General Electric (GE) 10-Q 2009 Q2 Quarterly report

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.