| Exhibit 12(b) | ||||||||||||||
| General Electric Company | ||||||||||||||
| Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | ||||||||||||||
| Years ended December 31 | ||||||||||||||
| (Dollars in millions) | 2012 | 2011 | 2010 | 2009 | 2008 | |||||||||
| General Electric Company and | ||||||||||||||
consolidated affiliates | ||||||||||||||
| Earnings(a) | $ | 15,583 | $ | 19,046 | $ | 13,726 | $ | 9,752 | $ | 19,680 | ||||
| Plus: | ||||||||||||||
Interest and other financial charges | ||||||||||||||
included in expense(b) | 12,508 | 14,528 | 15,537 | 17,667 | 24,121 | |||||||||
One-third of rental expense(c) | 577 | 528 | 570 | 604 | 473 | |||||||||
| Adjusted “earnings” | $ | 28,668 | $ | 34,102 | $ | 29,833 | $ | 28,023 | $ | 44,274 | ||||
| Fixed charges: | ||||||||||||||
Interest and other financial charges | ||||||||||||||
included in expense(b) | $ | 12,508 | $ | 14,528 | $ | 15,537 | $ | 17,667 | $ | 24,121 | ||||
Interest capitalized | 28 | 25 | 39 | 42 | 73 | |||||||||
One-third of rental expense(c) | 577 | 528 | 570 | 604 | 473 | |||||||||
| Total fixed charges | $ | 13,113 | $ | 15,081 | $ | 16,146 | $ | 18,313 | $ | 24,667 | ||||
| Ratio of earnings to fixed charges | 2.19 | 2.26 | 1.85 | 1.53 | 1.79 | |||||||||
| Preferred stock dividend requirements | $ | – | $ | 1,031 | $ | 300 | $ | 300 | $ | 75 | ||||
| Ratio of earnings before provision for | ||||||||||||||
income taxes to earnings from | ||||||||||||||
continuing operations | 1.17 | 1.40 | 1.08 | 0.90 | 1.07 | |||||||||
| Preferred stock dividend factor on | ||||||||||||||
pre-tax basis | $ | – | $ | 1,443 | $ | 324 | $ | 270 | $ | 80 | ||||
| Fixed charges | 13,113 | 15,081 | 16,146 | 18,313 | 24,667 | |||||||||
| Total fixed charges and preferred stock | ||||||||||||||
dividend requirements | $ | 13,113 | $ | 16,524 | $ | 16,470 | $ | 18,583 | $ | 24,747 | ||||
| Ratio of earnings to combined fixed | ||||||||||||||
charges and preferred stock dividends | 2.19 | 2.06 | 1.81 | 1.51 | 1.79 | |||||||||
| (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. |