GE 2006 Annual Report Download - page 69

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Selected Financial Data
(Dollars in millions; per-share amounts in dollars) 2006 2005 2004 2003 2002
GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES
Revenues $163,391 $147,956 $134,291 $113,421 $111,967
Earnings from continuing operations before accounting changes 20,666 18,661 16,601 14,091 14,629
Earnings (loss) from discontinued operations, net of taxes 163 (1,950) 559 2,057 (616)
Earnings before accounting changes 20,829 16,711 17,160 16,148 14,013
Net earnings 20,829 16,711 17,160 15,561 12,998
Dividends declared 10,675 9,647 8,594 7,759 7,266
Return on average shareowners’ equity(a) 19.5% 17.8% 17.9% 20.0% 25.2%
Per share
Earnings from continuing operations before accounting changes — diluted $ 1.99 $ 1.76 $ 1.59 $ 1.40 $ 1.46
Earnings (loss) from discontinued operations — diluted 0.02 (0.18) 0.05 0.20 (0.06)
Earnings before accounting changes — diluted 2.00 1.57 1.64 1.60 1.40
Net earnings — diluted 2.00 1.57 1.64 1.54 1.30
Earnings from continuing operations before accounting changes — basic 1.99 1.77 1.60 1.41 1.47
Earnings (loss) from discontinued operations — basic 0.02 (0.18) 0.05 0.21 (0.06)
Earnings before accounting changes — basic 2.01 1.58 1.65 1.61 1.41
Net earnings — basic 2.01 1.58 1.65 1.55 1.31
Dividends declared 1.03 0.91 0.82 0.77 0.73
Stock price range 38.49–32.06 37.34–32.67 37.75–28.88 32.42–21.30 41.84–21.40
Year-end closing stock price 37.21 35.05 36.50 30.98 24.35
Total assets of continuing operations 697,239 612,255 604,338 503,616 441,550
Total assets 697,239 673,321 750,617 647,834 575,018
Long-term borrowings 260,804 212,281 207,871 170,309 138,570
Shares outstanding — average (in thousands) 10,359,320 10,569,805
10,399,629 10,018,587 9,947,113
Shareowner accounts — average 624,000 634,000 658,000 670,000 655,000
Employees at year end
United States 155,000 161,000 165,000 155,000 161,000
Other countries
164,000 155,000 142,000 150,000 154,000
Total employees 319,000 316,000(b) 307,000 305,000 315,000
GE DATA
Short-term borrowings $ 2,212 $ 1,127 $ 3,409 $ 2,555 $ 8,786
Long-term borrowings 9,085 9,081 7,625 8,388 970
Minority interest 5,623 5,806 7,701 1,079 1,028
Shareowners’ equity 112,314 109,351 110,908 79,662 63,979
Total capital invested $129,234 $125,365 $129,643 $ 91,684 $ 74,763
Return on average total capital invested(a) 18.4% 16.6% 16.2% 18.1% 24.0%
Borrowings as a percentage of total capital invested(a) 8.7% 8.1% 9.0% 11.9% 13.0%
Working capital(a) $ 7,566 $ 8,399 $ 8,328 $ 5,282 $ 3,821
GECS DATA
Revenues $ 63,602 $ 57,551 $ 52,704 $ 43,513 $ 38,456
Earnings from continuing operations before accounting changes 10,495 9,527 8,169 6,256 4,122
Earnings (loss) from discontinued operations, net of taxes 163 (1,950) 559 2,057 (616)
Earnings before accounting changes 10,658 7,577 8,728 8,313 3,506
Net earnings 10,658 7,577 8,728 7,974 2,491
Shareowner’s equity 54,097 50,812 54,379 45,790 37,202
Total borrowings 426,279 362,069 355,501 316,593 267,014
Ratio of debt to equity at GE Capital 7.52:1 7.09:1 6.45:1 6.62:1 6.48:1
Total assets $564,668 $540,584 $618,614 $554,877 $489,602
Transactions between GE and GECS have been eliminated from the consolidated information.
(a) Indicates terms are defined in the Glossary.
(b) Excludes employees of Genworth in 2005 as a result of the third quarter deconsolidation.
ge 2006 annual report 67