10-K.Info (Beta Test)
Courtesy of Short Sands, LLC
10-K.Info (Beta Test)
Courtesy of Short Sands, LLC

GENERAL ELECTRIC CO

Ticker: GE   Fiscal Year: 2013

Statement of Earnings

Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2013Dec 31, 2012Dec 31, 2011
Statement of Earnings
Revenues and other income
Sales of goods
$
71,873
72,99166,874
Sales of services28,66927,15827,648
Other income3,1082,5635,063
GECC earnings from continuing operations000
GECC revenues from services42,39543,97246,957
Total revenues and other income146,045146,684146,542
 
Costs and expenses
Cost of goods sold57,86756,78551,455
Cost of services sold19,27417,52516,823
Interest and other financial charges10,11612,40714,422
Investment contracts, insurance losses and insurance annuity benefits2,6762,8572,912
Provision for losses on financing receivables4,8183,8323,930
Other costs and expenses35,14335,89736,841
Total costs and expenses129,894129,303126,383
 
Earnings (loss) from continuing operations before income taxes16,15117,38120,159
 
Benefit (provision) for income taxes(676)(2,534)(5,745)
Earnings from continuing operations15,47514,84714,414
 
Earnings (loss) from discontinued operations, net of taxes(2,120)(983)29
Net earnings (loss)13,35513,86414,443
 
Less: net earnings (loss) attributable to noncontrolling interests298223292
Net earnings (loss) attributable to the Company13,05713,64114,151
 
Preferred stock dividends declared00(1,031)
Net earnings (loss) attributable to GE common shareowners13,05713,64113,120
 
Amounts attributable to the Company
Earnings (loss) from continuing operations15,17714,62414,122
Earnings (loss) from discontinued operations, net of taxes(2,120)(983)29
Net earnings (loss) attributable to the Company13,05713,64114,151
Per-share amounts
Earnings from continuing operations
Diluted earnings per share1.47001.38001.2300
Basic earnings per share1.48001.39001.2300
Net earnings (loss)
Diluted earnings per share1.27001.29001.2300
Basic earnings per share1.28001.29001.2400
Dividends declared per common share0.79000.70000.6100
Legal Entity
Subsidiaries
Sales of goods71,95173,30467,011
Sales of services29,06327,57128,024
Other income2,8862,6575,268
GECC earnings from continuing operations8,2587,3456,480
GECC revenues from services000
Total revenues and other income112,158110,877106,783
 
Cost of goods sold57,96257,11851,605
Cost of services sold19,66817,93817,199
Interest and other financial charges1,3331,3531,299
Investment contracts, insurance losses and insurance annuity benefits000
Provision for losses on financing receivables000
Other costs and expenses16,10517,671 [1]17,554
Total costs and expenses95,06894,08087,657
 
Earnings (loss) from continuing operations before income taxes17,09016,79719,126
 
Benefit (provision) for income taxes(1,668)(2,013)(4,839)
Earnings from continuing operations15,42214,78414,287
 
Earnings (loss) from discontinued operations, net of taxes(2,120)(983)29
Net earnings (loss)13,30213,80114,316
 
Less: net earnings (loss) attributable to noncontrolling interests245160165
Net earnings (loss) attributable to the Company13,05713,64114,151
 
Preferred stock dividends declared00(1,031)
Net earnings (loss) attributable to GE common shareowners13,05713,64113,120
 
Earnings (loss) from continuing operations15,17714,62414,122
Earnings (loss) from discontinued operations, net of taxes(2,120)(983)29
Net earnings (loss) attributable to the Company13,05713,64114,151
Subsidiaries GECC
Sales of goods126119148
Sales of services000
Other income000
GECC earnings from continuing operations000
GECC revenues from services43,94145,24548,176
Total revenues and other income44,06745,36448,324
 
Cost of goods sold10899135
Cost of services sold000
Interest and other financial charges9,26711,59613,760
Investment contracts, insurance losses and insurance annuity benefits2,7792,9843,059
Provision for losses on financing receivables4,8183,8323,930
Other costs and expenses19,77618,92419,927
Total costs and expenses36,74837,43540,811
 
Earnings (loss) from continuing operations before income taxes7,3197,9297,513
 
Benefit (provision) for income taxes992(521)(906)
Earnings from continuing operations8,3117,4086,607
 
Earnings (loss) from discontinued operations, net of taxes(2,054)(1,130)30
Net earnings (loss)6,2576,2786,637
 
Less: net earnings (loss) attributable to noncontrolling interests5363127
Net earnings (loss) attributable to the Company6,2046,2156,510
 
Preferred stock dividends declared(298)(123)0
Net earnings (loss) attributable to GE common shareowners5,9066,0926,510
 
Earnings (loss) from continuing operations8,2587,3456,480
Earnings (loss) from discontinued operations, net of taxes(2,054)(1,130)30
Net earnings (loss) attributable to the Company6,2046,2156,510
[1] (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or financial services), which is presented on a one-line basis. See Note 1.
External Links 
GENERAL ELECTRIC CO (GE) Fiscal Year 2013
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