XML 27 R2.htm IDEA: XBRL DOCUMENT v3.10.0.1
STATEMENT OF EARNINGS (LOSS) (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Sales $ 27,465 $ 28,764 $ 82,432 $ 80,456
GE Capital revenues from services 2,109 1,898 5,905 6,184
Total revenues 29,573 30,662 88,337 86,640
Costs and expenses        
Selling, general and administrative expenses 4,855 4,741 13,547 13,180
Interest and other financial charges 1,227 1,232 3,807 3,545
Investment contracts, insurance losses and insurance annuity benefits 710 617 2,009 1,908
Goodwill impairment 21,973 947 21,973 947
Non-operating benefit costs 807 611 2,188 1,824
Other costs and expenses 98 261 286 584
Total costs and expenses 52,515 32,082 110,604 87,512
Other income 205 2,165 1,275 2,692
GE Capital earnings (loss) from continuing operations 0 0 0 0
Earnings (loss) from continuing operations before income taxes (22,736) 746 (20,992) 1,820
Benefit (provision) for income taxes (162) 551 (677) 693
Earnings (loss) from continuing operations (22,899) 1,297 (21,670) 2,513
Earnings (loss) from discontinued operations, net of taxes 39 (106) (1,634) (490)
Net earnings (loss) (22,859) 1,191 (23,304) 2,023
Less net earnings (loss) attributable to noncontrolling interests (90) (169) (188) (312)
Net earnings (loss) attributable to the Company (22,769) 1,360 (23,116) 2,334
Preferred stock dividends (39) (36) (260) (252)
Net earnings (loss) attributable to GE common shareowners (22,808) 1,324 (23,376) 2,082
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations (22,899) 1,297 (21,670) 2,513
Less net earnings (loss) attributable to noncontrolling interests, continuing operations (90) (169) (188) (318)
Earnings (loss) from continuing operations attributable to the Company (22,808) 1,465 (21,482) 2,831
Preferred stock dividends (39) (36) (260) (252)
Earnings (loss) from continuing operations attributable to GE common shareowners (22,847) 1,429 (21,742) 2,579
Earnings (loss) from discontinued operations, net of taxes 39 (106) (1,634) (490)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 0 (1) 0 6
Net earnings (loss) attributable to GE common shareowners $ (22,808) $ 1,324 $ (23,376) $ 2,082
Earnings (loss) from continuing operations        
Diluted earnings (loss) per share (in dollars per share) $ (2.63) $ 0.16 $ (2.50) $ 0.29
Basic earnings (loss) per share (in dollars per share) (2.63) 0.16 (2.50) 0.30
Net earnings (loss)        
Diluted earnings (loss) per share (in dollars per share) (2.62) 0.15 (2.69) 0.24
Basic earnings (loss) per share (in dollars per share) (2.62) 0.15 (2.69) 0.24
Dividends declared per common share (in dollars per share) $ 0.12 $ 0.24 $ 0.36 $ 0.72
Goods        
Revenues        
Sales $ 18,095 $ 19,244 $ 53,377 $ 54,348
Costs and expenses        
Cost of sales 15,991 16,361 45,103 45,911
Services        
Revenues        
Sales 9,370 9,521 29,055 26,108
Costs and expenses        
Cost of sales 6,855 7,310 21,692 19,614
GE        
Revenues        
GE Capital revenues from services [1] 0 0 0 0
Total revenues [1] 27,456 28,774 82,429 80,683
Costs and expenses        
Selling, general and administrative expenses [1] 4,660 4,604 12,990 12,199
Interest and other financial charges [1] 662 718 1,995 1,918
Investment contracts, insurance losses and insurance annuity benefits [1] 0 0 0 0
Goodwill impairment [1] 21,973 947 21,973 947
Non-operating benefit costs [1] 804 610 2,178 1,811
Other costs and expenses [1] 0 0 0 0
Total costs and expenses [1] 50,449 29,978 104,390 80,977
Other income [1] 201 2,160 1,237 2,659
GE Capital earnings (loss) from continuing operations [1] 19 24 (403) (195)
Earnings (loss) from continuing operations before income taxes [1] (22,774) 981 (21,128) 2,170
Benefit (provision) for income taxes [1] (205) 281 (842) 93
Earnings (loss) from continuing operations [1] (22,979) 1,261 (21,970) 2,263
Earnings (loss) from discontinued operations, net of taxes [1] 39 (105) (1,634) (497)
Net earnings (loss) [1] (22,940) 1,156 (23,604) 1,766
Less net earnings (loss) attributable to noncontrolling interests [1] (132) (168) (228) (316)
Net earnings (loss) attributable to the Company [1] (22,808) 1,324 (23,376) 2,082
Preferred stock dividends [1] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] (22,808) 1,324 (23,376) 2,082
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations [1] (22,979) 1,261 (21,970) 2,263
Less net earnings (loss) attributable to noncontrolling interests, continuing operations [1] (132) (168) (228) (316)
Earnings (loss) from continuing operations attributable to the Company [1] (22,847) 1,429 (21,742) 2,579
Preferred stock dividends [1] 0 0 0 0
Earnings (loss) from continuing operations attributable to GE common shareowners [1] (22,847) 1,429 (21,742) 2,579
Earnings (loss) from discontinued operations, net of taxes [1] 39 (105) (1,634) (497)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations [1] 0 0 0 0
Net earnings (loss) attributable to GE common shareowners [1] (22,808) 1,324 (23,376) 2,082
GE | Goods        
Revenues        
Sales [1] 18,072 19,216 53,305 54,408
Costs and expenses        
Cost of sales [1] 15,976 16,343 45,046 45,993
GE | Services        
Revenues        
Sales [1] 9,383 9,558 29,123 26,275
Costs and expenses        
Cost of sales [1] 6,373 6,756 20,207 18,108
Financial Services (GE Capital)        
Revenues        
GE Capital revenues from services 2,436 2,359 6,975 7,424
Total revenues 2,473 2,397 7,075 7,525
Costs and expenses        
Selling, general and administrative expenses 332 284 987 1,346
Interest and other financial charges 704 790 2,296 2,373
Investment contracts, insurance losses and insurance annuity benefits 732 640 2,071 1,958
Goodwill impairment 0 0 0 0
Non-operating benefit costs 2 1 9 12
Other costs and expenses 115 271 328 629
Total costs and expenses 2,416 2,608 7,342 8,070
Other income 0 0 0 0
GE Capital earnings (loss) from continuing operations 0 0 0 0
Earnings (loss) from continuing operations before income taxes 57 (211) (268) (545)
Benefit (provision) for income taxes 43 270 165 600
Earnings (loss) from continuing operations 99 59 (103) 55
Earnings (loss) from discontinued operations, net of taxes 40 (106) (1,579) (494)
Net earnings (loss) 139 (47) (1,682) (439)
Less net earnings (loss) attributable to noncontrolling interests 42 (2) 40 5
Net earnings (loss) attributable to the Company 98 (46) (1,722) (443)
Preferred stock dividends (39) (36) (260) (252)
Net earnings (loss) attributable to GE common shareowners 59 (81) (1,982) (695)
Amounts attributable to GE common shareowners        
Earnings (loss) from continuing operations 99 59 (103) 55
Less net earnings (loss) attributable to noncontrolling interests, continuing operations 42 (1) 40 (2)
Earnings (loss) from continuing operations attributable to the Company 58 60 (143) 57
Preferred stock dividends (39) (36) (260) (252)
Earnings (loss) from continuing operations attributable to GE common shareowners 19 24 (403) (195)
Earnings (loss) from discontinued operations, net of taxes 40 (106) (1,579) (494)
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations 0 (1) 0 6
Net earnings (loss) attributable to GE common shareowners 59 (81) (1,982) (695)
Financial Services (GE Capital) | Goods        
Revenues        
Sales 37 39 100 101
Costs and expenses        
Cost of sales 28 30 78 79
Financial Services (GE Capital) | Services        
Revenues        
Sales 0 0 0 0
Costs and expenses        
Cost of sales $ 502 $ 592 $ 1,573 $ 1,673
[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.