How much did General Electric make in 2001?
Except as otherwise noted, the analysis in the remainder of this section presents GE results with GECS reported on an equity basis. GE total revenueswere $74.0 billion in 2001, compared with $69.5 billion in 2000 and $60.9 billion in 1999.
What were the terms and interest rates for GE Capital in 2001?
The average remaining terms and interest rates of GE Capital commercial paper were 46 days and 2.37% at the end of 2001, compared with 45 days and 6.43% at the end of 2000. The GE Capital ratio of debt to equity was 7.31 to 1 at the end of 2001 and 7.53 to 1 at the end of 2000.
What was GE's debt at year end 2001?
GE total borrowings were $2.5 billion at year-end 2001 ($1.7 billion short term, $0.8 billion long term), an increase of $0.7 billion from year-end 2000. GE total debt at the end of 2001 equaled 4.3% of total capital, up from 3.3% at the end of 2000.
How many shares of common stock does GE have?
Shares of GE common stock outstanding9,932 9,9329,897 9,8 97 9,833 9,833 Employee compensation-related shares, including stock options120 —160 — 163 — Total average equivalent shares10,052 9,93210,057 9,897 9 ,996 9,833 Per-share amounts
See more
What was the price of GE stock in 2000?
GE - General Electric CompanyDateOpenLowJul 01, 2000403.85380.77Jun 01, 2000400.48368.75May 08, 20003:1 Stock SplitMay 01, 2000407.69375.0081 more rows
What was GE highest stock price ever?
The all-time high General Electric stock closing price was 480.00 on August 28, 2000.
What was the price of GE stock before the split?
The pre-split-adjusted price was $12.69, according to MarketWatch.
How did GE stock get 100 dollars?
It's not a misprint, your General Electric Co. stock is now trading above $100. That's because the one-for-eight reverse stock split the industrial conglomerate company proposed in March just took effect.
Who Ruined General Electric?
Twenty years later, we can see clearly that the Manager of the 20th century was not Welch but Alfred P. Sloan, CEO and then Chairman of General Motors (1920-1963). Welch's main achievement was destroying the management model that Sloan had built, causing GE's subsequent near-collapse.
Why did GE fail?
2008: GE in Crisis The 2008 financial crisis hit GE hard. The company's stock fell 42% during the year, and after Welch's departure, it became clear that GE was overstretched and bloated. Losses by the GE Capital financial segment nearly sank the company during the Great Recession.
How many times has GE stock split since 2000?
GE Split History TableDateRatio05/12/19972 for 105/08/20003 for 102/26/2019104 for 1005 more rows
Has GE ever done a reverse split?
Why Did GE Do a Reverse Stock Split. On July 30, 2021, GE announced that it completed the 1-for-8 reverse stock split. The company provided an FAQ dated June 23rd, 2021, explaining why the board felt the reverse split made sense at this time.
When was GE last split?
Feb. 26, 2019: a 104-for-100 split of common shares. Aug. 2, 2021: a 1-for-8 reverse split of common shares.
Did GE have a stock split?
General Electric (NYSE:GE) announced a reverse stock split, with eight shares turning into one. Since the mid-June announcement, GE stock has gone nowhere. GE hoped to capitalize on a stunning comeback, the share price doubling as CEO Larry Culp's turnaround plan seemed to take hold.
Will GE stock ever recover?
General Electric's shares appear to be poised for a rebound, based on an analysis of the stock's sell-side analyst price targets. The mean consensus target price for GE is $124.71, which is +25% higher than the company's last traded share price of $99.95 as of January 6, 2022.
How many times has GE stock split?
Not at all. You can't compare GE's stock price in 1892 with its stock price today because GE stock has split nine times.
Will GE stock ever recover?
General Electric's shares appear to be poised for a rebound, based on an analysis of the stock's sell-side analyst price targets. The mean consensus target price for GE is $124.71, which is +25% higher than the company's last traded share price of $99.95 as of January 6, 2022.
Does Warren Buffett own GE stock?
Fortunately for Buffett, he did not buy common shares of GE stock. Instead, he bought preferred shares, which paid an annual dividend yield of 10%. Those shares were also convertible, meaning Buffett could choose to convert them to common shares.
What was the price of GE stock in 2009?
GE Long-Term Chart (1990 – 2020) A pullback into 2008 accelerated into a full-blown panic, dropping the stock more than 85% into the 2009 low at $5.51.
How many times has GE stock split?
Not at all. You can't compare GE's stock price in 1892 with its stock price today because GE stock has split nine times.
How much is GE stock in 2021?
What is General Electric?
General Electric (GE) has the following price history information. Looking back at GE historical stock prices for the last five trading days, on July 15, 2021, GE opened at $12.69, traded as high as $12.92 and as low as $12.57, and closed at $12.76. Trading volume was a total of 51.39M shares.
2 GE 10 Years Stock Chart
General Electric is a technology industrial company. Co.'s segments include: Power, which serves power generation, industrial, government and other customers with products and services related to energy production; Renewable Energy, which provides wind, blades, hydro, storage, solar and grid solutions, hybrid renewables, ...
3 General Electric Company (GE) Stock Chart 5 Years (Recent History)
Note: Long term investors give importance to long term charts (typically covering decades). The 10-year timeframe is a popular range of analysis used by value investors.
4 GE Stock 3-Year Chart
Note: Generally, an investing duration of around 5 years can be considered medium-term. Such investors would be naturally interested in knowing the performance data of a stock for the past 5 years. This data along with many other metrics will help them analyze the returns for the next 5 years.
5 GE Stock 1-Year Chart
Now let us see the 3-year historical chart of GE. This chart will help both short and medium-term investors in their analysis.
6 General Electric Company (GE) Stock 6 Months Chart
Most recent performances get captured in short-term charts. Now let us see the 1-year price chart of General Electric Company (GE). The duration of the plot is between 2021-02-11 and 2022-02-11.
Conclusion
Now we have entered the final section of this report. We are going to see a 6-month historical graph of GE.
Want to become a smart investor?
Pictures speak better than words. Hopefully, the bunch of General Electric Company (GE) historical charts you just witnessed will help you analyze deep before and during investing.
How much cash did GE generate in 2001?
Netcials reports section helps you with deep insights into the performance of various assets over the years. We are constantly upgrading and updating our reports section. Feel free to access them. Do not forget to leave your feedback.
How did 2001 affect GE?
Financial Strength and Controllership... GE generated over $17 billion of cash in 2001. This helped us maintain a return on average total capital of 27%, a staggering performance in this economy. We have a leadership team that recognizes the importance of earnings quality and cash management. We have more than 450 internal auditors who drive the sharing of best practices and a spirit of Controllership. And our cash management gives us the ability to be a “buyer” during periods of crisis and reduced equity values.
What is the evil variance of GE?
Financial Timesfor the fourth time. 2001was a challenging but successful year for our Company. We were tested by one of the most brutal global economies in decades, as well as by the impact of the tragedy of September 11. But the GE business model works. Our people responded remarkably to these challenges, allowing GE’s earnings to outperform the S&P 500 by the widest margin in 25 years. We have much to be proud of. Earnings grew 11% to $14.1b illion – a record. Earnings per share also increased 11% while average earnings for the S&P 500 declined by more than 20%. Revenues were $125.9 b illion, down 3% on a reported basis over 2000 but up 4% on a comparable basis. Industrial revenues grew 6%. Cash from operating activities grew to $17 .2 billion, up 12% from 2000. Excluding progress collections, cash was $13.8 billion, up 13% from 2000. Operating margin expanded to 19.6% from the previous year’s comparable 18.9%; return on average total capital remained at 27%. Our stock price was down 16%, slightly more than the S&P 500. Clearly, this was a disappointment. However, investors who have held our stock for five years, including 2001, have received an average 21% total annual return on investment. Those who recognize that GE is managed for the long term, and have held the stock for a decade, have received an average 23% total annual return. We increased our dividend 13% in December, our 26th consecutive annual increase and 10th consecutive double-digit increase. We saw the lower stock price as a clear buying opportunity and repurchased $3.1 billion of our own stock. Overall, $9.5 billion was returned to our share owners. We announced acquisitions in 2001tota ling nearly $23 billion. GE Capital had a record year, building even stronger positions in mid- market financing and real estate. We added new platforms in Power, Medical and Industrial Systems. The Telemundo acquisition by NBC will extend our reach in the fast-growing Spanish-language segment in the United States. We have great leaders in this Company, and they made for a seamless transition to the new management team. We had nearly 175 promotions among the top 575 leaders, providing evidence of the endless opportunities that make the best people join – and stay with – GE. More than 40% of the new officer appointments were women, minorities and from outside the U.S., as the face of GE continues to change. The Company responded immediately to the September 11tragedy. The GE family gave $25 million of aid in cash and services. The GE Fund contributed $10 million to the Twin Towers Fund, and 20,000 GE employees gave $2.5 million to the Red Cross, which was matched by the GE Fund.
How has digitalization made GE faster?
You have heard us talk about span,the “evil” variance our customers feel in our response to their requests for delivery, service or financing. Reducing span remains one of GE’s key goals. Our Appliances business has reduced span by 70%, allowing us to meet the most rigorous standards for rapid home delivery. At Power Systems, as a result of Six Sigma process improvements, we have achieved a significant reduction in span on plant start-ups – saving time and money for our customers. We want to focus our initiatives on customer profitability . This starts with a sales force that is trained to take Six Sigma to the customer. It is backed with technology: Six Sigma-designed products to improve customer effectiveness or digitized Web applications to automate customer workflow. Our customers feel the difference. We have more than 3,000 Six Sigma projects underway in the airline industry – 1,500 since September 11– which w ill achieve $400 m illion in savings for these customers who are contending with crisis and change. This service to our customers will improve our long-term relationships as this key industry rebounds.
What makes GE different from other companies?
Digital Cockpits... Digitization has made GE faster and allows us to constantly measure what we do. Metrics – especially those 10 to 15 critical measurements that leaders need to run their businesses – are now online, real-time and shared by all. Digital cockpits have had a profound impact on Plastics, a complex business with customers and factories around the world. Our leadership team reviews 15 key operating metrics daily, using a globally consistent standard. Cockpits contributed two points to productivity at Plastics in 2001.* If we were “just” an appliance or power systems or equipment finance company, we wouldhave periodic down earnings years as those businesses go through their inevitable cycles. But instead, we have a diversified mix of leading industrial and financial businesses that together have demonstrated the ability to grow through cycle after cycle.
What is GE technical superiority?
We know that culture, business practices and values make GE different. We have leading-edge technology and we participate in multiple industries. We use our resources and our diversity to create value for investors.
How did initiatives impact the economy in 2001?
Broader and Deeper Product Superiority... Technical superiority is the Edisonian heritage of GE that we will never forsake – in any business. The proud history of this Company, and the key to its bright future, is the uninterrupted stream of innovative, technically advanced products and services – from the “F” and “H” turbines, to DiscoveryTM
What happened to the market in 2001?
Globalization, for instance, is saving about $250 million a year through sourcing technical content and talent from around the world. Services continued to grow, increasing by 13%, an important factor for businesses like Transportation Systems, which grew revenues in 2001despite shipping 20% fewer locomotives. A robust service business is a shock absorber when moving through business cycles. Six Sigma continues to bring us closer to the customer while growing our own productivity. In 2001, we completed more than 6,000 Six Sigma projects “At the Customer, For the Customer,” meaning we literally took Six Sigma to our customers, working on very specific projects with them at their sites. Digitization – our newest initiative – is gaining enormous momentum. We generated $1.9 billion of incremental cost savings through what we call “e-Make” and “e-Buy.” Initiatives give a company momentum, even on a rainy day. This was the case in 2001. Moreover, all our initiatives add revenues, subtract costs and add value for customers.
How much did the Dow Jones Industrial Average drop in 2000?
Barring a ferocious rally, the major market indexes will drop for a second straight year in 2001 -- a year when corporations saw their worst profit performance in a decade, a record-long economic expansion ended, and terrorists attacked the nation's financial center.
What is Kerschner's forecast for 2002?
This year, the losses spread beyond technology stocks. After falling 6.2 percent in 2000, the Dow Jones industrial average was down 9.4 percent this year through Friday.
What is the biggest fixed income fund?
He expects earnings among S&P 500 companies to jump 13.3 percent in 2002.
How many points did the Dow drop on Sept 11?
But while stocks fell this year, bonds had another good run. The largest fixed-income fund, Pimco's Total Return Bond Fund, rose 8.1 percent this year through Thursday.
What sectors fell during the record-long economic expansion?
And then came Sept. 11. The Dow industrials fell more than 1,300 points in the first week after the markets reopened following the terror attacks, its worst week since the Great Depression.
When did the stock market extend to second year?
But most sectors, from autos to airlines, health care to energy, fell during a period when the record-long economic expansion came to an end. The economy shrank 1.1 percent in the third quarter, its worst performance since the first quarter of 1991.
