Exhibit 12(b) | ||
General Electric Company | ||
Computation of Ratio of Earnings to Fixed Charges and | ||
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends | ||
Six months ended June 30, 2016 | ||
(Unaudited) | ||
(Dollars in millions) | ||
General Electric Company and consolidated affiliates | ||
Earnings(a) | $ | 4,075 |
Plus: | ||
Interest and other financial charges included in expense(b) | 3,596 | |
One-third of rental expense(c) | 227 | |
Adjusted "earnings" | $ | 7,898 |
Fixed charges: | ||
Interest and other financial charges included in expense(b) | $ | 3,596 |
Interest capitalized | 18 | |
One-third of rental expense(c) | 227 | |
Total fixed charges | $ | 3,841 |
Ratio of earnings to fixed charges | 2.06 | |
Preferred stock dividend requirements | $ | 441 |
Ratio of earnings before provision for | ||
income taxes to earnings from | ||
continuing operations | 1.09 | |
Preferred stock dividend factor on pre-tax basis | $ | 481 |
Fixed charges | 3,841 | |
Total fixed charges and preferred stock | ||
dividend requirements | $ | 4,322 |
Ratio of earnings to combined fixed | ||
charges and preferred stock dividends | 1.83 | |
(a) | Earnings 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. |