EX-12.B 3 ex12b.htm ex12b.htm
Exhibit 12(b)

General Electric Company
 
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
 


 
Six months
 
ended
 
June 30,
 
2009
(Dollars in millions)
(Unaudited)
     
General Electric Company and consolidated affiliates
    
Earnings(a)
$
 5,506 
Plus:
    
   Interest and other financial charges included in expense(b)
  
 9,980 
  One-third of rental expense(c)
  
 296 
     
Adjusted “earnings”
$
 15,782 
     
Fixed charges:
    
  Interest and other financial charges(b)
$
 9,980 
  Interest capitalized
  
 23 
  One-third of rental expense(c)
  
 296 
     
Total fixed charges
$
 10,299 
     
Ratio of earnings to fixed charges
  
 1.53 
     
Preferred stock dividend requirements
$
 150 
     
Ratio of earnings before provision for income taxes to earnings from continuing operations
  
 0.98 
     
Preferred stock dividend factor on pre-tax basis
$
 147 
Fixed charges
  
 10,299 
     
Total fixed charges and preferred stock dividend requirements
$
 10,446 
     
Ratio of earnings to combined fixed charges and preferred stock dividends
  
 1.51 
     

(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.