Exhibit 99
SUMMARY OF OPERATING SEGMENTS
| General Electric Company and consolidated affiliates | ||||||||||||||||||||
For the years ended December 31 (In millions) | 2003 | 2002 | 2001 | 2000 | 1999 | |||||||||||||||
REVENUES | ||||||||||||||||||||
Advanced Materials | $ | 7,078 | $ | 6,963 | $ | 7,069 | $ | 8,020 | $ | 7,118 | ||||||||||
Commercial Finance | 20,813 | 19,592 | 17,723 | 17,549 | 14,506 | |||||||||||||||
Consumer Finance | 12,845 | 10,266 | 9,508 | 9,320 | 7,562 | |||||||||||||||
Consumer & Industrial | 12,843 | 12,887 | 13,063 | 13,406 | 13,051 | |||||||||||||||
Energy | 19,082 | 23,633 | 21,030 | 15,703 | 10,998 | |||||||||||||||
Equipment & Other Services | 4,427 | 5,545 | 7,735 | 15,074 | 14,768 | |||||||||||||||
Healthcare | 10,198 | 8,955 | 8,409 | 7,275 | 6,171 | |||||||||||||||
Infrastructure | 3,078 | 1,901 | 392 | 486 | 421 | |||||||||||||||
Insurance | 26,194 | 23,296 | 23,890 | 24,766 | 19,433 | |||||||||||||||
NBC | 6,871 | 7,149 | 5,769 | 6,797 | 5,790 | |||||||||||||||
Transportation | 13,515 | 13,685 | 13,885 | 13,285 | 13,293 | |||||||||||||||
Corporate items and eliminations | (2,757 | ) | (1,662 | ) | (2,057 | ) | (1,296 | ) | (961 | ) | ||||||||||
CONSOLIDATED REVENUES | $ | 134,187 | $ | 132,210 | $ | 126,416 | $ | 130,385 | $ | 112,150 | ||||||||||
SEGMENT PROFIT | ||||||||||||||||||||
Advanced Materials | $ | 616 | $ | 1,000 | $ | 1,433 | $ | 1,864 | $ | 1,588 | ||||||||||
Commercial Finance | 3,910 | 3,310 | 2,879 | 2,528 | 1,940 | |||||||||||||||
Consumer Finance | 2,161 | 1,799 | 1,602 | 1,295 | 848 | |||||||||||||||
Consumer & Industrial | 577 | 567 | 894 | 1,270 | 1,330 | |||||||||||||||
Energy | 4,109 | 6,294 | 4,897 | 2,598 | 1,583 | |||||||||||||||
Equipment & Other Services | (419 | ) | (388 | ) | (222 | ) | (212 | ) | 25 | |||||||||||
Healthcare | 1,701 | 1,546 | 1,498 | 1,321 | 1,107 | |||||||||||||||
Infrastructure | 462 | 297 | 26 | 45 | 63 | |||||||||||||||
Insurance | 2,102 | (95 | ) | 1,879 | 2,201 | 2,142 | ||||||||||||||
NBC | 1,998 | 1,658 | 1,408 | 1,609 | 1,427 | |||||||||||||||
Transportation | 2,661 | 2,510 | 2,577 | 2,511 | 2,233 | |||||||||||||||
Total segment profit | 19,878 | 18,498 | 18,871 | 17,030 | 14,286 | |||||||||||||||
GECS goodwill amortization | — | — | (552 | ) | (620 | ) | (512 | ) | ||||||||||||
GE corporate items and eliminations | (491 | ) | 1,041 | 819 | 935 | 960 | ||||||||||||||
GE interest and other financial charges | (941 | ) | (569 | ) | (817 | ) | (811 | ) | (810 | ) | ||||||||||
GE provision for income taxes | (2,857 | ) | (3,837 | ) | (4,193 | ) | (3,799 | ) | (3,207 | ) | ||||||||||
Earnings before accounting changes | 15,589 | 15,133 | 14,128 | 12,735 | 10,717 | |||||||||||||||
Cumulative effect of accounting changes | (587 | ) | (1,015 | ) | (444 | ) | — | — | ||||||||||||
CONSOLIDATED NET EARNINGS | $ | 15,002 | $ | 14,118 | $ | 13,684 | $ | 12,735 | $ | 10,717 | ||||||||||
The notes to consolidated financial statements on pages 76-113 are an integral part of this summary.
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