GE 2005 Annual Report Download - page 26

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(In millions; per-share amounts in dollars) 2005 2004 2003 2002 2001
GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES – AS REPORTED
Revenues $149,702 $ 134,481 $ 112,886 $ 113,856 $ 107,558
Earnings from continuing operations before accounting changes 18,275 16,285 13,766 15,798 12,948
Earnings (loss) from discontinued operations, net of taxes (1,922) 534 2,057 (616) 1,130
Earnings before accounting changes 16,353 16,819 15,823 15,182 14,078
Cumulative effect of accounting changes – – (587) (1,015) (287 )
Net earnings 16,353 16,819 15,236 14,167 13,791
Dividends declared 9,647 8,594 7,759 7,266 6,555
Return on average shareowners’ equity(a) 17.6% 17.6% 19.6% 27.2% 24.7%
Per share
Earnings from continuing operations before accounting changes – diluted $1.72 $ 1.56 $ 1.37 $ 1.58 $ 1.29
Earnings (loss) from discontinued operations – diluted (0.18) 0.05 0.20 (0.06) 0.11
Earnings before accounting changes – diluted 1.54 1.61 1.57 1.51 1.40
Cumulative effect of accounting changes – diluted – – (0.06) (0.10) (0.03)
Net earnings – diluted 1.54 1.61 1.51 1.41 1.37
Earnings from continuing operations before accounting changes – basic 1.73 1.57 1.37 1.59 1.30
Earnings (loss) from discontinued operations – basic (0.18) 0.05 0.21 (0.06) 0.11
Earnings before accounting changes – basic 1.55 1.62 1.58 1.52 1.42
Cumulative effect of accounting changes – basic – – (0.06) (0.10) (0.03)
Net earnings – basic 1.55 1.62 1.52 1.42 1.39
Dividends declared 0.91 0.82 0.77 0.73 0.66
Stock price range 37.34- 37.75- 32.42- 41.84- 52.90-
32.67 28.88 21.30 21.40 28.25
Year-end closing stock price 35.05 36.50 30.98 24.35 40.08
Total assets of continuing operations 626,586 618,241 503,610 441,768 373,550
Total assets 673,342 750,507 647,828 575,236 495,012
Long-term borrowings 212,281 207,871 170,309 138,570 77,818
Shares outstanding – average (in thousands) 10,569,805 10,399,629 10,018,587 9,947,113 9,932,245
Shareowner accounts – average 634,000 658,000 670,000 655,000 625,000
Employees at year end
United States 161,000 165,000 155,000 161,000 158,000
Other countries 155,000 142,000 150,000 154,000 152,000
Total employees 316,000(b) 307,000 305,000 315,000 310,000
GE DATA – AS REPORTED
Short-term borrowings $1,127 $ 3,409 $ 2,555 $ 8,786 $ 1,722
Long-term borrowings 9,081 7,625 8,388 970 787
Minority interest 5,806 7,701 1,079 1,028 948
Shareowners’ equity 109,354 110,821 79,631 64,079 55,000
Total capital invested $125,368 $ 129,556 $ 91,653 $ 74,863 $ 58,457
Return on average total capital invested(c) 16.4 % 16.0% 17.7% 25.8% 24.9%
Borrowings as a percentage of total capital invested(d) 8.1% 9.0% 11.9% 13.0% 4.3%
Working capital(e) $8,399 $ 8,328 $ 5,282 $ 3,821 $ (2,398)
Additions to property, plant and equipment 2,812 2,427 2,158 2,386 2,876
GECS DATA – AS REPORTED
Revenues $59,297 $ 52,894 $ 42,978 $ 40,345 $ 39,998
Earnings from continuing operations before accounting changes 9,141 7,853 5,931 5,291 4,406
Earnings (loss) from discontinued operations, net of taxes (1,922) 534 2,057 (616) 1,130
Earnings before accounting changes 7,219 8,387 7,988 4,675 5,536
Cumulative effect of accounting changes – – (339) (1,015) (12)
Net earnings 7,219 8,387 7,649 3,660 5,524
Shareowner’ s equity 50,815 54,292 45,759 37,302 28,766
Minority interest 2,248 4,902 5,115 4,445 4,267
Total borrowings 362,069 355,501 316,593 267,014 236,449
Ratio of debt to equity at GE Capital 7.09:1 6.46:1 6.63:1 6.46:1 7.21:1
Total assets of continuing operations $493,849 $ 486,238 $ 410,653 $ 356,352 $ 304,011
Total assets 540,605 618,504 554,871 489,820 425,473