GE 2005 Annual Report Download - page 75

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(75)
Effects of the restatement by line item follow:
For the years ended December 31(In millions;
p
er share amounts in dollars) 2005 2004 2003
As
previously
reported
As
restated
As
previously
reported
As
restated
As
previously
reported
As
restated
Statement of Earnings
Consolidated
GECS commercial paper interest
interest rate swap adjustment (a)
$
–
$540 $
–
$518 $
–
$535
Interest and other financial charges 15,187 15,138 11,656 11,611 10,460 10,459
Earnings from continuing operations
before income taxes and
accounting changes 22,129 22,718 19,771 20,334 17,611 18,147
Provision for income taxes (note 8) (3,854) (4,085) (3,486) (3,708 ) (3,845 ) (4,056
)
Earnings from continuing operations
before accounting changes 18,275 18,633 16,285 16,626 13,766 14,091
Earnings before accounting changes 16,353 16,711 16,819 17,160 15,823 16,148
Net earnings 16,353 16,711 16,819 17,160 15,236 15,561
(a) Included in total revenues.
Per share amounts
Earnings from continuing operations
before accounting changes
Diluted earnings per share $ 1.72 $ 1.76 $ 1.56 $ 1.59 $ 1.37 $ 1.40
Basic earnings per share 1.73 1.76 1.57 1.60 1.37 1.41
Earnings before accounting changes
Diluted earnings per share $ 1.54 $ 1.57 $ 1.61 $ 1.64 $ 1.57 $ 1.60
Basic earnings per share 1.55 1.58 1.62 1.65 1.58 1.61
Net earnings
Diluted earnings per share $ 1.54 $ 1.57 $ 1.61 $ 1.64 $ 1.51 $ 1.54
Basic earnings per share 1.55 1.58 1.62 1.65 1.52 1.55
GECS
GECS commercial paper interest
rate swap adjustment (a) $
–
$540 $
–
$518 $
–
$535
Interest and other financial charges 14,308 14,259 11,121 11,076 9,897 9,896
Earnings from continuing operations
before income taxes and accounting
changes 10,245 10,834 9,366 9,929 6,919 7,455
Provision for income taxes (note 8) (1,104) (1,335) (1,513) (1,735 ) (988) (1,199
)
Earnings from continuing operations
before accounting changes 9,141 9,499 7,853 8,194 5,931 6,256
Earnings before accounting changes 7,219 7,577 8,387 8,728 7,988 8,313
Net earnings 7,219 7,577 8,387 8,728 7,649 7,974
(a) Included in total revenues.