GENERAL ELECTRIC CAPITAL CORPORATION AND CONSOLIDATED AFFILIATES
CONDENSED STATEMENT OF EARNINGS
(unaudited)
                               
   
Three months ended December 31
 
Twelve months ended December 31
(Dollars in millions)
   
2014
   
2013
 
V%
   
2014
   
2013
 
V%
                                 
Revenues
                               
Revenues from services
 
$
 11,480
 
$
 11,041
     
$
 42,604
 
$
 43,941
   
Sales of goods
   
 32
   
 36
       
 121
   
 126
   
   Total revenues
   
 11,512
   
 11,077
 
4%
   
 42,725
   
 44,067
 
(3)%
                                 
Costs and expenses
                               
Costs of sales, operating and administrative expense
   
 5,458
   
 5,178
       
 20,016
   
 19,884
   
Interest
   
 2,072
   
 2,273
       
 8,397
   
 9,267
   
Investment contracts, insurance losses and insurance
                               
  annuity benefits
   
 637
   
 648
       
 2,678
   
 2,779
   
Provision for losses on financing receivables
   
 1,098
   
 1,562
       
 3,993
   
 4,818
   
   Total costs and expenses
   
 9,265
   
 9,661
 
(4)%
   
 35,084
   
 36,748
 
(5)%
                                 
Earnings from continuing operations before
                               
   income taxes
   
 2,247
   
 1,416
 
59%
   
 7,641
   
 7,319
 
4%
Benefit (provision) for income taxes
   
 (109)
   
 1,092
       
 (138)
   
 992
   
                                 
Earnings from continuing operations
   
 2,138
   
 2,508
 
(15)%
   
 7,503
   
 8,311
 
(10)%
Earnings (loss) from discontinued operations, net of taxes
   
 (140)
   
 (1,720)
       
 (107)
   
 (2,054)
   
                                 
Net earnings
   
 1,998
   
 788
 
F
   
 7,396
   
 6,257
 
18%
Less net earnings (loss) attributable to
                               
   noncontrolling interests
   
 86
   
 15
       
 162
   
 53
   
Net earnings attributable to GECC
   
 1,912
   
 773
 
F
   
 7,234
   
 6,204
 
17%
Preferred stock dividends declared
   
 (161)
   
 (163)
       
 (322)
   
 (298)
   
Net earnings attributable to
                               
   GECC common shareowner
 
$
 1,751
 
$
 610
 
F
 
$
 6,912
 
$
 5,906
 
17%
                                 
Amounts attributable to GECC common shareowner:
                               
Earnings from continuing operations
 
$
 2,138
 
$
 2,508
 
(15)%
 
$
 7,503
 
$
 8,311
 
(10)%
Less net earnings (loss) attributable to
                               
   noncontrolling interests
   
 86
   
 15
       
 162
   
 53
   
Earnings from continuing operations attributable to GECC
   
 2,052
   
 2,493
 
(18)%
   
 7,341
   
 8,258
 
(11)%
Preferred stock dividends declared
   
 (161)
   
 (163)
       
 (322)
   
 (298)
   
Earnings from continuing operations attributable to GECC
                               
  common shareowner
   
 1,891
   
 2,330
 
(19)%
   
 7,019
   
 7,960
 
(12)%
Earnings (loss) from discontinued operations, net of taxes
   
 (140)
   
 (1,720)
       
 (107)
   
 (2,054)
   
Net earnings attributable to GECC
                               
   common shareowner
 
$
 1,751
 
$
 610
 
F
 
$
 6,912
 
$
 5,906
 
17%
                                   
 

The following information was filed by General Electric Capital Corp (GEB) on Friday, January 23, 2015 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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