EX-12 3 exhibit12.htm EXHIBIT 12 exhibit12.htm
 
 
 
Exhibit 12
General Electric Company
Computation of Ratio of Earnings to Fixed Charges


 
Six months
 
ended
 
June 30,
 
2013
(Dollars in millions)
(Unaudited)
     
General Electric Company and consolidated affiliates
   
Earnings(a)
$
7,699
Plus:
   
   Interest and other financial charges included in expense(b)
 
5,238
   One-third of rental expense(c)
 
271
Adjusted “earnings”
$
13,208
     
Fixed charges:
   
  Interest and other financial charges included in expense(b)
$
 5,238
  Interest capitalized
 
 14
  One-third of rental expense(c)
 
 271
Total fixed charges
$
 5,523
     
Ratio of earnings to fixed charges
 
 2.39
     
     
(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.
 


 
(1)