GENERAL ELECTRIC CO (GE) FY 2009 Income Statement

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GENERAL ELECTRIC CO
Ticker: GE Fiscal Year: 2009
Statement of Earnings
Period Ending Dec 31, 2009 10-K (Filed: Feb 19, 2010)
(In Millions, except shares in actual)
	12 Months Ended	12 Months Ended	12 Months Ended
	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007
Revenues
Sales of goods	$ 65,068 [1]	69,100	60,670
Sales of services	38,709	43,669	38,856
Other income (Note 17)	1,006	1,586	3,019
GECS earnings from continuing operations	0	0	0
GECS revenues from services (Note 18)	52,000	68,160	69,943
Total revenues	156,783	182,515	172,488

Costs and expenses (Note 19)
Cost of goods sold	50,580	54,602	47,309
Cost of services sold	25,341	29,170	25,816
Interest and other financial charges	18,769	26,209	23,762
Investment contracts, insurance losses and insurance annuity benefits	3,017	3,213	3,469
Provision for losses on financing receivables (Note 6)	10,928	7,518	4,431
Other costs and expenses	37,804	42,021	40,173
Total costs and expenses	146,439	162,733	144,960

Earnings (loss) from continuing operations before income taxes	10,344	19,782	27,528

Benefit (provision) for income taxes (Note 14)	1,090	(1,052)	(4,155)
Earnings from continuing operations	11,434	18,730	23,373

Loss from discontinued operations, net of taxes (Note 2)	(193)	(679)	(249)
Net earnings	11,241	18,051	23,124

Less net earnings attributable to noncontrolling interests	216	641	916
Net earnings attributable to the Company	11,025	17,410	22,208

Preferred stock dividends declared	(300)	(75)	0
Net earnings attributable to GE common shareowners	10,725	17,335	22,208

Amounts attributable to the Company
Earnings from continuing operations	11,218	18,089	22,457
Loss from discontinued operations, net of taxes	(193)	(679)	(249)
Net earnings attributable to the Company	11,025	17,410	22,208

Per-share amounts (Note 20)
Earnings from continuing operations
Diluted earnings per share	1.03	1.78	2.20
Basic earnings per share	1.03	1.79	2.21
Net earnings
Diluted earnings per share	1.01	1.72	2.17
Basic earnings per share	1.01	1.72	2.18
Dividends declared per share	0.61	1.24	1.15
Statements by entity
GE
Sales of goods	64,211	67,637	60,374
Sales of services	39,246	44,377	39,422
Other income (Note 17)	1,179	1,965	3,371
GECS earnings from continuing operations	1,590	7,774	12,417
GECS revenues from services (Note 18)	0	0	0
Total revenues	106,226	121,753	115,584

Cost of goods sold	49,886	53,395	47,103
Cost of services sold	25,878	29,878	26,382
Interest and other financial charges	1,478	2,153	1,993
Investment contracts, insurance losses and insurance annuity benefits	0	0	0
Provision for losses on financing receivables (Note 6)	0	0	0
Other costs and expenses	14,842	14,401	14,148
Total costs and expenses	92,084	99,827	89,626

Earnings (loss) from continuing operations before income taxes	14,142	21,926	25,958

Benefit (provision) for income taxes (Note 14)	(2,739)	(3,427)	(2,794)
Earnings from continuing operations	11,403	18,499	23,164

Loss from discontinued operations, net of taxes (Note 2)	(193)	(679)	(249)
Net earnings	11,210	17,820	22,915

Less net earnings attributable to noncontrolling interests	185	410	707
Net earnings attributable to the Company	11,025	17,410	22,208

Preferred stock dividends declared	(300)	(75)	0
Net earnings attributable to GE common shareowners	10,725	17,335	22,208

Earnings from continuing operations	11,218	18,089	22,457
Loss from discontinued operations, net of taxes	(193)	(679)	(249)
Net earnings attributable to the Company	11,025	17,410	22,208

Financial Services (GECS)
Sales of goods	970	1,773	718
Sales of services	0	0	0
Other income (Note 17)	0	0	0
GECS earnings from continuing operations	0	0	0
GECS revenues from services (Note 18)	53,193	69,514	71,218
Total revenues	54,163	71,287	71,936

Cost of goods sold	808	1,517	628
Cost of services sold	0	0	0
Interest and other financial charges	17,942	25,116	22,706
Investment contracts, insurance losses and insurance annuity benefits	3,193	3,421	3,647
Provision for losses on financing receivables (Note 6)	10,928	7,518	4,431
Other costs and expenses	23,500	28,085	26,537
Total costs and expenses	56,371	65,657	57,949

Earnings (loss) from continuing operations before income taxes	(2,208)	5,630	13,987

Benefit (provision) for income taxes (Note 14)	3,829	2,375	(1,361)
Earnings from continuing operations	1,621	8,005	12,626

Loss from discontinued operations, net of taxes (Note 2)	(175)	(719)	(2,116)
Net earnings	1,446	7,286	10,510

Less net earnings attributable to noncontrolling interests	31	231	209
Net earnings attributable to the Company	1,415	7,055	10,301

Preferred stock dividends declared	0	0	0
Net earnings attributable to GE common shareowners	1,415	7,055	10,301

Earnings from continuing operations	1,590	7,774	12,417
Loss from discontinued operations, net of taxes	(175)	(719)	(2,116)
Net earnings attributable to the Company	1,415	7,055	10,301

[1] See Note 3 for other-than-temporary impairment amounts.

External Links
GENERAL ELECTRIC CO (GE) Fiscal Year 2009
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GENERAL ELECTRIC CO

Ticker: GE Fiscal Year: 2009

Statement of Earnings

Period Ending Dec 31, 2009 10-K (Filed: Feb 19, 2010)