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Audited Financial Statements Statement of Earnings

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

 
 
 
 
  2005
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  
$ 59,837
   
$ 57,378
   
$ 2,528
 
Sales of services   32,752     33,052     —  
Other income (note 3)   1,683     1,764     —  
GECS earnings from continuing operations   —     9,527     —  
GECS revenues from services (note 4)   53,144     —     54,483  
GECS commercial paper interest rate swap adjustment   540     —     540  
Total revenues   147,956     101,721     57,551  
COSTS AND EXPENSES (note 5)                  
Cost of goods sold   46,169     43,870     2,369  
Cost of services sold   20,645     20,945     —  
Interest and other financial charges   15,102     1,432     14,223  
Investment contracts, insurance losses and insurance annuity benefits   3,374     —     3,574  
Provision for losses on financing receivables (note 14)   3,841     —     3,841  
Other costs and expenses   35,143     13,279     22,530  
Minority interest in net earnings of consolidated affiliates   986     784     202  
Total costs and expenses   125,260     80,310     46,739  
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES   22,696     21,411     10,812  
Provision for income taxes (note 8)   (4,035 )   (2,750 )   (1,285 )
EARNINGS FROM CONTINUING OPERATIONS   18,661     18,661     9,527  
Earnings (loss) from discontinued operations, net of taxes (note 2)   (1,950 )   (1,950 )   (1,950 )
NET EARNINGS  
$ 16,711
   
$ 16,711
   
$ 7,577
 
Per-share amounts (note 9)  
Per-share amounts — earnings from continuing operations                  
Diluted earnings per share  
$ 1.76
   
Basic earnings per share   1.77            
Per-share amounts — net earnings                  
Diluted earnings per share   1.57            
Basic earnings per share   1.58            
DIVIDENDS DECLARED PER SHARE  
$ 0.91
           
  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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