General Electric (GE) 10-Q 2013 Q3 Quarterly report

Exhibit 12

General Electric Company

Computation of Ratio of Earnings to Fixed Charges

	Nine months
	ended
	September 30,
	2013
(Dollars in millions)	(Unaudited)
General Electric Company and consolidated affiliates
Earnings(a)	$	11,221
Plus:
Interest and other financial charges included in expense(b)		7,700
One-third of rental expense(c)		404
Adjusted “earnings”	$	19,325
Fixed charges:
Interest and other financial charges included in expense(b)	$	7,700
Interest capitalized		(21)
One-third of rental expense(c)		404
Total fixed charges	$	8,083
Ratio of earnings to fixed charges		2.39

(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.