GENERAL ELECTRIC CO (GE) FY 2010 Income Statement

10-K.Info (Beta Test)

Courtesy of Short Sands, LLC

2009	2010	2011	2012	2013	2014	2015
2016	2017	2018	2019	2020	2021	2022

10-K.Info (Beta Test) Courtesy of Short Sands, LLC
GENERAL ELECTRIC CO
Ticker: GE Fiscal Year: 2010
Statement of Earnings
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011)
(In Millions, except shares in actual)
	12 Months Ended	12 Months Ended	12 Months Ended
	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008
Revenues
Sales of goods	$ 60,812	65,067	69,100
Sales of services	39,625	38,710	43,669
Other income (Note 17)	1,151	1,006	1,586
GECS earnings from continuing operations
GECS revenues from services (Note 18)	48,623	50,495	67,226
Total revenues	150,211	155,278	181,581

Costs and expenses (Note 19)
Cost of goods sold	46,005	50,580	54,602
Cost of services sold	25,708	25,341	29,170
Interest and other financial charges	15,983	18,309	25,758
Investment contracts, insurance losses and insurance annuity benefits	3,012	3,017	3,213
Provision for losses on financing receivables (Notes 6 and 23)	7,191	10,627	7,233
Other costs and expenses	38,104	37,409	41,835
Total costs and expenses	136,003	145,283	161,811

Earnings (loss) from continuing operations before income taxes	14,208	9,995	19,770

Benefit (provision) for income taxes (Note 14)	(1,050)	1,148	(1,102)
Earnings from continuing operations	13,158	11,143	18,668

Earnings (loss) from discontinued operations, net of taxes (Note 2)	(979)	82	(617)
Net earnings	12,179	11,225	18,051

Less net earnings attributable to noncontrolling interests	535	200	641
Net earnings attributable to the Company	11,644	11,025	17,410

Preferred stock dividends declared	(300)	(300)	(75)
Net earnings attributable to GE common shareowners	11,344	10,725	17,335

Amounts attributable to the Company
Earnings from continuing operations	12,623	10,943	18,027
Earnings (loss) from discontinued operations, net of taxes	(979)	82	(617)
Net earnings attributable to the Company	11,644	11,025	17,410

Per-share amounts (Note 20)
Earnings from continuing operations
Diluted earnings per share	1.15	1.00	1.78
Basic earnings per share	1.15	1.00	1.78
Net earnings
Diluted earnings per share	1.06	1.01	1.72
Basic earnings per share	1.06	1.01	1.72
Dividends declared per share	0.46	0.61	1.24
Statements by entity
Financial Services (GECS)
Sales of goods	533	970	1,773
Sales of services
Other income (Note 17)
GECS earnings from continuing operations
GECS revenues from services (Note 18)	49,966	51,688	68,580
Total revenues	50,499	52,658	70,353

Cost of goods sold	501	808	1,517
Cost of services sold
Interest and other financial charges	14,956	17,482	24,665
Investment contracts, insurance losses and insurance annuity benefits	3,197	3,193	3,421
Provision for losses on financing receivables (Notes 6 and 23)	7,191	10,627	7,233
Other costs and expenses	22,482	23,105	27,899
Total costs and expenses	48,327	55,215	64,735

Earnings (loss) from continuing operations before income taxes	2,172	(2,557)	5,618

Benefit (provision) for income taxes (Note 14)	974	3,887	2,325
Earnings from continuing operations	3,146	1,330	7,943

Earnings (loss) from discontinued operations, net of taxes (Note 2)	(975)	100	(657)
Net earnings	2,171	1,430	7,286

Less net earnings attributable to noncontrolling interests	16	15	231
Net earnings attributable to the Company	2,155	1,415	7,055

Preferred stock dividends declared
Net earnings attributable to GE common shareowners	2,155	1,415	7,055

Earnings from continuing operations	3,130	1,315	7,712
Earnings (loss) from discontinued operations, net of taxes	(975)	100	(657)
Net earnings attributable to the Company	2,155	1,415	7,055

GE
Sales of goods	60,345	64,211	67,637
Sales of services	39,875	39,246	44,377
Other income (Note 17)	1,285	1,179	1,965
GECS earnings from continuing operations	3,130	1,315	7,712 [1]
GECS revenues from services (Note 18)
Total revenues	104,635	105,951	121,691

Cost of goods sold	45,570	49,886	53,395
Cost of services sold	25,958	25,878	29,878
Interest and other financial charges	1,600	1,478	2,153
Investment contracts, insurance losses and insurance annuity benefits
Provision for losses on financing receivables (Notes 6 and 23)
Other costs and expenses	16,341	14,842	14,401
Total costs and expenses	89,469	92,084	99,827

Earnings (loss) from continuing operations before income taxes	15,166	13,867	21,864

Benefit (provision) for income taxes (Note 14)	(2,024)	(2,739)	(3,427)
Earnings from continuing operations	13,142	11,128	18,437

Earnings (loss) from discontinued operations, net of taxes (Note 2)	(979)	82	(617)
Net earnings	12,163	11,210	17,820

Less net earnings attributable to noncontrolling interests	519	185	410
Net earnings attributable to the Company	11,644	11,025	17,410

Preferred stock dividends declared	(300)	(300)	(75)
Net earnings attributable to GE common shareowners	11,344	10,725	17,335

Earnings from continuing operations	12,623	10,943	18,027
Earnings (loss) from discontinued operations, net of taxes	(979)	82	(617)
Net earnings attributable to the Company	11,644	11,025	17,410

[1] Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services), which is presented on a one-line basis. See Note 1.

External Links
GENERAL ELECTRIC CO (GE) Fiscal Year 2010
Statements of 10-K in Excel	https://www.sec.gov/.../Financial.xlxs
Complete 10-K in HTML	https://www.sec.gov/.../10-K.html
Complete 10-K in XBRL	https://www.sec.gov/.../10-K-xbrl.zip

GENERAL ELECTRIC CO

Ticker: GE Fiscal Year: 2010

Statement of Earnings

Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011)