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: 2015 | |||
Statement of Earnings | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Statement of Earnings | |||
| Revenues and other income | |||
| Sales of goods | $ 74,510 | 76,568 | 71,873 |
| Sales of services | 31,298 | 30,190 | 28,669 |
| Other income (Note 17) | 2,227 | 778 | 3,107 |
| GE Capital earnings from continuing operations | 0 | 0 | 0 |
| GE Capital revenues from services | 9,350 | 9,648 | 9,595 |
| Total revenues and other income | 117,386 | 117,184 | 113,245 |
| Costs and expenses | |||
| Cost of goods sold | 59,905 | 61,257 | 57,867 |
| Cost of services sold | 22,788 | 22,447 | 21,974 |
| Selling, general and administrative expenses | 17,831 | 16,848 | 17,945 |
| Interest and other financial charges | 3,463 | 2,723 | 2,870 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,605 | 2,530 | 2,661 |
| Other costs and expenses | 2,608 | 1,115 | 828 |
| Total costs and expenses | 109,200 | 106,921 | 104,145 |
| Earnings (loss) from continuing operations before income taxes | 8,186 | 10,263 | 9,100 |
| Benefit (provision) for income taxes | (6,485) | (773) | (1,219) |
| Earnings (loss) from continuing operations | 1,700 | 9,490 | 7,881 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (7,495) | 5,855 | 5,475 |
| Net earnings (loss) | (5,795) | 15,345 | 13,355 |
| Less net earnings (loss) attributable to noncontrolling interests | 332 | 112 | 298 |
| Net earnings (loss) attributable to the Company | (6,126) | 15,233 | 13,057 |
| Preferred stock dividends declared | (18) | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | (6,145) | 15,233 | 13,057 |
| Amounts attributable to GE common shareowners | |||
| Earnings (loss) from continuing operations | 1,700 | 9,490 | 7,881 |
| Less net earnings (loss) from continuing operations, attributable to noncontrolling interests | 19 | (45) | 262 |
| Earnings (loss) from continuing operations attributable to the Company | 1,681 | 9,535 | 7,618 |
| Preferred stock dividends declared | (18) | 0 | 0 |
| Net earnings (loss) from continuing operations attributable to GE common shareowners | 1,663 | 9,535 | 7,618 |
| Earnings (loss) from discontinued operations, net of taxes | (7,495) | 5,855 | 5,475 |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 312 | 157 | 36 |
| Net earnings (loss) attributable to GE common shareowners | (6,145) | 15,233 | 13,057 |
| Per share amounts | |||
| Earnings (loss) from continuing operations | |||
| Diluted earnings (loss) per share | 0.17 | 0.94 | 0.74 |
| Basic earnings (loss) per share | 0.17 | 0.95 | 0.74 |
| Net earnings | |||
| Diluted earnings (loss) per share | (0.61) | 1.50 | 1.27 |
| Basic earnings (loss) per share | (0.62) | 1.51 | 1.28 |
| Dividends declared per common share | 0.92 | 0.89 | 0.79 |
| Legal Entity | |||
| GE | |||
| Sales of goods | 74,565 | 76,715 | 71,951 |
| Sales of services | 31,641 | 30,594 | 29,063 |
| Other income (Note 17) | 2,165 | 707 | 2,886 |
| GE Capital earnings from continuing operations | (7,672) | 1,532 | 699 |
| GE Capital revenues from services | 0 | 0 | 0 |
| Total revenues and other income | 100,700 | 109,546 | 104,599 |
| Cost of goods sold | 59,970 | 61,420 | 57,962 |
| Cost of services sold | 20,858 | 20,456 | 19,668 |
| Selling, general and administrative expenses | 14,914 | 14,972 | 16,104 |
| Interest and other financial charges | 1,706 | 1,579 | 1,333 |
| Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
| Other costs and expenses | 0 | 0 | 0 |
| Total costs and expenses | 97,447 | 98,427 | 95,068 |
| Earnings (loss) from continuing operations before income taxes | 3,252 | 11,119 | 9,531 |
| Benefit (provision) for income taxes | (1,506) | (1,634) | (1,667) |
| Earnings (loss) from continuing operations | 1,746 | 9,485 | 7,864 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (7,807) | 5,698 | 5,439 |
| Net earnings (loss) | (6,061) | 15,182 | 13,303 |
| Less net earnings (loss) attributable to noncontrolling interests | 83 | (50) | 245 |
| Net earnings (loss) attributable to the Company | (6,145) | 15,233 | 13,057 |
| Preferred stock dividends declared | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | (6,145) | 15,233 | 13,057 |
| Earnings (loss) from continuing operations | 1,746 | 9,485 | 7,864 |
| Less net earnings (loss) from continuing operations, attributable to noncontrolling interests | 83 | (50) | 245 |
| Earnings (loss) from continuing operations attributable to the Company | 1,663 | 9,535 | 7,618 |
| Preferred stock dividends declared | 0 | 0 | 0 |
| Net earnings (loss) from continuing operations attributable to GE common shareowners | 1,663 | 9,535 | 7,618 |
| Earnings (loss) from discontinued operations, net of taxes | (7,807) | 5,698 | 5,439 |
| Net earnings (loss) attributable to GE common shareowners | (6,145) | 15,233 | 13,057 |
| GE Capital | |||
| Sales of goods | 79 | 121 | 126 |
| Sales of services | 0 | 0 | 0 |
| Other income (Note 17) | 0 | 0 | 0 |
| GE Capital earnings from continuing operations | 0 | 0 | 0 |
| GE Capital revenues from services | 10,722 | 11,199 | 11,141 |
| Total revenues and other income | 10,801 | 11,320 | 11,267 |
| Cost of goods sold | 69 | 104 | 108 |
| Cost of services sold | 2,273 | 2,394 | 2,700 |
| Selling, general and administrative expenses | 3,512 | 2,689 | 2,550 |
| Interest and other financial charges | 2,301 | 1,638 | 2,021 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,737 | 2,660 | 2,764 |
| Other costs and expenses | 2,647 | 1,159 | 856 |
| Total costs and expenses | 13,539 | 10,645 | 10,999 |
| Earnings (loss) from continuing operations before income taxes | (2,739) | 676 | 268 |
| Benefit (provision) for income taxes | (4,979) | 861 | 448 |
| Earnings (loss) from continuing operations | (7,718) | 1,537 | 716 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (7,485) | 5,860 | 5,540 |
| Net earnings (loss) | (15,202) | 7,397 | 6,256 |
| Less net earnings (loss) attributable to noncontrolling interests | 248 | 162 | 53 |
| Net earnings (loss) attributable to the Company | (15,450) | 7,234 | 6,204 |
| Preferred stock dividends declared | (330) | (322) | (298) |
| Net earnings (loss) attributable to GE common shareowners | (15,780) | 6,912 | 5,906 |
| Earnings (loss) from continuing operations | (7,718) | 1,537 | 716 |
| Less net earnings (loss) from continuing operations, attributable to noncontrolling interests | (64) | 5 | 17 |
| Earnings (loss) from continuing operations attributable to the Company | (7,654) | 1,532 | 699 |
| Preferred stock dividends declared | (330) | (322) | (298) |
| Net earnings (loss) from continuing operations attributable to GE common shareowners | (7,983) | 1,209 | 401 |
| Earnings (loss) from discontinued operations, net of taxes | (7,485) | 5,860 | 5,540 |
| Net earnings (loss) attributable to GE common shareowners | (15,780) | 6,912 | 5,906 |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2015 | |
| 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 |