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: 2018 | |||
STATEMENT OF EARNINGS (LOSS) | |||
Period Ending Dec 31, 2018 10-K (Filed: Feb 26, 2019) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Revenues | |||
| Sales | $ 113,543 | 110,968 | 110,171 |
| GE Capital revenues from services | 8,072 | 7,276 | 9,297 |
| Total revenues (Note 9) | 121,615 | 118,243 | 119,469 |
| Costs and expenses | |||
| Selling, general and administrative expenses | 18,111 | 17,569 | 17,756 |
| Interest and other financial charges | 5,059 | 4,869 | 5,025 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,790 | 12,168 | 2,797 |
| Goodwill impairments (Note 8) | 22,136 | 2,550 | 0 |
| Non-operating benefit costs | 2,777 | 2,399 | 2,365 |
| Other costs and expenses | 464 | 1,082 | 982 |
| Total costs and expenses | 144,008 | 131,520 | 116,577 |
| Other income (Note 18) | 2,259 | 2,126 | 4,140 |
| GE Capital earnings (loss) from continuing operations | 0 | 0 | 0 |
| Earnings (loss) from continuing operations before income taxes | (20,134) | (11,151) | 7,031 |
| Benefit (provision) for income taxes (Note 14) | (583) | 2,611 | 1,133 |
| Earnings (loss) from continuing operations | (20,717) | (8,540) | 8,165 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (1,726) | (309) | (954) |
| Net earnings (loss) | (22,443) | (8,849) | 7,211 |
| Less net earnings (loss) attributable to noncontrolling interests | (89) | (365) | (289) |
| Net earnings (loss) attributable to the Company | (22,355) | (8,484) | 7,500 |
| Preferred stock dividends | (447) | (436) | (656) |
| Net earnings (loss) attributable to GE common shareowners | (22,802) | (8,920) | 6,845 |
| Amounts attributable to GE common shareowners: | |||
| Earnings (loss) from continuing operations | (20,717) | (8,540) | 8,165 |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | (89) | (371) | (288) |
| Earnings (loss) from continuing operations attributable to the Company | (20,629) | (8,169) | 8,453 |
| Preferred stock dividends | (447) | (436) | (656) |
| Earnings (loss) from continuing operations attributable to GE common shareowners | (21,076) | (8,605) | 7,797 |
| Earnings (loss) from discontinued operations, net of taxes | (1,726) | (309) | (954) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 0 | 6 | (1) |
| Net earnings (loss) attributable to GE common shareowners | (22,802) | (8,920) | 6,845 |
| Per-share amounts (Note 17) | |||
| Earnings (loss) from continuing operations | |||
| Diluted earnings (loss) per share (in dollars per share) | (2.43) | (0.99) | 0.85 |
| Basic earnings (loss) per share (in dollars per share) | (2.43) | (0.99) | 0.86 |
| Net earnings (loss) | |||
| Diluted earnings (loss) per share (in dollars per share) | (2.62) | (1.03) | 0.75 |
| Basic earnings (loss) per share (in dollars per share) | (2.62) | (1.03) | 0.76 |
| Dividends declared per common share (in dollars per share) | 0.37 | 0.84 | 0.93 |
| Legal Entity | |||
| Financial Services (GE Capital) | |||
| Product and Service | |||
| Services | |||
| Sales | 0 | 0 | 0 |
| Cost of goods and services | 2,089 | 2,196 | 2,238 |
| GE Capital revenues from services | 9,430 | 8,940 | 10,790 |
| Total revenues (Note 9) | 9,551 | 9,070 | 10,905 |
| Selling, general and administrative expenses | 1,341 | 1,662 | 2,931 |
| Interest and other financial charges | 2,982 | 3,145 | 3,790 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,849 | 12,213 | 2,861 |
| Goodwill impairments (Note 8) | 0 | 1,386 | 0 |
| Non-operating benefit costs | 12 | 14 | 16 |
| Other costs and expenses | 558 | 986 | 1,013 |
| Total costs and expenses | 9,926 | 21,703 | 12,942 |
| Other income (Note 18) | 0 | 0 | 0 |
| GE Capital earnings (loss) from continuing operations | 0 | 0 | 0 |
| Earnings (loss) from continuing operations before income taxes | (375) | (12,633) | (2,037) |
| Benefit (provision) for income taxes (Note 14) | 374 | 6,302 | 1,431 |
| Earnings (loss) from continuing operations | (1) | (6,331) | (606) |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (1,670) | (312) | (954) |
| Net earnings (loss) | (1,672) | (6,643) | (1,560) |
| Less net earnings (loss) attributable to noncontrolling interests | 40 | 4 | (12) |
| Net earnings (loss) attributable to the Company | (1,712) | (6,647) | (1,548) |
| Preferred stock dividends | (447) | (436) | (656) |
| Net earnings (loss) attributable to GE common shareowners | (2,159) | (7,083) | (2,204) |
| Earnings (loss) from continuing operations | (1) | (6,331) | (606) |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | 40 | (3) | (10) |
| Earnings (loss) from continuing operations attributable to the Company | (42) | (6,328) | (595) |
| Preferred stock dividends | (447) | (436) | (656) |
| Earnings (loss) from continuing operations attributable to GE common shareowners | (489) | (6,765) | (1,251) |
| Earnings (loss) from discontinued operations, net of taxes | (1,670) | (312) | (954) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 0 | 6 | (1) |
| Net earnings (loss) attributable to GE common shareowners | (2,159) | (7,083) | (2,204) |
| Goods | |||
| Sales | 121 | 130 | 115 |
| Cost of goods and services | 95 | 102 | 93 |
| Consolidated Entities | |||
| GE | |||
| Services | |||
| Sales | 38,788 | 36,187 | 33,729 |
| Cost of goods and services | 27,591 | 25,822 | 23,088 |
| GE Capital revenues from services | 0 | 0 | 0 |
| Total revenues (Note 9) | 113,642 | 111,255 | 110,615 |
| Selling, general and administrative expenses | 17,319 | 16,406 | 15,518 |
| Interest and other financial charges | 2,708 | 2,753 | 2,026 |
| Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
| Goodwill impairments (Note 8) | 22,136 | 1,165 | 0 |
| Non-operating benefit costs | 2,764 | 2,385 | 2,349 |
| Other costs and expenses | 0 | 0 | 0 |
| Total costs and expenses | 135,656 | 111,710 | 105,774 |
| Other income (Note 18) | 2,255 | 1,937 | 4,227 |
| GE Capital earnings (loss) from continuing operations | (489) | (6,765) | (1,251) |
| Earnings (loss) from continuing operations before income taxes | (20,248) | (5,282) | 7,817 |
| Benefit (provision) for income taxes (Note 14) | (957) | (3,691) | (298) |
| Earnings (loss) from continuing operations | (21,205) | (8,973) | 7,519 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (1,726) | (315) | (952) |
| Net earnings (loss) | (22,931) | (9,288) | 6,567 |
| Less net earnings (loss) attributable to noncontrolling interests | (129) | (368) | (278) |
| Net earnings (loss) attributable to the Company | (22,802) | (8,920) | 6,845 |
| Preferred stock dividends | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | (22,802) | (8,920) | 6,845 |
| Earnings (loss) from continuing operations | (21,205) | (8,973) | 7,519 |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | (129) | (368) | (278) |
| Earnings (loss) from continuing operations attributable to the Company | (21,076) | (8,605) | 7,797 |
| Preferred stock dividends | 0 | 0 | 0 |
| Earnings (loss) from continuing operations attributable to GE common shareowners | (21,076) | (8,605) | 7,797 |
| Earnings (loss) from discontinued operations, net of taxes | (1,726) | (315) | (952) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | (22,802) | (8,920) | 6,845 |
| Goods | |||
| Sales | 74,854 | 75,068 | 76,887 |
| Cost of goods and services | 63,137 | 63,180 | 62,793 |
| Product and Service | |||
| Goods | |||
| Sales | 74,855 | 74,990 | 76,721 |
| Cost of goods and services | 63,116 | 63,075 | 62,605 |
| Services | |||
| Sales | 38,689 | 35,977 | 33,450 |
| Cost of goods and services | 29,555 | 27,808 | 25,047 |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2018 | |
| 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 |