Ticker
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GE AEROSPACE   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2024202320222021202020192018201720162015
Period End Date12/31/202412/31/202312/31/202212/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/2015
Sales of services24,847.0037,772.0041,626.0036,890.0023,558.0028,538.0038,689.0037,551.0034,976.0031,298.00
Sales of goods10,274.0026,793.0031,976.0034,200.0049,464.0058,949.0074,855.0075,641.0075,414.0074,510.00
GECS revenues from services--------6,597.007,728.008,072.007,276.009,297.009,350.00
Insurance revenues3,581.003,389.002,954.003,106.00------------
Other income--------------1,625.004,005.002,227.00
Consolidated, liquidating securitization entities--------------------
GECS commercial paper interest rate swap adjustment--------------------
Total Revenues38,702.0067,954.0076,555.0074,196.0079,619.0095,214.00121,615.00122,092.00123,693.00117,386.00
Cost of goods sold10,341.0027,683.0030,426.0031,399.0042,041.0048,406.0063,116.0064,328.0062,440.0059,905.00
Cost of services sold13,967.0022,709.0025,109.0022,497.0018,380.0021,622.0029,555.0027,606.0025,043.0022,788.00
Goodwill impairment251.00------1,717.001,486.0022,136.00------
Research & development1,286.001,907.002,813.002,497.002,565.00----------
Selling, general and administrative expenses4,437.009,195.0012,781.0011,707.0012,621.0013,949.0018,111.0018,280.0018,377.0017,831.00
Other costs and expenses------136.00384.00458.00464.003,632.00982.002,608.00
Interest and other financial charges986.001,118.001,607.001,876.003,273.004,227.005,059.004,869.005,025.003,463.00
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 income2,264.007,129.001,231.002,823.0011,387.002,222.002,259.00------
Non-operating benefit costs842.001,585.00532.00(1,782.00)(2,433.00)(2,844.00)(2,777.00)------
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGES7,620.0010,191.001,412.00(3,683.00)5,197.001,149.00(20,134.00)(8,791.00)9,030.008,186.00
Provision for income taxes962.001,162.00476.00(286.00)(474.00)726.00583.00(3,043.00)(464.00)6,485.00
GE: Current tax expense--------2,123.00146.002,451.002,810.00(140.00)3,307.00
GE: Deferred tax expense (benefit) from temporary differences--------(1,735.00)726.00(1,494.00)449.001,107.00(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 Operations6,657.009,029.00936.00(3,396.00)5,672.00423.00(20,717.00)(5,748.00)9,494.001,700.00
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 Earnings6,566.009,443.00292.00(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 interests11.00(37.00)67.00(71.00)(158.00)66.00(89.00)(270.00)(291.00)332.00
Preferred stock dividends declared--295.00289.00237.00474.00460.00447.00436.00656.0018.00
Net earnings attributable to GE common shareowners6,556.009,186.00(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-Basic6.158.360.53(3.25)4.72(0.08)(19.44)(5.44)8.081.36
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 Share6.048.44(0.06)(6.16)4.64(4.96)(20.96)(5.76)7.20(4.88)
Earnings from continuing operations-Diluted6.097.980.53(3.25)4.72(0.08)(19.44)(5.44)8.001.36
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 Share5.998.36(0.05)(6.16)4.64(4.96)(20.96)(5.76)7.12(4.88)
weighted Average shares outstanding (basic)1,085.001,089.001,096.001,098.001,094.131,090.501,086.381,085.881,128.131,243.00
weighted Average shares outstanding (diluted)1,094.001,099.001,101.001,098.001,094.131,090.501,086.381,085.881,141.251,252.00