GE 2007 Annual Report Download - page 65

ge 2007 annual report 63
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Selected Financial Data
(Dollars in millions; per-share amounts in dollars) 2007 2006 2005 2004 2003
GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES
Revenues
$172,738 $151,843 $136,580 $124,176 $104,624
Earnings from continuing operations before accounting changes
22,468 19,380 17,354 15,638 13,277
Earnings (loss) from discontinued operations, net of taxes
(260) 1,362 (634) 1,584 2,828
Earnings before accounting changes
22,208 20,742 16,720 17,222 16,105
Net earnings
22,208 20,742 16,720 17,222 15,518
Dividends declared
11,713 10,675 9,647 8,594 7,759
Return on average shareowners’ equity (a)
20.4% 19.9% 18.2% 16.2% 17.1%
Per share
Earnings from continuing operations before accounting
changes — diluted
$ 2.20 $ 1.86 $ 1.64 $ 1.50 $ 1.32
Earnings (loss) from discontinued operations — diluted
(0.03) 0.13 (0.06) 0.15 0.28
Earnings before accounting changes — diluted
2.17 2.00 1.57 1.65 1.60
Net earnings — diluted
2.17 2.00 1.57 1.65 1.54
Earnings from continuing operations before accounting
changes — basic
2.21 1.87 1.64 1.50 1.33
Earnings (loss) from discontinued operations — basic
(0.03) 0.13 (0.06) 0.15 0.28
Earnings before accounting changes — basic
2.18 2.00 1.58 1.66 1.61
Net earnings — basic
2.18 2.00 1.58 1.66 1.55
Dividends declared
1.15 1.03 0.91 0.82 0.77
Stock price range
42.15–33.90 38.49–32.06 37.34–32.67 37.75–28.88 32.42–21.30
Year-end closing stock price
37.07 37.21 35.05 36.50 30.98
Total assets of continuing operations
788,568 676,808 590,487 580,862 484,703
Total assets
795,337 696,683 673,210 750,252 647,395
Long-term borrowings
319,015 260,752 212,170 207,788 170,194
Shares outstanding — average (in thousands)
10,182,083 10,359,320 10,569,805 10,399,629 10,018,587
Shareowner accounts — average
608,000 624,000 634,000 658,000 670,000
Employees at year end
United States
155,000 155,000 161,000 165,000 155,000
Other countries
172,000 164,000 155,000 142,000 150,000
Total employees 327,000 319,000 316,000 (b) 307,000 305,000
GE DATA
Short-term borrowings $ 4,106 $ 2,076 $ 972 $ 3,252 $ 2,398
Long-term borrowings
11,656 9,043 8,986 7,561 8,289
Minority interest
6,503 5,544 5,308 7,236 663
Shareowners’ equity
115,559 111,509 108,633 110,181 78,873
Total capital invested $137,824 $128,172 $123,899 $128,230 $ 90,223
Return on average total capital invested (a) 18.9% 18.6% 16.8% 14.9% 15.7%
Borrowings as a percentage of total capital invested (a)
11.4% 8.7% 8.0% 9.0% 11.8%
Working capital (a) $ 5,186 $ 6,649 $ 7,266 $ 7,163 $ 4,211
GECS DATA
Revenues $ 72,186 $ 61,626 $ 55,207 $ 50,682 $ 41,795
Earnings from continuing operations before accounting changes
12,428 10,255 9,004 7,661 5,871
Earnings (loss) from discontinued operations, net of taxes
(2,127) 403 (1,427) 1,067 2,442
Earnings before accounting changes
10,301 10,658 7,577 8,728 8,313
Net earnings 10,301 10,658 7,577 8,728 7,974
Shareowner’s equity 57,676 54,097 50,812 54,379 45,790
Total borrowings 500,925 426,266 362,046 355,470 316,562
Ratio of debt to equity at GE Capital 8.10:1 7.52:1 7.09:1 6.45:1 6.62:1
Total assets $646,139 $564,668 $540,584 $618,614 $554,877
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.