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: 2021 | |||
STATEMENT OF EARNINGS (LOSS) | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues | |||
| Insurance revenues (Note 11) | $ 3,106 | 2,865 | 2,802 |
| Total revenues (Note 23) | 74,196 | 75,833 | 90,221 |
| Costs and expenses | |||
| Selling, general and administrative expenses | 11,707 | 12,592 | 13,806 |
| Research and development | 2,497 | 2,565 | 3,118 |
| Interest and other financial charges | 1,876 | 2,068 | 2,927 |
| Debt extinguishment costs (Note 10) | 6,524 | 301 | 256 |
| Insurance losses and annuity benefits (Note 11) | 2,283 | 2,397 | 3,294 |
| Goodwill impairments (Note 7) | 0 | 877 | 1,486 |
| Non-operating benefit costs | 1,782 | 2,430 | 2,839 |
| Other costs and expenses | 136 | 159 | 176 |
| Total costs and expenses | 80,702 | 81,259 | 92,754 |
| Other income (Note 18) | 2,823 | 11,396 | 2,479 |
| Earnings (loss) from continuing operations before income taxes | (3,683) | 5,970 | (54) |
| Benefit (provision) for income taxes (Note 14) | 286 | 487 | (552) |
| Earnings (loss) from continuing operations | (3,396) | 6,457 | (606) |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (3,195) | (911) | (4,306) |
| Net earnings (loss) | (6,591) | 5,546 | (4,912) |
| Less net earnings (loss) attributable to noncontrolling interests | (71) | (158) | 66 |
| Net earnings (loss) attributable to the Company | (6,520) | 5,704 | (4,979) |
| Preferred stock dividends | (237) | (474) | (460) |
| Net earnings (loss) attributable to GE common shareholders | (6,757) | 5,230 | (5,439) |
| Amounts attributable to GE common shareholders | |||
| Earnings (loss) from continuing operations | (3,396) | 6,457 | (606) |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | (71) | (158) | 7 |
| Earnings (loss) from continuing operations attributable to the Company | (3,325) | 6,615 | (613) |
| Preferred stock dividends | (237) | (474) | (460) |
| Earnings (loss) from continuing operations attributable to GE common shareholders | (3,562) | 6,141 | (1,073) |
| Earnings (loss) from discontinued operations attributable to GE common shareholders | (3,195) | (911) | (4,366) |
| Net earnings (loss) attributable to GE common shareholders | (6,757) | 5,230 | (5,439) |
| Earnings (loss) per share from continuing operations (Note 17) | |||
| Diluted earnings (loss) per share (in dollars per share) | (3.25) | 5.46 | (0.98) |
| Basic earnings (loss) per share (in dollars per share) | (3.25) | 5.46 | (0.98) |
| Net earnings (loss) per share (Note 17) | |||
| Diluted earnings (loss) per share (in dollars per share) | (6.16) | 4.63 | (4.99) |
| Basic earnings (loss) per share (in dollars per share) | (6.16) | 4.63 | (4.99) |
| Product and Service | |||
| Equipment | |||
| Sales | 34,200 | 37,584 | 42,811 |
| Cost of sales | 31,399 | 35,242 | 37,572 |
| Services | |||
| Sales | 36,890 | 35,385 | 44,608 |
| Cost of sales | 22,497 | 22,629 | 27,280 |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2021 | |
| 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 |