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

GENERAL ELECTRIC CO

Ticker: GE   Fiscal Year: 2014

Statement of Earnings

Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015)

(In Millions, except shares in actual)
 12 Months Ended12 Months Ended12 Months Ended
 Dec 31, 2014Dec 31, 2013Dec 31, 2012
Statement of Earnings
Revenues and other income
Sales of goods
$
76,568
71,87372,991
Sales of services30,19028,66927,158
Other income (Note 17)7783,1082,563
GECC earnings from continuing operations000
GECC revenues from services (Note 18)41,05342,39543,972
Total revenues and other income148,589146,045146,684
 
Costs and expenses (Note 19)
Cost of goods sold61,25757,86756,785
Cost of services sold20,05419,27417,525
Interest and other financial charges9,48210,11612,407
Investment contracts, insurance losses and insurance annuity benefits2,5482,6762,857
Provision for losses on financing receivables (Note 6)3,9934,8183,832
Other costs and expenses34,02635,14335,897
Total costs and expenses131,360129,894129,303
 
Earnings from continuing operations before income taxes17,22916,15117,381
 
Benefit (provision) for income taxes (Note 14)(1,772)(676)(2,534)
Earnings from continuing operations15,45715,47514,847
 
Earnings (loss) from discontinued operations, net of taxes (Note 2)(112)(2,120)(983)
Net earnings15,34513,35513,864
 
Less net earnings (loss) attributable to noncontrolling interests112298223
Net earnings attributable to the Company15,23313,05713,641
 
Preferred stock dividends declared000
Net earnings attributable to GE common shareowners15,23313,05713,641
 
Amounts attributable to GE common shareowners
Earnings from continuing operations15,45715,47514,847
Less net earnings (loss) attributable to noncontrolling interests112298223
Earnings from continuing operations attributable to the Company15,34515,17714,624
GECC preferred stock dividends declared000
Earnings from continuing operations attributable to GE common shareowners15,34515,17714,624
Earnings (loss) from discontinued operations, net of taxes(112)(2,120)(983)
Net earnings attributable to GE common shareowners15,23313,05713,641
 
Per share amounts (Note 20)
Earnings from continuing operations
Diluted earnings per share1.511.471.38
Basic earnings per share1.531.481.39
Net earnings
Diluted earnings per share1.501.271.29
Basic earnings per share1.511.281.29
Dividends declared per common share0.890.790.70
Legal Entity
GE
Sales of goods76,71471,95173,304
Sales of services30,59429,06327,571
Other income (Note 17)7072,8862,657
GECC earnings from continuing operations7,3418,2587,345
GECC revenues from services (Note 18)000
Total revenues and other income115,356112,158110,877
 
Cost of goods sold61,42057,96257,118
Cost of services sold20,45719,66817,938
Interest and other financial charges1,5791,3331,353
Investment contracts, insurance losses and insurance annuity benefits000
Provision for losses on financing receivables (Note 6)000
Other costs and expenses14,97116,10517,671
Total costs and expenses98,42795,06894,080
 
Earnings from continuing operations before income taxes16,92917,09016,797
 
Benefit (provision) for income taxes (Note 14)(1,634)(1,668)(2,013)
Earnings from continuing operations15,29515,42214,784
 
Earnings (loss) from discontinued operations, net of taxes (Note 2)(112)(2,120)(983)
Net earnings15,18313,30213,801
 
Less net earnings (loss) attributable to noncontrolling interests(50)245160
Net earnings attributable to the Company15,23313,05713,641
 
Preferred stock dividends declared000
Net earnings attributable to GE common shareowners15,23313,05713,641
 
Earnings from continuing operations15,29515,42214,784
Less net earnings (loss) attributable to noncontrolling interests(50)245160
Earnings from continuing operations attributable to the Company15,34515,17714,624
GECC preferred stock dividends declared000
Earnings from continuing operations attributable to GE common shareowners15,34515,17714,624
Earnings (loss) from discontinued operations, net of taxes(112)(2,120)(983)
Net earnings attributable to GE common shareowners15,23313,05713,641
 
GECC
Sales of goods121126119
Sales of services000
Other income (Note 17)000
GECC earnings from continuing operations000
GECC revenues from services (Note 18)42,60443,94145,245
Total revenues and other income42,72544,06745,364
 
Cost of goods sold10410899
Cost of services sold000
Interest and other financial charges8,3979,26711,596
Investment contracts, insurance losses and insurance annuity benefits2,6782,7792,984
Provision for losses on financing receivables (Note 6)3,9934,8183,832
Other costs and expenses19,91219,77618,924
Total costs and expenses35,08436,74837,435
 
Earnings from continuing operations before income taxes7,6417,3197,929
 
Benefit (provision) for income taxes (Note 14)(138)992(521)
Earnings from continuing operations7,5038,3117,408
 
Earnings (loss) from discontinued operations, net of taxes (Note 2)(107)(2,054)(1,130)
Net earnings7,3966,2576,278
 
Less net earnings (loss) attributable to noncontrolling interests1625363
Net earnings attributable to the Company7,2346,2046,215
 
Preferred stock dividends declared(322)(298)(123)
Net earnings attributable to GE common shareowners6,9125,9066,092
 
Earnings from continuing operations7,5038,3117,408
Less net earnings (loss) attributable to noncontrolling interests1625363
Earnings from continuing operations attributable to the Company7,3418,2587,345
GECC preferred stock dividends declared(322)(298)(123)
Earnings from continuing operations attributable to GE common shareowners7,0197,9607,222
Earnings (loss) from discontinued operations, net of taxes(107)(2,054)(1,130)
Net earnings attributable to GE common shareowners6,9125,9066,092
 
External Links 
GENERAL ELECTRIC CO (GE) Fiscal Year 2014
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