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: 2013 | |||
Statement of Earnings | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
Statement of Earnings | |||
Revenues and other income | |||
Sales of goods | $ 71,873 | 72,991 | 66,874 |
Sales of services | 28,669 | 27,158 | 27,648 |
Other income | 3,108 | 2,563 | 5,063 |
GECC earnings from continuing operations | 0 | 0 | 0 |
GECC revenues from services | 42,395 | 43,972 | 46,957 |
Total revenues and other income | 146,045 | 146,684 | 146,542 |
Costs and expenses | |||
Cost of goods sold | 57,867 | 56,785 | 51,455 |
Cost of services sold | 19,274 | 17,525 | 16,823 |
Interest and other financial charges | 10,116 | 12,407 | 14,422 |
Investment contracts, insurance losses and insurance annuity benefits | 2,676 | 2,857 | 2,912 |
Provision for losses on financing receivables | 4,818 | 3,832 | 3,930 |
Other costs and expenses | 35,143 | 35,897 | 36,841 |
Total costs and expenses | 129,894 | 129,303 | 126,383 |
Earnings (loss) from continuing operations before income taxes | 16,151 | 17,381 | 20,159 |
Benefit (provision) for income taxes | (676) | (2,534) | (5,745) |
Earnings from continuing operations | 15,475 | 14,847 | 14,414 |
Earnings (loss) from discontinued operations, net of taxes | (2,120) | (983) | 29 |
Net earnings (loss) | 13,355 | 13,864 | 14,443 |
Less: net earnings (loss) attributable to noncontrolling interests | 298 | 223 | 292 |
Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
Preferred stock dividends declared | 0 | 0 | (1,031) |
Net earnings (loss) attributable to GE common shareowners | 13,057 | 13,641 | 13,120 |
Amounts attributable to the Company | |||
Earnings (loss) from continuing operations | 15,177 | 14,624 | 14,122 |
Earnings (loss) from discontinued operations, net of taxes | (2,120) | (983) | 29 |
Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
Per-share amounts | |||
Earnings from continuing operations | |||
Diluted earnings per share | 1.4700 | 1.3800 | 1.2300 |
Basic earnings per share | 1.4800 | 1.3900 | 1.2300 |
Net earnings (loss) | |||
Diluted earnings per share | 1.2700 | 1.2900 | 1.2300 |
Basic earnings per share | 1.2800 | 1.2900 | 1.2400 |
Dividends declared per common share | 0.7900 | 0.7000 | 0.6100 |
Legal Entity | |||
Subsidiaries | |||
Sales of goods | 71,951 | 73,304 | 67,011 |
Sales of services | 29,063 | 27,571 | 28,024 |
Other income | 2,886 | 2,657 | 5,268 |
GECC earnings from continuing operations | 8,258 | 7,345 | 6,480 |
GECC revenues from services | 0 | 0 | 0 |
Total revenues and other income | 112,158 | 110,877 | 106,783 |
Cost of goods sold | 57,962 | 57,118 | 51,605 |
Cost of services sold | 19,668 | 17,938 | 17,199 |
Interest and other financial charges | 1,333 | 1,353 | 1,299 |
Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
Provision for losses on financing receivables | 0 | 0 | 0 |
Other costs and expenses | 16,105 | 17,671 [1] | 17,554 |
Total costs and expenses | 95,068 | 94,080 | 87,657 |
Earnings (loss) from continuing operations before income taxes | 17,090 | 16,797 | 19,126 |
Benefit (provision) for income taxes | (1,668) | (2,013) | (4,839) |
Earnings from continuing operations | 15,422 | 14,784 | 14,287 |
Earnings (loss) from discontinued operations, net of taxes | (2,120) | (983) | 29 |
Net earnings (loss) | 13,302 | 13,801 | 14,316 |
Less: net earnings (loss) attributable to noncontrolling interests | 245 | 160 | 165 |
Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
Preferred stock dividends declared | 0 | 0 | (1,031) |
Net earnings (loss) attributable to GE common shareowners | 13,057 | 13,641 | 13,120 |
Earnings (loss) from continuing operations | 15,177 | 14,624 | 14,122 |
Earnings (loss) from discontinued operations, net of taxes | (2,120) | (983) | 29 |
Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
Subsidiaries GECC | |||
Sales of goods | 126 | 119 | 148 |
Sales of services | 0 | 0 | 0 |
Other income | 0 | 0 | 0 |
GECC earnings from continuing operations | 0 | 0 | 0 |
GECC revenues from services | 43,941 | 45,245 | 48,176 |
Total revenues and other income | 44,067 | 45,364 | 48,324 |
Cost of goods sold | 108 | 99 | 135 |
Cost of services sold | 0 | 0 | 0 |
Interest and other financial charges | 9,267 | 11,596 | 13,760 |
Investment contracts, insurance losses and insurance annuity benefits | 2,779 | 2,984 | 3,059 |
Provision for losses on financing receivables | 4,818 | 3,832 | 3,930 |
Other costs and expenses | 19,776 | 18,924 | 19,927 |
Total costs and expenses | 36,748 | 37,435 | 40,811 |
Earnings (loss) from continuing operations before income taxes | 7,319 | 7,929 | 7,513 |
Benefit (provision) for income taxes | 992 | (521) | (906) |
Earnings from continuing operations | 8,311 | 7,408 | 6,607 |
Earnings (loss) from discontinued operations, net of taxes | (2,054) | (1,130) | 30 |
Net earnings (loss) | 6,257 | 6,278 | 6,637 |
Less: net earnings (loss) attributable to noncontrolling interests | 53 | 63 | 127 |
Net earnings (loss) attributable to the Company | 6,204 | 6,215 | 6,510 |
Preferred stock dividends declared | (298) | (123) | 0 |
Net earnings (loss) attributable to GE common shareowners | 5,906 | 6,092 | 6,510 |
Earnings (loss) from continuing operations | 8,258 | 7,345 | 6,480 |
Earnings (loss) from discontinued operations, net of taxes | (2,054) | (1,130) | 30 |
Net earnings (loss) attributable to the Company | 6,204 | 6,215 | 6,510 |
[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 |