GE 2007 Annual Report Download - page 100

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    
98 ge 2007 annual report
Note 25
Operating Segments
Total revenues (a) Intersegment revenues (b) External revenues
(In millions)
2007 2006 2005 2007 2006 2005 2007 2006 2005
Infrastructure $ 57,925 $ 46,965 $ 41,695 $ 189 $ 246 $ 448 $ 57,736 $ 46,719 $ 41,247
Commercial Finance
(c) 34,288 30,853 27,273 1,069 916 790 33,219 29,937 26,483
GE Money 25,019 19,783 17,072 27 51 63 24,992 19,732 17,009
Healthcare 16,997 16,560 15,016 8 4 9 16,989 16,556 15,007
NBC Universal 15,416 16,188 14,689 35 52 — 15,381 16,136 14,689
Industrial
(c) 17,725 17,741 17,060 421 449 607 17,304 17,292 16,453
Corporate items and eliminations 5,368 3,753 3,775 (1,749) (1,718) (1,917) 7,117 5,471 5,692
Total
$172,738 $151,843 $136,580 $ — $ — $ — $172,738 $151,843 $136,580
(a) Revenues of GE businesses include income from sales of goods and services to customers and other income.
(b) Sales from one component to another generally are priced at equivalent commercial selling prices.
(c) During the fourth quarter of 2007, we transferred the Equipment Services business from the Industrial segment to the Commercial Finance segment.
Revenues from customers located in the United States were
$86,247 million, $81,057 million and $75,655 million in 2007,
2006 and 2005, respectively. Revenues from customers located
outside the United States were $86,491 million, $70,786 million
and $60,925 million in 2007, 2006 and 2005, respectively.
Assets
(a)(b) Property, plant and equipment additions
(c)
Depreciation and amortization
At December 31 For the years ended December 31 For the years ended December 31
(In millions) 2007 2006 2005 2007 2006 2005 2007 2006 2005
Infrastructure $118,852 $100,312 $ 89,519 $ 6,991 $ 4,873 $ 4,188 $ 2,821 $ 2,497 $2,436
Commercial Finance 310,412 252,901 207,984 13,050 10,892 8,792 6,820 5,170 4,560
GE Money 210,952 179,284 148,171 184 225 156 488 388 338
Healthcare 27,027 27,283 24,995 471 655 460 808 786 617
NBC Universal 33,089 31,425 31,196 306 352 275 357 361 339
Industrial 12,970 12,900 12,646 509 476 388 715 576 775
Corporate items and eliminations 82,035 92,578 158,699 247 195 226 310 262 210
Total
$795,337 $696,683 $673,210 $21,758 $17,668 $14,485 $12,319 $10,040 $9,275
(a) Assets of discontinued operations are included in Corporate items and eliminations for all periods presented.
(b) Total assets of the Infrastructure, Commercial Finance, GE Money, Healthcare, NBC Universal and Industrial operating segments at December 31, 2007, include investment in
and advances to associated companies of $4,579 million, $1,878 million, $11,115 million, $247 million, $384 million and $498 million, respectively, which contributed approxi-
mately $616 million, $241 million, $1,430 million, $32 million, $453 million and $71 million, respectively, to segment pre-tax income for the year ended December 31, 2007.
Aggregate summarized fi nancial information for signifi cant associated companies assuming a 100% ownership interest included: total assets of $138,864 million, primarily
fi nancing receivables of $83,087 million; total liabilities of $120,914 million, primarily bank deposits of $63,514 million; revenues totaling $22,446 million; and net earnings
totaling $3,979 million.
(c) Additions to property, plant and equipment include amounts relating to principal businesses purchased.
Interest and other financial charges Provision for income taxes
(In millions) 2007 2006 2005 2007 2006 2005
Infrastructure
(a) $ 2,320 $ 2,067 $ 1,706 $ 281 $ 199 $ (202)
Commercial Finance 11,428 8,487 6,429 414 954 1,035
GE Money 8,888 6,542 5,265 505 413 390
Corporate items and eliminations
(b) 1,151 1,800 1,411 2,930 2,384 2,601
Total
$23,787 $18,896 $14,811 $4,130 $3,950 $3,824
(a) Included only portions of the segment that are fi nancial services businesses.
(b) Included amounts for Healthcare, Industrial, NBC Universal and the industrial businesses of Infrastructure, for which our measure of segment profi t excludes interest and other
fi nancial charges and income taxes.