XML 113 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
STATEMENT OF EARNINGS (LOSS) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues and other income        
Sales of goods $ 18,364 $ 18,865 $ 35,176 $ 36,073
Sales of services 8,875 9,163 17,291 17,269
Other income 298 3,150 465 3,158
GE Capital earnings (loss) from continuing operations 0 0 0 0
GE Capital revenues from services 2,022 2,316 4,286 4,838
Total revenues and other income 29,558 33,494 57,219 61,339
Costs and expenses        
Cost of goods sold 15,501 15,690 29,991 30,278
Cost of services sold 6,292 6,693 12,162 12,466
Selling, general and administrative expenses 4,287 4,883 8,793 9,491
Interest and other financial charges 1,174 1,326 2,313 3,062
Investment contracts, insurance losses and insurance annuity benefits 657 776 1,291 1,417
Other costs and expenses 133 303 323 562
Total costs and expenses 28,044 29,670 54,872 57,276
Earnings (loss) from continuing operations before income taxes 1,515 3,824 2,346 4,063
Benefit (provision) for income taxes (15) (461) (31) (284)
Earnings (loss) from continuing operations 1,499 3,363 2,315 3,779
Earnings (loss) from discontinued operations, net of taxes (Note 2) (146) (541) (385) (849)
Net earnings (loss) 1,354 2,823 1,931 2,930
Less net earnings (loss) attributable to noncontrolling interests (14) (86) (90) (207)
Net earnings (loss) attributable to the Company 1,367 2,908 2,020 3,137
Preferred stock dividends (182) (152) (216) (441)
Net earnings (loss) attributable to GE common shareowners 1,185 2,756 1,804 2,695
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations 1,499 3,363 2,315 3,779
Less net earnings (loss) attributable to noncontrolling interests, continuing operations (21) (89) (97) (210)
Earnings (loss) from continuing operations attributable to the Company 1,520 3,452 2,412 3,989
Preferred stock dividends (182) (152) (216) (441)
Earnings (loss) from continuing operations attributable to GE common shareowners 1,338 3,300 2,196 3,548
Earnings (loss) from discontinued operations, net of taxes (146) (541) (385) (849)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 7 3 7 3
Net earnings (loss) attributable to GE common shareowners $ 1,185 $ 2,756 $ 1,804 $ 2,695
Earnings (loss) from continuing operations        
Diluted earnings (loss) per share (in dollars per share) $ 0.15 $ 0.36 $ 0.25 $ 0.38
Basic earnings (loss) per share (in dollars per share) 0.15 0.36 0.25 0.39
Net earnings (loss)        
Diluted earnings (loss) per share (in dollars per share) 0.13 0.30 0.20 0.29
Basic earnings (loss) per share (in dollars per share) 0.14 0.30 0.21 0.29
Dividends declared per common share (in dollars per share) $ 0.24 $ 0.23 $ 0.48 $ 0.46
GE        
Revenues and other income        
Sales of goods [1] $ 18,426 $ 18,912 $ 35,264 $ 36,124
Sales of services [1] 8,867 9,238 17,420 17,432
Other income [1] 300 3,054 437 3,146
GE Capital earnings (loss) from continuing operations [1] (172) (600) (219) (1,492)
GE Capital revenues from services [1] 0 0 0 0
Total revenues and other income [1] 27,421 30,604 52,902 55,210
Costs and expenses        
Cost of goods sold [1] 15,571 15,742 30,092 30,339
Cost of services sold [1] 5,757 6,216 11,210 11,509
Selling, general and administrative expenses [1] 3,919 4,231 7,939 8,214
Interest and other financial charges [1] 637 567 1,200 1,007
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] 25,883 26,756 50,441 51,069
Earnings (loss) from continuing operations before income taxes [1] 1,538 3,847 2,461 4,141
Benefit (provision) for income taxes [1] (218) (629) (361) (793)
Earnings (loss) from continuing operations [1] 1,320 3,218 2,100 3,349
Earnings (loss) from discontinued operations, net of taxes (Note 2) [1] (152) (544) (392) (852)
Net earnings (loss) [1] 1,167 2,674 1,708 [2] 2,496 [2]
Less net earnings (loss) attributable to noncontrolling interests [1] (18) (82) (96) [2] (199) [2]
Net earnings (loss) attributable to the Company [1] 1,185 2,756 1,804 [2] 2,695 [2]
Preferred stock dividends [1] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] 1,185 2,756 1,804 2,695
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations [1] 1,320 3,218 2,100 3,349
Less net earnings (loss) attributable to noncontrolling interests, continuing operations [1] (18) (82) (96) (199)
Earnings (loss) from continuing operations attributable to the Company [1] 1,338 3,300 2,196 3,548
Preferred stock dividends [1] 0 0 0 0
Earnings (loss) from continuing operations attributable to GE common shareowners [1] 1,338 3,300 2,196 3,548
Earnings (loss) from discontinued operations, net of taxes [1] (152) (544) (392) [2] (852) [2]
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations [1] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] 1,185 2,756 1,804 2,695
Financial Services (GE Capital)        
Revenues and other income        
Sales of goods 33 29 62 54
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 2,413 2,742 5,065 5,602
Total revenues and other income 2,446 2,771 5,127 5,656
Costs and expenses        
Cost of goods sold 27 24 50 44
Cost of services sold 520 552 1,082 1,120
Selling, general and administrative expenses 498 733 1,073 1,607
Interest and other financial charges 771 958 1,582 2,389
Investment contracts, insurance losses and insurance annuity benefits 682 815 1,318 1,486
Other costs and expenses 144 313 358 581
Total costs and expenses 2,641 3,394 5,461 7,227
Earnings (loss) from continuing operations before income taxes (195) (623) (334) (1,571)
Benefit (provision) for income taxes 202 168 330 509
Earnings (loss) from continuing operations 7 (454) (4) (1,062)
Earnings (loss) from discontinued operations, net of taxes (Note 2) (146) (541) (388) (849)
Net earnings (loss) (138) (995) (392) (1,911)
Less net earnings (loss) attributable to noncontrolling interests 4 (4) 6 (8)
Net earnings (loss) attributable to the Company (142) (991) (398) (1,903)
Preferred stock dividends (182) (152) (216) (441)
Net earnings (loss) attributable to GE common shareowners (324) (1,143) (614) (2,344)
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations 7 (454) (4) (1,062)
Less net earnings (loss) attributable to noncontrolling interests, continuing operations (3) (7) (1) (11)
Earnings (loss) from continuing operations attributable to the Company 10 (448) (3) (1,051)
Preferred stock dividends (182) (152) (216) (441)
Earnings (loss) from continuing operations attributable to GE common shareowners (172) (600) (219) (1,492)
Earnings (loss) from discontinued operations, net of taxes (146) (541) (388) (849)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 7 3 7 3
Net earnings (loss) attributable to GE common shareowners $ (324) $ (1,143) $ (614) $ (2,344)
[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
[2] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.