See also
ˇ Show More
The income statement presents information on the financial results of a company's business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.
You have visited 10 password protected pages for free. Others contain data covered by 
.
Sign Up Now to get full access to whole website and cut out all advertisements.
General Electric Co., Consolidated Income Statement
USD $ in millions
| 12 months ended | Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
|---|---|---|---|---|---|---|
 |
Sales of goods | |
|
|
|
|
|
Sales of services | |
|
|
|
|
|
Sales revenue | |
|
|
|
|
|
Cost of goods sold | |
|
|
|
|
|
Cost of services sold | |
|
|
|
|
|
Gross profit | |
|
|
|
|
|
Selling, general and administrative expenses | |
|
|
|
|
|
Operating earnings | |
|
|
|
|
|
Purchases and sales of business interests | |
|
|
|
|
|
Associated companies | |
|
|
|
|
|
Licensing and royalty income | |
|
|
|
|
|
Interest income from GECS | |
|
|
|
|
|
Marketable securities and bank deposits | |
|
|
|
|
|
Other items | |
|
|
|
|
|
Other income | |
|
|
|
|
|
GECS earnings from continuing operations | |
|
|
|
|
|
Interest and other financial charges | |
|
|
|
|
|
Earnings from continuing operations before income taxes | |
|
|
|
|
|
Provision for income taxes | |
|
|
|
|
|
Earnings from continuing operations | |
|
|
|
|
|
Earnings (loss) from discontinued operations, net of taxes | |
|
|
|
|
|
Net earnings | |
|
|
|
|
|
Net earnings attributable to noncontrolling interests | |
|
|
|
|
|
Net earnings attributable to the Company | |
|
|
|
|
| Item | Description | The company |
|---|---|---|
| Sales revenue | Aggregate revenue recognized during the period (derived from goods sold, services rendered, insurance premiums, or other activities that constitute an entity's earning process). For financial services companies, also includes investment and interest income, and sales and trading gains. | General Electric Co.'s sales revenue declined from 2009 to 2010 and from 2010 to 2011. |
| Operating earnings | The net result for the period of deducting operating expenses from operating revenues. | General Electric Co.'s operating earnings declined from 2009 to 2010 and from 2010 to 2011. |
| Earnings from continuing operations before income taxes | Sum of operating profit and nonoperating income (expense) before income (loss) from equity method investments, income taxes, extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | General Electric Co.'s earnings from continuing operations before income taxes increased from 2009 to 2010 and from 2010 to 2011. |
| Earnings from continuing operations | This represents the income or loss from continuing operations attributable to the economic entity which may also be defined as revenue less expenses and taxes from ongoing operations before extraordinary items, cumulative effects of changes in accounting principles, and noncontrolling interest. | General Electric Co.'s earnings from continuing operations increased from 2009 to 2010 and from 2010 to 2011. |
| Net earnings | The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. | General Electric Co.'s net earnings increased from 2009 to 2010 and from 2010 to 2011. |
| Net earnings attributable to the Company | The portion of consolidated profit or loss for the period, net of income taxes, which is attributable to the parent. If the entity does not present consolidated financial statements, the amount of profit or loss for the period, net of income taxes. | General Electric Co.'s net earnings attributable to the Company increased from 2009 to 2010 and from 2010 to 2011. |
May 23, 2012