EX-12 2 ge3q14_ex12.htm

Exhibit 12
General Electric Company
 Computation of Ratio of Earnings to Fixed Charges

 
Nine months
 
 
ended
 
September 30, 2014
(Dollars in millions)
(Unaudited)
 
 
 
General Electric Company and consolidated affiliates
 
 
Earnings(a)
$
 10,745
Plus:
 
 
   Interest and other financial charges included in expense(b)
 
 7,116
   One-third of rental expense(c)
 
 370
Adjusted "earnings"
$
 18,231
 
 
 
Fixed charges:
 
 
  Interest and other financial charges included in expense(b)
$
 7,116
  Interest capitalized
 
 20
  One-third of rental expense(c)
 
 370
Total fixed charges
$
 7,506
 
 
 
Ratio of earnings to fixed charges
 
 2.43
 
 
 
(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.

(84)