EX-12 2 ex12.htm EXHIBIT 12 Exhibit 12

Exhibit 12
General Electric Company
Ratio of Earnings to Fixed Charges

 
(Dollars in millions)
Three months ended
March 31, 2005
         
General Electric Company and consolidated affiliates
        
Earnings (a)
    
5,414
 
Plus:
Interest and other financial charges included in expense
    
3,803
  
 
One-third of rental expense (b)
    
161
  
Adjusted “earnings”
  
$
9,378
  
         
Fixed Charges:
        
 
Interest and other financial charges
    
3,803
  
 
Interest capitalized
    
26
  
 
One-third of rental expense (b)
    
161
  
         
Total fixed charges
  
$
3,990
  
         
Ratio of earnings to fixed charges
   
2.35
  
         

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