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Audited Financial Statements Statement of Earnings

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

 
 
 
 
  2006
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  
$ 64,297
   
$ 62,336
   
$ 2,384
 
Sales of services   36,403     36,772     —  
Other income (note 3)   2,537     2,690     —  
GECS earnings from continuing operations   —     10,495     —  
GECS revenues from services (note 4)   59,957     —     61,021  
GECS commercial paper interest rate swap adjustment   197     —     197  
Total revenues   163,391     112,293     63,602  
COSTS AND EXPENSES (note 5)                  
Cost of goods sold   50,588     48,808     2,204  
Cost of services sold   23,522     23,891     —  
Interest and other financial charges   19,286     1,834     18,081  
Investment contracts, insurance losses and insurance annuity benefits   3,214     —     3,419  
Provision for losses on financing receivables (note 14)   3,839     —     3,839  
Other costs and expenses   37,414     13,841     23,955  
Minority interest in net earnings of consolidated affiliates   908     673     235  
Total costs and expenses   138,771     89,047     51,733  
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES   24,620     23,246     11,869  
Provision for income taxes (note 8)   (3,954 )   (2,580 )   (1,374 )
EARNINGS FROM CONTINUING OPERATIONS   20,666     20,666     10,495  
Earnings (loss) from discontinued operations, net of taxes (note 2)   163     163     163  
NET EARNINGS  
$ 20,829
   
$ 20,829
   
$ 10,658
 
Per-share amounts (note 9)                  
Per-share amounts — earnings from continuing operations                  
Diluted earnings per share  
$ 1.99
             
Basic earnings per share   1.99              
Per-share amounts — net earnings                  
Diluted earnings per share   2.00              
Basic earnings per share   2.01              
DIVIDENDS DECLARED PER SHARE  
$ 1.03
             
  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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