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Audited Financial Statements Statement of Earnings

Sort by: 2006 | 2005 | 2004 | General Electric Company and consolidated affiliates | GE | GECS

 
 
 
 
  General Electric Company
and consolidated affiliates
For the years ended December 31
(In millions; per-share amounts in dollars)		 2006 2005 2004
REVENUES                  
Sales of goods  
$ 64,297
   
$ 59,837
   
$ 55,005
 
Sales of services   36,403     32,752     29,700  
Other income (note 3)   2,537     1,683     1,064  
GECS earnings from continuing operations   —     —     —  
GECS revenues from services (note 4)   59,957     53,144     48,004  
GECS commercial paper interest rate swap adjustment   197     540     518  
Total revenues   163,391     147,956     134,291  
COSTS AND EXPENSES (note 5)                  
Cost of goods sold   50,588     46,169     42,645  
Cost of services sold   23,522     20,645     19,114  
Interest and other financial charges   19,286     15,102     11,616  
Investment contracts, insurance losses and insurance annuity benefits   3,214     3,374     3,086  
Provision for losses on financing receivables (note 14)   3,839     3,841     3,888  
Other costs and expenses   37,414     35,143     32,917  
Minority interest in net earnings of consolidated affiliates   908     986     728  
Total costs and expenses   138,771     125,260     113,994  
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES   24,620     22,696     20,297  
Provision for income taxes (note 8)   (3,954 )   (4,035 )   (3,696 )
EARNINGS FROM CONTINUING OPERATIONS   20,666     18,661     16,601  
Earnings (loss) from discontinued operations, net of taxes (note 2)   163     (1,950 )   559  
NET EARNINGS  
$ 20,829
   
$ 16,711
   
$ 17,160
 
Per-share amounts (note 9)                  
Per-share amounts — earnings from continuing operations                  
Diluted earnings per share  
$ 1.99
   
$ 1.76
   
$ 1.59
 
Basic earnings per share   1.99     1.77     1.60  
Per-share amounts — net earnings                  
Diluted earnings per share   2.00     1.57     1.64  
Basic earnings per share   2.01     1.58     1.65  
DIVIDENDS DECLARED PER SHARE  
$ 1.03
   
$ 0.91
   
$ 0.82
 
  The notes to consolidated financial statements are an integral part of these statements.
  In the consolidating data on this page, “GE” means the basis of consolidation as described in note 1 to the consolidated financial statements; “GECS” means General Electric Capital Services, Inc. and all of its affiliates and associated companies. Transactions between GE and GECS have been eliminated from the “General Electric Company and consolidated affiliates” columns.

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