The Annual Report Project Essay Example for Free

The Annual Report Project EssayGeneral Electric, short as GE, is a leading multi-industrial company involving in expertness, appliance, finance and back breaker line of workes. It has more than 100 days of history, and generally be viewed as one of the some successful harvest-tide and service providers across continents. GE has gross taxation of more than 147 billion dollars, and is currently ranking No.6 in Fortune 500 U.S. by revenue.A. IntroductionGeneral Electric attach to (GE) is a multinational complex corporation headquartered in Fair reach, Connecticut, United States. Its core business enterprise contains four segments, including Energy, Finance, Technology infrastructure, and Consumer and Industrial. GE was founded initially by Thomas Edison, and then merged with Thomson-Houston Electronic gild in 1892. It was one the original 12 companies that were included for Dow Jones Industrial Average calculation in 1896, and is the only one that still being listed as of today.* number of the Chief Executive Officer Jeffrey R. Immelt* Corporate Headquarters 3135 Easton Turnpike, Fairfield, CT 06828* Ending of last fiscal year Dec 31, 2011* Description of the companys article of belief products or services General Electronic contains four major business sectors. GE Energy is constructed by two major segments. The Oil Gas incision is a drill solution and refinery service provider, and the power department is one of the leading manufactures in designing and producing innovative, reliable, efficient, and high-performance jet locomotive engines. GE Technology base of operations is a business group dealing with machine production for healthcare and transportation. GE Capital is the monetary service provider primarily focuses on loans and leases that it underwrites to retard on its own balance sheet rather than on generating fee by originating loans and leases.GE family unit Business Solutions is another GE major business unit composed of intell igent platforms department and lighting department. The intelligent platforms are involving in producing next generation hardware and software for industrial control, and lighting department mainly engaged in home appliance production and maintenance. * Main geographic area of activity (in order of revenue significance) United States, Canada, europium, Asia, Australia, Africa. * Name of Companys independent accountants (KPMG LLP). Base on the analysis of independent auditor, the GE consolidated financial statements released to the public presented fairly, in a whole, the financial position of GE as the date of Dec 31, 2011 and 2010.Also, the statements of operations and cash flows for the three consecutive years from 2009 to 2011 are conformed to U.S. generally accepted accounting principles (GAAP). The independent accountants also state that the GE maintained effective internal control over financial reporting as of Dec 31 2011, according to the criteria established in interior( a) Control-Integrated Framework issued by COSO. * The most recent price of companys stock and its dividend per share The current price of GE stock is $20.62 as of Nov 20, 2012. The most recent dividend payment date was Oct 25, 2012 (record date was Sep 24, 2012) with amount per share of $0.17.B. Industry Situation and Company PlansGE Energy unit is a product and service provider across different force industries, including coal, oil, natural flatulence, nuclear power and renewable energy like wind or solar energy. In general, global energy business experienced a boosting period in the past twenty years due to the economic rapid growth in Asia. Coal, Oil and natural gas are top 3 widely used fossil fuels in energy industry, accounting for 55% of total energy demands. GE Energy has the advantage of applying advanced technology from oil production and production, liquefied natural gas pipelines and storage to industrial power generation and it is the largest natural gas provider in U.S. Based on GEs patents on renewable energy, it greatly expands its business cooperation in Asia in the past three years within the countries that have great environmental issues, like China. In 200920011, GE acquired two wind turbine companies, Scan Wind and Wind Tower System, and became one of the largest engine manufactures, second only to well-known British company, Rolls-Royce plc.Healthcare in GE Technology Infrastructure business unit takes the dominant position in the field of diagnostic imaging service and integrated clinical system providers. While it has offices around the globe, the Healthcare department has major regional operation in Europe and Asia. Transportation in GE Technology Infrastructure business unit basically produces locomotive and its accompanied equipment, large electric motors and propulsion systems for mining, oil drilling and engine industries. Because of its comparative advantage of research and development, the GE Transportation unit experienced a fast expansion in the past several years, and in 2011 they announced plans to build another locomotive factory in Texas to meet the increasing demand.GE Capital has two major parts of services, aviation services, and energy financial services. The aviation service is responsible for the leasing of aircraft and associate equipment to airlines. According to 2005 Airfinance Journal Operating Lessor Survey, GE aviation service department is the largest aircraft lessor in the world by the fleet size. The success of this business is primarily due to the heavily competition between the airlines, and each airline company intends to lease cheap aircraft to reduce their cost. The capital of the United States intensive companies, like GE, has the advantage to meet their needs. Energy financial services department is primarily responsible for auxiliary role such as providing financial and technological investment in energy infrastructure projects around the world, and their major investments a re the projects across the different business segment of the General Electric.GE Home Business Solutions is composed of GE luminance and GE Intelligent Platforms. GE Lighting is well known for its household appliance traced back from Thomas Edisons work on lighting. Because of its dominant position in the business, lighting department generates descent amount of the revenues for the whole group. In 2011 the gross revenue for GE Lighting is about 3 billion. Intelligent Platforms departments designs, manufactures, and supplies hardware and software products for industrial control and automation. Their hardware products including programmable logic controllers (PLCs), programmable automation controllers (PACs), as well as software products including supervisory control and data acquisition (SCADA) has good reputation in the market, its major role is to provide research and development support for other GE business units to evolve their products. The revenue in Intelligent Platforms i s about 135 million, and is not a huge profit resource for the whole group.