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Statement of Earnings - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Revenues and other income      
Sales of goods $ 76,569 $ 71,873 $ 72,990
Sales of services 30,190 28,669 27,158
Other income (Note 17) 778 3,108 2,563
GECC earnings from continuing operations 0 0 0
GECC revenues from services (Note 18) 24,671 25,336 25,180
Total revenues and other income 132,208 128,986 127,891
Costs and expenses (Note 19)      
Cost of goods sold 61,257 57,867 56,785
Cost of services sold 20,054 19,274 17,525
Interest and other financial charges 5,334 5,539 6,442
Investment contracts, insurance losses and insurance annuity benefits 2,548 2,676 2,857
Provision for losses on financing receivables (Note 6) 3,623 4,053 3,224
Other costs and expenses 25,238 26,154 26,497
Total costs and expenses 118,054 115,563 113,330
Earnings from continuing operations before income taxes 14,154 13,423 14,561
Benefit (provision) for income taxes (Note 14) (1,508) (1,212) (2,526)
Earnings from continuing operations 12,646 12,211 12,035
Earnings (loss) from discontinued operations, net of taxes (Note 2) 2,699 1,144 1,829
Net earnings 15,345 13,355 13,864
Less net earnings (loss) attributable to noncontrolling interests 112 298 223
Net earnings attributable to the Company 15,233 13,057 13,641
Preferred stock dividends declared 0 0 0
Net earnings attributable to GE common shareowners 15,233 13,057 13,641
Amounts attributable to GE common shareowners      
Earnings from continuing operations 12,646 12,211 12,035
Less net earnings (loss) attributable to noncontrolling interests 112 298 223
Earnings from continuing operations attributable to the Company 12,534 11,913 11,812
GECC preferred stock dividends declared 0 0 0
Earnings from continuing operations attributable to GE common shareowners 12,534 11,913 11,812
Earnings (loss) from discontinued operations, net of taxes 2,699 1,144 1,829
Net earnings attributable to GE common shareowners $ 15,233 $ 13,057 $ 13,641
Earnings from continuing operations      
Diluted earnings per share $ 1.24 $ 1.16 $ 1.12
Basic earnings per share 1.25 1.16 1.12
Net earnings      
Diluted earnings per share 1.5 1.27 1.29
Basic earnings per share 1.51 1.28 1.29
Dividends declared per common share $ 0.89 $ 0.79 $ 0.7
GE      
Revenues and other income      
Sales of goods [1] $ 76,714 $ 71,951 $ 73,304
Sales of services [1] 30,594 29,063 27,571
Other income (Note 17) [1] 707 2,886 2,657
GECC earnings from continuing operations [1] 4,530 4,994 4,533
GECC revenues from services (Note 18) [1] 0 0 0
Total revenues and other income [1] 112,545 108,894 108,065
Costs and expenses (Note 19)      
Cost of goods sold [1] 61,420 57,962 57,118
Cost of services sold [1] 20,457 19,668 17,938
Interest and other financial charges [1] 1,579 1,333 1,353
Investment contracts, insurance losses and insurance annuity benefits [1] 0 0 0
Provision for losses on financing receivables (Note 6) [2] 0 0 0
Other costs and expenses [1] 14,971 16,105 17,671
Total costs and expenses [1] 98,427 95,068 94,080
Earnings from continuing operations before income taxes [1] 14,118 13,826 13,985
Benefit (provision) for income taxes (Note 14) [1] (1,634) (1,668) (2,013)
Earnings from continuing operations [1] 12,484 12,158 11,972
Earnings (loss) from discontinued operations, net of taxes (Note 2) [1] 2,699 1,144 1,829
Net earnings [2] 15,183 13,302 13,801
Less net earnings (loss) attributable to noncontrolling interests [2] (50) 245 160
Net earnings attributable to the Company [2] 15,233 13,057 13,641
Preferred stock dividends declared [1] 0 0 0
Net earnings attributable to GE common shareowners [1] 15,233 13,057 13,641
Amounts attributable to GE common shareowners      
Earnings from continuing operations [1] 12,484 12,158 11,972
Less net earnings (loss) attributable to noncontrolling interests [2] (50) 245 160
Earnings from continuing operations attributable to the Company [1] 12,534 11,913 11,812
GECC preferred stock dividends declared [1] 0 0 0
Earnings from continuing operations attributable to GE common shareowners [1] 12,534 11,913 11,812
Earnings (loss) from discontinued operations, net of taxes [2] 2,699 1,144 1,829
Net earnings attributable to GE common shareowners [1] 15,233 13,057 13,641
GECC      
Revenues and other income      
Sales of goods 121 126 118
Sales of services 0 0 0
Other income (Note 17) 0 0 0
GECC earnings from continuing operations 0 0 0
GECC revenues from services (Note 18) 26,223 26,882 26,453
Total revenues and other income 26,344 27,008 26,571
Costs and expenses (Note 19)      
Cost of goods sold 104 108 99
Cost of services sold 0 0 0
Interest and other financial charges 4,249 4,690 5,632
Investment contracts, insurance losses and insurance annuity benefits 2,678 2,779 2,984
Provision for losses on financing receivables (Note 6) 3,623 4,053 3,224
Other costs and expenses 11,124 10,787 9,523
Total costs and expenses 21,778 22,417 21,462
Earnings from continuing operations before income taxes 4,566 4,591 5,109
Benefit (provision) for income taxes (Note 14) 126 456 (513)
Earnings from continuing operations 4,692 5,047 4,596
Earnings (loss) from discontinued operations, net of taxes (Note 2) 2,704 1,210 1,682
Net earnings 7,396 6,257 6,278
Less net earnings (loss) attributable to noncontrolling interests 162 53 63
Net earnings attributable to the Company 7,234 6,204 6,215
Preferred stock dividends declared (322) (298) (123)
Net earnings attributable to GE common shareowners 6,912 5,906 6,092
Amounts attributable to GE common shareowners      
Earnings from continuing operations 4,692 5,047 4,596
Less net earnings (loss) attributable to noncontrolling interests 162 53 63
Earnings from continuing operations attributable to the Company 4,530 4,994 4,533
GECC preferred stock dividends declared (322) (298) (123)
Earnings from continuing operations attributable to GE common shareowners 4,208 4,696 4,410
Earnings (loss) from discontinued operations, net of taxes 2,704 1,210 1,682
Net earnings attributable to GE common shareowners $ 6,912 $ 5,906 $ 6,092
[1] (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), which is presented on a one-line basis. See Note 1.
[2] (a) Represents the adding together of all affiliated companies except Gener al Electric Capital Corporation (GECC or Financial Services), which is presented on a one-line basis.