Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

General Electric Co. (NYSE:GE)

Common-Size Income Statement

Beginner level

General Electric Co., common-size consolidated income statement

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Sales of goods 67.38 65.93 66.83 68.32 70.42
Sales of services 32.62 34.07 33.17 31.68 29.58
Sales of goods and services 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of goods sold -55.33 -55.59 -56.83 -56.56 -56.62
Cost of services sold -24.71 -26.03 -24.39 -22.69 -21.54
Cost of goods and services sold -80.04% -81.62% -81.22% -79.25% -78.15%
Gross profit from sales 19.96% 18.38% 18.78% 20.75% 21.85%
GE Capital revenues from services 8.83 7.11 6.43 8.42 8.84
Selling, general and administrative expenses -15.94 -15.95 -16.15 -16.65 -16.85
Operating earnings 12.85% 9.54% 9.06% 12.53% 13.83%
Interest and other financial charges -4.83 -4.46 -4.30 -4.55 -3.27
Insurance losses and annuity benefits -3.77 -2.46 -10.75 -2.53 -2.46
Goodwill impairments -1.70 -19.50 -2.25 0.00 0.00
Non-operating benefit costs -3.25 -2.45 0.00 0.00 0.00
Other costs and expenses -0.53 -0.41 -0.96 -0.89 -2.46
Other income 2.54 1.99 1.44 3.63 2.10
Earnings (loss) from continuing operations before income taxes 1.31% -17.73% -7.77% 8.18% 7.74%
(Provision) benefit for income taxes -0.83 -0.51 2.69 0.42 -6.13
Earnings (loss) from continuing operations 0.48% -18.25% -5.08% 8.60% 1.61%
Loss from discontinued operations, net of taxes -6.10 -1.52 -0.27 -0.86 -7.08
Net earnings (loss) -5.61% -19.77% -5.35% 7.74% -5.48%
Net (earnings) loss attributable to noncontrolling interests -0.08 0.08 0.24 0.26 -0.31
Net earnings (loss) attributable to the Company -5.69% -19.69% -5.11% 8.00% -5.79%
Preferred stock dividends -0.53 -0.39 -0.39 -0.59 -0.02
Net earnings (loss) attributable to GE common shareholders -6.22% -20.08% -5.50% 7.41% -5.81%

Based on: 10-K (filing date: 2020-02-24), 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-26).

Income statement item Description The company
Operating earnings The net result for the period of deducting operating expenses from operating revenues. General Electric Co.’s operating earnings as a percentage of sales of goods and services increased from 2017 to 2018 and from 2018 to 2019.
Earnings (loss) from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. General Electric Co.’s earnings (loss) from continuing operations before income taxes as a percentage of sales of goods and services decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.
Net earnings (loss) attributable to the Company The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. General Electric Co.’s net earnings (loss) attributable to the Company as a percentage of sales of goods and services decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.