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Audited Financial Statements Statement of Earnings

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

 
 
 
 
  2004
For the years ended December 31
(In millions; per-share amounts in dollars)		 General Electric Company and consolidated affiliates GE GECS
REVENUES                  
Sales of goods  
$ 55,005
   
$ 52,260
   
$ 2,840
 
Sales of services   29,700     29,954     —  
Other income (note 3)   1,064     1,076     —  
GECS earnings from continuing operations   —     8,169     —  
GECS revenues from services (note 4)   48,004     —     49,346  
GECS commercial paper interest rate swap adjustment   518     —     518  
Total revenues   134,291     91,459     52,704  
COSTS AND EXPENSES (note 5)                  
Cost of goods sold   42,645     39,999     2,741  
Cost of services sold   19,114     19,368     —  
Interest and other financial charges   11,616     979     11,081  
Investment contracts, insurance losses and insurance annuity benefits   3,086     —     3,303  
Provision for losses on financing receivables (note 14)   3,888     —     3,888  
Other costs and expenses   32,917     12,001     21,609  
Minority interest in net earnings of consolidated affiliates   728     538     190  
Total costs and expenses   113,994     72,885     42,812  
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES   20,297     18,574     9,892  
Provision for income taxes (note 8)   (3,696 )   (1,973 )   (1,723 )
EARNINGS FROM CONTINUING OPERATIONS   16,601     16,601     8,169  
Earnings (loss) from discontinued operations, net of taxes (note 2)   559     559     559  
NET EARNINGS  
$ 17,160
   
$ 17,160
   
$ 8,728
 
Per-share amounts (note 9)                  
Per-share amounts — earnings from continuing operations                  
Diluted earnings per share  
$ 1.59
             
Basic earnings per share   1.60              
Per-share amounts — net earnings                  
Diluted earnings per share   1.64              
Basic earnings per share   1.65              
DIVIDENDS DECLARED PER SHARE  
$ 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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