EX-12.B 3 ex12b1q09.htm EXHIBIT 12(B) ex12b1q09.htm

Exhibit 12(b)

General Electric Company
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends

(Dollars in millions)
Three months
ended
March 31,
2009
(Unaudited)
       
General Electric Company and consolidated affiliates
        
Earnings(a)
  
$
2,588
  
Plus:
        
Interest and other financial charges included in expense(b)
    
5,327
  
One-third of rental expense(c)
    
149
  
         
Adjusted “earnings”
  
$
8,064
  
         
Fixed charges:
        
Interest and other financial charges(b)
  
$
5,327
  
Interest capitalized
    
13
  
One-third of rental expense(c)
    
149
  
         
Total fixed charges
  
$
5,489
  
         
Ratio of earnings to fixed charges
    
1.47
  
         
Preferred stock dividend requirements
  
$
75
  
         
Ratio of earnings before provision for income taxes to earnings from continuing operations
    
0.89
  
         
Preferred stock dividend factor for income taxes to earnings from continuing operations
        
         
Preferred stock dividend factor on pre-tax basis
   $
67
  
Fixed charges
    
5,489
  
         
Total fixed charges and preferred stock dividend requirements
  
$
5,556
  
         
Ratio of earnings to combined fixed charges and preferred stock dividends
    
1.45
  
         

(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.