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: 2017 | |||
STATEMENT OF EARNINGS (LOSS) | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues and other income | |||
| Sales of goods | $ 75,641 | 75,414 | 74,510 |
| Sales of services | 37,551 | 34,976 | 31,298 |
| Other income (Note 17) | 1,625 | 4,005 | 2,227 |
| GE Capital earnings (loss) from continuing operations | 0 | 0 | 0 |
| GE Capital revenues from services | 7,276 | 9,297 | 9,350 |
| Total revenues and other income | 122,092 | 123,693 | 117,386 |
| Costs and expenses (Note 25) | |||
| Cost of goods sold | 64,328 | 62,440 | 59,905 |
| Cost of services sold | 27,606 | 25,043 | 22,788 |
| Selling, general and administrative expenses | 18,280 | 18,377 | 17,831 |
| Interest and other financial charges | 4,869 | 5,025 | 3,463 |
| Investment contracts, insurance losses and insurance annuity benefits | 12,168 | 2,797 | 2,605 |
| Other costs and expenses | 3,632 | 982 | 2,608 |
| Total costs and expenses | 130,883 | 114,663 | 109,200 |
| Earnings (loss) from continuing operations before income taxes | (8,791) | 9,030 | 8,186 |
| Benefit (provision) for income taxes (Note 13) | 3,043 | 464 | (6,485) |
| Earnings (loss) from continuing operations | (5,748) | 9,494 | 1,700 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (309) | (954) | (7,495) |
| Net earnings (loss) | (6,056) | 8,540 | (5,795) |
| Less net earnings (loss) attributable to noncontrolling interests | (270) | (291) | 332 |
| Net earnings (loss) attributable to the Company | (5,786) | 8,831 | (6,126) |
| Preferred stock dividends | (436) | (656) | (18) |
| Net earnings (loss) attributable to GE common shareowners | (6,222) | 8,176 | (6,145) |
| Amounts attributable to GE common shareowners: | |||
| Earnings (loss) from continuing operations | (5,748) | 9,494 | 1,700 |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | (277) | (290) | 19 |
| Earnings (loss) from continuing operations attributable to the Company | (5,471) | 9,784 | 1,681 |
| Preferred stock dividends | (436) | (656) | (18) |
| Earnings (loss) from continuing operations attributable to GE common shareowners | (5,907) | 9,128 | 1,663 |
| Earnings (loss) from discontinued operations, net of taxes | (309) | (954) | (7,495) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 6 | (1) | 312 |
| Net earnings (loss) attributable to GE common shareowners | (6,222) | 8,176 | (6,145) |
| Per-share amounts (Note 16) | |||
| Earnings (loss) from continuing operations | |||
| Diluted earnings (loss) per share (in dollars per share) | (0.68) | 1.00 | 0.17 |
| Basic earnings (loss) per share (in dollars per share) | (0.68) | 1.01 | 0.17 |
| Net earnings (loss) | |||
| Diluted earnings (loss) per share (in dollars per share) | (0.72) | 0.89 | (0.61) |
| Basic earnings (loss) per share (in dollars per share) | (0.72) | 0.90 | (0.62) |
| Dividends declared per common share (in dollars per share) | 0.84 | 0.93 | 0.92 |
| Legal Entity | |||
| Financial Services (GE Capital) | |||
| Sales of goods | 130 | 115 | 79 |
| 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 | 8,940 | 10,790 | 10,722 |
| Total revenues and other income | 9,070 | 10,905 | 10,801 |
| Cost of goods sold | 102 | 93 | 69 |
| Cost of services sold | 2,196 | 2,238 | 2,273 |
| Selling, general and administrative expenses | 1,676 | 2,947 | 3,512 |
| Interest and other financial charges | 3,145 | 3,790 | 2,301 |
| Investment contracts, insurance losses and insurance annuity benefits | 12,213 | 2,861 | 2,737 |
| Other costs and expenses | 2,371 | 1,013 | 2,647 |
| Total costs and expenses | 21,703 | 12,942 | 13,539 |
| Earnings (loss) from continuing operations before income taxes | (12,633) | (2,037) | (2,739) |
| Benefit (provision) for income taxes (Note 13) | 6,302 | 1,431 | (4,979) |
| Earnings (loss) from continuing operations | (6,331) | (606) | (7,718) |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (312) | (954) | (7,485) |
| Net earnings (loss) | (6,643) | (1,560) | (15,202) |
| Less net earnings (loss) attributable to noncontrolling interests | 4 | (12) | 248 |
| Net earnings (loss) attributable to the Company | (6,647) | (1,548) | (15,450) |
| Preferred stock dividends | (436) | (656) | (330) |
| Net earnings (loss) attributable to GE common shareowners | (7,083) | (2,204) | (15,780) |
| Earnings (loss) from continuing operations | (6,331) | (606) | (7,718) |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | (3) | (10) | (64) |
| Earnings (loss) from continuing operations attributable to the Company | (6,328) | (595) | (7,654) |
| Preferred stock dividends | (436) | (656) | (330) |
| Earnings (loss) from continuing operations attributable to GE common shareowners | (6,765) | (1,251) | (7,983) |
| Earnings (loss) from discontinued operations, net of taxes | (312) | (954) | (7,485) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 6 | (1) | 312 |
| Net earnings (loss) attributable to GE common shareowners | (7,083) | (2,204) | (15,780) |
| Consolidated Entities | |||
| GE | |||
| Sales of goods | 75,718 | 75,580 | 74,565 |
| Sales of services | 37,761 | 35,255 | 31,641 |
| Other income (Note 17) | 1,436 | 4,092 | 2,165 |
| GE Capital earnings (loss) from continuing operations | (6,765) | (1,251) | (7,672) |
| GE Capital revenues from services | 0 | 0 | 0 |
| Total revenues and other income | 108,150 | 113,676 | 100,700 |
| Cost of goods sold | 64,433 | 62,628 | 59,970 |
| Cost of services sold | 25,619 | 23,084 | 20,858 |
| Selling, general and administrative expenses | 17,103 | 16,123 | 14,914 |
| Interest and other financial charges | 2,753 | 2,026 | 1,706 |
| Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
| Other costs and expenses | 1,165 | 0 | 0 |
| Total costs and expenses | 111,072 | 103,860 | 97,447 |
| Earnings (loss) from continuing operations before income taxes | (2,922) | 9,815 | 3,252 |
| Benefit (provision) for income taxes (Note 13) | (3,259) | (967) | (1,506) |
| Earnings (loss) from continuing operations | (6,181) | 8,849 [1] | 1,746 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (315) | (952) | (7,807) |
| Net earnings (loss) | (6,496) | 7,896 | (6,061) |
| Less net earnings (loss) attributable to noncontrolling interests | (274) | (279) | 83 |
| Net earnings (loss) attributable to the Company | (6,222) | 8,176 | (6,145) |
| Preferred stock dividends | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | (6,222) | 8,176 | (6,145) |
| Earnings (loss) from continuing operations | (6,181) | 8,849 [1] | 1,746 |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | (274) | (279) | 83 |
| Earnings (loss) from continuing operations attributable to the Company | (5,907) | 9,128 | 1,663 |
| Preferred stock dividends | 0 | 0 | 0 |
| Earnings (loss) from continuing operations attributable to GE common shareowners | (5,907) | 9,128 | 1,663 |
| Earnings (loss) from discontinued operations, net of taxes | (315) | (952) | (7,807) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | (6,222) | 8,176 | (6,145) |
| [1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1. | |||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2017 | |
| 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 |