Exhibit 11
GENERAL ELECTRIC COMPANY
COMPUTATION OF PER SHARE EARNINGS -a)
(Shares in thousands, dollar amounts, except
earnings per share, in millions)
Fully
Earnings Primary diluted
per common earnings earnings
Three months ended March 31, 1994 share per share per share
- - --------------------------------- ---------- --------- ---------
Net earnings applicable to common stock $1,068 $1,068 $1,068
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - 2 2
--------- --------- ---------
Earnings for per-share calculations $1,068 $1,070 $1,070
--------- --------- ---------
Average number of shares outstanding 1,707,848 1,707,848 1,707,848
Average number of deferred incentive
compensation shares - 8,622 8,622
Average stock option shares - 11,756 11,756
Average number of restricted stock units - 1,094 1,094
--------- --------- ---------
Shares for earnings calculation 1,707,848 1,729,320 1,729,320
--------- --------- ---------
Earnings per share $0.62 $0.62 $0.62
- - ------------------ ========= ========= =========
Three months ended March 31, 1993
- - ----------------------------------
Net earnings applicable to common stock $ 298 $ 298 $ 298
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - - -
--------- --------- ---------
Earnings for per-share calculations $ 298 $ 298 $ 298
--------- --------- ---------
Average number of shares outstanding 1,709,214 1,709,214 1,709,214
Average number of deferred incentive
compensation shares - 8,722 8,722
Average stock option shares - 8,856 9,908
--------- --------- ---------
Shares for earnings calculation 1,709,214 1,726,792 1,727,844
--------- --------- ---------
Earnings per share $0.17 $0.17 $0.17
- - ------------------ ========= ========= =========
(a- Adjusted for the two-for-one stock split on April 28, 1994.