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GENL ELECTRIC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2020201920182017201620152014201320122011
Period End Date12/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/201212/31/2011
Sales of services23,558.0028,538.0028,792.0029,233.0033,450.0031,298.0030,190.0028,669.0027,158.0027,648.00
Sales of goods49,464.0058,949.0060,148.0062,709.0076,721.0074,510.0076,568.0071,873.0072,991.0066,874.00
GECS revenues from services6,597.007,728.008,072.007,337.009,297.009,350.009,648.009,595.0043,972.0046,957.00
Other income----------2,227.00778.003,107.002,563.005,063.00
GECS commercial paper interest rate swap adjustment--------------------
Total Revenues79,619.0095,214.0097,012.0099,279.00119,469.00117,386.00117,184.00113,245.00146,684.00146,542.00
Cost of goods sold42,041.0045,902.0047,570.0052,483.0062,605.0059,905.0061,257.0057,867.0056,785.0051,455.00
Cost of services sold18,380.0021,009.0021,833.0023,110.0025,047.0022,788.0022,447.0021,974.0017,525.0016,823.00
Goodwill impairment1,717.001,486.0022,136.002,550.00------------
Research & development2,565.003,118.003,415.00--------------
Selling, general and administrative expenses12,621.0013,949.0014,643.0014,257.0017,756.0017,831.0016,848.0017,945.00----
Other costs and expenses384.00458.00414.001,060.00982.002,608.001,115.00828.0035,897.0036,841.00
Interest and other financial charges3,273.004,227.004,766.004,655.005,025.003,463.002,723.002,870.0012,407.0014,422.00
Minority interest in net earnings of consolidated affiliates--------------------
Investment contracts, insurance losses and insurance annuity benefits--------(2,797.00)------(2,857.00)(2,912.00)
Provision for losses on financing receivables----------------(3,832.00)(3,930.00)
Insurance losses and policyholder and annuity benefits(2,397.00)(3,294.00)(2,790.00)(12,168.00)--(2,605.00)(2,530.00)(2,661.00)----
Other income11,387.002,222.002,321.002,083.004,140.00----------
Non-operating benefit costs(2,433.00)(2,844.00)(2,753.00)(2,423.00)(2,365.00)----------
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGES5,197.001,149.00(20,987.00)(11,345.00)7,031.008,186.0010,263.009,100.0017,381.0020,159.00
Provision for income taxes(474.00)726.0093.00(2,808.00)(1,133.00)6,485.00773.001,219.002,534.005,745.00
GE: Current tax expense2,123.002,551.001,743.00(734.00)(140.00)3,307.002,110.004,238.002,307.005,166.00
GE: Deferred tax expense (benefit) from temporary differences(1,735.00)(1,242.00)(1,276.00)(2,808.00)438.00(1,800.00)(476.00)(2,571.00)(294.00)(327.00)
GECS: Current tax expense (benefit)329.00(720.00)596.00--(1,138.00)2,796.00(455.00)521.001,379.00783.00
GECS: Deferred tax expense (benefit) from temporary differences(1,191.00)138.00(970.00)--(293.00)2,183.00(406.00)(969.00)(858.00)123.00
Income (loss) from Continuing Operations5,672.00423.00(21,080.00)(8,536.00)8,165.001,700.009,490.007,881.0014,847.0014,414.00
Earnings (Loss) from Discontinued Operations, net of taxes(125.00)(5,335.00)(1,363.00)(312.00)(954.00)(7,495.00)5,855.005,475.00(983.00)29.00
EARNINGS BEFORE ACCOUNTING CHANGES--------------------
Cumulative effect of accounting changes--------------------
Net Earnings5,546.00(4,912.00)(22,443.00)(8,849.00)7,211.00(5,795.00)15,345.0013,355.0013,864.0014,443.00
Less net earnings attributable to noncontrolling interests(158.00)66.00(89.00)(365.00)(289.00)332.00112.00298.00223.00292.00
Preferred stock dividends declared474.00460.00447.00436.00656.0018.00------1,031.00
Net earnings attributable to GE common shareowners5,230.00(5,439.00)(22,802.00)(8,920.00)6,845.00(6,145.00)15,233.0013,057.0013,641.0013,120.00
Earnings from continuing operations-Basic4.72(0.08)(19.76)(8.00)6.881.367.605.9211.129.84
Earnings from discontinued operations-Basic(0.08)(4.96)(1.28)--(0.88)(6.24)4.564.24(0.72)(0.08)
Cumulative effect of accounting changes--------------------
Basic Earnings Per Share4.64(4.96)(20.96)(8.24)6.08(4.96)12.0810.2410.329.92
Earnings from continuing operations-Diluted4.72(0.08)(19.76)(8.00)6.801.367.525.9211.049.84
Earnings from discontinued operations-Diluted(0.08)(4.96)(1.28)--(0.80)(6.24)4.484.24(0.72)(0.08)
Cumulative effect of accounting changes--------------------
Diluted Earnings Per Share4.64(4.96)(20.96)(8.24)6.00(4.88)12.0010.1610.329.84
weighted Average shares outstanding (basic)1,094.131,090.501,086.381,085.881,128.131,243.001,255.631,277.751,315.381,323.88
weighted Average shares outstanding (diluted)1,094.131,090.501,086.381,085.881,141.251,252.001,265.381,286.131,320.501,327.50