EX-12.B 12 ex12b.htm ex12b.htm
Exhibit 12(b)

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


 
Years ended December 31
  
(Dollars in millions)
  
2008
    
2007
    
2006
    
2005
    
2004
  
     
   
    
   
    
   
    
   
    
   
General Electric Company and consolidated
                              
affiliates
                              
Earnings(a)
$
19,782
  
$
27,528
  
$
24,150
  
$
22,024
  
$
19,827
  
Plus:
                              
Interest and other financial charges included
                              
in expense(b)
  
26,295
    
24,103
    
19,104
    
14,884
    
11,532
  
One-third of rental expense(c)
  
477
    
648
    
592
    
589
    
546
  
                               
Adjusted “earnings”
$
46,554
  
$
52,279
  
$
43,846
  
$
37,497
  
$
31,905
  
                               
Fixed charges:
                              
Interest and other financial charges(b)
$
26,295
  
$
24,103
  
$
19,104
  
$
14,884
  
$
11,532
  
Interest capitalized
  
73
    
93
    
71
    
75
    
39
  
One-third of rental expense(c)
  
477
    
648
    
592
    
589
    
546
  
                               
Total fixed charges
$
26,845
  
$
24,844
  
$
19,767
  
$
15,548
  
$
12,117
  
                               
Ratio of earnings to fixed charges
  
1.73
    
2.10
    
2.22
    
2.41
    
2.63
  
                               
Preferred stock dividend requirements
$
75
  
$
0
  
$
0
  
$
0
  
$
0
  
                               
Ratio of earnings before provision for income taxes
                              
to earnings from continuing operations
  
1.06
    
1.19
    
1.20
    
1.22
    
1.23
  
                               
Preferred stock dividend factor for income taxes
                              
to earnings from continuing operations
                              
                               
Preferred stock dividend factor on pre-tax basis
  
80
    
–
    
–
    
–
    
–
  
Fixed charges
  
26,845
    
24,844
    
19,767
    
15,548
    
12,117
  
                               
Total fixed charges and preferred stock dividend
                              
requirements
$
26,925
  
$
24,844
  
$
19,767
  
$
15,548
  
$
12,117
  
                               
Ration of earnings to combined fixed charges and
                              
preferred stock dividends
  
1.73
    
2.10
    
2.22
    
2.41
    
2.63
  
                               

(a)
Earnings before income taxes, minority interest and discontinued operations.
(b)
Included interest on tax deficiencies.
(c)
Considered to be representative of interest factor in rental expense.