EX-12 2 exhibit12.htm EXHIBIT 12 exhibit12.htm
 
Exhibit 12
General Electric Company
Computation of Ratio of Earnings to Fixed Charges


 
Nine months
 
ended
 
September 30,
 
2013
(Dollars in millions)
(Unaudited)
     
General Electric Company and consolidated affiliates
   
Earnings(a)
$
11,221 
Plus:
   
   Interest and other financial charges included in expense(b)
 
7,700 
   One-third of rental expense(c)
 
404 
Adjusted “earnings”
$
19,325 
     
Fixed charges:
   
  Interest and other financial charges included in expense(b)
$
7,700 
  Interest capitalized
 
(21)
  One-third of rental expense(c)
 
404 
Total fixed charges
$
8,083 
     
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.