Attached files
| file | filename |
|---|---|
| 10-K - 10-K - General Motors Co | gm201610k.htm |
| EX-99.1 - EXHIBIT - SGM AUDITED FINANCIAL STATEMENTS - General Motors Co | ex-991sgmfsx12312016.htm |
| EX-32 - EXHIBIT - SECTION 1350 CERTIFICATION - General Motors Co | ex-32x12312016.htm |
| EX-31.2 - EXHIBIT - SECTION 302 CERTIFICATION OF CFO - General Motors Co | ex-312x12312016.htm |
| EX-31.1 - EXHIBIT - SECTION 302 CERTIFICATION OF CEO - General Motors Co | ex-311x12312016.htm |
| EX-24 - EXHIBIT - POA - General Motors Co | ex-24x12312016.htm |
| EX-23.2 - EXHIBIT - CONSENT - General Motors Co | ex-232x12312016.htm |
| EX-23.1 - EXHIBIT - CONSENT - General Motors Co | ex-231x12312016.htm |
| EX-21 - EXHIBIT - SUBSIDIARIES - General Motors Co | ex-21x12312016.htm |
Exhibit 12
GENERAL MOTORS COMPANY AND SUBSIDIARIES
COMPUTATIONS OF RATIO OF EARNINGS TO FIXED CHARGES AND RATIO OF EARNINGS TO COMBINED FIXED CHARGES AND PREFERRED STOCK DIVIDENDS
(Dollars in millions)
Years Ended December 31, | |||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||
Income from continuing operations before income taxes and equity income | $ | 9,402 | $ | 5,524 | $ | 2,152 | $ | 5,648 | $ | (30,257 | ) | ||||||||
Fixed charges excluding capitalized interest | 2,776 | 2,164 | 1,925 | 1,206 | 943 | ||||||||||||||
Amortization of capitalized interest | 31 | 24 | 22 | 18 | 12 | ||||||||||||||
Dividends from nonconsolidated affiliates | 2,131 | 2,127 | 1,827 | 661 | 1,544 | ||||||||||||||
Earnings available for fixed charges | $ | 14,340 | $ | 9,839 | $ | 5,926 | $ | 7,533 | $ | (27,758 | ) | ||||||||
Interest and related charges on debt | $ | 2,680 | $ | 2,044 | $ | 1,798 | $ | 1,070 | $ | 805 | |||||||||
Portion of rentals deemed to be interest | 96 | 119 | 127 | 136 | 138 | ||||||||||||||
Interest capitalized in period | 140 | 101 | 70 | 81 | 117 | ||||||||||||||
Total fixed charges | 2,916 | 2,264 | 1,995 | 1,287 | 1,060 | ||||||||||||||
Preferred stock dividends grossed up to a pre-tax basis | 1,281 | 2,528 | 859 | ||||||||||||||||
Combined fixed charges and preferred stock dividends | $ | 2,916 | $ | 2,264 | $ | 3,276 | $ | 3,815 | $ | 1,919 | |||||||||
Ratio of earnings to fixed charges | 4.92 | 4.35 | 2.97 | 5.85 | |||||||||||||||
Ratio of earnings to combined fixed charges and preferred stock dividends | 1.81 | 1.97 | |||||||||||||||||
Earnings in the year ended December 31, 2012 were inadequate to cover fixed charges by $28.8 billion and combined fixed charges and preferred stock dividends by $29.7 billion.