Exhibit 12(a)
General Electric Company
Computation of Ratio of Earnings to Fixed Charges
| Years ended December 31 | ||||||||||||||||||||
| (Dollars in millions) | 2010 | 2009 | 2008 | 2007 | 2006 | |||||||||||||||
General Electric Company and consolidated affiliates | ||||||||||||||||||||
Earnings(a) | $ | 13,747 | $ | 9,799 | $ | 19,770 | $ | 27,473 | $ | 24,057 | ||||||||||
Plus: | ||||||||||||||||||||
Interest and other financial charges included in expense(b) | 15,983 | 18,309 | 25,844 | 23,729 | 18,877 | |||||||||||||||
One-third of rental expense(c) | 455 | 605 | 476 | 646 | 591 | |||||||||||||||
Adjusted “earnings” | $ | 30,185 | $ | 28,713 | $ | 46,090 | $ | 51,848 | $ | 43,525 | ||||||||||
Fixed charges: | ||||||||||||||||||||
Interest and other financial charges included in expense(b) | $ | 15,983 | $ | 18,309 | $ | 25,844 | $ | 23,729 | $ | 18,877 | ||||||||||
Interest capitalized | 39 | 42 | 73 | 93 | 71 | |||||||||||||||
One-third of rental expense(c) | 455 | 605 | 476 | 646 | 591 | |||||||||||||||
Total fixed charges | $ | 16,477 | $ | 18,956 | $ | 26,393 | $ | 24,468 | $ | 19,539 | ||||||||||
Ratio of earnings to fixed charges | 1.83 | 1.51 | 1.75 | 2.12 | 2.23 | |||||||||||||||
| (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. |