Invest and Deliver - GE 2006 Annual Report Letter to InvestorsInvest and DeliverGovernanceCitizenshipFinancials
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Notes to Consolidated Financial StatementsNote 30: Quarterly Information (Unaudited)

  First quarter   Second quarter  
(In millions;
per-share amounts in dollars)
2006 2005 2006 2005
Consolidated operations                        
Earnings from continuing operations  
$ 4,177
   
$ 3,785
   
$ 4,948
   
$ 4,237
 
Earnings (loss) from discontinued operations   263     405     (2)     271  
Net earnings  
$ 4,440
   
$ 4,190
   
$ 4,946
   
$ 4,508
 
Per-share amounts — earnings from continuing operations                        
Diluted earnings per share  
$ 0.40
   
$ 0.36
   
$ 0.48
   
$ 0.40
 
Basic earnings per share   0.40     0.36     0.48     0.40  
Per-share amounts — earnings (loss) from discontinued operations                        
Diluted earnings per share   0.03     0.04         0.03  
Basic earnings per share   0.03     0.04         0.03  
Per-share amounts — net earnings                        
Diluted earnings per share   0.42     0.39     0.48     0.42  
Basic earnings per share   0.43     0.40     0.48     0.43  
SELECTED DATA                        
GE                        
Sales of goods and services  
$ 23,086
   
$ 20,833
   
$ 24,448
   
$ 22,408
 
Gross profit from sales   5,781     5,824     6,701     6,358  
GECS                        
Total revenues   14,889     13,963     15,455     13,722  
Earnings from continuing operations   2,405     2,088     2,594     1,889  

  Third quarter   Fourth quarter  
(In millions;
per-share amounts in dollars)
2006 2005 2006 2005
Consolidated operations                        
Earnings from continuing operations  
$ 4,962
   
$ 4,765
   
$ 6,579
   
$ 5,874
 
Earnings (loss) from discontinued operations   (95)     85     (3)     (2,711)  
Net earnings  
$ 4,867
   
$ 4,850
   
$ 6,576
   
$ 3,163
 
Per-share amounts — earnings from continuing operations                        
Diluted earnings per share  
$ 0.48
   
$ 0.45
   
$ 0.64
   
$ 0.56
 
Basic earnings per share   0.48     0.45     0.64     0.56  
Per-share amounts — earnings (loss) from discontinued operations                        
Diluted earnings per share   (0.01)     0.01         (0.26)  
Basic earnings per share   (0.01)     0.01         (0.26)  
Per-share amounts — net earnings                        
Diluted earnings per share   0.47     0.46     0.64     0.30  
Basic earnings per share   0.47     0.46     0.64     0.30  
SELECTED DATA                        
GE                        
Sales of goods and services  
$ 24,478
   
$ 21,567
   
$ 27,096
   
$ 25,622
 
Gross profit from sales   6,283     5,978     7,644     7,455  
GECS                        
Total revenues   16,112     15,137     17,146     14,729  
Earnings from continuing operations   2,607     2,773     2,889     2,777  

For GE, gross profit from sales is sales of goods and services less costs of goods and services sold.

Earnings-per-share amounts are computed independently each quarter for earnings from continuing operations, earnings (loss) from discontinued operations and net earnings. As a result, the sum of each quarter’s per-share amount may not equal the total per-share amount for the respective year; and the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per-share amounts for net earnings for the respective quarters.

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