GE 2015 Annual Report Download - page 156

FINANCIAL STATEMENTS
128 GE 2015 FORM 10-K
FINANCIAL STATEMENTS
STATEMENT OF EARNINGS
General Electric Company
and consolidated affiliates
For the years ended December 31 (In millions; per-share amounts in dollars) 2015 2014 2013
Revenues and other income
Sales of goods $ 74,510 $ 76,568 $ 71,873
Sales of services 31,298 30,190 28,669
Other income (Note 17) 2,227 778 3,107
GE Capital earnings from continuing operations - - -
GE Capital revenues from services 9,350 9,648 9,595
Total revenues and other income 117,386 117,184 113,245
Costs and expenses (Note 26)
Cost of goods sold 59,905 61,257 57,867
Cost of services sold 22,788 22,447 21,974
Selling, general and administrative expenses 17,831 16,848 17,945
Interest and other financial charges 3,463 2,723 2,870
Investment contracts, insurance losses and
insurance annuity benefits 2,605 2,530 2,661
Other costs and expenses 2,608 1,115 828
Total costs and expenses 109,200 106,921 104,145
Earnings from continuing operations
before income taxes 8,186 10,263 9,100
Benefit (provision) for income taxes (Note 14) (6,485) (773) (1,219)
Earnings from continuing operations 1,700 9,490 7,881
Earnin
g
s
(
loss
)
from discontinued operations,
net of taxes (Note 2) (7,495) 5,855 5,475
Net earnings (loss) (5,795) 15,345 13,355
Less net earnings (loss) attributable to noncontrolling interests 332 112 298
Net earnings (loss) attributable to the Company (6,126) 15,233 13,057
Preferred stock dividends (18) - -
Net earnings (loss) attributable to GE common shareowners $ (6,145) $ 15,233 $ 13,057
Amounts attributable to GE common shareowners
Earnings from continuing operations $ 1,700 $ 9,490 $ 7,881
Less net earnin
g
s
(
loss
)
attributable to
noncontrolling interests, continuing operations 19 (45) 262
Earnin
g
s from continuin
g
o
p
erations attributable
to the Company 1,681 9,535 7,618
Preferred stock dividends (18) - -
Earnin
g
s from continuin
g
o
p
erations attributable
to GE common shareowners 1,663 9,535 7,618
Earnings (loss) from discontinued operations, net of taxes (7,495) 5,855 5,475
Less net earnings (loss) attributable to
noncontrolling interests, discontinued operations 312 157 36
Net earnings (loss) attributable to GE common shareowners $ (6,145) $ 15,233 $ 13,057
Per-share amounts (Note 18)
Earnings from continuing operations
Diluted earnings per share $ 0.17 $ 0.94 $ 0.74
Basic earnings per share $ 0.17 $ 0.95 $ 0.74
Net earnings (loss)
Diluted earnings (loss) per share $ (0.61) $ 1.50 $ 1.27
Basic earnings (loss) per share $ (0.62) $ 1.51 $ 1.28
Dividends declared per common share $ 0.92 $ 0.89 $ 0.79
Amounts may not add due to rounding.
See Note 3 for other-than-temporary impairment amounts on investment securities.
See accompanying notes.
128 GE 2015 FORM 10-K