Exhibit 12(b)
General Electric Company
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
(Dollars in millions) | Nine months ended September 30, 2010 (Unaudited) | |||
General Electric Company and consolidated affiliates | ||||
Earnings(a) | $ | 10,529 | ||
Plus: | ||||
Interest and other financial charges included in expense(b) | 12,371 | |||
One-third of rental expense(c) | 421 | |||
Adjusted “earnings” | $ | 23,321 | ||
Fixed charges: | ||||
Interest and other financial charges included in expense(b) | $ | 12,371 | ||
Interest capitalized | 31 | |||
One-third of rental expense(c) | 421 | |||
Total fixed charges | $ | 12,823 | ||
Ratio of earnings to fixed charges | 1.82 | |||
Preferred stock dividend requirements | $ | 225 | ||
Ratio of earnings before provision for income taxes to earnings from continuing operations | 1.18 | |||
Preferred stock dividend factor on pre-tax basis | $ | 266 | ||
Fixed charges | 12,823 | |||
Total fixed charges and preferred stock dividend requirements | $ | 13,089 | ||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.78 | |||
(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. |