General Electric Company Reports Unaudited Consolidated and Company Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2015.; Reaffirms Earnings Guidance for the Year 2016
For the quarter, the company reported total revenues and other income of USD 30,292 compared to USD 31,412 a year ago. Earnings from continuing operations before income taxes were USD 2,892 compared to USD 4,181 a year ago. Earnings from continuing operations were USD 2,688 compared to USD 3,690 a year ago. Net earnings attributable to the company were USD 6,301 compared to USD 5,152 a year ago. Diluted earnings per share from continuing operations was USD 0.26 compared to USD 0.35 a year ago. Diluted earnings per share was USD 0.64 compared to USD 0.51 a year ago. Net earnings attributable to the company's common shareowners were USD 6,283 million against USD 5,152 million a year ago. Earnings from continuing operations attributable to the company's common shareowners were USD 2,567 million against USD 3,589 million a year ago.
For the year, the consolidated company reported total revenues and other income of USD 117,386 compared to USD 117,184 a year ago. Earnings from continuing operations before income taxes were USD 8,186 compared to USD 10,263 a year ago. Earnings from continuing operations were USD 1,700 compared to USD 9,490 a year ago. Net loss was USD 5,795 compared to net earnings of USD 15,345 a year ago. Net loss attributable to the company was USD 6,126 compared to net earnings attributable to the company of USD 15,233 a year ago. Earnings from continuing operations attributable to the company were USD 1,681 compared to USD 9,535 a year ago. Diluted earnings per share from continuing operations was USD 0.17 compared to USD 0.94 a year ago. Diluted loss per share was USD 0.61 compared to diluted earnings per share of USD 1.50 a year ago. Net loss attributable to the company's common shareowners was USD 6,145 million against net earnings attributable to the company's common shareowners of USD 15,233 million a year ago. Earnings from continuing operations attributable to the company's common share owners was USD 1,663 million against USD 9,535 million a year ago. Operating earnings (non-GAAP measure) was USD 3,460 million or USD 0.35 per share against USD 10,913 million or USD 1.08 per share a year ago.
For the year, the company reported total revenues and other income of USD 100,700 compared to USD 109,546 a year ago. Earnings from continuing operations before income taxes were USD 3,252 compared to USD 11,119 a year ago. Earnings from continuing operations were USD 1,746 compared to USD 9,485 a year ago. Earnings from continuing operations attributable to the company were USD 1,681 compared to USD 9,535 a year ago. Net loss attributable to the company's common shareowners was USD 6,145 million against net earnings attributable to the company's common shareowners of USD 15,233 million a year ago. Earnings from continuing operations attributable to the company's common share owners was USD 1,663 million against USD 9,535 million a year ago.
The company also reaffirmed its goal for 2016 operating earnings of USD 1.45 to USD 1.55 per share.