XML 64 R22.htm IDEA: XBRL DOCUMENT v2.4.0.6
Earnings Per Share Information
 6 Months Ended
Jun. 30, 2012
Earnings Per Share [Abstract]  
Earnings Per Share Information

14. EARNINGS PER SHARE INFORMATION

GE's authorized common stock consists of 13,200,000,000 shares having a par value of $0.06 each. Information related to the calculation of earnings per share follows.

 Three months ended June 30
 2012 2011
(In millions; per-share amounts in dollars)Diluted Basic Diluted Basic
            
Amounts attributable to the Company:           
Consolidated            
Earnings from continuing operations for           
   per-share calculation(a)$ 3,653 $ 3,652 $ 3,564 $ 3,564
Preferred stock dividends declared  0   0   (75)   (75)
Earnings from continuing operations attributable           
to common shareowners for per-share           
   calculation(a)  3,653   3,652   3,489   3,489
Earnings (loss) from discontinued operations           
   for per-share calculation(a)  (551)   (551)   194   194
Net earnings attributable to GE common            
   shareowners for per-share calculation(a)$ 3,101 $ 3,101 $ 3,683 $ 3,682
            
Average equivalent shares           
Shares of GE common stock outstanding  10,574   10,574   10,604   10,604
Employee compensation-related shares,           
   including stock options  37   0   35   0
Total average equivalent shares  10,611   10,574   10,639   10,604
            
Per-share amounts           
Earnings from continuing operations$ 0.34 $ 0.35 $ 0.33 $ 0.33
Earnings (loss) from discontinued operations  (0.05)   (0.05)   0.02   0.02
Net earnings  0.29   0.29   0.35   0.35
            
            

(a)       Included an insignificant amount of dividend equivalents in each of the periods presented.

 Six months ended June 30
 2012 2011
(In millions; per-share amounts in dollars)Diluted Basic Diluted Basic
            
Amounts attributable to the Company:           
Consolidated            
Earnings from continuing operations for           
   per-share calculation(a)$ 6,899 $ 6,899 $ 6,956 $ 6,956
Preferred stock dividends declared  0   0   (150)   (150)
Earnings from continuing operations attributable to           
   common shareowners for per-share           
   calculation(a)  6,899   6,899   6,806   6,806
Earnings (loss) from discontinued operations           
   for per-share calculation(a)  (768)   (768)   229   229
Net earnings attributable to GE common            
   shareowners for per-share calculation(a)$ 6,131 $ 6,131 $ 7,034 $ 7,034
            
Average equivalent shares           
Shares of GE common stock outstanding  10,574   10,574   10,608   10,608
Employee compensation-related shares,           
   including stock options  34   0   32   0
Total average equivalent shares  10,608   10,574   10,640   10,608
            
Per-share amounts           
Earnings from continuing operations$ 0.65 $ 0.65 $ 0.64 $ 0.64
Earnings (loss) from discontinued operations  (0.07)   (0.07)   0.02   0.02
Net earnings  0.58   0.58   0.66   0.66
            
            

(a)       Included an insignificant amount of dividend equivalents in each of the periods presented.

 

For the three and six months ended June 30, 2012 and 2011, there were approximately 245 million and 286 million, respectively, and 283 million and 290 million, respectively, of outstanding stock awards that were not included in the computation of diluted earnings per share because their effect was antidilutive.

 

Earnings-per-share amounts are computed independently for earnings from continuing operations, earnings (loss) from discontinued operations and net earnings. As a result, the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per-share amounts for net earnings.