GE 4Q’14 supplemental information • • • • • • • • • • • • • • • • • • • • • • • • Orders & backlog by segment Equipment orders Equipment/service revenue by segment – 4Q’14 Equipment/service revenue by segment – TY’14 GE Industrial segment organic revenue growth Healthcare organic revenue growth Oil & Gas organic revenue growth Units summary – orders Units summary – sales Regional summary Corporate operating profit (cost) Operating earnings & EPS Industrial operating EPS GE effective tax rate (ex-GECC) GE Industrial CFOA from continuing operations Free cash flow GE Capital segment results GE Capital segment assets GE Capital nonaccrual/net charge-offs GECC funding GECC leverage ratio GECC tier 1 common ratio estimate GE Capital ending net investment GE Capital reserves Imagination at work. Orders & backlog by segment ($ in billions) Power & Water 4Q'14 Orders $9.5 V% (8)% TY'14 Orders $27.9 V% 2% 4Q'14 Backlog $64.8 V% 0% Oil & Gas 4.9 (10) 19.7 - 19.0 1 Energy Management 2.3 (2) 8.4 (5) 5.0 9 Aviation 8.1 15 29.5 8 134.2 7 Healthcare 5.5 1 19.3 - 16.5 2 Transportation 1.9 62 9.6 89 21.3 43 Total $31.5 3% $111.8 7% $260.7 7% 2 Equipment orders ($ in billions) 1Q'14 Power & Water $2.6 V% (3)% 2Q'14 V% 3Q'14 $3.0 (1)% $3.3 V% 8% 4Q'14 V% $5.6 (12)% $14.4 (4)% TY’14 V% Oil & Gas 2.4 (17) 2.5 (9) 2.6 14 2.5 (15) 10.0 (8) Energy Management 1.6 (6) 1.4 (18) 1.5 1 1.6 (5) 6.1 (7) Aviation 2.4 (38) 2.9 (8) 6.8 35 4.4 8 16.5 2 Healthcare 2.3 - 2.8 - 2.7 - 3.4 2 11.3 - Transportation 1.8 F 0.6 40 3.1 F 1.2 F 6.7 F $12.6 (8)% $13.0 (3)% $19.7 31% $18.4 0% $63.7 5% Total Note: Individual amounts are rounded. As a result the sum of the parts presented may not add to the total year. 3 Equipment/service revenue by segment - 4Q’14 ($ in billions) 4Q'14 Equipment Power & Water V% 4Q'14 Services $5.3 37% $4.1 Oil & Gas 2.6 (5) 2.4 Energy Management 1.4 (4) Aviation 3.4 Healthcare V% V% $9.4 22% (6) 5.0 (6) 0.6 4 2.0 (2) 5 3.0 3 6.4 4 3.1 - 2.1 1 5.1 - Transportation 0.9 4 0.7 14 1.6 8 Appliances & Lighting 2.2 5 0.1 2 2.3 5 Industrial segments $18.9 9% $12.9 7% 4Q'14 Total 3% $31.8 6% Note: Individual amounts are rounded. As a result the sum of the parts presented may not add to the total. 4 Equipment/service revenue by segment - TY’14 ($ in billions) TY'14 Equipment V% TY'14 Services TY'14 Total V% $14.7 20% $12.9 3% $27.6 11% 10.0 15 8.6 4 18.7 10 5.3 (3) 2.1 (3) 7.3 (3) Aviation 12.4 12 11.6 7 24.0 9 Healthcare 10.3 1 8.0 - 18.3 1 Transportation 2.9 (8) 2.8 - 5.7 (4) Appliances & Lighting 8.0 1 0.4 1 8.4 1 Power & Water Oil & Gas Energy Management Industrial segments $63.5 8% $46.4 V% 3% $109.9 6% Note: Individual amounts are rounded. As a result the sum of the parts presented may not add to the total. 5 GE Industrial segment organic revenue growth ($ in millions) 4Q'14 4Q'13 V% TY'14 TY'13 V% $31,820 $29,947 6% $109,902 $103,602 6% (417) 446 1,871 2,175 Industrial segment revenues excluding the effects of acquisitions, business dispositions (other than dispositions of businesses acquired for investment), currency exchange rates $32,237 $29,501 $108,031 $101,427 Industrial segment revenue Less the effects of: Acquisitions, business dispositions (other than dispositions of businesses acquired for investment) & currency exchange rates 9% 7% 6 Healthcare organic revenue growth ($ in millions) 4Q'14 Segment revenue Less the effects of: Acquisitions, business dispositions (other than dispositions of businesses acquired for investment) & currency exchange rates Segment revenues excluding the effects of acquisitions, business dispositions (other than dispositions of businesses acquired for investment), currency exchange rates 4Q'13 V% $5,133 $5,117 (50) 85 $5,183 $5,032 0% 3% 7 Oil & Gas organic revenue growth ($ in millions) 4Q'14 Segment revenue 4Q'13 V% $5,010 $5,306 (78) 221 $5,088 $5,085 0% Equipment organic revenues 2,699 2,668 1% Service organic revenues 2,389 2,417 (1)% Less the effects of: Acquisitions, business dispositions (other than dispositions of businesses acquired for investment) & currency exchange rates Segment revenues excluding the effects of acquisitions, business dispositions (other than dispositions of businesses acquired for investment), currency exchange rates (6)% 8 Units summary - orders 4Q'14 4Q'13 V TY'14 TY'13 V Power & Water: Gas Turbines Wind Turbines 41 1,251 65 779 (24) 472 105 3,227 124 2,557 (19) 670 Aviation: CEO engines GEnx engines-a) Military engines Spares rate-b) 1,568 165 63 $35.6 1,406 146 111 $26.0 162 19 (48) $9.6 4,801 200 739 $31.2 5,906 276 813 $25.0 (1,105) (76) (74) $6.2 Transportation: Locomotives 284 70 214 1,812 534 1,278 (a - GEnx engines are a subset of CEO engines (b - Commercial spares rate in millions of dollars per day 9 Units summary – sales 4Q'14 4Q'13 V TY'14 TY'13 V Power & Water: Gas Turbines Wind Turbines 44 1,081 28 875 16 206 108 2,879 81 2,134 27 745 Aviation: CEO engines GEnx engines-a) Military engines Spares rate-b) 658 77 264 $32.7 627 80 239 $26.4 31 (3) 25 $6.3 2,571 287 1,068 $30.2 2,378 180 1,071 $25.2 193 107 (3) $5.0 Transportation: Locomotives 234 171 63 796 631 165 (a - GEnx engines are a subset of CEO engines (b - Commercial spares rate in millions of dollars per day 10 Regional summary ($ in billions) Industrial Orders 4Q'14 Resource Rich-a) Asia-b) V% $10.1 (14)% 3.8 21 TY'14 Industrial Segment Revenues V% 4Q'14 V% TY'14 V% $36.5 12% $9.6 13% $31.4 8% 13.3 2 3.5 4 11.7 4 Growth Regions $13.8 (7)% $49.8 9% $13.1 10% $43.0 7% Developed-c) $17.7 11% $62.0 6% $18.7 4% $66.9 6% Total $31.5 3% $111.8 7% $31.8 6% $109.9 6% (a - Resource Rich: Australia & New Zealand, Canada, Latin America, MENAT, Russia/CIS, & Sub Saharan Africa (b - Asia: ASEAN, China, & India (c - Developed: US, Europe, Japan, & Korea Note: Individual amounts are rounded. As a result the sum of the parts presented may not add to the total. 11 Corporate operating profit (cost) ($ in millions) 4Q'14 NBCU/NBCU LLC 4Q'13 TY'14 TY'13 $- $126 $- $1,528 - 447 91 447 Principal retirement plans-a) (568) (813) (2,313) (3,222) Restructuring and other charges (570) (710) (1,788) (1,992) Other Corporate costs & eliminations (521) (922) (2,215) (2,763) (1,659) (1,872) (6,225) (6,002) (528) (656) (2,120) (2,624) (1,131) (1,216) (4,105) (3,378) (570) (137) (1,697) (17) ($561) ($1,079) ($2,408) ($3,361) Gains (losses) on disposed businesses Total Corporate costs (continuing) Less: Non-operating pension cost Total Corporate (operating) Less: NBCU, restructuring & other, gains Adjusted Total Corporate (operating) (a - includes non-operating pension 12 Operating earnings & EPS ($ in millions except earnings per share) 4Q'14 Earnings from continuing operations attributable to GE Adjustment (net of tax): non-operating pensions costs/(income) Operating earnings 4Q'13 V% 4Q'14 TY'14 4Q'13 TY'13 V% 6% $15,345 $15,177 1% 1,378 1,705 $5,292 $4,991 343 426 $5,635 $5,417 4% $16,723 $16,882 (1)% $0.52 $0.49 6% $1.51 $1.47 3% 0.03 0.04 0.14 0.16 $0.56 $0.53 $1.65 $1.64 Earnings per share - diluted-a) Continuing earnings per share Adjustment (net of tax): non-operating pensions costs/(income) Operating earnings per share 6% 1% (a - Earnings per share amounts are computed independently. As a result, the sum of per share amounts may not equal the total 13 Industrial operating EPS ($ in millions except earnings per share) 4Q'14 Operating earnings 4Q'13 4Q'14 4Q'13 V% TY'14 TY'13 V% $16,723 $16,882 (1)% $5,635 $5,417 4% GE Capital operating earnings 1,891 2,330 (19)% 7,019 7,960 (12)% Industrial operating earnings 3,744 3,087 21% 9,704 8,922 9% GE Capital % operating earnings 34% 43% 42% 47% Industrial % operating earnings 66% 57% 58% 53% $0.56 $0.53 6% $1.65 $1.64 1% GE Capital operating EPS -a) 0.19 0.23 (17)% 0.69 0.77 (10)% Industrial operating EPS -a) 0.37 0.30 23% 0.96 0.87 10% Operating earnings per share (a - Earnings per share amounts are calculated as percent of operating earnings. Earnings per share amounts are computed independently. As a result, the sum of per share amounts may not equal the total. 14 GE effective tax rate (ex-GECC) ($ in millions) 4Q'14 4Q'13 TY'14 TY'13 GE earnings from continuing operations before income taxes $5,884 $5,736 $16,929 $17,090 Less GECC earnings from continuing ops. attributable to the company $2,052 $2,493 $7,341 $8,258 Adjusted earnings from continuing ops. before income taxes $3,832 $3,243 $9,588 $8,832 GE (ex-GECC) provision for income taxes - continuing ops. $491 $602 $1,634 $1,668 13% 19% 17% 19% Effective tax rate GE (ex-GECC) 15 Industrial CFOA from continuing operations ($ in millions) 4Q'14 Cash from GE's operating activities as reported 4Q'13 V% TY'14 TY'13 V% 24% $15,171 $14,255 6% 3,000 5,985 $12,171 $8,270 $7,996 $6,427 779 2,038 $7,217 $4,389 Less the effects of NBC related taxes - 1,168 - 3,184 Less the effect of pension contributions - - - - $7,217 $5,557 $12,171 $11,454 Less GECC dividends Cash from GE's operating activities excluding dividends from GECC (Industrial CFOA) 64% 47% Industrial CFOA excluding NBC related taxes and pension contributions 30% 6% 16 Free cash flow ($ in millions) Cash from GE's operating activities as reported Less additions to property, plant and equipment Free cash flow 4Q'14 4Q'13 TY'14 TY'13 $15,171 $14,255 3,970 3,680 $11,201 $10,575 V% 6% 6% 17 GE Capital segment results ($ in millions – net earnings) 4Q’14 4Q’13 V% CLL $549 $263 F Consumer 1,137 2,057 (45) Real Estate 299 128 F GECAS 218 71 F EFS 111 117 (5) (262) (143) (83) 2,052 2,493 (18) Preferred stock dividends-a) (161) (163) 1 GE Capital segment profit $1,891 $2,330 (19)% GECC Corporate Earnings from continuing ops. (a- Effective in the second quarter of 2014, GE began reporting the GE Capital segment results including the effects of the GECC preferred stock dividends. The cost of these dividends had previously been reported in the GE Corporate Items and Eliminations line in the GE’s Summary of Operating Segments table. Presenting GE Capital segment results including the effects of the GECC preferred stock dividends aligns the way management currently measures the results of the financial services business. Prior-period information has been reclassified to be consistent with how management currently measures GE Capital. 18 GE Capital segment assets ($ in billions) 4Q’14 4Q’13 V% $172.4 $174.4 (1)% Consumer 136.0 132.2 3 Real Estate 34.4 38.7 (11) GECAS 42.6 45.9 (7) EFS 15.5 16.2 (5) GECC Corporate 98.1 107.1 (8) 499.0 514.5 (3)% 1.2 2.3 (47) $500.2 $516.8 (3)% CLL GE Capital segment assets Assets of discontinued operations GECC total assets 19 GE Capital nonaccrual/net charge-offs ($ in millions) Nonaccrual assets/nonaccrual % fin. rec. Total net charge-offs/net charge-offs % fin. rec. 4Q’14 4Q’14 3Q’14 4Q’13 $2,000 1.81% $2,114 1.92% $2,734 2.35% 1,254 6.33 1,628 8.22 2,551 12.82 GECAS 419 5.07 153 1.81 - EFS 68 2.64 57 2.04 4 0.13 1,484 1.47 2,249 2.22 2,620 2.40 - - 6 1.89 $5,225 2.16% $6,201 2.56% $7,915 3.07% CLL Real Estate Consumer GECC Corporate GE Capital CLL $121 0.44% Real Estate 3Q’14 4Q’13 $116 0.42% $185 0.64% (2) (0.04) 19 0.38 28 0.58 GECAS (1) (0.05) 4 0.19 - EFS (4) (0.60) 15 2.15 - 755 2.99 717 2.82 1,227 4.47 - (0) (0.00) - Consumer GECC Corporate GE Capital $869 1.43% $871 1.42% $1,440 2.23% 20 GECC funding ($ in billions) Debt composition –a) Non-recourse Securitization $371 30 $358 30 Unsecured term issuances $32 $350-b) $32 30 $10-f) 234 LT debt 216 207 -c) '12 Deposits/CDs Alternative funding/other Comm’l. paper Bank lines CP coverage Liquidity -e) LT debt <1 yr. 53 61 63 25 29 26 25 25 25 4Q'13 3Q'14 4Q'14 $48 100%+ $75 $39 $44 100%+ $80 $37 $44 100%+ $76 $38 '13 '14 • Completed $10B of LT debt issuance YTD in 5 currencies -d) • Liquidity in the global CP markets continues to be strong • Deposits/CDs and other alternative funding ~25% of total debt, securitization ~9% • Liquidity position remains strong (a - Continuing operations (b - Includes ~$(10.3)B YTD FX impact and ~$3.4B YTD FAS 133 (c - Includes ~$3.6B of unsecured Synchrony issuance (d - Includes ~$8.2B of Synchrony bank borrowings (e - Liquidity includes cash & equivalents and $1.2B of debt obligations of the U.S. Treasury as of 4Q’14 (f - Excludes ~$3.6B of unsecured Synchrony issuance 21 GECC leverage ratio-a) ($ in billions) As reported Debt Equity-b) Leverage ratio Debt Less: Liquidity-c) Adjusted debt Equity-b) Adjusted leverage ratio 4Q’14 3Q’14 4Q’13 $351.9 87.5 $359.3 86.3 $371.4 82.7 4.0 4.2 4.5 351.9 (76.4) 275.5 359.3 (80.1) 279.2 371.4 (75.1) 296.3 87.5 86.3 82.7 3.1 3.2 3.6 (a - Includes discontinued operations and balances recorded as held for sale for all periods (b - Total equity ex-non-controlling interests (c - Liquidity includes cash & equivalents and $1.2B of debt obligations of the U.S. Treasury as of 4Q’14 22 GECC tier 1 common ratio estimate-a) ($ in billions) 4Q’14 3Q’14 2Q’14 1Q’14 4Q’13 As reported Shareowners’ equity-b) $87.5 $86.3 $85.8 $84.6 $82.7 - Preferred equity - Intang. & GW - Unr. G/(L) on invt. & hdg. - Other additions/(deductions) Tier 1 common (4.9) (26.3) (0.3) (0.5) 55.5 (4.9) (27.1) (0.7) (0.7) 52.9 (4.9) (27.6) (0.9) (0.9) 51.5 (4.9) (27.6) (0.6) (0.7) 50.8 (4.9) (27.4) (0.0) (0.3) 50.1 Estimated risk weighted assets-c) 438.1 436.2 439.7 444.4 447.2 Tier 1 common ratio 12.7% 12.1% 11.7% 11.4% 11.2% Tangible Common Equity/Tangible Assets 11.9% 11.3% 11.0% 10.8% 10.3% (a - Includes discontinued operations for all periods (b - Total equity ex-non-controlling interests (c - Based on Basel 1 RWA estimates 23 GE Capital ending net investment ($ in billions) 4Q’14 3Q’14 2Q’14 1Q’14 4Q’13 $500.2 $506.9 $509.6 $510.4 $516.8 (1.2) (1.3) (1.5) (1.4) (2.3) Less: non-interest bearing liabilities & others (60.5) (60.9) (60.5) (60.0) (59.3) GE Capital ENI 438.5 444.7 447.6 449.0 455.2 Less: Liquidity-a) (75.5) (79.9) (76.3) (75.3) (74.9) $363.0 $364.8 $371.3 $373.7 $380.3 GECC total assets Less: assets of discontinued operations GE Capital ENI (ex-Liquidity) (a - Liquidity includes cash & equivalents and $1.2B of debt obligations of the U.S. Treasury as of 4Q’14 24 GE Capital reserves ($ in billions) Allowances for losses $5.2 $5.2 $5.1 Commercial 1.2 1.0 1.1 Consumer 4.0 4.2 4.0 4Q'13 3Q'14 4Q'14 2.01% 65% 2.13% 83% 2.10% 97% Coverage: Reserves Nonaccrual Note: Reserve components are calculated independently. As a result, the sum of the individually displayed amounts may not equal the total. 25