Exhibit 12(b)
General Electric Company
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Dollars in millions) | Three months ended March 31, 2009 (Unaudited) | |||
General Electric Company and consolidated affiliates | ||||
Earnings(a) | $ | 2,588 | ||
Plus: | ||||
Interest and other financial charges included in expense(b) | 5,327 | |||
One-third of rental expense(c) | 149 | |||
Adjusted “earnings” | $ | 8,064 | ||
Fixed charges: | ||||
Interest and other financial charges(b) | $ | 5,327 | ||
Interest capitalized | 13 | |||
One-third of rental expense(c) | 149 | |||
Total fixed charges | $ | 5,489 | ||
Ratio of earnings to fixed charges | 1.47 | |||
Preferred stock dividend requirements | $ | 75 | ||
Ratio of earnings before provision for income taxes to earnings from continuing operations | 0.89 | |||
Preferred stock dividend factor for income taxes to earnings from continuing operations | ||||
Preferred stock dividend factor on pre-tax basis | $ | 67 | ||
Fixed charges | 5,489 | |||
Total fixed charges and preferred stock dividend requirements | $ | 5,556 | ||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.45 | |||
(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. |