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10-Q/A Filing
General Electric (GE) 10-Q/A2016 Q3 Quarterly report (amended)
Filed: 9 Nov 16, 12:00am
Exhibit 12(a) | ||
General Electric Company | ||
Computation of Ratio of Earnings to Fixed Charges | ||
Nine months ended September 30, 2016 | ||
(Unaudited) | ||
(Dollars in millions) | ||
General Electric Company and consolidated affiliates | ||
Earnings(a) | $ | 6,128 |
Plus: | ||
Interest and other financial charges included in expense(b) | 4,677 | |
One-third of rental expense(c) | 335 | |
Adjusted "earnings" | $ | 11,140 |
Fixed charges: | ||
Interest and other financial charges included in expense(b) | $ | 4,677 |
Interest capitalized | 26 | |
One-third of rental expense(c) | 335 | |
Total fixed charges | $ | 5,038 |
Ratio of earnings to fixed charges | 2.21 | |
(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. |
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