EX-12.A 4 ge10k2016ex12a.htm

Exhibit 12(a)
                             
General Electric Company
Computation of Ratio of Earnings to Fixed Charges
                             
 
Years ended December 31
(Dollars in millions)
  
2016
    
2015
    
2014
    
2013
    
2012
     
   
    
   
    
   
    
   
    
General Electric Company and
                            
   consolidated affiliates
                            
Earnings(a)
$
8,689
  
$
7,991
  
$
9,769
  
$
9,040
  
$
8,529
Plus:
                            
   Interest and other financial charges
                            
      included in expense(b)
  
5,765
    
8,366
    
9,482
    
10,116
    
12,407
   One-third of rental expense(c)
  
432
    
499
    
473
    
504
    
510
                             
Adjusted "earnings"
$
14,886
  
$
16,856
  
$
19,724
  
$
19,660
  
$
21,446
                             
Fixed charges:
                            
   Interest and other financial charges
                            
      included in expense(b)
$
5,765
  
$
8,366
  
$
9,482
  
$
10,116
  
$
12,407
   Interest capitalized
  
35
    
26
    
25
    
29
    
28
   One-third of rental expense(c)
  
432
    
499
    
473
    
504
    
510
                             
Total fixed charges
$
6,232
  
$
8,891
  
$
9,980
  
$
10,649
  
$
12,945
                             
Ratio of earnings to fixed charges
  
2.39
    
1.90
    
1.98
    
1.85
    
1.66
                             
(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.