Our Time - GE 2004 Annual Report
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Management's Discussion and Analysis Operations: Summary of Operating Segments

  General Electric Company and consolidated affiliates
For the years ended December 31 (In millions) 2004
(Restated)
  2003
(Restated)
  2002
(Restated)
  2001
(Restated)
    2000  
REVENUES                            
Advanced Materials $ 8,290   $ 7,078   $ 6,963   $ 7,069   $ 8,020
Commercial Finance   23,489     20,813     19,592     17,723     17,549
Consumer Finance   15,734     12,845     10,266     9,508     9,320
Consumer & Industrial   13,767     12,843     12,887     13,063     13,406
Energy   17,348     19,082     23,633     21,030     15,703
Equipment & Other Services   8,986     4,881     5,561     7,692     15,074
Healthcare   13,456     10,198     8,955     8,409     7,275
Infrastructure   3,447     3,078     1,901     392     486
Insurance   23,070     26,194     23,296     23,890     24,766
NBC Universal   12,886     6,871     7,149     5,769     6,797
Transportation   15,562     13,515     13,685     13,885     13,285
Corporate items and eliminations   (3,169 )   (2,757 )   (1,662 )   (2,057 )   (1,296 )
CONSOLIDATED REVENUES $ 152,866   $ 134,641   $ 132,226   $ 126,373   $ 130,385
SEGMENT PROFIT                            
Advanced Materials $ 710   $ 616   $ 1,000   $ 1,433   $ 1,864
Commercial Finance   4,465     3,910     3,310     2,879     2,528
Consumer Finance   2,520     2,161     1,799     1,602     1,295
Consumer & Industrial   716     577     567     894     1,270
Energy   2,845     4,109     6,294     4,897     2,598
Equipment & Other Services   833     (185 )   (339 )   (272 )   (212 )
Healthcare   2,286     1,701     1,546     1,498     1,321
Infrastructure   563     462     297     26     45
Insurance   569     2,102     (95 )   1,879     2,201
NBC Universal   2,558     1,998     1,658     1,408     1,609
Transportation   3,213     2,661     2,510     2,577     2,511
Total segment profit   21,278     20,112     18,547     18,821     17,030
GECS goodwill amortization               (552 )   (620 )
GE corporate items and eliminations   (1,507 )   (491 )   1,041     819     935
GE interest and other financial charges   (979 )   (941 )   (569 )   (817 )   (811 )
GE provision for income taxes   (1,973 )   (2,857 )   (3,837 )   (4,193 )   (3,799 )
Earnings before accounting changes   16,819     15,823     15,182     14,078     12,735
Cumulative effect of accounting changes       (587 )   (1,015 )   (287 )  
CONSOLIDATED NET EARNINGS $ 16,819   $ 15,236   $ 14,167   $ 13,791   $ 12,735
The notes to consolidated financial statements on pages 64-125 are an integral part of this summary.

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