EX-12.B 3 ge2q201712b.htm EXHIBIT 12.B Exhibit


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
Six months ended June 30, 2017
(Unaudited)
 
(Dollars in millions)
 
 
 
General Electric Company and consolidated affiliates
 
Earnings(a)
$
2,194

Plus:
 
Interest and other financial charges included in expense(b)
2,313

One-third of rental expense(c)
252

Adjusted "earnings"
$
4,759

 
 
Fixed charges:
 
Interest and other financial charges included in expense(b)
$
2,313

Interest capitalized
21

One-third of rental expense(c)
252

Total fixed charges
$
2,586

 
 
Ratio of earnings to fixed charges
1.84

 
 
Preferred stock dividend requirements
$
216

 
 
Ratio of earnings before provision for
 
income taxes to earnings from
 
continuing operations
1.84

 
 
Preferred stock dividend factor on pre-tax basis
$
219

Fixed charges
2,586

 
 
Total fixed charges and preferred stock
 
dividend requirements
$
2,805

 
 
Ratio of earnings to combined fixed
 
charges and preferred stock dividends
1.70

 
 
*
(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.