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
Second quarter ended June 30, 1996 per common earnings earnings
- ---------------------------------- share per share per share
---------- ---------- ----------
Net earnings applicable to common stock $1,908 $1,908 $1,908
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - - -
-------- -------- --------
Earnings for per-share calculations $1,908 $1,908 $1,908
-------- -------- --------
Average number of shares outstanding 1,655,505 1,655,505 1,655,505
Average number of deferred incentive
compensation shares - 7,864 7,864
Average stock option shares - 21,444 23,037
Average number of restricted stock units - 1,996 2,090
---------- ---------- ----------
Shares for earnings calculation 1,655,505 1,686,809 1,688,496
---------- ---------- ----------
Earnings per share $1.15 $1.13 $1.13
- ------------------ ======== ======== ========
Fully
Earnings Primary diluted
Second quarter ended June 30, 1995 per common earnings earnings
- ---------------------------------- share per share per share
---------- ---------- ----------
Net earnings applicable to common stock $1,726 $1,726 $1,726
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - - -
-------- -------- --------
Earnings for per-share calculations $1,726 $1,726 $1,726
-------- -------- --------
Average number of shares outstanding 1,688,153 1,688,153 1,688,153
Average number of deferred incentive
compensation shares - 8,314 8,314
Average stock option shares - 13,113 13,113
Average number of restricted stock units - 1,322 1,322
---------- ---------- ----------
Shares for earnings calculation 1,688,153 1,710,902 1,710,902
---------- ---------- ----------
Earnings per share $1.02 $1.01 $1.01
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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
Six months ended June 30, 1996 per common earnings earnings
- ------------------------------ share per share per share
---------- ---------- ----------
Net earnings applicable to common stock $3,425 $3,425 $3,425
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - 2 2
-------- -------- --------
Earnings for per-share calculations $3,425 $3,427 $3,427
-------- -------- --------
Average number of shares outstanding 1,659,174 1,659,174 1,659,174
Average number of deferred incentive
compensation shares - 7,861 7,861
Average stock option shares - 20,663 23,151
Average number of restricted stock units - 1,872 2,019
---------- ---------- ----------
Shares for earnings calculation 1,659,174 1,689,570 1,692,205
---------- ---------- ----------
Earnings per share $2.06 $2.03 $2.03
- ------------------ ======== ======== ========
Fully
Earnings Primary diluted
Six months ended June 30, 1995 per common earnings earnings
- ------------------------------ share per share per share
---------- ---------- ----------
Net earnings applicable to common stock $3,098 $3,098 $3,098
Dividend equivalents (net of tax) applicable
to deferred incentive compensation shares - 2 2
-------- -------- --------
Earnings for per-share calculations $3,098 $3,100 $3,100
-------- -------- --------
Average number of shares outstanding 1,694,091 1,694,091 1,694,091
Average number of deferred incentive
compensation shares - 8,404 8,404
Average stock option shares - 11,810 12,834
Average number of restricted stock units - 1,321 1,346
---------- ---------- ----------
Shares for earnings calculation 1,694,091 1,715,626 1,716,675
---------- ---------- ----------
Earnings per share $1.83 $1.81 $1.81
- ------------------ ======== ======== ========