GE 2014 Annual Report Download - page 148

128 GE 2014 FORM 10-K
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS
STATEMENT OF EARNINGS
General Electric Company
and consolidated affiliates
For the years ended December 31 (In millions; per-share amounts in dollars) 2014 2013 2012
Revenues and other income
Sales of goods $ 76,568 $ 71,873 $ 72,991
Sales of services 30,190 28,669 27,158
Other income (Note 17) 778 3,108 2,563
GECC earnings from continuing operations - - -
GECC revenues from services (Note 18) 41,053 42,395 43,972
Total revenues and other income 148,589 146,045 146,684
Costs and expenses (Note 19)
Cost of goods sold 61,257 57,867 56,785
Cost of services sold 20,054 19,274 17,525
Interest and other financial charges 9,482 10,116 12,407
Investment contracts, insurance losses and
insurance annuity benefits 2,548 2,676 2,857
Provision for losses on financing receivables (Note 6) 3,993 4,818 3,832
Other costs and expenses 34,026 35,143 35,897
Total costs and expenses 131,360 129,894 129,303
Earnin
g
s from continuin
g
operations
before income taxes 17,229 16,151 17,381
Benefit (provision) for income taxes (Note 14) (1,772) (676) (2,534)
Earnings from continuing operations 15,457 15,475 14,847
Earnin
g
s
(
loss
)
from discontinued operations,
net of taxes (Note 2) (112) (2,120) (983)
Net earnings 15,345 13,355 13,864
Less net earnings (loss) attributable to noncontrolling interests 112 298 223
Net earnings attributable to the Company 15,233 13,057 13,641
Preferred stock dividends declared - - -
Net earnings attributable to GE common shareowners $ 15,233 $ 13,057 $ 13,641
A
mounts attributable to GE common shareowners
Earnings from continuing operations $ 15,457 $ 15,475 $ 14,847
Less net earnin
g
s
(
loss
)
attributable to
noncontrolling interests 112 298 223
Earnin
g
s from continuin
g
o
p
erations attributable
to the Company 15,345 15,177 14,624
GECC preferred stock dividends declared - - -
Earnin
g
s from continuin
g
o
p
erations attributable
to GE common shareowners 15,345 15,177 14,624
Earnings (loss) from discontinued operations, net of taxes (112) (2,120) (983)
Net earnings attributable to GE common shareowners $ 15,233 $ 13,057 $ 13,641
Per-share amounts (Note 20)
Earnings from continuing operations
Diluted earnings per share $ 1.51 $ 1.47 $ 1.38
Basic earnings per share $ 1.53 $ 1.48 $ 1.39
Net earnings
Diluted earnings per share $ 1.50 $ 1.27 $ 1.29
Basic earnings per share $ 1.51 $ 1.28 $ 1.29
Dividends declared per common share $ 0.89 $ 0.79 $ 0.70
See Note 3 for other-than-temporary impairment amounts.
See accompanying notes.