Ge 2008 Annual Report Prepared for Tough Times We Have Prepared for a Difficult Economy in 2009
Infrastructure Finance Media We are GE 2008 Annual Report 2008 Summary CONSOLIDATED REVENUES 2004 2005 2006 2007 2008 (In $ billions) 183 172 152 136 124 5-year average growth rate of 12% EARNINGS FROM CONTINUING OPERATIONS 2004 2005 2006 2007 2008 (In $ billions) 22.5 19.3 18.1 17.3 15.6 5-year average growth rate of 7% Earnings Growth Rates 2004 2005 2006 2007 2008 GE 18% 11% 12% 16% (19%) S&P 500 25% 10% 14% (7%) (30%) CONTENTS 2008 COMPANY HIGHLIGHTS 1 Letter to Investors 9 Business Overview • Earnings were $18.1 billion, the third highest in Company history 14 Governance • Revenues grew 6% to a Company record of $183 billion 16 Board of Directors • Global revenues grew 13% 17 Financial Section • Infrastructure and Media segments grew operating profi t 10% 108 Corporate Information • 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 PICTURED LEFT TO RIGHT (*seated) Jeffrey R. Immelt, Chairman of the Board & Chief Executive Officer Michael A. Neal,* Vice Chairman, GE and Chairman & Chief Executive Officer, GE Capital Keith S. Sherin, Vice Chairman, GE and Chief Financial Officer John G. Rice,* Vice Chairman, GE and President & Chief Executive Officer, Technology Infrastructure John Krenicki Jr., Vice Chairman, GE and President & Chief Executive Officer, Energy Infrastructure Dear Fellow Owners, 2008 was a tough year, and we expect 2009 to be even tougher.
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