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Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
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New words:
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Removed:
buyback, calculate, disclosed, enhanced, enter, flat, prospective, regularly, tender, venture, vest
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Exhibit 12(a) | |||
General Electric Company | |||
Computation of Ratio of Earnings to Fixed Charges | |||
Nine months ended September 30, 2017 | |||
(Unaudited) | |||
(Dollars in millions) | |||
General Electric Company and consolidated affiliates | |||
Earnings(a) | $ | 3,598 | |
Plus: | |||
Interest and other financial charges included in expense(b) | 3,633 | ||
One-third of rental expense(c) | 377 | ||
Adjusted "earnings" | $ | 7,608 | |
Fixed charges: | |||
Interest and other financial charges included in expense(b) | $ | 3,633 | |
Interest capitalized | 31 | ||
One-third of rental expense(c) | 377 | ||
Total fixed charges | $ | 4,041 | |
Ratio of earnings to fixed charges | 1.88 | ||
(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. |