GE 2012 Annual Report Download - page 141

Download and view the complete annual report

Please find page 141 of the 2012 GE annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 150

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150

GE 2012 ANNUAL REPORT 139
notes to consolidated financial statements
Note 29.
Quarterly Information (Unaudited)
First quarter Second quarter Third quarter Fourth quarter
(In millions; per-share amounts in dollars) 2012 2011 2012 2011 2012 2011 2012 2011
CONSOLIDATED OPERATIONS
Earnings from continuing operations $ 3,289 $ 3,492 $ 3,691 $ 3,644 $ 3,471 $ 3,330 $ 4,451 $ 4,053
Earnings (loss) from discontinued operations (217) 35 (553) 194 37 (65) (305) (240)
Net earnings 3,072 3,527 3,138 3,838 3,508 3,265 4,146 3,813
Less net earnings attributable to
noncontrolling interests (38) (94) (33) (74) (17) (41) (135) (83)
Net earnings attributable to the Company 3,034 3,433 3,105 3,764 3,491 3,224 4,011 3,730
Preferred stock dividends declared —(75) —(75) —(881) ——
Net earnings attributable to GE common
shareowners $ 3,034 $ 3,358 $ 3,105 $ 3,689 $ 3,491 $ 2,343 $ 4,011 $ 3,730
Per-share amounts—earnings from
continuing operations
Diluted earnings per share $ 0.31 $ 0.31 $ 0.34 $ 0.33 $ 0.33 $ 0.23 $ 0.41 $ 0.37
Basic earnings per share 0.31 0.31 0.35 0.33 0.33 0.23 0.41 0.38
Per-share amounts—earnings (loss)
from discontinued operations
Diluted earnings per share (0.02) —(0.05) 0.02 —(0.01) (0.03) (0.02)
Basic earnings per share (0.02) —(0.05) 0.02 —(0.01) (0.03) (0.02)
Per-share amounts—net earnings
Diluted earnings per share 0.29 0.31 0.29 0.35 0.33 0.22 0.38 0.35
Basic earnings per share 0.29 0.32 0.29 0.35 0.33 0.22 0.38 0.35
SELECTED DATA
GE
Sales of goods and services $23,687 $22,102 $25,138 $22,961 $24,749 $23,230 $27,301 $26,744
Gross profit from sales 5,653 5,273 5,800 5,488 6,025 6,376 8,240 9,095
GECC
Total revenues 11,442 13,036 11,458 12,440 11,369 12,015 11,770 11,577
Earnings from continuing operations
attributable to the Company 1,575 1,825 1,569 1,810 1,568 1,455 1,503 1,420
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.