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Statement of Earnings (Unaudited) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues and other income        
Sales of goods $ 18,553 $ 17,860 $ 54,626 $ 53,003
Sales of services 8,261 7,667 25,530 22,263
Other income 227 169 3,385 1,092
GE Capital earnings (loss) from continuing operations 0 0 0 0
GE Capital revenues from services 2,224 2,332 7,063 7,136
Total revenues and other income 29,266 28,028 90,604 83,494
Costs and expenses        
Cost of goods sold 15,255 14,198 45,533 42,748
Cost of services sold 5,711 5,657 18,177 16,362
Selling, general and administrative expenses 4,343 4,258 13,833 13,058
Interest and other financial charges 961 897 4,023 2,228
Investment contracts, insurance losses and insurance annuity benefits 684 673 2,101 1,942
Other costs and expenses 238 295 801 873
Total costs and expenses 27,191 25,978 84,467 77,211
Earnings (loss) from continuing operations before income taxes 2,074 2,050 6,137 6,283
Benefit (provision) for income taxes (18) (135) (302) (7,227)
Earnings (loss) from continuing operations 2,056 1,915 5,835 (945)
Earnings (loss) from discontinued operations, net of taxes (Note 2) (105) (629) (954) (11,253)
Net earnings (loss) 1,951 2,545 4,881 (12,198)
Less net earnings (loss) attributable to noncontrolling interests (76) 39 (283) 229
Net earnings (loss) attributable to the Company 2,027 2,506 5,164 (12,427)
Preferred stock dividends (33) 0 (474) 0
Net earnings (loss) attributable to GE common shareowners 1,994 2,506 4,689 (12,427)
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations 2,056 1,915 5,835 (945)
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests (74) (50) (285) (41)
Earnings (loss) from continuing operations attributable to the Company 2,131 1,965 6,120 (904)
Preferred stock dividends (33) 0 (474) 0
Net earnings (loss) from continuing operations attributable to GE common shareowners 2,097 1,965 5,645 (904)
Earnings (loss) from discontinued operations, net of taxes (105) 629 (954) (11,253)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations (2) 89 2 270
Net earnings (loss) attributable to GE common shareowners $ 1,994 $ 2,506 $ 4,689 $ (12,427)
Earnings (loss) from continuing operations        
Diluted earnings (loss) per share $ 0.23 $ 0.19 $ 0.61 $ (0.09)
Basic earnings (loss) per share 0.24 0.19 0.62 (0.09)
Net earnings        
Diluted earnings (loss) per share 0.22 0.25 0.51 (1.23)
Basic earnings (loss) per share 0.22 0.25 0.51 (1.23)
Dividends declared per common share $ 0.23 $ 0.23 $ 0.69 $ 0.69
GE        
Revenues and other income        
Sales of goods [1] $ 18,621 $ 17,874 $ 54,745 $ 53,071
Sales of services [1] 8,313 7,738 25,745 22,521
Other income [1] 213 201 3,359 1,023
GE Capital earnings (loss) from continuing operations [1] 26 (154) (1,466) (6,207)
GE Capital revenues from services [1] 0 0 0 0
Total revenues and other income [1] 27,172 25,659 82,382 70,408
Costs and expenses        
Cost of goods sold [1] 15,329 14,215 45,669 42,821
Cost of services sold [1] 5,216 5,122 16,725 14,948
Selling, general and administrative expenses [1] 3,880 3,549 12,094 11,035
Interest and other financial charges [1] 483 440 1,490 1,243
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] 24,909 23,325 75,977 70,048
Earnings (loss) from continuing operations before income taxes [1] 2,263 2,334 6,405 360
Benefit (provision) for income taxes [1] (241) (413) (1,034) (1,302)
Earnings (loss) from continuing operations [1] 2,022 1,921 5,370 (942)
Earnings (loss) from discontinued operations, net of taxes (Note 2) [1] (103) 541 (956) (11,523)
Net earnings (loss) [1] 1,918 2,462 4,414 (12,465)
Less net earnings (loss) attributable to noncontrolling interests [1] (76) (43) (275) (38)
Net earnings (loss) attributable to the Company [1] 1,994 2,506 4,689 (12,427)
Preferred stock dividends [1] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] 1,994 2,506 4,689 (12,427)
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations [1] 2,022 1,921 5,370 (942)
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests [1] (76) (43) (275) (38)
Earnings (loss) from continuing operations attributable to the Company [1] 2,097 1,965 5,645 (904)
Preferred stock dividends [1] 0 0 0 0
Net earnings (loss) from continuing operations attributable to GE common shareowners [1] 2,097 1,965 5,645 (904)
Earnings (loss) from discontinued operations, net of taxes [1] (103) 541 (956) (11,523)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations [1] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] 1,994 2,506 4,689 (12,427)
GE Capital        
Revenues and other income        
Sales of goods 34 21 88 64
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 2,566 2,639 8,168 8,152
Total revenues and other income 2,600 2,660 8,256 8,215
Costs and expenses        
Cost of goods sold 27 18 71 58
Cost of services sold 547 606 1,667 1,672
Selling, general and administrative expenses 631 861 2,238 2,458
Interest and other financial charges 617 586 3,006 1,348
Investment contracts, insurance losses and insurance annuity benefits 700 714 2,186 2,061
Other costs and expenses 241 313 822 903
Total costs and expenses 2,763 3,098 9,990 8,500
Earnings (loss) from continuing operations before income taxes (163) (438) (1,734) (285)
Benefit (provision) for income taxes 223 278 732 (5,925)
Earnings (loss) from continuing operations 60 (160) (1,002) (6,210)
Earnings (loss) from discontinued operations, net of taxes (Note 2) (105) 630 (954) (11,249)
Net earnings (loss) (45) 470 (1,956) (17,459)
Less net earnings (loss) attributable to noncontrolling interests 0 83 (8) 267
Net earnings (loss) attributable to the Company (45) 387 (1,948) (17,726)
Preferred stock dividends (33) 0 (474) (161)
Net earnings (loss) attributable to GE common shareowners (78) 387 (2,422) (17,887)
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations 60 (160) (1,002) (6,210)
Less net earnings (loss) from continuing operations, attributable to noncontrolling interests 1 (6) (10) (3)
Earnings (loss) from continuing operations attributable to the Company 59 (154) (992) (6,207)
Preferred stock dividends (33) 0 (474) (161)
Net earnings (loss) from continuing operations attributable to GE common shareowners 26 (154) (1,466) (6,368)
Earnings (loss) from discontinued operations, net of taxes (105) 630 (954) (11,249)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations (2) 89 2 270
Net earnings (loss) attributable to GE common shareowners $ (78) $ 387 $ (2,422) $ (17,887)
[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.