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Share Name | Share Symbol | Market | Type |
---|---|---|---|
GE Aerospace | NYSE:GE | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
1.85 | 1.14% | 164.49 | 165.74 | 162.0101 | 165.30 | 3,967,223 | 01:00:00 |
Date of Report (Date of earliest event reported) November 25, 2015
|
||||||||
|
||||||||
General Electric Company
|
||||||||
(Exact name of registrant as specified in its charter)
|
||||||||
|
||||||||
New York
|
001-00035
|
14-0689340
|
||||||
(State or other jurisdiction
of incorporation) |
(Commission
File Number) |
(IRS Employer
Identification No.) |
||||||
|
||||||||
3135 Easton Turnpike, Fairfield, Connecticut
|
06828-0001
|
|||||||
(Address of principal executive offices)
|
(Zip Code)
|
|||||||
|
||||||||
Registrant's telephone number, including area code (203) 373-2211
|
||||||||
|
||||||||
(Former name or former address, if changed since last report.)
|
☐
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
☐
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
☐
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
☐
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
·
|
Unaudited Pro Forma Condensed Consolidated Statement of Financial Position at September 30, 2015.
|
·
|
Unaudited Pro Forma Condensed Consolidated Statements of Earnings for the nine months ended September 30, 2015 and 2014 and each of the years ended December 31, 2014, 2013 and 2012.
|
·
|
Notes to the Unaudited Pro Forma Condensed Consolidated Financial Statements.
|
·
|
obtaining (or the timing of obtaining) any required regulatory reviews or approvals or any other consents or approvals associated with our announced plan to reduce the size of our financial services businesses;
|
·
|
our ability to complete incremental asset sales as part of that plan in a timely manner (or at all) and at the prices we have assumed;
|
·
|
changes in law, economic and financial conditions, including interest and exchange rate volatility, commodity and equity prices and the value of financial assets, including the impact of these conditions on our ability to sell or the value of incremental assets to be sold as part of our announced plan to reduce the size of our financial services businesses as well as other aspects of that plan;
|
·
|
the impact of conditions in the financial and credit markets on the availability and cost of GECC's funding, and GECC's exposure to counterparties;
|
·
|
the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit defaults;
|
·
|
pending and future mortgage loan repurchase claims and other litigation claims in connection with WMC, which may affect our estimates of liability, including possible loss estimates;
|
·
|
our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so;
|
·
|
the adequacy of our cash flows and earnings and other conditions which may affect our ability to pay our quarterly dividend at the planned level or to repurchase shares at planned levels;
|
·
|
GECC's ability to pay dividends to GE at the planned level, which may be affected by GECC's cash flows and earnings, financial services regulation and oversight, and other factors;
|
·
|
our ability to convert pre-order commitments/wins into orders;
|
·
|
the price we realize on orders since commitments/wins are stated at list prices;
|
·
|
customer actions or developments such as early aircraft retirements or reduced energy demand and other factors that may affect the level of demand and financial performance of the major industries and customers we serve;
|
·
|
the effectiveness of our risk management framework;
|
·
|
the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of financial services regulation and litigation;
|
·
|
our capital allocation plans, as such plans may change including with respect to the timing and size of share repurchases, acquisitions, joint ventures, dispositions and other strategic actions;
|
·
|
our success in completing, including obtaining regulatory approvals for, announced transactions, such as the Appliances disposition and our announced plan and transactions to reduce the size of our financial services businesses;
|
·
|
our success in integrating acquired businesses and operating joint ventures;
|
·
|
our ability to realize anticipated earnings and savings from announced transactions, acquired businesses and joint ventures;
|
·
|
the impact of potential information technology or data security breaches; and
|
·
|
the other factors that are described in "Risk Factors" in our Annual Report on Form 10-K for the year ended December 31, 2014.
|
General Electric Company
|
|||
(Registrant)
|
|||
|
|||
Date: November 30, 2015
|
/s/ Jan R. Hauser
|
||
Jan R. Hauser
Vice President and Controller
|
Exhibit Number
|
Description
|
12(a)
|
Pro Forma Computation of Ratio of Earnings to Fixed Charges
|
12(b)
|
Pro Forma Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
|
99
|
General Electric Company Unaudited Pro Forma Condensed
Consolidated Financial Statements
|
Exhibit 12(a)
|
|||||
General Electric Company
|
|||||
Pro Forma Computation of Ratio of Earnings to Fixed Charges
|
|||||
Nine months ended September 30
|
|||||
(Dollars in millions)
|
2015
|
2014
|
|||
|
|||||
General Electric Company and
|
|||||
consolidated affiliates
|
|||||
Earnings(a)
|
$
|
6,076
|
$
|
6,137
|
|
Plus:
|
|||||
Interest and other financial charges
|
|||||
included in expense(b)
|
6,332
|
7,116
|
|||
One-third of rental expense(c)
|
363
|
370
|
|||
Adjusted "earnings"
|
$
|
12,771
|
$
|
13,623
|
|
Fixed charges:
|
|||||
Interest and other financial charges
|
|||||
included in expense(b)
|
$
|
6,332
|
$
|
7,116
|
|
Interest capitalized
|
18
|
20
|
|||
One-third of rental expense(c)
|
363
|
370
|
|||
Total fixed charges
|
$
|
6,713
|
$
|
7,506
|
|
Pro forma ratio of earnings to fixed charges
|
1.90
|
1.81
|
|||
(a) | Pro forma earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees. |
(b) | Included interest on tax deficiencies and interest on discontinued operations. |
(c) | Considered to be representative of interest factor in rental expense. |
Exhibit 12(b)
|
||||||||||||||
General Electric Company
|
||||||||||||||
Pro Forma Computation of Ratio of Earnings to Combined Fixed Charges and Preferred Stock Dividends
|
||||||||||||||
Years ended December 31
|
||||||||||||||
(Dollars in millions)
|
2014
|
2013
|
2012
|
2011
|
2010
|
|||||||||
|
|
|
|
|||||||||||
General Electric Company and
|
||||||||||||||
consolidated affiliates
|
||||||||||||||
Earnings(a)
|
$
|
9,769
|
$
|
9,040
|
$
|
8,529
|
$
|
12,847
|
$
|
15,913
|
||||
Plus:
|
||||||||||||||
Interest and other financial charges
|
||||||||||||||
included in expense(b)
|
9,482
|
10,116
|
12,407
|
14,422
|
15,431
|
|||||||||
One-third of rental expense(c)
|
473
|
504
|
510
|
462
|
563
|
|||||||||
Adjusted "earnings"
|
$
|
19,724
|
$
|
19,660
|
$
|
21,446
|
$
|
27,731
|
$
|
31,907
|
||||
Fixed charges:
|
||||||||||||||
Interest and other financial charges
|
||||||||||||||
included in expense(b)
|
$
|
9,482
|
$
|
10,116
|
$
|
12,407
|
$
|
14,422
|
$
|
15,431
|
||||
Interest capitalized
|
25
|
29
|
28
|
25
|
39
|
|||||||||
One-third of rental expense(c)
|
473
|
504
|
510
|
462
|
563
|
|||||||||
Total fixed charges
|
$
|
9,980
|
$
|
10,649
|
$
|
12,945
|
$
|
14,909
|
$
|
16,033
|
||||
Pro forma ratio of earnings to fixed charges
|
1.98
|
1.85
|
1.66
|
1.86
|
1.99
|
|||||||||
Preferred stock dividend requirements
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
1,031
|
$
|
300
|
||||
Pro forma ratio of earnings before provision for
|
||||||||||||||
income taxes to earnings from
|
||||||||||||||
continuing operations
|
1.08
|
1.15
|
1.16
|
1.49
|
1.18
|
|||||||||
Preferred stock dividend factor on pre-tax basis
|
$
|
-
|
$
|
-
|
$
|
-
|
$
|
1,536
|
$
|
354
|
||||
Fixed charges
|
9,980
|
10,649
|
12,945
|
14,909
|
16,033
|
|||||||||
Total fixed charges and preferred stock
|
||||||||||||||
dividend requirements
|
$
|
9,980
|
$
|
10,649
|
$
|
12,945
|
$
|
16,445
|
$
|
16,387
|
||||
Pro forma ratio of earnings to combined fixed
|
||||||||||||||
charges and preferred stock dividends
|
1.98
|
1.85
|
1.66
|
1.69
|
1.95
|
|||||||||
(a) | Pro forma earnings before income taxes, noncontrolling interests, discontinued operations and undistributed earnings of equity investees. |
(b) | Included interest on tax deficiencies and interest on discontinued operations. |
(c) | Considered to be representative of interest factor in rental expense. |
·
|
GE's audited consolidated financial statements and the notes thereto as of and for the year ended December 31, 2014, and Management's Discussion and Analysis included in GE's Annual Report on Form 10-K for the year ended December 31, 2014 as updated by GE's Current Report on Form 8-K filed August 7, 2015.
|
·
|
GE's unaudited consolidated financial statements and the notes thereto as of and for the nine months ended September 30, 2015, and Management's Discussion and Analysis included in GE's Quarterly Report on Form 10-Q for the quarter ended September 30, 2015.
|
·
|
GE's Current Report on Form 8-K filed November 23, 2015.
|
General Electric Company
|
||||||||
Unaudited Pro Forma Condensed Consolidated Statement of Financial Position
|
||||||||
At September 30, 2015
|
||||||||
General
|
||||||||
Electric
|
||||||||
Company
|
Consumer
|
|||||||
(In millions, except share amounts)
|
Historical
|
Adjustment
|
Pro Forma
|
|||||
Assets
|
||||||||
Cash and equivalents
|
$
|
99,086
|
$
|
(15,219)
|
$
|
83,867
|
||
Investment securities
|
36,933
|
(4,462)
|
32,471
|
|||||
Current receivables
|
22,332
|
-
|
22,332
|
|||||
Inventories
|
19,285
|
-
|
19,285
|
|||||
Financing receivables – net
|
72,353
|
(60,149)
|
12,204
|
|||||
Other GECC receivables
|
6,280
|
(405)
|
5,875
|
|||||
Property, plant and equipment – net
|
50,704
|
(265)
|
50,438
|
|||||
Goodwill
|
61,660
|
(9,088)
|
52,572
|
|||||
Other intangible assets – net
|
13,618
|
(684)
|
12,934
|
|||||
All other assets
|
45,793
|
(2,977)
|
42,817
|
|||||
Financing receivables held for sale
|
22,832
|
(22,713)
|
119
|
|||||
Deferred income taxes
|
176
|
918
|
1,094
|
|||||
Assets of businesses held for sale
|
8,309
|
(4,917)
|
3,392
|
|||||
Assets of discontinued operations
|
121,949
|
121,533
|
243,482
|
|||||
Total assets
|
$
|
581,310
|
$
|
1,572
|
$
|
582,882
|
||
Liabilities and equity
|
||||||||
Short-term borrowings
|
$
|
46,495
|
$
|
(189)
|
$
|
46,306
|
||
Accounts payable, principally trade accounts
|
11,762
|
(400)
|
11,362
|
|||||
Progress collections and price adjustments accrued
|
11,247
|
-
|
11,247
|
|||||
Dividends payable
|
2,324
|
-
|
2,324
|
|||||
Other GE current liabilities
|
12,624
|
-
|
12,624
|
|||||
Non-recourse borrowings of consolidated securitization entities
|
16,225
|
(13,640)
|
2,585
|
|||||
Bank deposits
|
48,656
|
(48,656)
|
-
|
|||||
Long-term borrowings
|
180,011
|
(10,872)
|
169,138
|
|||||
Investment contracts, insurance liabilities and insurance annuity benefits
|
26,135
|
(28)
|
26,108
|
|||||
All other liabilities
|
60,685
|
(2,527)
|
58,158
|
|||||
Liabilities of businesses held for sale
|
1,384
|
(260)
|
1,124
|
|||||
Liabilities of discontinued operations
|
43,768
|
78,144
|
121,912
|
|||||
Total liabilities
|
461,317
|
1,572
|
462,889
|
|||||
Common stock (10,109,239,000 shares outstanding)
|
702
|
-
|
702
|
|||||
Accumulated other comprehensive income (loss) – net attributable to GE
|
||||||||
Investment securities
|
561
|
-
|
561
|
|||||
Currency translation adjustments
|
(5,281)
|
-
|
(5,281)
|
|||||
Cash flow hedges
|
(174)
|
-
|
(174)
|
|||||
Benefit plans
|
(12,089)
|
-
|
(12,089)
|
|||||
Other capital
|
32,760
|
-
|
32,760
|
|||||
Retained earnings
|
135,932
|
-
|
135,932
|
|||||
Less common stock held in treasury
|
(41,207)
|
-
|
(41,207)
|
|||||
Total GE shareowners' equity
|
111,204
|
-
|
111,204
|
|||||
Noncontrolling interests
|
8,788
|
-
|
8,788
|
|||||
Total equity
|
119,993
|
-
|
119,993
|
|||||
Total liabilities and equity
|
$
|
581,310
|
$
|
1,572
|
$
|
582,882
|
||
General Electric Company
|
||||||||
Unaudited Pro Forma Condensed Consolidated Statement of Earnings
|
||||||||
For the nine months ended September 30, 2015
|
||||||||
General
|
||||||||
Electric
|
||||||||
Company
|
Consumer
|
|||||||
(In millions; per-share amounts in dollars)
|
Historical
|
Adjustment
|
Pro Forma
|
|||||
Revenues and other income
|
||||||||
Sales of goods
|
$
|
53,003
|
$
|
-
|
$
|
53,003
|
||
Sales of services
|
22,263
|
-
|
22,263
|
|||||
Other income
|
1,092
|
-
|
1,092
|
|||||
GECC revenues from services
|
16,373
|
(9,237)
|
7,136
|
|||||
Total revenues and other income
|
92,731
|
(9,237)
|
83,494
|
|||||
Costs and expenses
|
||||||||
Costs of goods sold
|
42,748
|
-
|
42,748
|
|||||
Cost of services sold
|
14,690
|
-
|
14,690
|
|||||
Interest and other financial charges
|
3,976
|
(1,748)
|
2,228
|
|||||
Investment contracts, insurance losses and insurance annuity benefits
|
1,952
|
(10)
|
1,942
|
|||||
Provision for losses on financing receivables
|
4,636
|
(4,596)
|
40
|
|||||
Other costs and expenses
|
19,125
|
(3,562)
|
15,563
|
|||||
Total costs and expenses
|
87,127
|
(9,915)
|
77,212
|
|||||
Earnings (loss) from continuing operations
|
||||||||
before income taxes
|
5,604
|
679
|
6,282
|
|||||
Benefit (provision) for income taxes
|
(7,466)
|
238
|
(7,227)
|
|||||
Earnings (loss) from continuing operations
|
(1,862)
|
917
|
(945)
|
|||||
Less net earnings (loss) attributable to noncontrolling interests
|
229
|
(270)
|
(41)
|
|||||
Earnings (loss) from continuing operations attributable
|
||||||||
to GE common shareowners
|
$
|
(2,091)
|
$
|
1,187
|
$
|
(904)
|
||
Per share amounts
|
||||||||
Earnings (loss) from continuing operations
|
||||||||
Diluted earnings (loss) per share
|
$
|
(0.21)
|
$
|
(0.09)
|
||||
Basic earnings (loss) per share
|
$
|
(0.21)
|
$
|
(0.09)
|
||||
Average equivalent shares
|
||||||||
Diluted
|
10,085
|
10,085
|
||||||
Basic
|
10,085
|
10,085
|
||||||
General Electric Company
|
||||||||
Unaudited Pro Forma Condensed Consolidated Statement of Earnings
|
||||||||
For the nine months ended September 30, 2014
|
||||||||
General
|
||||||||
Electric
|
||||||||
Company
|
Consumer
|
|||||||
(In millions; per-share amounts in dollars)
|
Historical
|
Adjustment
|
Pro Forma
|
|||||
Revenues and other income
|
||||||||
Sales of goods
|
$
|
53,894
|
$
|
-
|
$
|
53,894
|
||
Sales of services
|
21,945
|
-
|
21,945
|
|||||
Other income
|
792
|
-
|
792
|
|||||
GECC revenues from services
|
17,964
|
(10,822)
|
7,142
|
|||||
Total revenues and other income
|
94,595
|
(10,822)
|
83,773
|
|||||
Costs and expenses
|
||||||||
Costs of goods sold
|
43,600
|
-
|
43,600
|
|||||
Cost of services sold
|
14,668
|
-
|
14,668
|
|||||
Interest and other financial charges
|
3,975
|
(1,898)
|
2,077
|
|||||
Investment contracts, insurance losses and insurance annuity benefits
|
1,940
|
(13)
|
1,927
|
|||||
Provision for losses on financing receivables
|
2,693
|
(2,663)
|
29
|
|||||
Other costs and expenses
|
18,744
|
(3,659)
|
15,087
|
|||||
Total costs and expenses
|
85,620
|
(8,233)
|
77,388
|
|||||
Earnings (loss) from continuing operations
|
||||||||
before income taxes
|
8,975
|
(2,588)
|
6,385
|
|||||
Benefit (provision) for income taxes
|
(1,034)
|
449
|
(585)
|
|||||
Earnings (loss) from continuing operations
|
7,941
|
(2,139)
|
5,800
|
|||||
Less net earnings (loss) attributable to noncontrolling interests
|
(75)
|
(71)
|
(146)
|
|||||
Earnings (loss) from continuing operations attributable
|
||||||||
to GE common shareowners
|
$
|
8,016
|
$
|
(2,068)
|
$
|
5,946
|
||
Per share amounts
|
||||||||
Earnings (loss) from continuing operations
|
||||||||
Diluted earnings (loss) per share
|
$
|
0.79
|
$
|
0.59
|
||||
Basic earnings (loss) per share
|
$
|
0.80
|
$
|
0.59
|
||||
Average equivalent shares
|
||||||||
Diluted
|
10,121
|
10,121
|
||||||
Basic
|
10,042
|
10,042
|
||||||
General Electric Company
|
||||||||
Unaudited Pro Forma Condensed Consolidated Statement of Earnings
|
||||||||
For the year ended December 31, 2014
|
||||||||
General
|
||||||||
Electric
|
||||||||
Company
|
Consumer
|
|||||||
(In millions; per-share amounts in dollars)
|
Historical
|
Adjustment
|
Pro Forma
|
|||||
Revenues and other income
|
||||||||
Sales of goods
|
$
|
76,569
|
$
|
-
|
$
|
76,568
|
||
Sales of services
|
30,190
|
-
|
30,190
|
|||||
Other income
|
778
|
-
|
778
|
|||||
GECC revenues from services
|
24,671
|
(15,023)
|
9,648
|
|||||
Total revenues and other income
|
132,208
|
(15,023)
|
117,184
|
|||||
Costs and expenses
|
||||||||
Costs of goods sold
|
61,257
|
-
|
61,257
|
|||||
Cost of services sold
|
20,054
|
-
|
20,053
|
|||||
Interest and other financial charges
|
5,334
|
(2,611)
|
2,723
|
|||||
Investment contracts, insurance losses and insurance annuity benefits
|
2,548
|
(18)
|
2,530
|
|||||
Provision for losses on financing receivables
|
3,623
|
(3,544)
|
80
|
|||||
Other costs and expenses
|
25,238
|
(4,959)
|
20,278
|
|||||
Total costs and expenses
|
118,054
|
(11,132)
|
106,921
|
|||||
Earnings (loss) from continuing operations
|
||||||||
before income taxes
|
14,154
|
(3,891)
|
10,263
|
|||||
Benefit (provision) for income taxes
|
(1,508)
|
736
|
(773)
|
|||||
Earnings (loss) from continuing operations
|
12,646
|
(3,155)
|
9,490
|
|||||
Less net earnings (loss) attributable to noncontrolling interests
|
112
|
(157)
|
(45)
|
|||||
Earnings (loss) from continuing operations attributable
|
||||||||
to GE common shareowners
|
$
|
12,534
|
$
|
(2,998)
|
$
|
9,535
|
||
Per share amounts
|
||||||||
Earnings (loss) from continuing operations
|
||||||||
Diluted earnings (loss) per share
|
$
|
1.24
|
$
|
0.94
|
||||
Basic earnings (loss) per share
|
$
|
1.25
|
$
|
0.95
|
||||
Average equivalent shares
|
||||||||
Diluted
|
10,123
|
10,123
|
||||||
Basic
|
10,045
|
10,045
|
||||||
General Electric Company
|
||||||||
Unaudited Pro Forma Condensed Consolidated Statement of Earnings
|
||||||||
For the year ended December 31, 2013
|
||||||||
General
|
||||||||
Electric
|
||||||||
Company
|
Consumer
|
|||||||
(In millions; per-share amounts in dollars)
|
Historical
|
Adjustment
|
Pro Forma
|
|||||
Revenues and other income
|
||||||||
Sales of goods
|
$
|
71,873
|
$
|
-
|
$
|
71,873
|
||
Sales of services
|
28,669
|
-
|
28,669
|
|||||
Other income
|
3,108
|
-
|
3,107
|
|||||
GECC revenues from services
|
25,336
|
(15,741)
|
9,595
|
|||||
Total revenues and other income
|
128,986
|
(15,741)
|
113,245
|
|||||
Costs and expenses
|
||||||||
Costs of goods sold
|
57,867
|
-
|
57,867
|
|||||
Cost of services sold
|
19,274
|
-
|
19,274
|
|||||
Interest and other financial charges
|
5,539
|
(2,669)
|
2,870
|
|||||
Investment contracts, insurance losses and insurance annuity benefits
|
2,676
|
(15)
|
2,661
|
|||||
Provision for losses on financing receivables
|
4,053
|
(4,048)
|
5
|
|||||
Other costs and expenses
|
26,154
|
(4,686)
|
21,468
|
|||||
Total costs and expenses
|
115,563
|
(11,418)
|
104,145
|
|||||
Earnings (loss) from continuing operations
|
||||||||
before income taxes
|
13,423
|
(4,324)
|
9,100
|
|||||
Benefit (provision) for income taxes
|
(1,212)
|
(7)
|
(1,219)
|
|||||
Earnings (loss) from continuing operations
|
12,211
|
(4,330)
|
7,881
|
|||||
Less net earnings (loss) attributable to noncontrolling interests
|
298
|
(36)
|
262
|
|||||
Earnings (loss) from continuing operations attributable
|
||||||||
to GE common shareowners
|
$
|
11,913
|
$
|
(4,294)
|
$
|
7,618
|
||
Per share amounts
|
||||||||
Earnings (loss) from continuing operations
|
||||||||
Diluted earnings (loss) per share
|
$
|
1.16
|
$
|
0.74
|
||||
Basic earnings (loss) per share
|
$
|
1.16
|
$
|
0.74
|
||||
Average equivalent shares
|
||||||||
Diluted
|
10,289
|
10,289
|
||||||
Basic
|
10,222
|
10,222
|
||||||
General Electric Company
|
||||||||
Unaudited Pro Forma Condensed Consolidated Statement of Earnings
|
||||||||
For the year ended December 31, 2012
|
||||||||
General
|
||||||||
Electric
|
||||||||
Company
|
Consumer
|
|||||||
(In millions; per-share amounts in dollars)
|
Historical
|
Adjustment
|
Pro Forma
|
|||||
Revenues and other income
|
||||||||
Sales of goods
|
$
|
72,990
|
$
|
-
|
$
|
72,990
|
||
Sales of services
|
27,158
|
-
|
27,158
|
|||||
Other income
|
2,563
|
-
|
2,563
|
|||||
GECC revenues from services
|
25,180
|
(15,303)
|
9,877
|
|||||
Total revenues and other income
|
127,891
|
(15,303)
|
112,588
|
|||||
Costs and expenses
|
||||||||
Costs of goods sold
|
56,785
|
-
|
56,784
|
|||||
Cost of services sold
|
17,525
|
-
|
17,525
|
|||||
Interest and other financial charges
|
6,442
|
(3,294)
|
3,149
|
|||||
Investment contracts, insurance losses and insurance annuity benefits
|
2,857
|
(10)
|
2,847
|
|||||
Provision for losses on financing receivables
|
3,224
|
(3,218)
|
5
|
|||||
Other costs and expenses
|
26,497
|
(4,420)
|
22,077
|
|||||
Total costs and expenses
|
113,330
|
(10,942)
|
102,387
|
|||||
Earnings (loss) from continuing operations
|
||||||||
before income taxes
|
14,561
|
(4,361)
|
10,201
|
|||||
Benefit (provision) for income taxes
|
(2,526)
|
1,141
|
(1,385)
|
|||||
Earnings (loss) from continuing operations
|
12,035
|
(3,218)
|
8,816
|
|||||
Less net earnings (loss) attributable to noncontrolling interests
|
223
|
(53)
|
170
|
|||||
Earnings (loss) from continuing operations attributable
|
||||||||
to GE common shareowners
|
$
|
11,812
|
$
|
(3,165)
|
$
|
8,646
|
||
Per share amounts
|
||||||||
Earnings (loss) from continuing operations
|
||||||||
Diluted earnings (loss) per share
|
$
|
1.12
|
$
|
0.82
|
||||
Basic earnings (loss) per share
|
$
|
1.12
|
$
|
0.82
|
||||
Average equivalent shares
|
||||||||
Diluted
|
10,564
|
10,564
|
||||||
Basic
|
10,523
|
10,523
|
||||||
1 Year GE Aerospace Chart |
1 Month GE Aerospace Chart |
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