GE 2011 Annual Report Download - page 138

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136 GE 2011 ANNUAL REPORT
    
Note 29.
Quarterly Information (Unaudited)
First quarter Second quarter Third quarter Fourth quarter
(In millions; per-share amounts in dollars) 2011 2010 2011 2010 2011 2010 2011 2010
CONSOLIDATED OPERATIONS
Earnings from continuing operations $ 3,471 $ 2,351 $ 3,621 $ 3,306 $ 3,264 $ 3,264 $ 4,010 $ 4,131
Earnings (loss) from discontinued operations 56 (353) 217 (101) 1(1,052) (197) 633
Net earnings 3,527 1,998 3,838 3,205 3,265 2,212 3,813 4,764
Less net earnings attributable to
noncontrolling interests (94) (53) (74) (96) (41) (157) (83) (229)
Net earnings attributable to the Company 3,433 1,945 3,764 3,109 3,224 2,055 3,730 4,535
Preferred stock dividends declared (75) (75) (75) (75) (881) (75) —(75)
Net earnings attributable to GE
common shareowners $ 3,358 $ 1,870 $ 3,689 $ 3,034 $ 2,343 $ 1,980 $ 3,730 $ 4,460
Per-share amounts—earnings
from continuing operations
Diluted earnings per share $ 0.31 $ 0.21 $ 0.33 $ 0.29 $ 0.22 $ 0.28 $ 0.37 $ 0.36
Basic earnings per share 0.31 0.21 0.33 0.29 0.22 0.28 0.37 0.36
Per-share amounts—earnings (loss)
from discontinued operations
Diluted earnings per share 0.01 (0.03) 0.02 (0.01) —(0.10) (0.02) 0.06
Basic earnings per share 0.01 (0.03) 0.02 (0.01) —(0.10) (0.02) 0.06
Per-share amounts—net earnings
Diluted earnings per share 0.32 0.17 0.35 0.28 0.22 0.18 0.35 0.42
Basic earnings per share 0.32 0.17 0.35 0.28 0.22 0.18 0.35 0.42
SELECTED DATA
GE
Sales of goods and services $22,102 $23,509 $22,961 $24,403 $23,230 $23,593 $26,743 $28,715
Gross profit from sales 5,290 6,146 5,404 7,295 6,520 6,973 9,018 8,278
GECS
Total revenues 13,041 12,633 12,443 12,632 12,018 11,954 11,579 12,662
Earnings from continuing operations
attributable to the Company 1,768 502 1,593 734 1,453 780 1,618 1,007
For GE, gross profi t 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.