EX-12.B 3 ge3q201812b.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
Nine months ended September 30, 2018
(Unaudited)
 
(Dollars in millions)
 
 
 
General Electric Company and consolidated affiliates
 
Earnings(a)
$
(20,813
)
Plus:
 
Interest and other financial charges included in expense(b)
3,895

One-third of rental expense(c)
437

Adjusted "earnings"
$
(16,481
)
 
 
Fixed charges:
 
Interest and other financial charges included in expense(b)
$
3,895

Interest capitalized
46

One-third of rental expense(c)
437

Total fixed charges
$
4,378

 
 
Ratio of earnings to fixed charges
(3.76
)
 
 
Preferred stock dividend requirements
$
260

 
 
Ratio of earnings before provision for
 
income taxes to earnings from
 
continuing operations
0.97

 
 
Preferred stock dividend factor on pre-tax basis
$
252

Fixed charges
4,378

 
 
Total fixed charges and preferred stock
 
dividend requirements
$
4,630

 
 
Ratio of earnings to combined fixed
 
charges and preferred stock dividends
(3.56
)
 
 
(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.