EX-12.A 3 ge2011exhibit12a.htm GE 2011 10K FORM - EXHIBIT 12(A) ge2011exhibit12a.htm
 
 
 

Exhibit 12(a)
General Electric Company
Computation of Ratio of Earnings to Fixed Charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Years ended December 31
(Dollars in millions)
 
2011 
 
 
2010 
 
 
2009 
 
 
2008 
 
 
2007 
 
 
 
   
 
 
   
 
 
   
 
 
   
 
 
General Electric Company and
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   consolidated affiliates
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Earnings(a)
$
18,887 
 
$
13,624 
 
$
9,668 
 
$
19,681 
 
$
27,403 
Plus:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Interest and other financial charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      included in expense(b)
 
14,545 
 
 
15,553 
 
 
17,697 
 
 
24,344 
 
 
22,344 
   One-third of rental expense(c)
 
528 
 
 
570 
 
 
604 
 
 
474 
 
 
645 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Adjusted “earnings”
$
33,960 
 
$
29,747 
 
$
27,969 
 
$
44,499 
 
$
50,392 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
   Interest and other financial charges
 
 
 
 
 
 
 
 
 
 
 
 
 
 
      included in expense(b)
$
14,545 
 
$
15,553 
 
$
17,697 
 
$
24,344 
 
$
22,344 
   Interest capitalized
 
25 
 
 
39 
 
 
42 
 
 
73 
 
 
93 
   One-third of rental expense(c)
 
528 
 
 
570 
 
 
604 
 
 
474 
 
 
645 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total fixed charges
$
15,098 
 
$
16,162 
 
$
18,343 
 
$
24,891 
 
$
23,082 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
2.25 
 
 
1.84 
 
 
1.52 
 
 
1.79 
 
 
2.18 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(a)
Earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.
 
(b)
Included interest on tax deficiencies.
 
(c)
Considered to be representative of interest factor in rental expense.