Edition:
United States

Income Statements: General Electric Co (GE)

GE on New York Consolidated

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26 Sep 2017
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Interim Income Statement
View: AnnualInterim

In Millions ofU.S. Dollars
(except for per share items)
2017
2017-06-30
Period Length
3 Months
Revenue 29,559.0
Other Revenue, Total --
Total Revenue 29,559.0
Cost of Revenue, Total 22,564.0
Gross Profit 6,995.0
Selling/General/Admin. Expenses, Total 4,287.0
Research & Development --
Depreciation/Amortization --
Interest Expense, Net - Operating --
Interest/Investment Income - Operating --
Interest Expense(Income) - Net Operating --
Unusual Expense (Income) --
Other Operating Expenses, Total 791.0
Total Operating Expense 27,642.0
Operating Income 1,917.0
Interest Expense, Net Non-Operating (403.0)
Interest/Invest Income - Non-Operating --
Interest Income(Exp), Net Non-Operating --
Gain (Loss) on Sale of Assets --
Other, Net 1.0
Net Income Before Taxes 1,515.0
Provision for Income Taxes 15.0
Net Income After Taxes 1,500.0
Minority Interest 14.0
Equity In Affiliates --
U.S. GAAP Adjustment --
Net Income Before Extra. Items 1,514.0
Accounting Change --
Discontinued Operations 4.0
Extraordinary Item --
Tax on Extraordinary Items (150.0)
Net Income 1,368.0
Preferred Dividends (182.0)
General Partners' Distributions --
Miscellaneous Earnings Adjustment (1.0)
Pro Forma Adjustment --
Interest Adjustment - Primary EPS --
Income Available to Com Excl ExtraOrd 1,331.0
Income Available to Com Incl ExtraOrd 1,185.0
Basic Weighted Average Shares 8,671.00
Basic EPS Excluding Extraordinary Items 0.154
Basic EPS Including Extraordinary Items 0.137
Dilution Adjustment --
Diluted Weighted Average Shares 8,760.00
Diluted EPS Excluding ExtraOrd Items 0.152
Diluted EPS Including ExtraOrd Items 0.135
DPS - Common Stock Primary Issue 0.240
Gross Dividends - Common Stock --
Total Special Items 709.0
Normalized Income Before Taxes 2,224.0
Effect of Special Items on Income Taxes 7.0
Inc Tax Ex Impact of Sp Items 22.0
Normalized Income After Taxes 2,202.0
Normalized Inc. Avail to Com. 2,033.0
Basic Normalized EPS 0.234
Diluted Normalized EPS 0.232
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ABB buys GE business for $2.6 billion in bet it can boost margins

ZURICH Power grids maker ABB is buying General Electric's Industrial Solutions business for $2.6 billion in a bet it can improve the division's lackluster margins over the next five years, the Swiss engineering company said on Monday.