XML 113 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
STATEMENT OF EARNINGS (LOSS) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues and other income        
Sales of goods $ 19,386 $ 18,553 $ 54,562 $ 54,626
Sales of services 10,043 8,261 27,333 25,530
Other income 2,146 227 2,611 3,385
GE Capital earnings (loss) from continuing operations 0 0 0 0
GE Capital revenues from services 1,898 2,224 6,184 7,063
Total revenues and other income (loss) 33,472 29,266 90,691 90,604
Costs and expenses        
Cost of goods sold 16,815 15,255 46,805 45,533
Cost of services sold 7,279 5,711 19,441 18,177
Selling, general and administrative expenses 4,855 4,343 13,649 13,833
Interest and other financial charges 1,232 961 3,545 4,023
Investment contracts, insurance losses and insurance annuity benefits 617 684 1,908 2,101
Other costs and expenses 1,208 238 1,531 801
Total costs and expenses 32,006 27,191 86,879 84,467
Earnings (loss) from continuing operations before income taxes 1,466 2,074 3,812 6,137
Benefit (provision) for income taxes 334 (18) 303 (302)
Earnings (loss) from continuing operations 1,800 2,056 4,115 5,835
Earnings (loss) from discontinued operations, net of taxes (106) (105) (490) (954)
Net earnings (loss) 1,694 1,951 3,624 4,881
Less net earnings (loss) attributable to noncontrolling interests (142) (76) (231) (283)
Net earnings (loss) attributable to the Company 1,836 2,027 3,856 5,164
Preferred stock dividends (36) (33) (252) (474)
Net earnings (loss) attributable to GE common shareowners 1,800 1,994 3,604 4,689
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations 1,800 2,056 4,115 5,835
Less net earnings (loss) attributable to noncontrolling interests, continuing operations (141) (74) (238) (285)
Earnings (loss) from continuing operations attributable to the Company 1,941 2,131 4,352 6,120
Preferred stock dividends (36) (33) (252) (474)
Earnings (loss) from continuing operations attributable to GE common shareowners 1,905 2,097 4,101 5,645
Earnings (loss) from discontinued operations, net of taxes (106) (105) (490) (954)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations (1) (2) 6 2
Net earnings (loss) attributable to GE common shareowners $ 1,800 $ 1,994 $ 3,604 $ 4,689
Earnings (loss) from continuing operations        
Diluted earnings (loss) per share (in dollars per share) $ 0.22 $ 0.23 $ 0.47 $ 0.61
Basic earnings (loss) per share (in dollars per share) 0.22 0.24 0.47 0.62
Net earnings (loss)        
Diluted earnings (loss) per share (in dollars per share) 0.21 0.22 0.41 0.51
Basic earnings (loss) per share (in dollars per share) 0.21 0.22 0.41 0.51
Dividends declared per common share (in dollars per share) $ 0.24 $ 0.23 $ 0.72 $ 0.69
GE        
Revenues and other income        
Sales of goods [1] $ 19,358 $ 18,621 $ 54,622 $ 54,745
Sales of services [1] 10,080 8,313 27,501 25,745
Other income [1] 2,141 213 2,578 3,359
GE Capital earnings (loss) from continuing operations [1] 24 26 (195) (1,466)
GE Capital revenues from services [1] 0 0 0 0
Total revenues and other income (loss) [1] 31,603 27,172 84,506 82,382
Costs and expenses        
Cost of goods sold [1] 16,796 15,329 46,888 45,669
Cost of services sold [1] 6,725 5,216 17,934 16,725
Selling, general and administrative expenses [1] 4,717 3,880 12,656 12,094
Interest and other financial charges [1] 718 483 1,918 1,490
Investment contracts, insurance losses and insurance annuity benefits [1] 0 0 0 0
Other costs and expenses [1],[2] 947 0 947 0
Total costs and expenses [1] 29,903 24,909 80,344 75,977
Earnings (loss) from continuing operations before income taxes [1] 1,701 2,263 4,162 6,405
Benefit (provision) for income taxes [1] 64 (241) (297) (1,034)
Earnings (loss) from continuing operations [1] 1,765 2,022 3,865 5,370
Earnings (loss) from discontinued operations, net of taxes [1] (105) (103) (497) [3] (956) [3]
Net earnings (loss) [1] 1,660 1,918 3,368 [3] 4,414 [3]
Less net earnings (loss) attributable to noncontrolling interests [1] (140) (76) (236) [3] (275) [3]
Net earnings (loss) attributable to the Company [1] 1,800 1,994 3,604 [3] 4,689 [3]
Preferred stock dividends [1] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] 1,800 1,994 3,604 4,689
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations [1] 1,765 2,022 3,865 5,370
Less net earnings (loss) attributable to noncontrolling interests, continuing operations [1] (140) (76) (236) (275)
Earnings (loss) from continuing operations attributable to the Company [1] 1,905 2,097 4,101 5,645
Preferred stock dividends [1] 0 0 0 0
Earnings (loss) from continuing operations attributable to GE common shareowners [1] 1,905 2,097 4,101 5,645
Earnings (loss) from discontinued operations, net of taxes [1] (105) (103) (497) [3] (956) [3]
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations [1] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] 1,800 1,994 3,604 4,689
Financial Services (GE Capital)        
Revenues and other income        
Sales of goods 39 34 101 88
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 2,359 2,566 7,424 8,168
Total revenues and other income (loss) 2,397 2,600 7,525 8,256
Costs and expenses        
Cost of goods sold 30 27 79 71
Cost of services sold 592 547 1,673 1,667
Selling, general and administrative expenses 285 631 1,358 2,238
Interest and other financial charges 790 617 2,373 3,006
Investment contracts, insurance losses and insurance annuity benefits 640 700 1,958 2,186
Other costs and expenses [2] 271 241 629 822
Total costs and expenses 2,608 2,763 8,070 9,990
Earnings (loss) from continuing operations before income taxes (211) (163) (545) (1,734)
Benefit (provision) for income taxes 270 223 600 732
Earnings (loss) from continuing operations 59 60 55 (1,002)
Earnings (loss) from discontinued operations, net of taxes (106) (105) (494) (954)
Net earnings (loss) (47) (45) (439) (1,956)
Less net earnings (loss) attributable to noncontrolling interests (2) 0 5 (8)
Net earnings (loss) attributable to the Company (46) (45) (443) (1,948)
Preferred stock dividends (36) (33) (252) (474)
Net earnings (loss) attributable to GE common shareowners (81) (78) (695) (2,422)
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations 59 60 55 (1,002)
Less net earnings (loss) attributable to noncontrolling interests, continuing operations (1) 1 (2) (10)
Earnings (loss) from continuing operations attributable to the Company 60 59 57 (992)
Preferred stock dividends (36) (33) (252) (474)
Earnings (loss) from continuing operations attributable to GE common shareowners 24 26 (195) (1,466)
Earnings (loss) from discontinued operations, net of taxes (106) (105) (494) (954)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations (1) (2) 6 2
Net earnings (loss) attributable to GE common shareowners $ (81) $ (78) $ (695) $ (2,422)
[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
[2] GE amount represents a goodwill impairment charge recognized in the third quarter of 2017. See Note 8 for further information.
[3] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.