General Electric Co. (GE)


Common-Size Income Statement
Quarterly Data

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General Electric Co., common-size consolidated income statement (quarterly data)

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3 months ended Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Sales of goods 64.16 63.92 69.03 65.88 64.07 64.31 67.35 65.87 67.42 66.64 68.76 69.19 67.31 67.98 70.42 69.97 71.17 70.09 73.33 72.32 69.85 71.03
Sales of services 35.84 36.08 30.97 34.12 35.93 35.69 32.65 34.13 32.58 33.36 31.24 30.81 32.69 32.02 29.58 30.03 28.83 29.91 26.67 27.68 30.15 28.97
Sales of goods and services 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Cost of goods sold -53.53 -53.47 -57.89 -58.22 -53.15 -52.77 -55.99 -57.14 -56.91 -57.44 -55.92 -56.89 -55.98 -57.63 -56.18 -55.62 -57.68 -57.09 -57.11 -58.83 -56.15 -57.50
Cost of services sold -27.92 -26.84 -25.27 -24.96 -26.67 -27.33 -26.09 -24.73 -23.10 -23.26 -22.71 -21.30 -23.88 -22.81 -21.04 -22.16 -21.27 -21.80 -17.42 -17.41 -20.50 -20.16
Cost of goods and services sold -81.45% -80.31% -83.17% -83.18% -79.82% -80.10% -82.08% -81.87% -80.01% -80.70% -78.63% -78.19% -79.86% -80.43% -77.22% -77.78% -78.95% -78.88% -74.52% -76.25% -76.66% -77.66%
Gross profit from sales 18.55% 19.69% 16.83% 16.82% 20.18% 19.90% 17.92% 18.13% 19.99% 19.30% 21.37% 21.81% 20.14% 19.57% 22.78% 22.22% 21.05% 21.12% 25.48% 23.75% 23.34% 22.34%
GE Capital revenues from services 7.63 7.67 6.96 7.68 7.16 6.65 3.49 6.45 7.42 8.97 7.39 8.29 8.26 9.96 7.25 9.14 9.17 10.19 35.89 38.73 37.54 42.48
Selling, general and administrative expenses -15.62 -16.36 -14.67 -17.68 -15.98 -15.64 -14.80 -16.50 -15.74 -17.86 -15.03 -16.20 -17.42 -18.20 -15.63 -16.68 -16.83 -18.64 0.00 0.00 0.00 0.00
Operating earnings 10.56% 11.00% 9.13% 6.82% 11.36% 10.90% 6.61% 8.08% 11.68% 10.41% 13.74% 13.91% 10.98% 11.33% 14.40% 14.67% 13.39% 12.67% 61.37% 62.48% 60.88% 64.82%
Interest and other financial charges -3.70 -4.47 -4.02 -4.47 -4.61 -4.78 -4.23 -4.19 -4.31 -4.51 -3.31 -3.58 -4.73 -6.86 -4.04 -3.51 -2.74 -2.61 -7.65 -9.10 -8.99 -10.12
Insurance losses and annuity benefits -2.38 -2.41 -2.51 -2.59 -2.38 -2.34 -32.78 -2.10 -2.41 -2.51 -2.30 -2.55 -2.77 -2.54 -2.17 -2.64 -2.52 -2.59 -1.97 -2.56 -2.52 -2.60
Goodwill impairments -2.78 0.00 -0.52 -80.00 0.00 0.00 -5.12 -3.22 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Non-operating benefit costs -2.08 -2.23 -1.89 -2.94 -2.47 -2.56 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Provision for losses on financing receivables 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -3.55 -3.70 -3.71 -4.07
Other costs and expenses -0.62 -0.32 -0.58 -0.35 -0.24 -0.44 -1.59 -0.89 -0.49 -0.75 -0.60 -0.88 -1.08 -1.03 -5.68 -1.16 -1.10 -1.22 -28.49 -33.00 -32.48 -34.36
Other income -0.02 3.47 3.17 0.75 3.08 0.76 -3.15 7.29 1.09 0.67 2.05 0.85 11.24 0.04 3.72 0.66 2.99 0.60 -0.05 1.00 1.30 0.82
Earnings (loss) from continuing operations before income taxes -1.02% 5.03% 2.76% -82.78% 4.74% 1.54% -40.27% 4.98% 5.56% 3.30% 9.57% 7.73% 13.64% 0.94% 6.23% 8.03% 10.02% 6.84% 19.66% 15.12% 14.48% 14.49%
(Provision) benefit for income taxes 0.55 -0.88 0.31 -0.59 -1.93 0.10 8.76 1.13 -0.06 -0.06 2.53 -0.07 -1.64 0.70 2.43 -0.53 -3.07 -26.58 -1.94 -1.79 -0.74 -2.16
Earnings (loss) from continuing operations -0.47% 4.16% 3.06% -83.38% 2.81% 1.64% -31.52% 6.12% 5.50% 3.23% 12.11% 7.67% 12.00% 1.64% 8.66% 7.50% 6.96% -19.73% 17.72% 13.33% 13.74% 12.33%
Earnings (loss) from discontinued operations, net of taxes 0.86 10.23 -0.30 0.15 -0.43 -5.78 0.58 -0.36 -0.53 -0.95 0.00 -0.39 -1.93 -1.22 12.30 2.47 -11.31 -37.73 -0.45 0.22 -0.16 0.05
Net earnings (loss) 0.39% 14.38% 2.76% -83.23% 2.38% -4.14% -30.93% 5.76% 4.97% 2.29% 12.10% 7.28% 10.07% 0.42% 20.96% 9.97% -4.35% -57.46% 17.27% 13.55% 13.58% 12.38%
Net (earnings) loss attributable to noncontrolling interests 0.09 -0.22 -0.32 0.33 0.47 -0.13 0.12 0.48 0.05 0.30 0.03 0.28 0.30 0.48 -0.33 -0.15 -0.87 0.15 -0.60 0.11 0.00 0.20
Net earnings (loss) attributable to the Company 0.47% 14.16% 2.45% -82.90% 2.85% -4.27% -30.81% 6.24% 5.02% 2.59% 12.13% 7.56% 10.38% 0.90% 20.63% 9.82% -5.22% -57.31% 16.66% 13.66% 13.58% 12.57%
Preferred stock dividends -0.70 -0.15 -0.60 -0.14 -0.66 -0.14 -0.59 -0.12 -0.67 -0.13 -0.60 -0.12 -0.54 -1.14 -0.06 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net earnings (loss) attributable to GE common shareowners -0.23% 14.00% 1.85% -83.04% 2.19% -4.41% -31.40% 6.12% 4.35% 2.45% 11.53% 7.44% 9.83% -0.24% 20.57% 9.82% -5.22% -57.31% 16.66% 13.66% 13.58% 12.57%

Based on: 10-Q (filing date: 2019-07-31), 10-Q (filing date: 2019-04-30), 10-K (filing date: 2019-02-26), 10-Q (filing date: 2018-10-30), 10-Q (filing date: 2018-07-27), 10-Q (filing date: 2018-05-01), 10-K (filing date: 2018-02-23), 10-Q (filing date: 2017-10-30), 10-Q (filing date: 2017-07-28), 10-Q (filing date: 2017-05-05), 10-K (filing date: 2017-02-24), 10-Q (filing date: 2016-11-02), 10-Q (filing date: 2016-08-01), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-26), 10-Q (filing date: 2015-11-02), 10-Q (filing date: 2015-07-30), 10-Q (filing date: 2015-05-04), 10-K (filing date: 2015-02-27), 10-Q (filing date: 2014-11-04), 10-Q (filing date: 2014-07-31), 10-Q (filing date: 2014-05-12).

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 Q4 2018 to Q1 2019 but then slightly declined from Q1 2019 to Q2 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 increased from Q4 2018 to Q1 2019 but then declined significantly from Q1 2019 to Q2 2019.
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 increased from Q4 2018 to Q1 2019 but then declined significantly from Q1 2019 to Q2 2019.