GENERAL ELECTRIC CO (GE) FY 2012 Income Statement

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GENERAL ELECTRIC CO
Ticker: GE Fiscal Year: 2012
Statement of Earnings
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013)
(In Millions, except shares in actual)
	12 Months Ended	12 Months Ended	12 Months Ended
	Dec 31, 2012	Dec 31, 2011	Dec 31, 2010
Statement of Earnings
Revenues and other income
Sales of goods	$ 72,991	66,875	60,811
Sales of services	27,158	27,648	39,625
Other income (Note 17)	2,563	5,064	1,151
GECC earnings from continuing operations	0	0	0
GECC revenues from services (Note 18)	44,647	47,701	47,980
Total revenues and other income	147,359	147,288	149,567

Costs and expenses (Note 19)
Cost of goods sold	56,785	51,455	45,998
Cost of services sold	17,525	16,823	25,715
Interest and other financial charges	12,508	14,528	15,537
Investment contracts, insurance losses and insurance annuity benefits	2,857	2,912	3,012
Provision for losses on financing receivables (Notes 6 and 23)	3,891	3,951	7,085
Other costs and expenses	36,387	37,362	38,033
Total costs and expenses	129,953	127,031	135,380

Earnings (loss) from continuing operations before income taxes	17,406	20,257	14,187

Benefit (provision) for income taxes (Note 14)	(2,504)	(5,738)	(1,039)
Earnings from continuing operations	14,902	14,519	13,148

Earnings (loss) from discontinued operations, net of taxes (Note 2)	(1,038)	(76)	(969)
Net earnings (loss)	13,864	14,443	12,179

Less: net earnings (loss) attributable to noncontrollng interests	223	292	535
Net earnings (loss) attributable to the Company	13,641	14,151	11,644

Preferred stock dividends declared	0	(1,031)	(300)
Net earnings (loss) attributable to GE common shareowners	13,641	13,120	11,344

Amounts attributable to the Company
Earnings (loss) from continuing operations	14,679	14,227	12,613
Earnings (loss) from discontinued operations, net of taxes	(1,038)	(76)	(969)
Net earnings (loss) attributable to the Company	13,641	14,151	11,644
Per-share amounts (Note 20)
Earnings from continuing operations
Diluted earnings per share	1.3900	1.2400	1.1500
Basic earnings per share	1.3900	1.2400	1.1500
Net earnings (loss)
Diluted earnings per share	1.2900	1.2300	1.0600
Basic earnings per share	1.2900	1.2400	1.0600
Dividends declared per share	0.7000	0.6100	0.4600
Legal Entity
Subsidiaries
Sales of goods	73,304	67,012	60,344
Sales of services	27,571	28,024	39,875
Other income (Note 17)	2,657	5,270	1,285
GECC earnings from continuing operations	7,401	6,584	3,120
GECC revenues from services (Note 18)	0	0	0
Total revenues and other income	110,933	106,890	104,624

Cost of goods sold	57,118	51,605	45,563
Cost of services sold	17,938	17,199	25,965
Interest and other financial charges	1,353	1,299	1,600
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	17,672	17,556	16,340
Total costs and expenses	94,081	87,659	89,468

Earnings (loss) from continuing operations before income taxes	16,852	19,231	15,156

Benefit (provision) for income taxes (Note 14)	(2,013)	(4,839)	(2,024)
Earnings from continuing operations	14,839	14,392	13,132

Earnings (loss) from discontinued operations, net of taxes (Note 2)	(1,038)	(76)	(969)
Net earnings (loss)	13,801	14,316	12,163

Less: net earnings (loss) attributable to noncontrollng interests	160	165	519
Net earnings (loss) attributable to the Company	13,641	14,151	11,644

Preferred stock dividends declared	0	(1,031)	(300)
Net earnings (loss) attributable to GE common shareowners	13,641	13,120	11,344

Earnings (loss) from continuing operations	14,679	14,227	12,613
Earnings (loss) from discontinued operations, net of taxes	(1,038)	(76)	(969)
Net earnings (loss) attributable to the Company	13,641	14,151	11,644
Subsidiaries GECC
Sales of goods	119	148	533
Sales of services	0	0	0
Other income (Note 17)	0	0	0
GECC earnings from continuing operations	0	0	0
GECC revenues from services (Note 18)	45,920	48,920	49,323
Total revenues and other income	46,039	49,068	49,856

Cost of goods sold	99	135	501
Cost of services sold	0	0	0
Interest and other financial charges	11,697	13,866	14,510
Investment contracts, insurance losses and insurance annuity benefits	2,984	3,059	3,197
Provision for losses on financing receivables (Notes 6 and 23)	3,891	3,951	7,085
Other costs and expenses	19,413	20,447	22,412
Total costs and expenses	38,084	41,458	47,705

Earnings (loss) from continuing operations before income taxes	7,955	7,610	2,151

Benefit (provision) for income taxes (Note 14)	(491)	(899)	985
Earnings from continuing operations	7,464	6,711	3,136

Earnings (loss) from discontinued operations, net of taxes (Note 2)	(1,186)	(74)	(965)
Net earnings (loss)	6,278	6,637	2,171

Less: net earnings (loss) attributable to noncontrollng interests	63	127	16
Net earnings (loss) attributable to the Company	6,215	6,510	2,155

Preferred stock dividends declared	(123)	0	0
Net earnings (loss) attributable to GE common shareowners	6,092	6,510	2,155

Earnings (loss) from continuing operations	7,401	6,584	3,120
Earnings (loss) from discontinued operations, net of taxes	(1,186)	(74)	(965)
Net earnings (loss) attributable to the Company	6,215	6,510	2,155

External Links
GENERAL ELECTRIC CO (GE) Fiscal Year 2012
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GENERAL ELECTRIC CO

Ticker: GE Fiscal Year: 2012

Statement of Earnings

Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013)