GE 2015 Annual Report Download - page 212

FINANCIAL STATEMENTS OTHER INCOME & EARNINGS PER SHARE
184 GE 2015 FORM 10-K
NOTE 17. OTHER INCOME
(In millions) 2015 2014 2013
GE
Purchases and sales of business interests(a) $ 1,020 $ 188 $ 1,750
Licensing and royalty income 168 288 320
A
ssociated companies 45 176 40
Net interest and investment income(b) 65 (77) 116
Other items(c) 868 132 660
2,165 707 2,886
Eliminations 62 71 221
Total $ 2,227 $ 778 $ 3,107
(a) Included a pre-tax gain of $623 million on the sale of our Signaling business in 2015 and a pre-tax gain of $1,096 million on the sale of our
49% common equity interest in NBCU LLC in 2013. See Note 2.
(b) Included other-than-temporary impairments on investment securities of $(217) million in 2014.
(c) Included the $450 million NBCU tax settlement and the $175 million break-up fee from Electrolux in 2015. Included net gains on asset sales of
$90 million, $127 million and $357 million in 2015, 2014 and 2013, respectively.
NOTE 18. EARNINGS PER SHARE INFORMATION
2015 2014 2013
(In millions; per-share amounts in dollars) Diluted Basi
c
Diluted Basic Diluted Basi
c
Amounts attributable to the Company:
Consolidated
Earnings (loss) from continuing operations for
per-share calculation(a) $ 1,680 $ 1,679 $ 9,523 $ 9,523
$ 7,596 $ 7,609
Preferred stock dividends declared (18) (18) - - - -
Earnings (loss) from continuing operations attributable to
common shareowners for per-share calculation(a)(b) $ 1,662 $ 1,661 $ 9,523 $ 9,523
$ 7,596 $ 7,609
Earnings (loss) from discontinued operations
for per-share calculation(a)(b) (7,795) (7,795) 5,691 5,691 5,420 5,432
Net earnings (loss) attributable to GE common
shareowners for per-share calculation(a)(b) $ (6,135) $ (6,135) $ 15,213 $ 15,212
$ 13,028 $ 13,040
Average equivalent shares
Shares of GE common stock outstanding 9,944 9,944 10,045 10,045 10,222 10,222
Employee compensation-related shares (including
stock options) and warrants 72 - 78 - 67 -
Total average equivalent shares 10,016 9,944 10,123 10,045 10,289 10,222
Per-share amounts
Earnings (loss) from continuing operations $ 0.17 $ 0.17 $ 0.94 $ 0.95
$ 0.74 $ 0.74
Earnings (loss) from discontinued operations (0.78) (0.78) 0.56 0.57 0.53 0.53
Net earnings (loss) (0.61) (0.62) 1.50 1.51
1.27 1.28
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 had 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, 2015, 2014 and 2013, there were approximately 97 million, 98 million and 121 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.
184 GE 2015 FORM 10-K