通用电气公司General Electric (GE) 2008年年度报告「NYSE」.pdf

1、2008 Annual ReportWe are GEInfrastructureFinanceMediaCONTENTS 1 Letter to Investors 9 Business Overview 14 Governance 16 Board of Directors 17 Financial Section 108 Corporate Information2008 Summary Earnings were$18.1 billion,the third highest in Company history Revenues grew 6%to a Company record o

2、f$183 billion Global revenues grew 13%Infrastructure and Media segments grew operating profi t 10%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 founda

3、tion 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 noted2008 COMPANY HIGHLIGHTS172152136124183

4、20042005200620072008CONSOLIDATED REVENUES(In$billions)5-year average growth rate of 12%22.519.317.315.618.120042005200620072008EARNINGS FROM CONTINUING OPERATIONS(In$billions)Earnings Growth Rates 2004 2005 2006 2007 2008GE 18%11%12%16%(19%)S&P 500 25%10%14%(7%)(30%)5-year average growth rate of 7%p

5、ictured left to right(*seated)Jeffrey R.Immelt,Chairman of the Board&Chief Executive OfficerMichael A.Neal,*Vice Chairman,GE and Chairman&Chief Executive Officer,GE CapitalKeith S.Sherin,Vice Chairman,GE and Chief Financial Officer John G.Rice,*Vice Chairman,GE and President&Chief Executive Officer,

6、Technology InfrastructureJohn Krenicki Jr.,Vice Chairman,GE and President&Chief Executive Officer,Energy InfrastructureDear Fellow Owners,2008 was a tough year,and we expect 2009 to be even tougher.The liquidity challenge I reported in last years letter has become a global financial meltdown.In 2008