GE 2008 Annual Report Download - page 2

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CONTENTS
1 Letter to Investors
9 Business Overview
14 Governance
16 Board of Directors
17 Financial Section
108 Corporate Information
2008 Summary
• Earnings were $18.1 billion, the third highest in Company history
• Revenues grew 6% to a Company record of $183 billion
• Global revenues grew 13%
• Infrastructure and Media segments grew operating profi t 10%
• Total equipment and services backlog grew to $172 billion, an increase of 9%
• Services grew 10% with a backlog of $121 billion
• Industrial organic revenues grew 8%
• Invested $15 billion in the intellectual foundation of the Company, including
products, training, marketing, and programming
• Filed 2,537 patent applications in 2008, an increase of 8%
• Named 4th most valuable brand in the world by BusinessWeek
Note: Financial results from continuing operations unless otherwise noted
2008 COMPANY HIGHLIGHTS
172
152
136
124
183
2004 2005 2006 2007 2008
CONSOLIDATED REVENUES
(In $ billions)
5-year
average growth rate
of 12%
22.5
19.3
17.3
15.6
18.1
2004 2005 2006 2007 2008
EARNINGS FROM CONTINUING OPERATIONS
(In $ billions)
Earnings Growth Rates 2004 2005 2006 2007 2008
GE 18% 11% 12% 16% (19%)
S&P 500 25% 10% 14% (7%) (30%)
5-year
average growth rate
of 7%