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Statement of Earnings

General Electric Company
and consolidated affiliates
GE GECS
For the years ended December 31 (In millions; per-share amounts in dollars) 2007 2006 2005 2007 2006 2005 2007 2006 2005

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.

See accompanying notes.

REVENUES
Sales of goods $ 60,670 $ 55,181 $ 50,727 $ 60,374 $ 53,221 $ 48,268 $ 718 $ 2,384 $ 2,528
Sales of services 38,856 36,329 32,839 39,422 36,698 33,139
Other income (note 3) 3,019 2,154 1,673 3,371 2,307 1,754
GECS earnings from continuing operations 12,428 10,255 9,004
GECS revenues from services (note 4) 70,193 58,179 51,341 71,468 59,242 52,679
Total revenues 172,738 151,843 136,580 115,595 102,481 92,165 72,186 61,626 55,207
COSTS AND EXPENSES (note 5)
Cost of goods sold 47,309 43,279 39,169 47,103 41,501 36,869 628 2,204 2,369
Cost of services sold 25,816 23,494 20,615 26,382 23,863 20,915
Interest and other financial charges 23,787 18,896 14,811 1,993 1,668 1,319 22,731 17,857 14,045
Investment contracts, insurance losses and insurance annuity benefits 3,469 3,213 3,374 3,647 3,419 3,574
Provision for losses on financing receivables (note 13) 4,546 3,130 3,239 4,546 3,130 3,239
Other costs and expenses 40,297 35,639 33,278 14,148 12,893 12,316 26,661 23,125 21,628
Minority interest in net earnings of consolidated affiliates 916 862 916 707 624 714 209 238 202
Total costs and expenses 146,140 128,513 115,402 90,333 80,549 72,133 58,422 49,973 45,057
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 26,598 23,330 21,178 25,262 21,932 20,032 13,764 11,653 10,150
Provision for income taxes (note 7) (4,130) (3,950) (3,824) (2,794) (2,552) (2,678) (1,336) (1,398) (1,146)
EARNINGS FROM CONTINUING OPERATIONS 22,468 19,380 17,354 22,468 19,380 17,354 12,428 10,255 9,004
Earnings (loss) from discontinued operations, net of taxes (note 2) (260) 1,362 (634) (260) 1,362 (634) (2,127) 403 (1,427)
NET EARNINGS $ 22,208 $ 20,742 $ 16,720 $ 22,208 $ 20,742 $ 16,720 $ 10,301 $ 10,658 $ 7,577
Per-share amounts (note 8)
Per-share amounts — earnings
from continuing operations
Diluted earnings per share $ 2.20 $ 1.86 $ 1.64
Basic earnings per share 2.21 1.87 1.64
Per-share amounts — net earnings
Diluted earnings per share 2.17 2.00 1.57
Basic earnings per share 2.18 2.00 1.58
DIVIDENDS DECLARED PER SHARE $ 1.15 $ 1.03 $ 0.91