EX-12.B 4 ge10q3q16ex12b.htm

Exhibit 12(b)
     
General Electric Company
Computation of Ratio of Earnings to Fixed Charges and
Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
    
Nine months ended September 30, 2016
(Unaudited)
     
(Dollars in millions)
    
     
General Electric Company and consolidated affiliates
    
Earnings(a)
$
6,128
Plus:
    
   Interest and other financial charges included in expense(b)
  
4,677
   One-third of rental expense(c)
  
335
Adjusted "earnings"
$
11,140
     
Fixed charges:
    
   Interest and other financial charges included in expense(b)
$
4,677
   Interest capitalized
  
26
   One-third of rental expense(c)
  
335
Total fixed charges
$
5,038
     
Ratio of earnings to fixed charges
  
2.21
     
Preferred stock dividend requirements
$
474
     
Ratio of earnings before provision for
    
   income taxes to earnings from
    
   continuing operations
  
1.05
     
Preferred stock dividend factor on pre-tax basis
$
498
Fixed charges
  
5,038
     
Total fixed charges and preferred stock
    
   dividend requirements
$
5,536
     
Ratio of earnings to combined fixed
    
   charges and preferred stock dividends
  
2.01
     
(a)
Earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees.
(b)
Included interest on tax deficiencies and interest on discontinued operations.

(c)
Considered to be representative of interest factor in rental expense.