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Statement of Earnings (Unaudited) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues and other income        
Sales of goods $ 18,865 $ 18,543 $ 36,073 $ 35,143
Sales of services 9,163 7,513 17,269 14,596
Other income 3,150 780 3,158 922
GE Capital earnings (loss) from continuing operations 0 0 0 0
GE Capital revenues from services 2,316 2,390 4,838 4,804
Total revenues and other income 33,494 29,226 61,339 55,466
Costs and expenses        
Cost of goods sold 15,690 15,029 30,278 28,550
Cost of services sold 6,693 5,543 12,466 10,705
Selling, general and administrative expenses 4,883 4,385 9,491 8,800
Interest and other financial charges 1,326 713 3,062 1,331
Investment contracts, insurance losses and insurance annuity benefits 776 657 1,417 1,270
Other costs and expenses 303 287 562 578
Total costs and expenses 29,670 26,614 57,276 51,233
Earnings (loss) from continuing operations before income taxes 3,824 2,612 4,063 4,233
Benefit (provision) for income taxes (479) (799) (340) (7,093)
Earnings (loss) from continuing operations 3,345 1,813 3,723 (2,860)
Earnings (loss) from discontinued operations, net of taxes (Note 2) (541) 2,947 (849) (11,883)
Net earnings (loss) 2,804 (1,134) 2,874 (14,743)
Less net earnings (loss) attributable to noncontrolling interests (86) 225 (207) 190
Net earnings (loss) attributable to the Company 2,890 (1,360) 3,081 (14,933)
Preferred stock dividends (152) 0 (441) 0
Net earnings (loss) attributable to GE common shareowners 2,738 (1,360) 2,639 (14,933)
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations 3,345 1,813 3,723 (2,860)
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests (89) 133 (210) 9
Earnings (loss) from continuing operations attributable to the Company 3,433 1,679 3,933 (2,869)
Preferred stock dividends (152) 0 (441) 0
Net earnings (loss) from continuing operations attributable to GE common shareowners 3,281 1,679 3,492 (2,869)
Earnings (loss) from discontinued operations, net of taxes (541) (2,947) (849) (11,883)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 3 92 3 181
Net earnings (loss) attributable to GE common shareowners $ 2,738 $ (1,360) $ 2,639 $ (14,933)
Earnings (loss) from continuing operations        
Diluted earnings (loss) per share $ 0.36 $ 0.17 $ 0.38 $ (0.29)
Basic earnings (loss) per share 0.36 0.17 0.38 (0.29)
Net earnings        
Diluted earnings (loss) per share 0.3 (0.13) 0.28 (1.48)
Basic earnings (loss) per share 0.3 (0.13) 0.29 (1.48)
Dividends declared per common share $ 0.23 $ 0.23 $ 0.46 $ 0.46
GE        
Revenues and other income        
Sales of goods [1] $ 18,912 $ 18,549 $ 36,124 $ 35,197
Sales of services [1] 9,238 7,592 17,432 14,784
Other income [1] 3,054 769 3,146 822
GE Capital earnings (loss) from continuing operations [1] (600) (332) (1,492) (6,053)
GE Capital revenues from services [1] 0 0 0 0
Total revenues and other income [1] 30,604 26,578 55,210 44,748
Costs and expenses        
Cost of goods sold [1],[2] 15,742 15,035 30,339 28,606
Cost of services sold [1],[2] 6,216 5,073 11,509 9,827
Selling, general and administrative expenses [1] 4,231 3,661 8,214 7,486
Interest and other financial charges [1] 567 414 1,007 803
Investment contracts, insurance losses and insurance annuity benefits [1] 0 0 0 0
Other costs and expenses [1] 0 0 0 0
Total costs and expenses [1] 26,756 24,183 51,069 46,722
Earnings (loss) from continuing operations before income taxes [1] 3,847 2,395 4,141 (1,974)
Benefit (provision) for income taxes [1] (648) (583) (849) (890)
Earnings (loss) from continuing operations [1] 3,200 1,811 3,292 (2,864)
Earnings (loss) from discontinued operations, net of taxes (Note 2) [1] (544) (3,039) (852) (12,064)
Net earnings (loss) 2,656 (1,227) 2,440 [3] (14,927) [3]
Less net earnings (loss) attributable to noncontrolling interests (82) 132 (199) [3] 6 [3]
Net earnings (loss) attributable to the Company 2,738 (1,360) 2,639 [3] (14,933) [3]
Preferred stock dividends [1] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] 2,738 (1,360) 2,639 (14,933)
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations [1] 3,200 1,811 3,292 (2,864)
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests [1] (82) 132 (199) 6
Earnings (loss) from continuing operations attributable to the Company [1] 3,281 1,679 3,492 (2,869)
Preferred stock dividends [1] 0 0 0 0
Net earnings (loss) from continuing operations attributable to GE common shareowners [1] 3,281 1,679 3,492 (2,869)
Earnings (loss) from discontinued operations, net of taxes (544) (3,039) (852) [3] (12,064) [3]
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 0 [1] 0 [1] 0 0
Net earnings (loss) attributable to GE common shareowners [1] 2,738 (1,360) 2,639 (14,933)
GE Capital        
Revenues and other income        
Sales of goods 29 22 54 43
Sales of services 0 0 0 0
Other income 0 0 0 0
GE Capital earnings (loss) from continuing operations 0 0 0 0
GE Capital revenues from services 2,742 2,668 5,602 5,513
Total revenues and other income 2,771 2,690 5,656 5,556
Costs and expenses        
Cost of goods sold [2] 24 22 44 40
Cost of services sold [2] 552 550 1,120 1,066
Selling, general and administrative expenses 733 806 1,607 1,597
Interest and other financial charges 958 423 2,389 762
Investment contracts, insurance losses and insurance annuity benefits 815 706 1,486 1,347
Other costs and expenses 313 300 581 590
Total costs and expenses 3,394 2,805 7,227 5,402
Earnings (loss) from continuing operations before income taxes (623) (115) (1,571) 153
Benefit (provision) for income taxes 168 (216) 509 (6,203)
Earnings (loss) from continuing operations (454) (331) (1,062) (6,050)
Earnings (loss) from discontinued operations, net of taxes (Note 2) (541) (2,944) (849) (11,879)
Net earnings (loss) (995) (3,275) (1,911) (17,929)
Less net earnings (loss) attributable to noncontrolling interests (4) 93 (8) 184
Net earnings (loss) attributable to the Company (991) (3,368) (1,903) (18,113)
Preferred stock dividends (152) (161) (441) (161)
Net earnings (loss) attributable to GE common shareowners (1,143) (3,529) (2,344) (18,274)
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations (454) (331) (1,062) (6,050)
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests (7) 1 (11) 3
Earnings (loss) from continuing operations attributable to the Company (448) (332) (1,051) (6,053)
Preferred stock dividends (152) (161) (441) (161)
Net earnings (loss) from continuing operations attributable to GE common shareowners (600) (493) (1,492) (6,215)
Earnings (loss) from discontinued operations, net of taxes (541) (2,944) (849) (11,879)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 3 92 3 181
Net earnings (loss) attributable to GE common shareowners $ (1,143) $ (3,529) $ (2,344) $ (18,274)
[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
[2] Includes revisions to previously reported amounts, which increased GE cost of goods sold and decreased GE cost of services sold by $728 million and $1,129 million for the three and six months ended June 30, 2015, respectively.
[3] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.