Attached files
| file | filename |
|---|---|
| 10-Q - GENERAL ELECTRIC CO | ge10q1q2017.htm |
| EX-32 - GENERAL ELECTRIC CO | ge10q1q2017ex32.htm |
| EX-31.B - GENERAL ELECTRIC CO | ge10q1q2017ex31b.htm |
| EX-31.A - GENERAL ELECTRIC CO | ge10q1q2017ex31a.htm |
| EX-12.A - GENERAL ELECTRIC CO | ge10q1q2017ex12a.htm |
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Exhibit 12(b)
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General Electric Company
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Computation of Ratio of Earnings to Fixed Charges and
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Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
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Three months ended March 31, 2017
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(Unaudited)
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(Dollars in millions)
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General Electric Company and consolidated affiliates
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Earnings(a)
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$
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768
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Plus:
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Interest and other financial charges included in expense(b)
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1,139
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One-third of rental expense(c)
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126
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Adjusted "earnings"
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$
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2,033
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Fixed charges:
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Interest and other financial charges included in expense(b)
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$
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1,139
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Interest capitalized
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9
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One-third of rental expense(c)
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126
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Total fixed charges
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$
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1,274
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Ratio of earnings to fixed charges
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1.60
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Preferred stock dividend requirements
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$
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34
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Ratio of earnings before provision for
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income taxes to earnings from
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continuing operations
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1.02
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Preferred stock dividend factor on pre-tax basis
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$
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35
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Fixed charges
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1,274
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Total fixed charges and preferred stock
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dividend requirements
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$
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1,309
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Ratio of earnings to combined fixed
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charges and preferred stock dividends
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1.55
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| (a) |
Earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.
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| (b) |
Included interest on tax deficiencies and interest on discontinued operations.
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| (c) |
Considered to be representative of interest factor in rental expense.
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