GE 2009 Annual Report Download - page 61

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GE 2009 ANNUAL REPORT 59
Selected Financial Data
The following table provides key information for Consolidated, GE and GECS.
(Dollars in millions; per-share amounts in dollars) 2009 2008 2007 2006 2005
GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES
Revenues $156,783 $182,515 $172,488 $151,568 $136,262
Earnings from continuing operations attributable to
the Company 11,218 18,089 22,457 19,344 17,279
Earnings (loss) from discontinued operations, net of taxes,
attributable to the Company (193) (679) (249) 1,398 (559)
Net earnings attributable to the Company 11,025 17,410 22,208 20,742 16,720
Dividends declared (a) 6,785 12,649 11,713 10,675 9,647
Return on average GE shareowners’ equity (b) 10.1% 15.9% 20.4% 19.8% 18.1%
Per common share
Earnings from continuing operations — diluted $ 1.03 $ 1.78 $ 2.20 $ 1.86 $ 1.63
Earnings (loss) from discontinued operations — diluted (0.02) (0.07) (0.02) 0.13 (0.05)
Net earnings — diluted 1.01 1.72 2.17 2.00 1.57
Earnings from continuing operations — basic 1.03 1.79 2.21 1.87 1.63
Earnings (loss) from discontinued operations — basic (0.02) (0.07) (0.02) 0.14 (0.05)
Net earnings — basic 1.01 1.72 2.18 2.00 1.58
Dividends declared 0.61 1.24 1.15 1.03 0.91
Stock price range 17.52 – 5.87 38.52 – 12.58 42.15 – 33.90 38.49 – 32.06 37.34 – 32.67
Year-end closing stock price 15.13 16.20 37.07 37.21 35.05
Cash and equivalents 72,260 48,187 15,731 14,086 8,608
Total assets of continuing operations 780,298 796,046 786,794 674,966 588,821
Total assets 781,818 797,769 795,683 697,273 673,210
Long-term borrowings 338,215 322,847 318,530 260,656 212,082
Common shares outstanding — average (in thousands) 10,613,717 10,079,923 10,182,083 10,359,320 10,569,805
Common shareowner accounts — average 605,000 604,000 608,000 624,000 634,000
Employees at year end
United States 134,000 152,000 155,000 155,000 161,000
Other countries 154,000 171,000 172,000 164,000 155,000
BAC Credomatic GECF Inc. (c) 16,000 — — — —
Total employees 304,000 323,000 327,000 319,000 316,000
GE DATA
Short-term borrowings $ 504 $ 2,375 $ 4,106 $ 2,076 $ 972
Long-term borrowings 11,681 9,827 11,656 9,043 8,986
Noncontrolling interests 5,797 6,678 6,503 5,544 5,308
GE shareowners’ equity 117,291 104,665 115,559 111,509 108,633
Total capital invested $135,273 $123,545 $137,824 $128,172 $123,899
Return on average total capital invested (b) 9.5% 14.8% 18.9% 18.5% 16.7%
Borrowings as a percentage of total capital invested (b) 9.0% 9.9% 11.4% 8.7% 8.0%
Working capital (b) $ (1,596) $ 3,904 $ 6,433 $ 7,527 $ 7,853
GECS DATA
Revenues $ 54,163 $ 71,287 $ 71,936 $ 61,351 $ 54,889
Earnings from continuing operations attributable to GECS 1,590 7,774 12,417 10,219 8,929
Earnings (loss) from discontinued operations, net of taxes,
attributable to GECS (175) (719) (2,116) 439 (1,352)
Net earnings attributable to GECS 1,415 7,055 10,301 10,658 7,577
GECS shareowner’s equity 70,833 53,279 57,676 54,097 50,812
Total borrowings and bank deposits 500,334 514,601 500,922 426,262 362,042
Ratio of debt to equity at GE Capital 6.74:1(d) 8.76:1(d) 8.10:1 7.52:1 7.09:1
Total assets $650,241 $660,902 $646,485 $565,258 $540,584
Transactions between GE and GECS have been eliminated from the consolidated information.
(a) Included $300 million and $75 million of preferred stock dividends in 2009 and 2008, respectively.
(b) Indicates terms are defined in the Glossary.
(c) In 2009, we consolidated BAC Credomatic GECF Inc. (BAC) as a result of an increase in our ownership from 49.99% to 75%.
(d) Ratios of 5.22:1 and 7.07:1 for 2009 and 2008, respectively, net of cash and equivalents and with classification of hybrid debt as equity.