NOTE 20. EARNINGS PER SHARE INFORMATION
| 2013 | 2012 | 2011 | |||||||||||||||
| (In millions; per-share amounts in dollars) | Diluted | Basic | Diluted | Basic | Diluted | Basic | |||||||||||
| Amounts attributable to the Company: | |||||||||||||||||
| Consolidated | |||||||||||||||||
| Earnings from continuing operations for per-share | |||||||||||||||||
| calculation(a)(b) | $ | 15,145 | $ | 15,157 | $ | 14,604 | $ | 14,603 | $ | 14,102 | $ | 14,101 | |||||
| Preferred stock dividends declared(c) | - | - | - | - | (1,031) | (1,031) | |||||||||||
| Earnings from continuing operations attributable to | |||||||||||||||||
| common shareowners for per-share calculation(a)(b) | 15,145 | 15,157 | 14,604 | 14,603 | 13,070 | 13,070 | |||||||||||
| Earnings (loss) from discontinued operations for | |||||||||||||||||
| per-share calculation(a)(b) | (2,128) | (2,116) | (980) | (980) | 30 | 30 | |||||||||||
| Net earnings attributable to GE common shareowners | |||||||||||||||||
| for per-share calculation(a)(b) | $ | 13,028 | $ | 13,040 | $ | 13,622 | $ | 13,622 | $ | 13,099 | $ | 13,098 | |||||
| Average equivalent shares | |||||||||||||||||
| Shares of GE common stock outstanding | 10,222 | 10,222 | 10,523 | 10,523 | 10,591 | 10,591 | |||||||||||
| Employee compensation-related shares (including | |||||||||||||||||
| stock options) and warrants | 67 | - | 41 | - | 29 | - | |||||||||||
| Total average equivalent shares | 10,289 | 10,222 | 10,564 | 10,523 | 10,620 | 10,591 | |||||||||||
| Per-share amounts | |||||||||||||||||
| Earnings from continuing operations | $ | 1.47 | $ | 1.48 | $ | 1.38 | $ | 1.39 | $ | 1.23 | $ | 1.23 | |||||
| Earnings (loss) from discontinued operations | (0.21) | (0.21) | (0.09) | (0.09) | - | - | |||||||||||
| Net earnings | 1.27 | 1.28 | 1.29 | 1.29 | 1.23 | 1.24 | |||||||||||
Our unvested restricted stock unit awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and, therefore, are included in the computation of earnings per share pursuant to the two-class method. Application of this treatment has an insignificant effect.
(a) Included an insignificant amount of dividend equivalents in each of the three years presented.
(b) Included in 2013 is a dilutive adjustment for the change in income for forward purchase contracts that may be settled in stock.
(c) Included $806 million related to the redemption of our 10% cumulative preferred stock in 2011. See Note 15.
For the years ended December 31, 2013, 2012 and 2011, there were approximately 121 million, 292 million and 321 million, respectively, of outstanding stock awards that were not included in the computation of diluted earnings per share because their effect was antidilutive.
Earnings-per-share amounts are computed independently for earnings from continuing operations, earnings (loss) from discontinued operations and net earnings. As a result, the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per-share amounts for net earnings.