|
Exhibit
12 |
General
Electric Company
Ratio of Earnings to Fixed Charges |
| (Dollars in
millions) |
Six
months ended
June 30, 2000
|
| GE except
GECS |
|
|
|
| Earnings (a) |
|
$8,044 |
|
| Less: |
Equity in undistributed
earnings of General Electric |
|
|
|
| |
Capital Services, Inc.
(b) |
|
(1,605) |
|
| Plus: |
Interest and other
financial |
|
|
|
| |
charges included in
expense |
|
512 |
|
| |
One-third of rental
expense (c) |
|
101 |
|
| |
|
|
|
|
| Adjusted
"earnings" |
|
$7,052 |
|
| |
|
|
|
|
| Fixed
Charges: |
|
|
|
| |
Interest and other
financial charges |
|
$512 |
|
| |
One-third of rental
expense (c) |
|
101 |
|
| |
|
|
|
|
| Total fixed
charges |
|
$613 |
|
| |
|
|
|
|
| Ratio of
earnings to fixed charges |
|
11.50 |
|
| |
|
|
|
|
| General
Electric Company and consolidated affiliates |
|
|
|
| Earnings (a) |
|
$9,103 |
|
| Plus: |
Interest and other
financial charges |
|
|
|
| |
included in expense |
|
5,907 |
|
| |
One-third of rental
expense (c) |
|
307 |
|
| |
|
|
|
|
| Adjusted
"earnings" |
|
$15,317 |
|
| |
|
|
|
|
| Fixed
Charges: |
|
|
|
| |
Interest and other
financial charges |
|
$5,907 |
|
| |
Interest capitalized |
|
54 |
|
| |
One-third of rental
expense (c) |
|
307 |
|
| |
|
|
|
|
| Total fixed
charges |
|
$6,268 |
|
| |
|
|
|
|
| Ratio of
earnings to fixed charges |
|
2.44 |
|
| |
|
|
|
|
(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. |
