expense(c) | 296 | |
Total fixed charges | $ | 10,299 |
Ratio of earnings to fixed charges | 1.53 | |
Preferred stock dividend requirements | $ | 150 |
Ratio of earnings before provision for income taxes to earnings from continuing operations | 0.98 | |
Preferred stock dividend factor on pre-tax basis | $ | 147 |
Fixed charges | 10,299 | |
Total fixed charges and preferred stock dividend requirements | $ | 10,446 |
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.51 | |
(a) | Earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees. |
(b) | Included interest on tax deficiencies. |
(c) | Considered to be representative of interest factor in rental expense. |