Earnings Per Share Information |
NOTE 13. EARNINGS PER SHARE INFORMATION | Three months ended March 31 | | 2015 | | 2014 | (In millions; per-share amounts in dollars) | Diluted | | Basic | | Diluted | | Basic | | | | | | | | | | | | | Amounts attributable to the Company: | | | | | | | | | | | | Consolidated | | | | | | | | | | | | Earnings (loss) from continuing operations attributable to | | | | | | | | | | | | common shareowners for per-share calculation(a)(b) | $ | (11,374) | | $ | (11,374) | | $ | 2,743 | | $ | 2,743 | Earnings (loss) from discontinued operations | | | | | | | | | | | | for per-share calculation(a)(b) | | (2,205) | | | (2,205) | | | 252 | | | 252 | Net earnings (loss) attributable to GE common | | | | | | | | | | | | shareowners for per-share calculation(a)(b) | $ | (13,576) | | $ | (13,576) | | $ | 2,995 | | $ | 2,995 | | | | | | | | | | | | | Average equivalent shares | | | | | | | | | | | | Shares of GE common stock outstanding | | 10,067 | | | 10,067 | | | 10,045 | | | 10,045 | Employee compensation-related shares (including | | | | | | | | | | | | stock options) | | - | | | - | | | 78 | | | - | Total average equivalent shares | | 10,067 | | | 10,067 | | | 10,123 | | | 10,045 | | | | | | | | | | | | | Per-share amounts | | | | | | | | | | | | Earnings (loss) from continuing operations | $ | (1.13) | | $ | (1.13) | | $ | 0.27 | | $ | 0.27 | Earnings (loss) from discontinued operations | | (0.22) | | | (0.22) | | | 0.02 | | | 0.03 | Net earnings (loss) | | (1.35) | | | (1.35) | | | 0.30 | | | 0.30 | | | | | | | | | | | | |
- Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities. For the period ended March 31, 2015, pursuant to the two-class method, as a result of the net loss from continuing operations, losses were not allocated to the participating securities. For the period ended March 31, 2014, participating securities are included in the computation of earnings (loss) per share pursuant to the two-class method and the application of this treatment had an insignificant effect.
- Included an insignificant amount of dividend equivalents in each of the periods presented.
As a result of the loss from continuing operations for the three months ended March 31, 2015, all of the outstanding stock awards, approximately 312 million, were not included in the computation of diluted earnings (loss) per share because their effect was antidilutive. For the three months ended March 31, 2014, approximately 72 million of outstanding stock awards were not included in the computation of diluted earnings (loss) per share because their effect was antidilutive. Earnings (loss) per share amounts are computed independently, 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 (loss). |