General Electric (GE) 10-Q 2009 Q3 Quarterly report

Exhibit 12(b)

General Electric Company

Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

	Nine months
	ended
	September 30,
	2009
(Dollars in millions)	(Unaudited)
General Electric Company and consolidated affiliates
Earnings(a)	$	7,606
Plus:
Interest and other financial charges included in expense(b)		14,302
One-third of rental expense(c)		437
Adjusted “earnings”	$	22,345
Fixed charges:
Interest and other financial charges included in expense(b)	$	14,302
Interest capitalized		32
One-third of rental expense(c)		437
Total fixed charges	$	14,771
Ratio of earnings to fixed charges		1.51
Preferred stock dividend requirements	$	225
Ratio of earnings before provision for income taxes to earnings from continuing operations		0.93
Preferred stock dividend factor on pre-tax basis	$	209
Fixed charges		14,771
Total fixed charges and preferred stock dividend requirements	$	14,980
Ratio of earnings to combined fixed charges and preferred stock dividends		1.49

(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.