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
 


 
Three months
 
ended
 
March 31,
 
2011 
(Dollars in millions)
(Unaudited)
     
General Electric Company and consolidated affiliates
    
Earnings(a)
$
 7,303 
Plus:
    
   Interest and other financial charges included in expense(b)
  
 3,879 
  One-third of rental expense(c)
  
 142 
Adjusted “earnings”
$
 11,324 
     
Fixed charges:
    
  Interest and other financial charges included in expense(b)
$
 3,879 
  Interest capitalized
  
 6 
  One-third of rental expense(c)
  
 142 
Total fixed charges
$
 4,027 
     
Ratio of earnings to fixed charges
  
 2.81 
     
Preferred stock dividend requirements
$
 75 
     
Ratio of earnings before provision for income taxes to earnings from continuing operations
  
 2.12 
     
Preferred stock dividend factor on pre-tax basis
$
 159 
Fixed charges
  
 4,027 
Total fixed charges and preferred stock dividend requirements
$
 4,186 
     
Ratio of earnings to combined fixed charges and preferred stock dividends
  
 2.71 
     
     
(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.