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GENL ELECTRIC   FYE=12 (December)

Annual - Income Statement - Company Specific

Fiscal period2021202020192018201720162015201420132012
Period End Date12/31/202112/31/202012/31/201912/31/201812/31/201712/31/201612/31/201512/31/201412/31/201312/31/2012
Sales of services36,890.0035,385.0044,608.0028,792.0029,233.0033,450.0031,298.0030,190.0028,669.0027,158.00
Sales of goods34,200.0037,584.0042,811.0060,148.0062,709.0076,721.0074,510.0076,568.0071,873.0072,991.00
GECS revenues from services------8,072.007,337.009,297.009,350.009,648.009,595.0043,972.00
Insurance revenues3,106.002,865.002,802.00--------------
Other income------------2,227.00778.003,107.002,563.00
GECS commercial paper interest rate swap adjustment--------------------
Total Revenues74,196.0075,833.0090,221.0097,012.0099,279.00119,469.00117,386.00117,184.00113,245.00146,684.00
Cost of goods sold31,399.0035,242.0037,572.0047,570.0052,483.0062,605.0059,905.0061,257.0057,867.0056,785.00
Cost of services sold22,497.0022,629.0027,280.0021,833.0023,110.0025,047.0022,788.0022,447.0021,974.0017,525.00
Goodwill impairment--877.001,486.0022,136.002,550.00----------
Research & development2,497.002,565.003,118.003,415.00------------
Selling, general and administrative expenses11,707.0012,592.0013,806.0014,643.0014,257.0017,756.0017,831.0016,848.0017,945.00--
Other costs and expenses136.00159.00176.00414.001,060.00982.002,608.001,115.00828.0035,897.00
Interest and other financial charges1,876.002,068.002,927.004,766.004,655.005,025.003,463.002,723.002,870.0012,407.00
Minority interest in net earnings of consolidated affiliates--------------------
Investment contracts, insurance losses and insurance annuity benefits----------(2,797.00)------(2,857.00)
Provision for losses on financing receivables------------------(3,832.00)
Insurance losses and policyholder and annuity benefits(2,283.00)(2,397.00)(3,294.00)(2,790.00)(12,168.00)--(2,605.00)(2,530.00)(2,661.00)--
Debt extinguishment costs(6,524.00)(301.00)(256.00)--------------
Other income2,823.0011,396.002,479.002,321.002,083.004,140.00--------
Non-operating benefit costs(1,782.00)(2,430.00)(2,839.00)(2,753.00)(2,423.00)(2,365.00)--------
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND ACCOUNTING CHANGES(3,683.00)5,970.00(54.00)(20,987.00)(11,345.00)7,031.008,186.0010,263.009,100.0017,381.00
Provision for income taxes(286.00)(487.00)552.0093.00(2,808.00)(1,133.00)6,485.00773.001,219.002,534.00
GE: Current tax expense------1,743.00(734.00)(140.00)3,307.002,110.004,238.002,307.00
GE: Deferred tax expense (benefit) from temporary differences------(1,276.00)(2,808.00)438.00(1,800.00)(476.00)(2,571.00)(294.00)
GECS: Current tax expense (benefit)------596.00--(1,138.00)2,796.00(455.00)521.001,379.00
GECS: Deferred tax expense (benefit) from temporary differences------(970.00)--(293.00)2,183.00(406.00)(969.00)(858.00)
Income (loss) from Continuing Operations(3,396.00)6,457.00(606.00)(21,080.00)(8,536.00)8,165.001,700.009,490.007,881.0014,847.00
Earnings (Loss) from Discontinued Operations, net of taxes(3,195.00)(911.00)(4,306.00)(1,363.00)(312.00)(954.00)(7,495.00)5,855.005,475.00(983.00)
EARNINGS BEFORE ACCOUNTING CHANGES--------------------
Cumulative effect of accounting changes--------------------
Net Earnings(6,591.00)5,546.00(4,912.00)(22,443.00)(8,849.00)7,211.00(5,795.00)15,345.0013,355.0013,864.00
Less net earnings attributable to noncontrolling interests(71.00)(158.00)66.00(89.00)(365.00)(289.00)332.00112.00298.00223.00
Preferred stock dividends declared237.00474.00460.00447.00436.00656.0018.00------
Net earnings attributable to GE common shareowners(6,757.00)5,230.00(5,439.00)(22,802.00)(8,920.00)6,845.00(6,145.00)15,233.0013,057.0013,641.00
Earnings from continuing operations-Basic(3.25)5.46(0.98)(19.76)(8.00)6.881.367.605.9211.12
Earnings from discontinued operations-Basic(2.91)(0.83)(4.00)(1.28)--(0.88)(6.24)4.564.24(0.72)
Cumulative effect of accounting changes--------------------
Basic Earnings Per Share(6.16)4.63(4.99)(20.96)(8.24)6.08(4.96)12.0810.2410.32
Earnings from continuing operations-Diluted(3.25)5.46(0.98)(19.76)(8.00)6.801.367.525.9211.04
Earnings from discontinued operations-Diluted(2.91)(0.83)(4.00)(1.28)--(0.80)(6.24)4.484.24(0.72)
Cumulative effect of accounting changes--------------------
Diluted Earnings Per Share(6.16)4.63(4.99)(20.96)(8.24)6.00(4.88)12.0010.1610.32
weighted Average shares outstanding (basic)1,098.001,094.001,091.001,086.381,085.881,128.131,243.001,255.631,277.751,315.38
weighted Average shares outstanding (diluted)1,098.001,095.001,091.001,086.381,085.881,141.251,252.001,265.381,286.131,320.50