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Audited Financial Statements Statement of Earnings

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

 
 
 
 
  GECS
For the years ended December 31
(In millions; per-share amounts in dollars)		 2006 2005 2004
REVENUES                  
Sales of goods  
$ 2,384
   
$ 2,528
   
$ 2,840
 
Sales of services   —     —     —  
Other income (note 3)   —     —     —  
GECS earnings from continuing operations   —     —     —  
GECS revenues from services (note 4)   61,021     54,483     49,346  
GECS commercial paper interest rate swap adjustment   197     540     518  
Total revenues   63,602     57,551     52,704  
COSTS AND EXPENSES (note 5)                  
Cost of goods sold   2,204     2,369     2,741  
Cost of services sold   —     —     —  
Interest and other financial charges   18,081     14,223     11,081  
Investment contracts, insurance losses and insurance annuity benefits   3,419     3,574     3,303  
Provision for losses on financing receivables (note 14)   3,839     3,841     3,888  
Other costs and expenses   23,955     22,530     21,609  
Minority interest in net earnings of consolidated affiliates   235     202     190  
Total costs and expenses   51,733     46,739     42,812  
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES   11,869     10,812     9,892  
Provision for income taxes (note 8)   (1,374 )   (1,285 )   (1,723 )
EARNINGS FROM CONTINUING OPERATIONS   10,495     9,527     8,169  
Earnings (loss) from discontinued operations, net of taxes (note 2)   163     (1,950 )   559  
NET EARNINGS  
$ 10,658
   
$ 7,577
   
$ 8,728
 
  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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