(1)
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
Second quarter ended June 30, 1994 share per share per share
- ---------------------------------- ---------- --------- ---------
Net earnings applicable to common stock $1,522 $1,522 $1,522
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - - -
--------- --------- ---------
Earnings for per-share calculations $1,522 $1,522 $1,522
--------- --------- ---------
Average number of shares outstanding 1,710,380 1,710,380 1,710,380
Average number of deferred incentive
compensation shares - 8,607 8,607
Average stock option shares - 8,917 8,917
Average number of restricted stock units - 1,084 1,084
--------- --------- ---------
Shares for earnings calculation 1,710,380 1,728,988 1,728,988
--------- --------- ---------
Earnings per share $0.89 $0.88 $0.88
- ------------------ ========= ========= =========
Second quarter ended June 30, 1993
- ----------------------------------
Net earnings applicable to common stock $1,334 $1,334 $1,334
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - 4 4
--------- --------- ---------
Earnings for per-share calculations $1,334 $1,338 $1,338
--------- --------- ---------
Average number of shares outstanding 1,707,932 1,707,932 1,707,932
Average number of deferred incentive
compensation shares - 8,778 8,778
Average stock option shares - 10,888 11,660
--------- --------- ---------
Shares for earnings calculation 1,707,932 1,727,598 1,728,370
--------- --------- ---------
Earnings per share $0.78 $0.77 $0.77
- ------------------ ========= ========= =========
<FN>
(a- Adjusted to reflect the two-for-one stock split effective on April 28, 1994.
(2)
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
Six months ended June 30, 1994 share per share per share
- ---------------------------------- ---------- --------- ---------
Net earnings applicable to common stock $ 2,590 $ 2,590 $ 2,590
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - 2 2
--------- --------- ---------
Earnings for per-share calculations $ 2,590 $ 2,592 $ 2,592
--------- --------- ---------
Average number of shares outstanding 1,709,355 1,709,355 1,709,355
Average number of deferred incentive
compensation shares - 8,557 8,557
Average stock option shares - 10,679 10,679
Average number of restricted stock units - 1,119 1,119
--------- --------- ---------
Shares for earnings calculation 1,709,355 1,729,710 1,729,710
--------- --------- ---------
Earnings per share $1.52 $1.50 $1.50
- ------------------ ========= ========= =========
Six months ended June 30, 1993
- ------------------------------
Net earnings applicable to common stock $ 1,632 $ 1,632 $ 1,632
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - 4 4
--------- --------- ---------
Earnings for per-share calculations $ 1,632 $ 1,636 $ 1,636
--------- --------- ---------
Average number of shares outstanding 1,708,908 1,708,908 1,708,908
Average number of deferred incentive
compensation shares - 8,578 8,578
Average stock option shares - 9,804 11,636
--------- --------- ---------
Shares for earnings calculation 1,708,908 1,727,290 1,729,122
--------- --------- ---------
Earnings per share $0.95 $0.95 $0.95
- ------------------ ========= ========= =========
<FN>
(a- Adjusted to reflect the two-for-one stock split effective on April 28, 1994.