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Audited Financial Statements Statement of Earnings

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

 
 
 
 
  GE
For the years ended December 31
(In millions; per-share amounts in dollars)		 2006 2005 2004
REVENUES                  
Sales of goods  
$ 62,336
   
$ 57,378
   
$ 52,260
 
Sales of services   36,772     33,052     29,954  
Other income (note 3)   2,690     1,764     1,076  
GECS earnings from continuing operations   10,495     9,527     8,169  
GECS revenues from services (note 4)   —     —     —  
GECS commercial paper interest rate swap adjustment   —     —     —  
Total revenues   112,293     101,721     91,459  
COSTS AND EXPENSES (note 5)                  
Cost of goods sold   48,808     43,870     39,999  
Cost of services sold   23,891     20,945     19,368  
Interest and other financial charges   1,834     1,432     979  
Investment contracts, insurance losses and insurance annuity benefits   —     —     —  
Provision for losses on financing receivables (note 14)   —     —     —  
Other costs and expenses   13,841     13,279     12,001  
Minority interest in net earnings of consolidated affiliates   673     784     538  
Total costs and expenses   89,047     80,310     72,885  
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES   23,246     21,411     18,574  
Provision for income taxes (note 8)   (2,580 )   (2,750 )   (1,973 )
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
 
  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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