Invest and Deliver - GE 2006 Annual Report Letter to InvestorsInvest and DeliverGovernanceCitizenshipFinancials
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Notes to Consolidated Financial StatementsNote 9: Earnings Per Share Information
 
 
 
2006
(In millions; per-share amounts in dollars)   Diluted     Basic  
Consolidated            
Earnings from continuing operations for per-share calculation(a)  
$ 20,667
   
$ 20,666
 
Earnings (loss) from discontinued operations for per-share calculation(b)   163     163  
Net earnings available for per-share calculation  
$ 20,830
   
$ 20,829
 
AVERAGE EQUIVALENT SHARES            
Shares of GE common stock outstanding   10,359     10,359  
Employee compensation-related shares, including stock options   35     —  
Total average equivalent shares   10,394     10,359  
PER-SHARE AMOUNTS            
Earnings from continuing operations  
$ 1.99
   
$ 1.99
 
Earnings (loss) from discontinued operations   0.02     0.02  
Net earnings per share  
$ 2.00
   
$ 2.01
 
             
    2005
(In millions; per-share amounts in dollars)   Diluted     Basic  
Consolidated            
Earnings from continuing operations for per-share calculation(a)  
$ 18,662
   
$ 18,661
 
Earnings (loss) from discontinued operations for per-share calculation(b)   (1,961 )   (1,950 )
Net earnings available for per-share calculation  
$ 16,701
   
$ 16,711
 
AVERAGE EQUIVALENT SHARES            
Shares of GE common stock outstanding   10,570     10,570  
Employee compensation-related shares, including stock options   41     —  
Total average equivalent shares   10,611     10,570  
PER-SHARE AMOUNTS            
Earnings from continuing operations  
$ 1.76
   
$ 1.77
 
Earnings (loss) from discontinued operations   (0.18 )   (0.18 )
Net earnings per share  
$ 1.57
   
$ 1.58
 
             
    2004
(In millions; per-share amounts in dollars)   Diluted     Basic  
Consolidated            
Earnings from continuing operations for per-share calculation(a)  
$ 16,602
   
$ 16,601
 
Earnings (loss) from discontinued operations for per-share calculation(b)   556     559  
Net earnings available for per-share calculation  
$ 17,158
   
$ 17,160
 
AVERAGE EQUIVALENT SHARES            
Shares of GE common stock outstanding   10,400     10,400  
Employee compensation-related shares, including stock options   45     —  
Total average equivalent shares   10,445     10,400  
PER-SHARE AMOUNTS            
Earnings from continuing operations  
$ 1.59
   
$ 1.60
 
Earnings (loss) from discontinued operations   0.05     0.05  
Net earnings per share  
$ 1.64
   
$ 1.65
 
(a) Included dividend equivalents of approximately $1 million in each of the three years ended December 31, 2006.
(b) Included dilutive effects of subsidiary-issued stock-based awards of approximately $11 million in 2005 and $2 million in 2004.

Earnings-per-share amounts are computed independently for earnings from continuing operations, earnings (loss) from discontinued operations and net earnings. As a result, the sum of per-share amounts from continuing operations and discontinued operations may not equal the total per-share amounts for net earnings.

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