GE 2014 Annual Report Download - page 216

196 GE 2014 FORM 10-K
FINANCIAL STATEMENTS EARNINGS PER SHARE & FAIR VALUE MEASUREMENTS
NOTE 20. EARNINGS PER SHARE INFORMATION
2014 2013 2012
(In millions; per-share amounts in dollars) Diluted Basi
c
Diluted Basic Diluted Basi
c
Amounts attributable to the Company:
Consolidated
Earnings from continuing operations attributable to
common shareowners for per-share calculation(a)(b) $ 15,325 $ 15,324 $ 15,145 $ 15,157 $ 14,604
$ 14,603
Earnings (loss) from discontinued operations
for per-share calculation(a)(b) (111) (111) (2,128) (2,116) (980) (980)
Net earnings attributable to GE common
shareowners for per-share calculation(a)(b) $ 15,213 $ 15,212 $ 13,028 $ 13,040 $ 13,622
$ 13,622
Average equivalent shares
Shares of GE common stock outstanding 10,045
10,045 10,222 10,222 10,523 10,523
Employee compensation-related shares (including
stock options) and warrants 78
- 67 - 41 -
Total average equivalent shares 10,123
10,045 10,289 10,222 10,564 10,523
Per-share amounts
Earnings from continuing operations $ 1.51 $ 1.53
$ 1.47 $ 1.48 $ 1.38 $ 1.39
Earnings (loss) from discontinued operations (0.01) (0.01) (0.21) (0.21) (0.09) (0.09)
Net earnings 1.50
1.51 1.27 1.28 1.29 1.29
Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and, therefore, are
included in the computation of earnings per share pursuant to the two-class method. Application of this treatment has an insignificant effect.
(a) Included an insignificant amount of dividend equivalents in each of the three years presented.
(b) Included in 2013 is a dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock.
For the years ended December 31, 2014, 2013 and 2012, there were approximately 98 million, 121 million and 292 million,
respectively, of outstanding stock awards that were not included in the computation of diluted earnings per share because their
effect was antidilutive.
Earnings-per-share amounts are computed independently for earnings from continuing operations, earnings (loss) from
discontinued operations and net earnings. As a result, the sum of per-share amounts from continuing operations and
discontinued operations may not equal the total per-share amounts for net earnings.
NOTE 21. FAIR VALUE MEASUREMENTS
RECURRING FAIR VALUE MEASUREMENTS
Our assets and liabilities measured at fair value on a recurring basis include investment securities primarily supporting
obligations to annuitants and policyholders in our run-off insurance operations and supporting obligations to holders of GICs in
Trinity and investment securities held in our CLL business collateralized by senior secured loans of high-quality, middle-market
companies in a variety of industries.