GE 2015 Annual Report Download - page 157

FINANCIAL STATEMENTS

GE 2015 FORM 10-K 129
STATEMENT OF EARNINGS (CONTINUED)
For the
y
ears ended December 31 GE
(
a
)
Financial Services
(
GE Capital
)
(In millions; per-share amounts in dollars) 2015 2014 2013 2015 201
4
2013
Revenues and other income
Sales of goods $ 74,565 $ 76,715 $ 71,951 $ 79 $ 121 $ 126
Sales of services 31,641 30,594 29,063 - - -
Other income (Note 17) 2,165 707 2,886 - - -
GE Capital earnings from continuing operations (7,672) 1,532 699 - - -
GE Capital revenues from services - - - 10,722 11,199 11,141
Total revenues and other income 100,700 109,546 104,599 10,801 11,320 11,267
Costs and expenses (Note 26)
Cost of goods sold 59,970 61,420 57,962 69 104 108
Cost of services sold 20,858 20,456 19,668 2,273 2,394 2,700
Selling, general and administrative expenses 14,914 14,972 16,104 3,512 2,689 2,550
Interest and other financial charges 1,706 1,579 1,333 2,301 1,638 2,021
Investment contracts, insurance losses and
insurance annuity benefits - - - 2,737 2,660 2,764
Other costs and expenses - - - 2,647 1,159 856
Total costs and expenses 97,447 98,427 95,068 13,539 10,645 10,999
Earnings (loss) from continuing operations
before income taxes 3,252 11,119 9,531 (2,739) 676 268
Benefit (provision) for income taxes (Note 14) (1,506) (1,634) (1,667) (4,979) 861 448
Earnings (loss) from continuing operations 1,746 9,485 7,864 (7,718) 1,537 716
Earnin
g
s
(
loss
)
from discontinued operations,
net of taxes (Note 2) (7,807) 5,698 5,439 (7,485) 5,860 5,540
Net earnings (loss) (6,061) 15,182 13,303 (15,202) 7,397 6,256
Less net earnings (loss) attributable to noncontrolling interests 83 (50) 245 248 162 53
Net earnings (loss) attributable to the Company (6,145) 15,233 13,057 (15,450) 7,234 6,204
Preferred stock dividends - - - (330) (322) (298)
Net earnin
g
s
(
loss
)
attributable to GE common shareowners $
(
6
,
145
)
$ 15
,
233 $ 13
,
057 $
(
15
,
780
)
$6
,
912 $ 5
,
906
Amounts attributable to GE common shareowners:
Earnings (loss) from continuing operations $ 1,746 $ 9,485 $ 7,864 $ (7,718) $ 1,537 $ 716
Less net earnin
g
s
(
loss
)
attributable to
noncontrolling interests, continuing operations 83 (50) 245 (64) 5 17
Earnin
g
s
(
loss
)
from continuin
g
o
p
erations attributable
to the Company 1,663 9,535 7,618 (7,654) 1,532 699
Preferred stock dividends - - - (330) (322) (298)
Earnin
g
s
(
loss
)
from continuin
g
o
p
erations attributable
to GE common shareowners 1,663 9,535 7,618
(
7,983
)
1,209 401
Earnings (loss) from discontinued operations, net of taxes (7,807) 5,698 5,439 (7,485) 5,860 5,540
Less net earnings (loss) attributable to
noncontrolling interests, discontinued operations - - - 312 157 36
Net earnin
g
s
(
loss
)
attributable to GE common shareowners $
(
6,145
)
$ 15,233 $ 13,057 $
(
15,780
)
$ 6,912 $ 5,906
(a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
Amounts may not add due to rounding.
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GE 2015 FORM 10-K 129