SEC Info - General Electric Co - ‘8-K’ for 7/18/06

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General Electric Co – ‘8-K’ for 7/18/06 – ‘EX-99’

On: Tuesday, 7/18/06, at 12:36pm ET · For: 7/18/06 · Accession #: 40545-6-23 · File #: 1-00035

  As Of               Filer                 Filing    For·On·As Docs:Size

 7/18/06  General Electric Co               8-K:8,9     7/18/06   10:917K

Current Report — Form 8-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     25K 
 2: EX-99       Preferred Rendering of XBRL Instance                HTML     74K 
 8: EX-100.CAL  XBRL Calculations -- gefs_cal                        XML    197K 
 3: EX-100.INS  XBRL Instance -- ge-20060331                         XML    277K 
 5: EX-100.LAB  XBRL Labels -- ge-20060331_lab                       XML    163K 
 9: EX-100.LAB  XBRL Labels -- gefs_lab                              XML    202K 
10: EX-100.PRE  XBRL Presentations -- gefs_pre                       XML    611K 
 4: EX-100.SCH  XBRL Schema -- ge-20060331                           XSD      8K 
 6: EX-100.SCH  XBRL Schema -- gebu                                  XSD      7K 
 7: EX-100.SCH  XBRL Schema -- gefs                                  XSD     42K

‘EX-99’ — Preferred Rendering of XBRL Instance
Exhibit Table of Contents

Page	(sequential)	(alphabetic)	↑Top
		Alternative Formats (Word, et al.) Accumulated gains (losses) -- net Common stock Condensed Statement of Cash Flows Condensed Statement of Earnings Condensed Statement of Financial Position Net
1	1st Page – Filing Submission
"	Condensed Statement of Earnings
"	Condensed Statement of Financial Position
"	Common stock
"	Accumulated gains (losses) -- net
"	Condensed Statement of Cash Flows

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

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Condensed Statement of Earnings

(In millions; per-share amounts in dollars) (Unaudited)
				Three months ended 3/31/06 Consolidated	Three months ended 3/31/05 Consolidated	Three months ended 3/31/06 GE	Three months ended 3/31/05 GE	Three months ended 3/31/06 Financial Services (GECS)	Three months ended 3/31/05 Financial Services (GECS)
Condensed Statement of Earnings				^*1	^*1	^*1	^*1	^*1	^*1
	Sales of goods			14,535	13,656	14,026	12,988	555	674
	Sales of services			8,949	7,749	9,060	7,845	0	0
	Other income			451	317	479	330	0	0
	GECS earnings from continuing operations			0	0	2,270	1,863	0	0
	GECS revenues from services			13,886	12,628	0	0	14,126	12,931
		Total revenues		37,821	34,350	25,835	23,026	14,681	13,605
	Cost of goods sold			11,656	10,606	11,188	9,977	513	635
	Cost of services sold			6,005	4,936	6,117	5,032	0	0
	Interest and other financial charges			4,361	3,671	384	381	4,107	3,414
	Investment contracts, insurance losses and insurance annuity benefits			749	827	0	0	805	866
	Provision for losses on financing receivables			822	902	0	0	822	902
	Other costs and expenses			9,037	8,848	3,396	3,311	5,723	5,690
	Minority interest in net earnings of consolidated affiliates			238	216	163	186	75	30
		Total costs and expenses		32,868	30,006	21,248	18,887	12,045	11,537
	Earnings from continuing operations before income taxes			4,953	4,344	4,587	4,139	2,636	2,068
	Provision for income taxes			(911)	(784)	(545)	(579)	(366)	(205)
	Earnings from continuing operations			4,042	3,560	4,042	3,560	2,270	1,863
	Earnings from discontinued operations, net of taxes			263	405	263	405	263	405
		Net earnings		4,305	3,965	4,305	3,965	2,533	2,268
	Per-share amounts
		Per-share amounts -- earnings from continuing operations
			Diluted earnings per share	0.39	0.33
			Basic earnings per share	0.39	0.34
		Per-share amounts -- net earnings
			Diluted earnings per share	0.41	0.37
			Basic earnings per share	0.41	0.37
		Dividends declared per share		0.25	0.22

Footnotes:

*1	See notes to condensed, consolidated financial statements. Separate information is shown for "GE" and "Financial Services (GECS)." Transactions between GE and GECS have been eliminated from the "Consolidated" columns.
	(Link to: Condensed Statement of Earnings, Condensed Statement of Earnings, Condensed Statement of Earnings, Condensed Statement of Earnings, Condensed Statement of Earnings, Condensed Statement of Earnings)

Condensed Statement of Financial Position

(In millions; except share amounts)
				3/31/06 Consolidated	12/31/05 Consolidated	3/31/06 GE	12/31/05 GE	3/31/06 Financial Services (GECS)	12/31/05 Financial Services (GECS)
Condensed Statement of Financial Position				^*1	^*1	^*1	^*1	^*1	^*1
	Assets
		Cash and equivalents		8,503	8,825	1,772	2,015	6,900	7,130
		Investment securities		45,100	42,148	596	461	44,512	41,710
		Current receivables		12,558	14,851	12,764	15,058	0	0
		Inventories		11,364	10,474	11,203	10,315	161	159
		Financing receivables - net		286,834	287,639	0	0	286,834	287,639
		Other GECS receivables		14,360	14,332	0	0	18,855	18,625
		Property, plant and equipment (including equipment leased to others) -- net		67,684	67,528	16,370	16,504	51,314	51,024
		Investment in GECS		0	0	49,254	50,815	0	0
		Intangible assets - net		82,955	81,630	59,141	57,839	23,814	23,791
		All other assets		86,947	84,849	36,540	36,752	51,871	49,461
		Assets of discontinued operations		58,512	61,066	0	0	58,512	61,066
		Total assets		674,817	673,342	187,640	189,759	542,773	540,605
	Liabilities and Equity
		Short-term borrowings		153,200	158,156	2,112	1,127	151,593	157,672
		Accounts payable, principally trade accounts		19,096	21,183	10,752	11,870	12,214	13,043
		Progress collections and price adjustments accrued		4,354	4,456	4,354	4,456	0	0
		Other GE current liabilities		21,181	21,042	21,199	21,059	0	0
		Long-term borrowings		222,970	212,281	9,085	9,081	215,086	204,397
		Investment contracts, insurance liabilities and insurance annuity benefits		33,386	33,097	0	0	33,811	33,387
		All other liabilities		38,661	39,966	23,020	23,273	15,738	16,787
		Deferred income taxes		16,862	16,226	3,775	3,733	13,087	12,493
		Liabilities of discontinued operations		49,476	49,527	0	0	49,702	49,763
		Total liabilities		559,186	555,934	74,297	74,599	491,231	487,542
		Minority interest in equity of consolidated affiliates		8,143	8,054	5,855	5,806	2,288	2,248
		Common stock		669 ^*2	669 ^*2	669	669	1	1
		Accumulated gains (losses) -- net		^*3	^*3
			Investment securities	1,159	1,831	1,159	1,831	1,049	1,754
			Currency translation adjustments	2,272	2,532	2,272	2,532	2,007	2,287
			Cash flow hedges	(549)	(822)	(549)	(822)	(507)	(813)
			Minimum pension liabilities	(889)	(874)	(889)	(874)	(189)	(179)
		Other capital		25,362	25,227	25,362	25,227	12,525	12,386
		Retained earnings		99,808	98,117	99,808	98,117	34,368	35,379
		Less common stock held in treasury		(20,344)	(17,326)	(20,344)	(17,326)	0	0
		Total shareowners' equity		107,488	109,354	107,488	109,354	49,254	50,815
		Total liabilities and equity		674,817	673,342	187,640	189,759	542,773	540,605

Footnotes:

*1	See notes to condensed, consolidated financial statements. Separate information is shown for "GE" and "Financial Services (GECS)." March 31, 2006, data are unaudited. Transactions between GE and GECS have been eliminated from the "Consolidated" columns.
	(Link to: Condensed Statement of Financial Position, Condensed Statement of Financial Position, Condensed Statement of Financial Position, Condensed Statement of Financial Position, Condensed Statement of Financial Position, Condensed Statement of Financial Position)
*2	10,398,398,000 and 10,484,268,000 shares outstanding at March 31, 2006 and December 31, 2005, respectively.
	(Link to: Common stock, Common stock)
*3	The sum of accumulated gains (losses) on investment securities, currency translation adjustments, cash flow hedges and minimum pension liabilities constitutes "Accumulated nonowner changes other than earnings," and was $1,993 million and $2,667 million at March 31, 2006, and December 31, 2005, respectively.
	(Link to: Accumulated gains (losses) -- net, Accumulated gains (losses) -- net)

Condensed Statement of Cash Flows

(In millions) (Unaudited)
				Three months ended 3/31/06 Consolidated	Three months ended 3/31/05 Consolidated	Three months ended 3/31/06 GE	Three months ended 3/31/05 GE	Three months ended 3/31/06 Financial Services (GECS)	Three months ended 3/31/05 Financial Services (GECS)
Condensed Statement of Cash Flows				^*1	^*1	^*1	^*1	^*1	^*1
	Cash flows -- operating activities
		Net earnings		4,305	3,965	4,305	3,965	2,533	2,268
		Earnings from discontinued operations		(263)	(405)	0	0	(263)	(405)
		Adjustments to reconcile net earnings to cash provided from operating activities
			Depreciation and amortization of property, plant and equipment	2,132	2,280	633	643	1,499	1,637
			Earnings retained by GECS	0	0	871	(2,044)	0	0
			Deferred income taxes	311	(168)	73	(1)	238	(167)
			Decrease in GE current receivables	2,472	1,315	2,472	1,387	0	0
			Increase in inventories	(878)	(678)	(876)	(671)	(2)	(7)
			Decrease in accounts payable	(1,286)	(1,583)	(683)	(1,032)	(462)	(850)
			Decrease in GE progress collections	(108)	(102)	(108)	(102)	0	0
			Provision for losses on GECS financing receivables	822	902	0	0	822	902
			All other operating activities	(2,089)	2,188	25	745	(1,104)	1,708
		Cash from operating activities -- continuing operations		5,418	7,714	6,712	2,890	3,261	5,086
		Cash from operating activities -- discontinued operations		91	1,210	0	0	91	1,210
		Cash from operating activities		5,509	8,924	6,712	2,890	3,352	6,296
	Cash flows -- investing activities
		Additions to property, plant and equipment		(2,984)	(2,934)	(853)	(412)	(2,131)	(2,522)
		Dispositions of property, plant and equipment		1,158	1,811	0	0	1,113	1,814
		Net decrease (increase) in GECS financing receivables		(3,063)	750	0	0	(3,063)	750
		Payments for principal businesses purchased		(2,075)	(7,300)	(1,651)	(2,669)	(424)	(4,631)
		All other investing activities		(199)	866	346	586	(1,481)	156
		Cash used for investing activities -- continuing operations		(7,163)	(6,807)	(2,158)	(2,495)	(5,986)	(4,433)
		Cash from (used for) investing activities -- discontinued operations		800	(359)	0	0	800	(359)
		Cash used for investing activities		(6,363)	(7,166)	(2,158)	(2,495)	(5,186)	(4,792)
	Cash flows -- financing activities
		Net increase (decrease) in borrowings (maturities of 90 days or less)		(1,498)	(3,270)	1,054	503	(2,876)	(3,675)
		Newly issued debt (maturities longer than 90 days)		24,623	23,722	43	14	24,583	23,677
		Repayments and other reductions (maturities longer than 90 days)		(16,103)	(21,219)	(122)	(342)	(15,981)	(20,877)
		Net dispositions (purchases) of GE treasury shares		(3,141)	121	(3,141)	121	0	0
		Dividends paid to shareowners		(2,631)	(2,336)	(2,631)	(2,336)	(3,404)	(224)
		All other financing activities		173	(592)	0	0	173	(592)
		Cash from (used for) financing activities - continuing operations		1,423	(3,574)	(4,797)	(2,040)	2,495	(1,691)
		Cash used for financing activities -- discontinued operations		(249)	(613)	0	0	(249)	(613)
		Cash from (used for) financing activities		1,174	(4,187)	(4,797)	(2,040)	2,246	(2,304)
	Increase (decrease) in cash and equivalents			320	(2,429)	(243)	(1,645)	412	(800)
	Cash and equivalents at beginning of year			11,801	15,328	2,015	3,155	10,106	12,367
	Cash and equivalents at March 31			12,121	12,899	1,772	1,510	10,518	11,567
	Less cash and equivalents of discontinued operations at March 31			3,618	3,504	0	0	3,618	3,504
	Cash and equivalents of continuing operations at March 31			8,503	9,395	1,772	1,510	6,900	8,063

Footnotes:

*1	See notes to condensed, consolidated financial statements. Separate information is shown for "GE" and "Financial Services (GECS)." Transactions between GE and Financial Services (GECS) have been eliminated from the "Consolidated" columns.
	(Link to: Condensed Statement of Cash Flows, Condensed Statement of Cash Flows, Condensed Statement of Cash Flows, Condensed Statement of Cash Flows, Condensed Statement of Cash Flows, Condensed Statement of Cash Flows)

Fri Jul 07 13:13:44 EDT 2006, Generated by Fujitsu Instance Creator

Dates Referenced Herein and Documents Incorporated by Reference

This ‘8-K’ Filing	Date	Other Filings

Filed on / For Period end:	7/18/06
	3/31/06	10-Q, 10-Q/A, 13F-HR, 13F-HR/A
	12/31/05	10-K, 10-K/A, 11-K, 13F-HR, 13F-HR/A, 5
		List all Filings

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Filing Submission 0000040545-06-000023 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

General Electric Co – ‘8-K’ for 7/18/06 – ‘EX-99’

On: Tuesday, 7/18/06, at 12:36pm ET · For: 7/18/06 · Accession #: 40545-6-23 · File #: 1-00035

Previous ‘8-K’: ‘8-K’ on / for 7/14/06 · Next: ‘8-K’ on / for 8/23/06 · Latest: ‘8-K’ on / for 4/23/24

Current Report — Form 8-K — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘EX-99’ — Preferred Rendering of XBRL InstanceExhibit Table of Contents

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Current Report — Form 8-K — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

‘EX-99’ — Preferred Rendering of XBRL Instance
Exhibit Table of Contents