Equity, Cash Flow, And Notes Analysis for the General Electric Company
Regarding the specific components of the Statement of Changes in Owner's Equity and Statements of Cash Flows, from line items to balances
General Electric still stands tall in the public's estimation and in its international reputation as a pioneer of Six Sigma management policies regarding internal quality control. (Six Sigma, 2004) According to its annual report, GE Share owners' equity increased $8.9 billion, $4.3 billion and $7.9 billion in 2002, 2001 and 2000. Thus, the performance of the General Electric company in sheer dollar terms continues to improve, not simply as a statistical blip between the current financial year and the financial year of the past, but steadily, and over time. The increases were largely attributable to net earnings of $14.1 billion, $13.7 billion and $12.7 billion. These increases were only partially offset by dividends declared of $7.3 billion, $6.6 billion and $5.6 billion in 2002, 2001 and 2000, respectively.
But by and large, GE's profit as a company thus overall increased in terms of its net worth, and also in terms of its ability to pay dividends to its stockholders and shareholders. It was also able to maintain generous stock options packages and retirement packages to its employees, domestically and internationally, and increased its net worth in both its manufacturing and service sectors.
Part B: Analysis of the changes in those balances from the prior year, possible specific explanations for any changes from the previous year, and how management can use that information in helping the business to achieve its http://www.ge.com/images/en/ar2002/space.gif
It should be noted that GE's international financial statements...
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