GENERAL ELECTRIC CO | 2013 | FY | 3


NOTE 20. EARNINGS PER SHARE INFORMATION

 

 2013 2012 2011
(In millions; per-share amounts in dollars) Diluted  Basic  Diluted  Basic  Diluted  Basic
                  
Amounts attributable to the Company:                 
Consolidated                 
Earnings from continuing operations for per-share                 
   calculation(a)(b)$15,145 $15,157 $14,604 $14,603 $14,102 $14,101
Preferred stock dividends declared(c)  -   -   -   -  (1,031)  (1,031)
Earnings from continuing operations attributable to                 
   common shareowners for per-share calculation(a)(b) 15,145  15,157  14,604  14,603  13,070  13,070
Earnings (loss) from discontinued operations for                  
   per-share calculation(a)(b) (2,128)  (2,116)  (980)  (980)  30  30
Net earnings attributable to GE common shareowners                  
   for per-share calculation(a)(b)$13,028 $13,040 $13,622 $13,622 $13,099 $13,098
                  
                  
Average equivalent shares                 
Shares of GE common stock outstanding 10,222  10,222  10,523  10,523  10,591  10,591
Employee compensation-related shares (including                 
   stock options) and warrants 67   -  41   -  29   -
Total average equivalent shares 10,289  10,222  10,564  10,523  10,620  10,591
                  
Per-share amounts                 
Earnings from continuing operations $1.47 $1.48 $1.38 $1.39 $1.23 $1.23
Earnings (loss) from discontinued operations (0.21)  (0.21)  (0.09)  (0.09)   -   -
Net earnings 1.27  1.28  1.29  1.29  1.23  1.24
                  
                  

Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and, therefore, are included in the computation of earnings per share pursuant to the two-class method. Application of this treatment has an insignificant effect.

(a)       Included an insignificant amount of dividend equivalents in each of the three years presented.

(b)        Included in 2013 is a dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock.

(c)       Included $806 million related to the redemption of our 10% cumulative preferred stock in 2011. See Note 15.

 

For the years ended December 31, 2013, 2012 and 2011, there were approximately 121 million, 292 million and 321 million, respectively, of outstanding stock awards that were not included in the computation of diluted earnings per share because their effect was antidilutive.

 

Earnings-per-share amounts are computed independently for earnings from continuing operations, earnings (loss) from discontinued operations and net earnings. As a result, the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per-share amounts for net earnings.


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