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
Three months ended March 31, 1996 per common earnings earnings
- --------------------------------- share per share per share
---------- ---------- ----------
Net earnings applicable to common stock $1,517 $1,517 $1,517
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - 2 2
-------- -------- --------
Earnings for per-share calculations $1,517 $1,519 $1,519
-------- -------- --------
Average number of shares outstanding 1,663,134 1,663,134 1,663,134
Average number of deferred incentive
compensation shares - 7,998 7,998
Average stock option shares - 20,142 20,787
Average number of restricted stock units - 1,744 1,783
---------- ---------- ----------
Shares for earnings calculation 1,663,134 1,693,018 1,693,702
---------- ---------- ----------
Earnings per share $0.91 $0.90 $0.90
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Fully
Earnings Primary diluted
Three months ended March 31, 1995 per common earnings earnings
- --------------------------------- share per share per share
---------- ---------- ----------
Net earnings applicable to common stock $1,372 $1,372 $1,372
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - 2 2
-------- -------- --------
Earnings for per-share calculations $1,372 $1,374 $1,374
-------- -------- --------
Average number of shares outstanding 1,699,922 1,699,922 1,699,922
Average number of deferred incentive
compensation shares - 8,688 8,688
Average stock option shares - 10,858 11,641
Average number of restricted stock units - 1,307 1,330
---------- ---------- ----------
Shares for earnings calculation 1,699,922 1,720,775 1,721,581
---------- ---------- ----------
Earnings per share $0.81 $0.80 $0.80
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