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, 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 | ||
Preferred stock dividend requirements | $ | 252 | |
Ratio of earnings before provision for | |||
income taxes to earnings from | |||
continuing operations | 0.93 | ||
Preferred stock dividend factor on pre-tax basis | $ | 233 | |
Fixed charges | 4,041 | ||
Total fixed charges and preferred stock | |||
dividend requirements | $ | 4,274 | |
Ratio of earnings to combined fixed | |||
charges and preferred stock dividends | 1.78 | ||
(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. |