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?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
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H.S. freshman Avg
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New words:
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Removed:
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Exhibit 12 | ||
General Electric Company | ||
Computation of Ratio of Earnings to Fixed Charges | ||
Three months ended March 31, 2015 | ||
(Unaudited) | ||
(Dollars in millions) | ||
General Electric Company and consolidated affiliates | ||
Loss(a) | $ | (5,089) |
Plus: | ||
Interest and other financial charges included in expense(b) | 2,167 | |
One-third of rental expense(c) | 289 | |
Adjusted "losses" | $ | (2,633) |
Fixed charges: | ||
Interest and other financial charges included in expense(b) | $ | 2,167 |
Interest capitalized | 6 | |
One-third of rental expense(c) | 289 | |
Total fixed charges | $ | 2,462 |
Ratio of earnings to fixed charges(d) | - | |
(a) | Loss before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees. |
(b) | Included interest on tax deficiencies and interest on discontinued operations. |
(c) | Considered to be representative of interest factor in rental expense. |
(d) | For the three months ended March 31, 2015, in connection with the GE Capital Exit Plan, we incurred loss from operations, and as a result, our earnings were insufficient to cover our fixed charges by $5,095 million. |