GE 2005 Annual Report Download - page 100

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(100)
Note 9
Earnings Per Share Information (Restated)
2005
(Restated)
2004
(Restated)
2003
(Restated)
(In millions; per-share amounts in dollars) Diluted Basic Diluted Basic Diluted Basic
CONSOLIDATED
Earnings from continuing operations before
accounting changes for per–share calculation(a) $18,634 $18,633 $ 16,627 $ 16,626 $ 14,092 $ 14,091
Earnings (loss) from discontinued
operations for per-share calculation(b)
(1,933) (1,922) 532 534 2,057 2,057
Earnings before accounting changes
for per–share calculation
16,701
16,711 17,159 17,160 16,149 16,148
Cumulative effect of accounting changes –
–
–
(587 ) (587)
Net earnings available for per-share calculation $16,701 $16,711 $ 17,159 $ 17,160 $ 15,562 $ 15,561
AVERAGE EQUIVALENT SHARES
Shares of GE common stock outstanding 10,570
10,570 10,400 10,400 10,019 10,019
Employee compensation-related shares,
including stock options 41
–
45
56
Total average equivalent shares 10,611
10,570 10,445 10,400 10,075 10,019
PER–SHARE AMOUNTS
Earnings from continuing operations
before accounting changes $1.76 $1.76 $ 1.59 $ 1.60 $ 1.40 $ 1.41
Earnings (loss) from discontinued operations (0.18) (0.18) 0.05 0.05 0.20 0.21
Earnings before accounting changes 1.57 1.58 1.64 1.65 1.60 1.61
Cumulative effect of accounting changes –
–
–
(0.06 ) (0.06)
Net earnings per share $1.57 $1.58 $ 1.64 $ 1.65 $ 1.54 $ 1.55
(a) Included dividend equivalents of approximately $1 million in each of the three years ended December 31, 2005.
(b) Included dilutive effects of subsidiary-issued stock-based awards of approximately $11 million in 2005 and $2 million in 2004.
Note 10
Investment Securities
Estimated fair value
December 31 (In millions) 2005
2004
Available-for-sale securities $ 45,002 $ 48,577
GECS trading securities 8,142 8,346
Total $ 53,144 $ 56,923