Exhibit 12(b)
General Electric Company
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Six months | ||
ended | ||
June 30, | ||
2011 | ||
(Dollars in millions) | (Unaudited) | |
General Electric Company and consolidated affiliates | ||
Earnings(a) | $ | 11,363 |
Plus: | ||
Interest and other financial charges included in expense(b) | 7,574 | |
One-third of rental expense(c) | 283 | |
Adjusted “earnings” | $ | 19,220 |
Fixed charges: | ||
Interest and other financial charges included in expense(b) | $ | 7,574 |
Interest capitalized | 13 | |
One-third of rental expense(c) | 283 | |
Total fixed charges | $ | 7,870 |
Ratio of earnings to fixed charges | 2.44 | |
Preferred stock dividend requirements | $ | 150 |
Ratio of earnings before provision for income taxes to earnings from continuing operations | 1.68 | |
Preferred stock dividend factor on pre-tax basis | $ | 252 |
Fixed charges | 7,870 | |
Total fixed charges and preferred stock dividend requirements | $ | 8,122 |
Ratio of earnings to combined fixed charges and preferred stock dividends | 2.37 | |
(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. |