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Microsoft Excel LibreOffice Calc

General Electric Co. (NYSE:GE)


Income Statement

Beginner level

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.

General Electric Co., consolidated income statement

US$ in millions

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
Sales of services
Sales of goods and services
Cost of goods sold
Cost of services sold
Cost of goods and services sold
Gross profit from sales
GE Capital revenues from services
Selling, general and administrative expenses
Operating earnings
Interest and other financial charges
Insurance losses and annuity benefits
Goodwill impairments
Non-operating benefit costs
Other costs and expenses
Other income
Earnings (loss) from continuing operations before income taxes
(Provision) benefit for income taxes
Earnings (loss) from continuing operations
Loss from discontinued operations, net of taxes
Net earnings (loss)
Net (earnings) loss attributable to noncontrolling interests
Net earnings (loss) attributable to the Company
Preferred stock dividends
Net earnings (loss) attributable to GE common shareholders

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
Sales of goods and services Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. General Electric Co.’s sales of goods and services increased from 2017 to 2018 but then decreased significantly from 2018 to 2019.
Operating earnings The net result for the period of deducting operating expenses from operating revenues. General Electric Co.’s operating earnings 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 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 decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.