EX-12.A 8 geform10-k2017xex12a.htm EXHIBIT 12.A Exhibit



Exhibit 12(a)

General Electric Company
Computation of Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
Years ended December 31
(Dollars in millions)
2017

2016

2015

2014

2013

 
 
 
 
 
 
General Electric Company and
 
 
 
 
 
   consolidated affiliates
 
 
 
 
 
Earnings(a)
$
(8,875
)
$
8,689

$
7,991

$
9,769

$
9,040

Plus:
 
 
 
 
 
   Interest and other financial charges
 
 
 
 
 
      included in expense(b)
4,975

5,765

8,366

9,482

10,116

   One-third of rental expense(c)
511

432

499

473

504

 
 
 
 
 
 
Adjusted “earnings”
$
(3,389
)
$
14,886

$
16,856

$
19,724

$
19,660

 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
   Interest and other financial charges
 
 
 
 
 
      included in expense(b)
$
4,975

$
5,765

$
8,366

$
9,482

$
10,116

   Interest capitalized
42

35

26

25

29

   One-third of rental expense(c)
511

432

499

473

504

 
 
 
 
 
 
Total fixed charges
$
5,528

$
6,232

$
8,891

$
9,980

$
10,649

 
 
 
 
 
 
Ratio of earnings to fixed charges
-0.61

2.39

1.90

1.98

1.85


(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.