Exhibit 12(b)
General Electric Company
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
Nine months | ||
ended | ||
September 30, | ||
2011 | ||
(Dollars in millions) | (Unaudited) | |
General Electric Company and consolidated affiliates | ||
Earnings(a) | $ | 14,723 |
Plus: | ||
Interest and other financial charges included in expense(b) | 11,309 | |
One-third of rental expense(c) | 423 | |
Adjusted “earnings” | $ | 26,455 |
Fixed charges: | ||
Interest and other financial charges included in expense(b) | $ | 11,309 |
Interest capitalized | 19 | |
One-third of rental expense(c) | 423 | |
Total fixed charges | $ | 11,751 |
Ratio of earnings to fixed charges | 2.25 | |
Preferred stock dividend requirements | $ | 1,031 |
Ratio of earnings before provision for income taxes to earnings from continuing operations | 1.51 | |
Preferred stock dividend factor on pre-tax basis | 1,557 | |
Fixed charges | 11,751 | |
Total fixed charges and preferred stock dividend requirements | $ | 13,308 |
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.99 | |
(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. |