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: 2022 | |||
STATEMENT OF EARNINGS (LOSS) | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues | |||
| Insurance revenues (Note 12) | $ 2,954 | 3,106 | 2,865 |
| Total revenues | 76,555 | 74,196 | 75,833 |
| Costs and expenses | |||
| Selling, general and administrative expenses | 12,781 | 11,716 | 12,628 |
| Separation costs (Note 20) | 973 | 0 | 0 |
| Research and development | 2,813 | 2,497 | 2,565 |
| Interest and other financial charges | 1,607 | 1,876 | 2,068 |
| Debt extinguishment costs (Note 10) | 465 | 6,524 | 301 |
| Insurance losses, annuity benefits and other costs (Note 12) | 2,734 | 2,410 | 2,519 |
| Goodwill impairments (Note 7) | 0 | 0 | 877 |
| Non-operating benefit cost (income) | (532) | 1,782 | 2,430 |
| Total costs and expenses | 76,375 | 80,702 | 81,259 |
| Other income (loss) (Note 19) | 1,231 | 2,823 | 11,396 |
| Earnings (loss) from continuing operations before income taxes | 1,412 | (3,683) | 5,970 |
| Provision (benefit) for income taxes (Note 15) | (476) | 286 | 487 |
| Earnings (loss) from continuing operations | 936 | (3,396) | 6,457 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (644) | (3,195) | (911) |
| Net earnings (loss) | 292 | (6,591) | 5,546 |
| Less net earnings (loss) attributable to noncontrolling interests | 67 | (71) | (158) |
| Net earnings (loss) attributable to the Company | 225 | (6,520) | 5,704 |
| Preferred stock dividends | (289) | (237) | (474) |
| Net earnings (loss) attributable to GE common shareholders | (64) | (6,757) | 5,230 |
| Amounts attributable to GE common shareholders | |||
| Earnings (loss) from continuing operations | 936 | (3,396) | 6,457 |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | 67 | (71) | (158) |
| Earnings (loss) from continuing operations attributable to the Company | 869 | (3,325) | 6,615 |
| Preferred stock dividends | (289) | (237) | (474) |
| Earnings (loss) from continuing operations attributable to GE common shareholders | 581 | (3,562) | 6,141 |
| Earnings (loss) from discontinued operations attributable to GE common shareholders | (644) | (3,195) | (911) |
| Net earnings (loss) attributable to GE common shareholders | (64) | (6,757) | 5,230 |
| Earnings (loss) per share from continuing operations (Note 18) | |||
| Diluted earnings (loss) per share (in dollars per share) | 0.53 | (3.25) | 5.46 |
| Basic earnings (loss) per share (in dollars per share) | 0.53 | (3.25) | 5.46 |
| Net earnings (loss) per share (Note 18) | |||
| Diluted earnings (loss) per share (in dollars per share) | (0.05) | (6.16) | 4.63 |
| Basic earnings (loss) per share (in dollars per share) | (0.06) | (6.16) | 4.63 |
| Product and Service | |||
| Equipment | |||
| Sales | 31,976 | 34,200 | 37,584 |
| Cost of sales | 30,426 | 31,399 | 35,242 |
| Services | |||
| Sales | 41,626 | 36,890 | 35,385 |
| Cost of sales | 25,109 | 22,497 | 22,629 |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2022 | |
| 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 |