10-KPeriod: FY2005

GENERAL ELECTRIC CO Annual Report, Year Ended Dec 31, 2005

Filed March 3, 2006For Securities:GE

Summary

This 10-K filing for General Electric (GE) for the fiscal year ending December 31, 2005, provides a snapshot of the company's market performance, executive team, and financial reporting structure as of early 2006. While the filing largely incorporates detailed financial information by reference to its Annual Report to Shareowners, it highlights GE's common stock trading on major exchanges and details significant share repurchase activities. The company actively engaged in repurchasing its shares throughout 2005, demonstrating a commitment to returning capital to shareholders, with a substantial remaining authorization for future buybacks. Management affirmed the effectiveness of the company's disclosure controls and procedures and its internal control over financial reporting as of December 31, 2005. The filing also lists the company's extensive executive leadership team, underscoring the depth of experience within GE's management. Investors should note that comprehensive financial statements, management's discussion and analysis, and details on market risk are available in the referenced Annual Report to Shareowners.

Key Highlights

  • 1GE common stock is listed on major exchanges including the NYSE, London Stock Exchange, and Euronext Paris.
  • 2The company actively repurchased approximately 98.6 million shares in 2005, totaling $3.5 billion.
  • 3As of December 31, 2005, GE had approximately $19.7 billion remaining authorization for share repurchases under its modified 2004 program.
  • 4Management reported effective disclosure controls and procedures and internal control over financial reporting as of year-end 2005.
  • 5The filing includes a comprehensive list of GE's executive officers as of March 1, 2006, detailing their positions and tenure.
  • 6The company's code of conduct, 'The Spirit & The Letter,' is available on its website and applies to all directors, officers, and employees.

Frequently Asked Questions

In 2005, GE actively repurchased its common stock, acquiring approximately 98.6 million shares for about $3.5 billion. This activity was part of a larger share repurchase program authorized by the Board, with a significant remaining authorization of $19.7 billion as of year-end 2005 for future repurchases.

The most detailed financial performance information, including revenues, net earnings, net earnings per share, and balance sheet data, is incorporated by reference to GE's Annual Report to Shareowners for the fiscal year ended December 31, 2005. Specific sections mentioned for financial statements and Management's Discussion and Analysis are pages 44-63 and 106-107 of that report.

Yes, under the direction of its CEO and CFO, GE evaluated its disclosure controls and procedures and internal control over financial reporting. They concluded that these controls were effective as of December 31, 2005, and no material changes occurred during the quarter that would affect internal control over financial reporting.

The filing lists the Chairman and CEO, Jeffrey R. Immelt, along with numerous other senior executives and Vice Chairmen, indicating a robust management structure. GE adheres to a comprehensive code of conduct, 'The Spirit & The Letter,' which is available on its website and applies to all directors, officers, and employees, with no waivers permitted for directors or executive officers.