EX-12.B 6 ge10k2015ex12b.htm
Exhibit 12(b)
                             
General Electric Company
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
                             
 
Years ended December 31
(Dollars in millions)
 
2015
   
2014
   
2013
   
2012
   
2011
     
   
   
   
   
   
   
   
   
General Electric Company and
                           
   consolidated affiliates
                           
Earnings(a)
$
7,991
 
$
9,769
 
$
9,040
 
$
8,529
 
$
12,847
Plus:
                           
   Interest and other financial charges
                           
      included in expense(b)
 
8,366
   
9,482
   
10,116
   
12,407
   
14,422
   One-third of rental expense(c)
 
499
   
473
   
504
   
510
   
462
                             
Adjusted "earnings"
$
16,856
 
$
19,724
 
$
19,660
 
$
21,446
 
$
27,731
                             
Fixed charges:
                           
   Interest and other financial charges
                           
      included in expense(b)
$
8,366
 
$
9,482
 
$
10,116
 
$
12,407
 
$
14,422
   Interest capitalized
 
26
   
25
   
29
   
28
   
25
   One-third of rental expense(c)
 
499
   
473
   
504
   
510
   
462
                             
Total fixed charges
$
8,891
 
$
9,980
 
$
10,649
 
$
12,945
 
$
14,909
                             
Ratio of earnings to fixed charges
 
1.90
   
1.98
   
1.85
   
1.66
   
1.86
                             
Preferred stock dividend requirements
$
18
 
$
-
 
$
-
 
$
-
 
$
1,031
                             
Ratio of earnings before provision for
                           
   income taxes to earnings from
                           
   continuing operations
 
4.82
   
1.08
   
1.15
   
1.16
   
1.49
                             
Preferred stock dividend factor on pre-tax basis
$
87
 
$
-
 
$
-
 
$
-
 
$
1,536
Fixed charges
 
8,891
   
9,980
   
10,649
   
12,945
   
14,909
                             
Total fixed charges and preferred stock
                           
   dividend requirements
$
8,978
 
$
9,980
 
$
10,649
 
$
12,945
 
$
16,445
                             
Ratio of earnings to combined fixed
                           
   charges and preferred stock dividends
 
1.88
   
1.98
   
1.85
   
1.66
   
1.69
                             
(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.