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70 GE 2013 ANNUAL REPORT
  
Statement of Earnings
General Electric Company
and consolidated affiliates
For the years ended December 31 (In millions; per-share amounts in dollars) 2013 2012 2011
REVENUES AND OTHER INCOME
Sales of goods $ 71,873 $ 72,991 $ 66,874
Sales of services 28,669 27,158 27,648
Other income (Note 17) 3,108 2,563 5,063
GECC earnings from continuing operations — — —
GECC revenues from services (Note 18) 42,395 43,972 46,957
Total revenues and other income 146,045 146,684 146,542
COSTS AND EXPENSES (Note 19)
Cost of goods sold 57,867 56,785 51,455
Cost of services sold 19,274 17,525 16,823
Interest and other financial charges 10,116 12,407 14,422
Investment contracts, insurance losses and insurance annuity benefits 2,676 2,857 2,912
Provision for losses on financing receivables (Note 6) 4,818 3,832 3,930
Other costs and expenses 35,143 35,897 36,841
Total costs and expenses 129,894 129,303 126,383
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 16,151 17,381 20,159
Benefit (provision) for income taxes (Note 14) (676) (2,534) (5,745)
EARNINGS FROM CONTINUING OPERATIONS 15,475 14,847 14,414
Earnings (loss) from discontinued operations, net of taxes (Note 2) (2,120) (983) 29
NET EARNINGS 13,355 13,864 14,443
Less net earnings attributable to noncontrolling interests 298 223 292
NET EARNINGS ATTRIBUTABLE TO THE COMPANY 13,057 13,641 14,151
Preferred stock dividends declared — — (1,031)
NET EARNINGS ATTRIBUTABLE TO GE COMMON SHAREOWNERS $ 13,057 $ 13,641 $ 13,120
AMOUNTS ATTRIBUTABLE TO THE COMPANY
Earnings from continuing operations $ 15,177 $ 14,624 $ 14,122
Earnings (loss) from discontinued operations, net of taxes (2,120) (983) 29
NET EARNINGS ATTRIBUTABLE TO THE COMPANY $ 13,057 $ 13,641 $ 14,151
PER-SHARE AMOUNTS (Note 20)
Earnings from continuing operations
Diluted earnings per share $ 1.47 $ 1.38 $ 1.23
Basic earnings per share 1.48 1.39 1.23
Net earnings
Diluted earnings per share 1.27 1.29 1.23
Basic earnings per share 1.28 1.29 1.24
DIVIDENDS DECLARED PER SHARE 0.79 0.70 0.61
See Note 3 for other-than-temporary impairment amounts.
See accompanying notes.
Consolidated Statement of Comprehensive Income
For the years ended December 31 (In millions) 2013 2012 2011
NET EARNINGS $ 13,355 $ 13,864 $ 14,443
Less net earnings (loss) attributable to noncontrolling interests 298 223 292
NET EARNINGS ATTRIBUTABLE TO GE $ 13,057 $ 13,641 $ 14,151
Other comprehensive income (loss)
Investment securities $ (374) $ 705 $ 608
Currency translation adjustments (308) 300 180
Cash flow hedges 467 453 118
Benefit plans 11,300 2,299 (7,040)
OTHER COMPREHENSIVE INCOME (LOSS) 11,085 3,757 (6,134)
Less other comprehensive income (loss) attributable to noncontrolling interests (25) 13 (15)
OTHER COMPREHENSIVE INCOME (LOSS) ATTRIBUTABLE TO GE $ 11,110 $ 3,744 $ (6,119)
Comprehensive income $ 24,440 $ 17,621 $ 8,309
Less comprehensive income attributable to noncontrolling interests 273 236 277
COMPREHENSIVE INCOME ATTRIBUTABLE TO GE $ 24,167 $ 17,385 $ 8,032
Amounts presented net of taxes. See Note 15 for further information about other comprehensive income and noncontrolling interests.
See accompanying notes.