Fiscal period | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
Period End Date | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 |
Sales of services | 24,847.00 | 37,772.00 | 41,626.00 | 36,890.00 | 23,558.00 | 28,538.00 | 38,689.00 | 37,551.00 | 34,976.00 | 31,298.00 |
Sales of goods | 10,274.00 | 26,793.00 | 31,976.00 | 34,200.00 | 49,464.00 | 58,949.00 | 74,855.00 | 75,641.00 | 75,414.00 | 74,510.00 |
GECS revenues from services | -- | -- | -- | -- | 6,597.00 | 7,728.00 | 8,072.00 | 7,276.00 | 9,297.00 | 9,350.00 |
Insurance revenues | 3,581.00 | 3,389.00 | 2,954.00 | 3,106.00 | -- | -- | -- | -- | -- | -- |
Other income | -- | -- | -- | -- | -- | -- | -- | 1,625.00 | 4,005.00 | 2,227.00 |
Consolidated, liquidating securitization entities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
GECS commercial paper interest rate swap adjustment | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Total Revenues | 38,702.00 | 67,954.00 | 76,555.00 | 74,196.00 | 79,619.00 | 95,214.00 | 121,615.00 | 122,092.00 | 123,693.00 | 117,386.00 |
Cost of goods sold | 10,341.00 | 27,683.00 | 30,426.00 | 31,399.00 | 42,041.00 | 48,406.00 | 63,116.00 | 64,328.00 | 62,440.00 | 59,905.00 |
Cost of services sold | 13,967.00 | 22,709.00 | 25,109.00 | 22,497.00 | 18,380.00 | 21,622.00 | 29,555.00 | 27,606.00 | 25,043.00 | 22,788.00 |
Goodwill impairment | 251.00 | -- | -- | -- | 1,717.00 | 1,486.00 | 22,136.00 | -- | -- | -- |
Research & development | 1,286.00 | 1,907.00 | 2,813.00 | 2,497.00 | 2,565.00 | -- | -- | -- | -- | -- |
Selling, general and administrative expenses | 4,437.00 | 9,195.00 | 12,781.00 | 11,707.00 | 12,621.00 | 13,949.00 | 18,111.00 | 18,280.00 | 18,377.00 | 17,831.00 |
Other costs and expenses | -- | -- | -- | 136.00 | 384.00 | 458.00 | 464.00 | 3,632.00 | 982.00 | 2,608.00 |
Interest and other financial charges | 986.00 | 1,118.00 | 1,607.00 | 1,876.00 | 3,273.00 | 4,227.00 | 5,059.00 | 4,869.00 | 5,025.00 | 3,463.00 |
Minority interest in net earnings of consolidated affiliates | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Investment contracts, insurance losses and insurance annuity benefits | -- | -- | -- | -- | -- | -- | (2,790.00) | -- | -- | -- |
Provision for losses on financing receivables | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Insurance losses and policyholder and annuity benefits | (2,429.00) | (2,886.00) | (2,734.00) | (2,283.00) | (2,397.00) | (3,294.00) | -- | (12,168.00) | (2,797.00) | (2,605.00) |
Consolidated, liquidating securitization entities | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Debt extinguishment costs | -- | -- | (465.00) | (6,524.00) | -- | -- | -- | -- | -- | -- |
Separation costs | (492.00) | (978.00) | (973.00) | -- | -- | -- | -- | -- | -- | -- |
Other income | 2,264.00 | 7,129.00 | 1,231.00 | 2,823.00 | 11,387.00 | 2,222.00 | 2,259.00 | -- | -- | -- |
Non-operating benefit costs | 842.00 | 1,585.00 | 532.00 | (1,782.00) | (2,433.00) | (2,844.00) | (2,777.00) | -- | -- | -- |
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGES | 7,620.00 | 10,191.00 | 1,412.00 | (3,683.00) | 5,197.00 | 1,149.00 | (20,134.00) | (8,791.00) | 9,030.00 | 8,186.00 |
Provision for income taxes | 962.00 | 1,162.00 | 476.00 | (286.00) | (474.00) | 726.00 | 583.00 | (3,043.00) | (464.00) | 6,485.00 |
GE: Current tax expense | -- | -- | -- | -- | 2,123.00 | 146.00 | 2,451.00 | 2,810.00 | (140.00) | 3,307.00 |
GE: Deferred tax expense (benefit) from temporary differences | -- | -- | -- | -- | (1,735.00) | 726.00 | (1,494.00) | 449.00 | 1,107.00 | (1,800.00) |
GECS: Current tax expense (benefit) | -- | -- | -- | -- | 329.00 | -- | 596.00 | (1,008.00) | (1,138.00) | 2,796.00 |
GECS: Deferred tax expense (benefit) from temporary differences | -- | -- | -- | -- | (1,191.00) | -- | (970.00) | (5,294.00) | (293.00) | 2,183.00 |
Income (loss) from Continuing Operations | 6,657.00 | 9,029.00 | 936.00 | (3,396.00) | 5,672.00 | 423.00 | (20,717.00) | (5,748.00) | 9,494.00 | 1,700.00 |
Earnings (Loss) from Discontinued Operations, net of taxes | (91.00) | 414.00 | (644.00) | (3,195.00) | (125.00) | (5,335.00) | (1,726.00) | (309.00) | (954.00) | (7,495.00) |
EARNINGS BEFORE ACCOUNTING CHANGES | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Cumulative effect of accounting changes | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Net Earnings | 6,566.00 | 9,443.00 | 292.00 | (6,591.00) | 5,546.00 | (4,912.00) | (22,443.00) | (6,056.00) | 8,540.00 | (5,795.00) |
Less net earnings attributable to noncontrolling interests | 11.00 | (37.00) | 67.00 | (71.00) | (158.00) | 66.00 | (89.00) | (270.00) | (291.00) | 332.00 |
Preferred stock dividends declared | -- | 295.00 | 289.00 | 237.00 | 474.00 | 460.00 | 447.00 | 436.00 | 656.00 | 18.00 |
Net earnings attributable to GE common shareowners | 6,556.00 | 9,186.00 | (64.00) | (6,757.00) | 5,230.00 | (5,439.00) | (22,802.00) | (6,222.00) | 8,176.00 | (6,145.00) |
Earnings from continuing operations-Basic | 6.15 | 8.36 | 0.53 | (3.25) | 4.72 | (0.08) | (19.44) | (5.44) | 8.08 | 1.36 |
Earnings from discontinued operations-Basic | (0.11) | 0.38 | (0.59) | (2.91) | (0.08) | -- | (1.60) | (0.32) | (0.88) | (6.24) |
Cumulative effect of accounting changes | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Basic Earnings Per Share | 6.04 | 8.44 | (0.06) | (6.16) | 4.64 | (4.96) | (20.96) | (5.76) | 7.20 | (4.88) |
Earnings from continuing operations-Diluted | 6.09 | 7.98 | 0.53 | (3.25) | 4.72 | (0.08) | (19.44) | (5.44) | 8.00 | 1.36 |
Earnings from discontinued operations-Diluted | (0.10) | 0.38 | (0.58) | (2.91) | (0.08) | -- | (1.60) | (0.32) | (0.80) | (6.24) |
Cumulative effect of accounting changes | -- | -- | -- | -- | -- | -- | -- | -- | -- | -- |
Diluted Earnings Per Share | 5.99 | 8.36 | (0.05) | (6.16) | 4.64 | (4.96) | (20.96) | (5.76) | 7.12 | (4.88) |
weighted Average shares outstanding (basic) | 1,085.00 | 1,089.00 | 1,096.00 | 1,098.00 | 1,094.13 | 1,090.50 | 1,086.38 | 1,085.88 | 1,128.13 | 1,243.00 |
weighted Average shares outstanding (diluted) | 1,094.00 | 1,099.00 | 1,101.00 | 1,098.00 | 1,094.13 | 1,090.50 | 1,086.38 | 1,085.88 | 1,141.25 | 1,252.00 |