Exhibit 12(b)
General Electric Company
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Dollars in millions) | Six months ended June 30, 2010 (Unaudited) | ||
General Electric Company and consolidated affiliates | |||
Earnings(a) | $ | 6,760 | |
Plus: | |||
Interest and other financial charges included in expense(b) | 8,333 | ||
One-third of rental expense(c) | 286 | ||
Adjusted “earnings” | $ | 15,379 | |
Fixed charges: | |||
Interest and other financial charges included in expense(b) | $ | 8,333 | |
Interest capitalized | 20 | ||
One-third of rental expense(c) | 286 | ||
Total fixed charges | $ | 8,639 | |
Ratio of earnings to fixed charges | 1.78 | ||
Preferred stock dividend requirements | $ | 150 | |
Ratio of earnings before provision for income taxes to earnings from continuing operations | 1.23 | ||
Preferred stock dividend factor on pre-tax basis | $ | 185 | |
Fixed charges | 8,639 | ||
Total fixed charges and preferred stock dividend requirements | $ | 8,824 | |
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.74 | ||
(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. |