(1)
EXHIBIT 11
GENERAL ELECTRIC COMPANY
COMPUTATION OF PER SHARE EARNINGS
(Shares in thousands; dollar amounts, except
earnings per share, in millions)
Fully
Earnings Primary diluted
per common earnings earnings
Third quarter ended September 30, 1994 share per share per share
- -------------------------------------- ---------- --------- ---------
Net earnings applicable to common stock $1,368 $1,368 $1,368
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - 3 3
--------- --------- ---------
Earnings for per-share calculations $1,368 $1,371 $1,371
--------- --------- ---------
Average number of shares outstanding 1,711,014 1,711,014 1,711,014
Average number of deferred incentive
compensation shares - 8,473 8,473
Average stock option shares - 10,508 10,508
Average number of restricted stock units - 1,117 1,117
--------- --------- ---------
Shares for earnings calculation 1,711,014 1,731,112 1,731,112
--------- --------- ---------
Earnings per share $0.80 $0.79 $0.79
- ------------------ ========= ========= =========
Nine months ended September 30, 1994
- ------------------------------------
Net earnings applicable to common stock $3,958 $3,958 $3,958
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - 5 5
--------- --------- ---------
Earnings for per-share calculations $3,958 $3,963 $3,963
--------- --------- ---------
Average number of shares outstanding 1,709,431 1,709,431 1,709,431
Average number of deferred incentive
compensation shares - 8,547 8,547
Average stock option shares - 10,366 10,366
Average number of restricted stock units - 1,118 1,118
--------- --------- ---------
Shares for earnings calculation 1,709,431 1,729,462 1,729,462
--------- --------- ---------
Earnings per share $2.32 $2.29 $2.29
- ------------------ ========= ========= =========
(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
Third quarter ended September 30, 1993 share per share per share
- -------------------------------------- ---------- --------- ---------
Net earnings applicable to common stock $1,206 $1,206 $1,206
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - - -
--------- --------- ---------
Earnings for per-share calculations $1,206 $1,206 $1,206
--------- --------- ---------
Average number of shares outstanding 1,707,083 1,707,083 1,707,083
Average number of deferred incentive
compensation shares - 8,318 8,318
Average stock option shares - 11,766 11,776
--------- --------- ---------
Shares for earnings calculation 1,707,083 1,727,167 1,727,177
--------- --------- ---------
Earnings per share $0.71 $0.70 $0.70
- ------------------ ========= ========= =========
Nine months ended September 30, 1993
- ------------------------------------
Net earnings applicable to common stock $2,838 $2,838 $2,838
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - 4 4
--------- --------- ---------
Earnings for per-share calculations $2,838 $2,842 $2,842
--------- --------- ---------
Average number of shares outstanding 1,708,148 1,708,148 1,708,148
Average number of deferred incentive
compensation shares - 8,520 8,520
Average stock option shares - 10,350 11,457
--------- --------- ---------
Shares for earnings calculation 1,708,148 1,727,018 1,728,125
--------- --------- ---------
Earnings per share $1.66 $1.65 $1.64
- ------------------ ========= ========= =========
<FN>
(a- Adjusted to reflect the two-for-one stock split effective on April 28, 1994.