10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2011 | |||
Statement of Earnings | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Statement of Earnings | |||
| Revenues | |||
| Sales of goods | $ 66,875 | 60,812 | 65,067 |
| Sales of services | 27,648 | 39,625 | 38,710 |
| Other income (Note 17) | 5,063 | 1,151 | 1,006 |
| GECS earnings from continuing operations | 0 | 0 | 0 |
| GECS revenues from services (Note 18) | 47,714 | 48,005 | 49,655 |
| Total revenues | 147,300 | 149,593 | 154,438 |
| Costs and expenses (Note 19) | |||
| Cost of goods sold | 51,455 | 46,005 | 50,580 |
| Cost of services sold | 16,823 | 25,708 | 25,341 |
| Interest and other financial charges | 14,545 | 15,553 | 17,697 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,912 | 3,012 | 3,017 |
| Provision for losses on financing receivables (Notes 6 and 23) | 4,083 | 7,176 | 10,585 |
| Other costs and expenses | 37,384 | 38,054 | 37,354 |
| Total costs and expenses | 127,202 | 135,508 | 144,574 |
| Earnings (loss) from continuing operations before income taxes | 20,098 | 14,085 | 9,864 |
| Benefit (provision) for income taxes (Note 14) | (5,732) | (1,033) | 1,142 |
| Earnings from continuing operations | 14,366 | 13,052 | 11,006 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | 77 | (873) | 219 |
| Net earnings (loss) | 14,443 | 12,179 | 11,225 |
| Less net earnings (loss) attributable to noncontrollng interests | 292 | 535 | 200 |
| Net earnings (loss) attributable to the Company | 14,151 | 11,644 | 11,025 |
| Preferred stock dividends declared | (1,031) | (300) | (300) |
| Net earnings (loss) attributable to GE common shareowners | 13,120 | 11,344 | 10,725 |
| Amounts attributable to the Company | |||
| Earnings (loss) from continuing operations | 14,074 | 12,517 | 10,806 |
| Earnings (loss) from discontinued operations, net of taxes | 77 | (873) | 219 |
| Net earnings (loss) attributable to the Company | 14,151 | 11,644 | 11,025 |
| Per-share amounts (Note 20) | |||
| Earnings from continuing operations | |||
| Diluted earnings per share | 1.23 | 1.14 | 0.99 |
| Basic earnings per share | 1.23 | 1.14 | 0.99 |
| Net earnings (loss) | |||
| Diluted earnings per share | 1.23 | 1.06 | 1.01 |
| Basic earnings per share | 1.24 | 1.06 | 1.01 |
| Dividends declared per common share | 0.61 | 0.46 | 0.61 |
| Legal Entity | |||
| Subsidiaries | |||
| Sales of goods | 67,012 | 60,345 | 64,211 |
| Sales of services | 28,024 | 39,875 | 39,246 |
| Other income (Note 17) | 5,269 | 1,285 | 1,179 |
| GECS earnings from continuing operations | 6,432 | 3,023 | 1,177 |
| GECS revenues from services (Note 18) | 0 | 0 | 0 |
| Total revenues | 106,737 | 104,528 | 105,813 |
| Cost of goods sold | 51,605 | 45,570 | 49,886 |
| Cost of services sold | 17,199 | 25,958 | 25,878 |
| Interest and other financial charges | 1,299 | 1,600 | 1,478 |
| Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
| Provision for losses on financing receivables (Notes 6 and 23) | 0 | 0 | 0 |
| Other costs and expenses | 17,556 | 16,340 | 14,841 |
| Total costs and expenses | 87,659 | 89,468 | 92,083 |
| Earnings (loss) from continuing operations before income taxes | 19,078 | 15,060 | 13,730 |
| Benefit (provision) for income taxes (Note 14) | (4,839) | (2,024) | (2,739) |
| Earnings from continuing operations | 14,239 | 13,036 | 10,991 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | 77 | (873) | 219 |
| Net earnings (loss) | 14,316 | 12,163 | 11,210 |
| Less net earnings (loss) attributable to noncontrollng interests | 165 | 519 | 185 |
| Net earnings (loss) attributable to the Company | 14,151 | 11,644 | 11,025 |
| Preferred stock dividends declared | (1,031) | (300) | (300) |
| Net earnings (loss) attributable to GE common shareowners | 13,120 | 11,344 | 10,725 |
| Earnings (loss) from continuing operations | 14,074 [1] | 12,517 | 10,806 |
| Earnings (loss) from discontinued operations, net of taxes | 77 | (873) | 219 |
| Net earnings (loss) attributable to the Company | 14,151 | 11,644 | 11,025 |
| Subsidiaries GECS | |||
| Sales of goods | 148 | 533 | 970 |
| 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) | 48,933 | 49,348 | 50,848 |
| Total revenues | 49,081 | 49,881 | 51,818 |
| Cost of goods sold | 135 | 501 | 808 |
| Cost of services sold | 0 | 0 | 0 |
| Interest and other financial charges | 13,883 | 14,526 | 16,870 |
| Investment contracts, insurance losses and insurance annuity benefits | 3,059 | 3,197 | 3,193 |
| Provision for losses on financing receivables (Notes 6 and 23) | 4,083 | 7,176 | 10,585 |
| Other costs and expenses | 20,469 | 22,433 | 23,051 |
| Total costs and expenses | 41,629 | 47,833 | 54,507 |
| Earnings (loss) from continuing operations before income taxes | 7,452 | 2,048 | (2,689) |
| Benefit (provision) for income taxes (Note 14) | (893) | 991 | 3,881 |
| Earnings from continuing operations | 6,559 | 3,039 | 1,192 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | 78 | (868) | 238 |
| Net earnings (loss) | 6,637 | 2,171 | 1,430 |
| Less net earnings (loss) attributable to noncontrollng interests | 127 | 16 | 15 |
| Net earnings (loss) attributable to the Company | 6,510 | 2,155 | 1,415 |
| Preferred stock dividends declared | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | 6,510 | 2,155 | 1,415 |
| Earnings (loss) from continuing operations | 6,432 | 3,023 | 1,177 |
| Earnings (loss) from discontinued operations, net of taxes | 78 | (868) | 238 |
| Net earnings (loss) attributable to the Company | 6,510 | 2,155 | 1,415 |
| [1] (a) 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 2011 | |
| 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 |