EX-12 2 ex12.htm Exhibit 12

Exhibit 12

General Electric Company
Ratio of Earnings to Fixed Charges

 

  

(Dollars in millions)

Six months ended
June 30, 2004
 

General Electric Company and consolidated affiliates

      

Earnings (a)

$

9,232

Plus:

Interest and other financial charges included in expense

  

5,589

  
 

One-third of rental expense (b)

  

270

  

 

  

 

Adjusted "earnings"

$

15,091

  

 

  

 

Fixed Charges:

      

 

Interest and other financial charges

$

5,589

  

 

Interest capitalized

  

50

  

 

One-third of rental expense (b)

  

270

  

 

  

 

Total fixed charges

$

5,909

  

 

  

 

Ratio of earnings to fixed charges

 

2.55

  

 

 

(a) Earnings before income taxes, minority interest and accounting change.
(b) Considered to be representative of interest factor in rental expense.