|
Exhibit
12 |
General
Electric Company
Ratio
of Earnings to Fixed Charges
|
| (Dollars in
millions) |
Three
months ended
March 31, 2000
|
| GE except
GECS |
|
|
|
| Earnings (a) |
|
$3,521 |
|
| Less: |
Equity in undistributed
earnings of General Electric |
|
|
|
| |
Capital Services, Inc.
(b) |
|
(769) |
|
| Plus: |
Interest and other financial |
|
|
|
| |
charges included in expense |
|
253 |
|
| |
One-third of rental expense
(c) |
|
51 |
|
| |
|
|
|
|
| Adjusted "earnings" |
|
$3,056 |
|
| |
|
|
|
|
| Fixed Charges: |
|
|
|
| |
Interest and other financial
charges |
|
$253 |
|
| |
Interest capitalized |
|
0 |
|
| |
One-third of rental expense
(c) |
|
51 |
|
| |
|
|
|
|
| Total fixed
charges |
|
$304 |
|
| |
|
|
|
|
| Ratio of earnings
to fixed charges |
|
10.05 |
|
| |
|
|
|
|
| General
Electric Company and consolidated affiliates |
|
|
|
| Earnings (a) |
|
$4,107 |
|
| Plus: |
Interest and other financial
charges |
|
|
|
| |
included in expense |
|
2,857 |
|
| |
One-third of rental expense
(c) |
|
158 |
|
| |
|
|
|
|
| Adjusted "earnings" |
|
$7,122 |
|
| |
|
|
|
|
| Fixed Charges: |
|
|
|
| |
Interest and other financial
charges |
|
$2,857 |
|
| |
Interest capitalized |
|
25 |
|
| |
One-third of rental expense
(c) |
|
158 |
|
| |
|
|
|
|
| Total fixed
charges |
|
$3,040 |
|
| |
|
|
|
|
| Ratio of earnings
to fixed charges |
|
2.34 |
|
| |
|
|
|
|
(a) Earnings
before income taxes and minority interest.
(b) Earnings after income taxes, net of dividends.
(c) Considered to be representative of interest factor
in rental expense. |
