EX-99.D 9 ge8kaug2015ex99d.htm



Exhibit 99(d)
                             
General Electric Company
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
                             
 
Years ended December 31
(Dollars in millions)
 
2014
   
2013
   
2012
   
2011
   
2010
     
   
   
   
   
   
   
   
   
General Electric Company and
                           
   consolidated affiliates
                           
Earnings(a)
$
13,472
 
$
13,110
 
$
12,634
 
$
17,426
 
$
15,205
Plus:
                           
   Interest and other financial charges
                           
      included in expense(b)
 
9,482
   
10,116
   
12,407
   
14,422
   
15,431
   One-third of rental expense(c)
 
473
   
504
   
510
   
462
   
563
                             
Adjusted "earnings"
$
23,427
 
$
23,730
 
$
25,551
 
$
32,310
 
$
31,199
                             
Fixed charges:
                           
   Interest and other financial charges
                           
      included in expense(b)
$
9,482
 
$
10,116
 
$
12,407
 
$
14,422
 
$
15,431
   Interest capitalized
 
25
   
29
   
28
   
25
   
39
   One-third of rental expense(c)
 
473
   
504
   
510
   
462
   
563
                             
Total fixed charges
$
9,980
 
$
10,649
 
$
12,945
 
$
14,909
 
$
16,033
                             
Ratio of earnings to fixed charges
 
2.35
   
2.23
   
1.97
   
2.17
   
1.95
                             
Preferred stock dividend requirements
$
-
 
$
-
 
$
-
 
$
1,031
 
$
300
                             
Ratio of earnings before provision for
                           
   income taxes to earnings from
                           
   continuing operations
 
1.12
   
1.10
   
1.21
   
1.46
   
1.18
                             
Preferred stock dividend factor on pre-tax basis
$
-
 
$
-
 
$
-
 
$
1,505
 
$
354
Fixed charges
 
9,980
   
10,649
   
12,945
   
14,909
   
16,033
                             
Total fixed charges and preferred stock
                           
   dividend requirements
$
9,980
 
$
10,649
 
$
12,945
 
$
16,414
 
$
16,387
                             
Ratio of earnings to combined fixed
                           
   charges and preferred stock dividends
 
2.35
   
2.23
   
1.97
   
1.97
   
1.90
                             
(a) Earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.
(b) Included interest on tax deficiencies and interest on discontinued operations.

(c) Considered to be representative of interest factor in rental expense.