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: 2016 | |||
Statement of Earnings | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 24, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Statement of Earnings | |||
| Revenues and other income | |||
| Sales of goods | $ 75,414 | 74,510 | 76,568 |
| Sales of services | 34,976 | 31,298 | 30,190 |
| Other income (Note 17) | 4,005 | 2,227 | 778 |
| GE Capital earnings (loss) from continuing operations | 0 | 0 | 0 |
| GE Capital revenues from services | 9,297 | 9,350 | 9,648 |
| Total revenues and other income | 123,693 | 117,386 | 117,184 |
| Costs and expenses (Note 27) | |||
| Cost of goods sold | 62,440 | 59,905 | 61,257 |
| Cost of services sold | 25,043 | 22,788 | 22,447 |
| Selling, general and administrative expenses | 18,377 | 17,831 | 16,848 |
| Interest and other financial charges | 5,025 | 3,463 | 2,723 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,797 | 2,605 | 2,530 |
| Other costs and expenses | 982 | 2,608 | 1,115 |
| Total costs and expenses | 114,663 | 109,200 | 106,921 |
| Earnings (loss) from continuing operations before income taxes | 9,030 | 8,186 | 10,263 |
| Benefit (provision) for income taxes (Note 14) | 464 | (6,485) | (773) |
| Earnings (loss) from continuing operations | 9,494 | 1,700 | 9,490 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (954) | (7,495) | 5,855 |
| Net earnings (loss) | 8,540 | (5,795) | 15,345 |
| Less net earnings (loss) attributable to noncontrolling interests | (291) | 332 | 112 |
| Net earnings (loss) attributable to the Company | 8,831 | (6,126) | 15,233 |
| Preferred stock dividends | (656) | (18) | 0 |
| Net earnings (loss) attributable to GE common shareowners | 8,176 | (6,145) | 15,233 |
| Amounts attributable to GE common shareowners | |||
| Earnings (loss) from continuing operations | 9,494 | 1,700 | 9,490 |
| Less net earnings (loss) from continuing operations, attributable to noncontrolling interests | (290) | 19 | (45) |
| Earnings (loss) from continuing operations attributable to the Company | 9,784 | 1,681 | 9,535 |
| Preferred stock dividends | (656) | (18) | 0 |
| Net earnings (loss) from continuing operations attributable to GE common shareowners | 9,128 | 1,663 | 9,535 |
| Earnings (loss) from discontinued operations, net of taxes | (954) | (7,495) | 5,855 |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | (1) | 312 | 157 |
| Net earnings (loss) attributable to GE common shareowners | 8,176 | (6,145) | 15,233 |
| Per share amounts | |||
| Earnings From Continuing Operations Per Share (Note 18) | |||
| Diluted earnings (loss) per share | 1.00 | 0.17 | 0.94 |
| Basic earnings (loss) per share | 1.01 | 0.17 | 0.95 |
| Net earnings | |||
| Diluted earnings (loss) per share | 0.89 | (0.61) | 1.50 |
| Basic earnings (loss) per share | 0.90 | (0.62) | 1.51 |
| Dividends declared per common share | 0.93 | 0.92 | 0.89 |
| Legal Entity | |||
| GE | |||
| Sales of goods | 75,580 | 74,565 | 76,715 |
| Sales of services | 35,255 | 31,641 | 30,594 |
| Other income (Note 17) | 4,092 | 2,165 | 707 |
| GE Capital earnings (loss) from continuing operations | (1,251) | (7,672) | 1,532 |
| GE Capital revenues from services | 0 | 0 | 0 |
| Total revenues and other income | 113,676 | 100,700 | 109,546 |
| Cost of goods sold | 62,628 | 59,970 | 61,420 |
| Cost of services sold | 23,084 | 20,858 | 20,456 |
| Selling, general and administrative expenses | 16,123 | 14,914 | 14,972 |
| Interest and other financial charges | 2,026 | 1,706 | 1,579 |
| Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
| Other costs and expenses | 0 | 0 | 0 |
| Total costs and expenses | 103,860 | 97,447 | 98,427 |
| Earnings (loss) from continuing operations before income taxes | 9,815 | 3,252 | 11,119 |
| Benefit (provision) for income taxes (Note 14) | (967) | (1,506) | (1,634) |
| Earnings (loss) from continuing operations | 8,849 | 1,746 | 9,485 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (952) | (7,807) | 5,698 |
| Net earnings (loss) | 7,896 | (6,061) | 15,182 |
| Less net earnings (loss) attributable to noncontrolling interests | (279) | 83 | (50) |
| Net earnings (loss) attributable to the Company | 8,176 | (6,145) | 15,233 |
| Preferred stock dividends | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | 8,176 | (6,145) | 15,233 |
| Earnings (loss) from continuing operations | 8,849 | 1,746 | 9,485 |
| Less net earnings (loss) from continuing operations, attributable to noncontrolling interests | (279) | 83 | (50) |
| Earnings (loss) from continuing operations attributable to the Company | 9,128 | 1,663 | 9,535 |
| Preferred stock dividends | 0 | 0 | 0 |
| Net earnings (loss) from continuing operations attributable to GE common shareowners | 9,128 | 1,663 | 9,535 |
| Earnings (loss) from discontinued operations, net of taxes | (952) | (7,807) | 5,698 |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | 8,176 | (6,145) | 15,233 |
| GE Capital | |||
| Sales of goods | 115 | 79 | 121 |
| Sales of services | 0 | 0 | 0 |
| Other income (Note 17) | 0 | 0 | 0 |
| GE Capital earnings (loss) from continuing operations | 0 | 0 | 0 |
| GE Capital revenues from services | 10,790 | 10,722 | 11,199 |
| Total revenues and other income | 10,905 | 10,801 | 11,320 |
| Cost of goods sold | 93 | 69 | 104 |
| Cost of services sold | 2,238 | 2,273 | 2,394 |
| Selling, general and administrative expenses | 2,947 | 3,512 | 2,689 |
| Interest and other financial charges | 3,790 | 2,301 | 1,638 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,861 | 2,737 | 2,660 |
| Other costs and expenses | 1,013 | 2,647 | 1,159 |
| Total costs and expenses | 12,942 | 13,539 | 10,645 |
| Earnings (loss) from continuing operations before income taxes | (2,037) | (2,739) | 676 |
| Benefit (provision) for income taxes (Note 14) | 1,431 | 4,979 | (861) |
| Earnings (loss) from continuing operations | (606) | (7,718) | 1,537 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (954) | (7,485) | 5,860 |
| Net earnings (loss) | (1,560) | (15,202) | 7,397 |
| Less net earnings (loss) attributable to noncontrolling interests | (12) | 248 | 162 |
| Net earnings (loss) attributable to the Company | (1,548) | (15,450) | 7,234 |
| Preferred stock dividends | (656) | (330) | (322) |
| Net earnings (loss) attributable to GE common shareowners | (2,204) | (15,780) | 6,912 |
| Earnings (loss) from continuing operations | (606) | (7,718) | 1,537 |
| Less net earnings (loss) from continuing operations, attributable to noncontrolling interests | (10) | (64) | 5 |
| Earnings (loss) from continuing operations attributable to the Company | (595) | (7,654) | 1,532 |
| Preferred stock dividends | (656) | (330) | (322) |
| Net earnings (loss) from continuing operations attributable to GE common shareowners | (1,251) | (7,983) | 1,209 |
| Earnings (loss) from discontinued operations, net of taxes | (954) | (7,485) | 5,860 |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | (1) | 312 | 157 |
| Net earnings (loss) attributable to GE common shareowners | (2,204) | (15,780) | 6,912 |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2016 | |
| 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 |