EX-12 3 ex12.htm EXHIBIT 12 Exhibit 12

Exhibit 12

General Electric Company
Ratio of Earnings to Fixed Charges

 

  

(Dollars in millions)

Nine months ended
September 30, 2004
 

General Electric Company and consolidated affiliates

      

Earnings (a)

$

14,590

Plus:

Interest and other financial charges included in expense

  

8,548

  
 

One-third of rental expense (b)

  

407

  

 

  

 

Adjusted "earnings"

$

23,545

  

 

  

 

Fixed Charges:

      

 

Interest and other financial charges

$

8,548

  

 

Interest capitalized

  

69

  

 

One-third of rental expense (b)

  

407

  

 

  

 

Total fixed charges

$

9,024

  

 

  

 

Ratio of earnings to fixed charges

 

2.61

  

 

 

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