GE 2009 Annual Report Download - page 116

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114 GE 2009 ANNUAL REPORT
    
Note 28.
Quarterly Information (Unaudited)
First quarter Second quarter Third quarter Fourth quarter
(In millions; per-share amounts in dollars) 2009 2008 2009 2008 2009 2008 2009 2008
CONSOLIDATED OPERATIONS
Earnings from continuing operations $ 2,935 $ 4,513 $ 2,895 $ 5,578 $ 2,459 $ 4,633 $ 3,145 $ 4,006
Earnings (loss) from discontinued operations (21) (47) (194) (322) 40 (165) (18) (145)
Net earnings 2,914 4,466 2,701 5,256 2,499 4,468 3,127 3,861
Less net earnings attributable to
noncontrolling interests 85 162 12 184 5156 114 139
Net earnings attributable to the Company 2,829 4,304 2,689 5,072 2,494 4,312 3,013 3,722
Preferred stock dividends declared (75) —(75) —(75) —(75) (75)
Net earnings attributable to
GE common shareowners $ 2,754 $ 4,304 $ 2,614 $ 5,072 $ 2,419 $ 4,312 $ 2,938 $ 3,647
Per-share amounts — earnings from
continuing operations
Diluted earnings per share $ 0.26 $ 0.43 $ 0.26 $ 0.54 $ 0.22 $ 0.45 $ 0.28 $ 0.36
Basic earnings per share 0.26 0.44 0.26 0.54 0.22 0.45 0.28 0.36
Per-share amounts — earnings (loss)
from discontinued operations
Diluted earnings per share ——(0.02) (0.03) —(0.02) —(0.01)
Basic earnings per share ——(0.02) (0.03) —(0.02) —(0.01)
Per-share amounts — net earnings
Diluted earnings per share 0.26 0.43 0.25 0.51 0.23 0.43 0.28 0.35
Basic earnings per share 0.26 0.43 0.25 0.51 0.23 0.43 0.28 0.35
SELECTED DATA
GE
Sales of goods and services $24,022 $24,186 $26,012 $27,846 $25,125 $28,868 $28,298 $31,114
Gross profit from sales 6,013 6,280 7,232 7,302 6,562 6,930 7,886 8,229
GECS
Total revenues 14,457 18,038 13,457 19,032 12,746 18,431 13,503 15,786
Earnings from continuing operations
attributable to the Company 979 2,456 367 2,774 133 2,010 111 534
For GE, gross profit from sales is sales of goods and services less costs of goods and services sold.
Earnings-per-share amounts are computed independently each quarter for earnings from continuing operations, earnings (loss)
from discontinued operations and net earnings. As a result, the sum of each quarter’s per-share amount may not equal the total
per-share amount for the respective year; and the sum of per-share amounts from continuing operations and discontinued operations
may not equal the total per-share amounts for net earnings for the respective quarters.