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GE dominates at least a dozen different global markets making it a 130 billion-a-year company. GE’s revenues in previous years have gone up and down but the earnings have continued to rise. Consolidated revenues for 2002 were $13.7 billion with a record breaking net earning of $15.1 billion before accounting changes and $14.1 billion after such changes. Revenues in 2002 increased 5% from 2001 total of $125.9 billion with net earnings of $13.7 billion. 2001 revenues decreased 3% from $129.9 billion in 2000 with net earnings of $12.7 billion. GE’s total assets are $575 billion. The company’s market value is $256 billion. GE owners have approved nine stock splits bringing the total of shares to 9.947 billion with four million share owners. The latest stock split approved was a three for one split in April 2000. To demonstrate the magnitude of the stock splits GE has approved, one GE share purchased before 1926 is now worth 4608 shares.
Approximate Word count = 609
Approximate Pages = 2.4
(250 words per page double spaced)
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