GE fourth quarter ’10 supplemental information • • • • • • • • • • • • • • GE Capital segment results GE Capital segment assets GE Capital non-earnings/write-offs GECS funding Debt/equity ratio – GECC & GECS Tier 1 Common ratio estimate – GECC & GECS GE Capital Ending Net Investment GE Capital non-earnings exposure Industrial CFOA from continuing operations Effective tax rate GE (ex. GECS) Segment operating profit margin ’10 NBCU performance ex. Olympics & transition costs GE Industrial organic revenue growth – continuing operations Operating earnings per share GE Capital segment results ($ in millions – net earnings) 4Q’10 4Q’09 V% CLL $567 $352 61 Real Estate (409 ) (593 ) 31 Consumer 574 225 F GECAS 432 283 53 33 31 6 (141) (199) 29 $1,056 $99 F EFS Corporate & elims. GE Capital Preliminary 2010 fourth quarter results/2 GE Capital segment assets ($ in billions) 4Q’10 4Q’09 $202.7 $210.7 Real Estate 72.6 81.5 (11) Consumer 154.5 160.5 (4) GECAS 49.1 48.2 2 EFS 19.5 22.6 (14) Corporate & elims. 77.5 84.2 (8) $575.9 $607.7 CLL GE Capital V% (4)% (5)% Preliminary 2010 fourth quarter results/3 GE Capital non-earnings/write-offs ($ in millions) Non-earning assets/non-earnings % fin. rec. 4Q’10 3Q’10 4Q’09 $4,226 3.05% $4,308 3.04% $5,196 3.58% 1,347 3.35 1,425 3.35 1,252 2.79 GECAS – 0.00 – 0.00 EFS 62 0.88 CLL Real Estate Consumer Corporate & elims. GE Capital Total write-offs/write-offs % fin. rec. 4Q’10 CLL $442 1.26% 3Q’10 $254 0.71% 4Q’09 $505 1.36% Real Estate 365 3.53 222 2.05 72 0.64 153 1.15 GECAS – 0.00 7 0.23 16 0.48 163 2.24 78 1.01 EFS 72 4.03 – 0.00 67 3.30 5,829 4.59 6,014 4.81 6,248 5.15 1,346 4.27 1,275 4.12 1,221 3.98 102 5.70 90 4.32 72 2.74 6 1.24 0.00 0.03 2 0.34 $2,231 2.71% $1,758 2.12% $1,882 2.21% $11,566 3.53% $12,001 3.63% $12,999 3.88% Consumer Corporate & elims. GE Capital Preliminary 2010 fourth quarter results/4 GECS funding ($ in billions) Debt composition–a) Non-recourse Securitization LT debt - TLGP $494 4 59 $480 30 55 Unsecured term issuances $471-b) 30 53 $84 13 $70 $25 LT debt nonguaranteed Alternative funding/others -c) Comm’l paper Bank lines CP coverage Cash & equiv. LT debt<1 yr. 325 293 284 '08 '09 '10 ‘10 Highlights 59 47 61 62 41 42 4Q'09 3Q'10 4Q'10 $52 100%+ $63 $70 $52 100%+ $64 $63 $52 100%+ $60 $66 • Issued ~$25B LT debt in ’10 in 9 currencies… 42% in non-US currencies • $49B ENI reduction YTD helped debt reduction, offset by FAS 167 consolidation • Liquidity position remains strong (a- Continuing operations (b- Includes ~$(5) YTD FX impact, partially offset by ~$3B YTD FAS 133 (c- Includes GE-GECS inter-company loan Preliminary 2010 fourth quarter results/5 Debt/equity ratio –a) ($ in billions) As reported Debt Shareowner’s equity–b) Book leverage (debt/equity) Debt Subtract: hybrids from debt Subtract: cash & equiv. from debt Adjusted book debt Shareowner’s equity–b) Add: hybrids to equity Adjusted book equity Adjusted leverage GECC GECS 4Q’09 3Q’10 4Q’10 4Q’09 3Q’10 4Q’10 $497.5 73.7 $481.4 70.5 $465.4 72.9 $500.3 70.8 $486.5 66.9 $470.6 69.0 6.7 6.8 6.4 7.1 7.3 6.8 497.5 (7.7 ) (63.7 ) 426.1 481.4 (7.7 ) (65.4 ) 408.3 465.4 (7.7 ) (59.6 ) 398.1 500.3 (7.7 ) (64.4 ) 428.2 486.5 (7.7 ) (66.0 ) 412.8 470.6 (7.7 ) (60.3 ) 402.6 73.7 7.7 81.4 70.5 7.7 78.2 72.9 7.7 80.6 70.8 7.7 78.5 66.9 7.7 74.6 69.0 7.7 76.7 5.2 5.2 4.9 5.5 5.5 5.2 (a- Includes discontinued operations for all periods (b- Total equity ex. noncontrolling interests Preliminary 2010 fourth quarter results/6 Tier 1 common ratio estimate –a), -b) ($ in billions) GECC GECS 4Q’09 3Q’10 4Q’10 4Q’09 3Q’10 4Q’10 $73.7 $70.5 $72.9 $70.8 $66.9 $69.0 Shareowner’s equity–c) - Intang. & GW - Unr. G/(L) on invt. & hdg. - Other additions/(deductions) 73.7 (32.0 ) 2.5 (1.1 ) 70.5 (30.1 ) 2.2 (0.5 ) 72.9 (29.5 ) 1.7 (0.8 ) 70.8 (32.4 ) 2.2 (1.1 ) 66.9 (30.1 ) 2.1 (0.5 ) 69.0 (29.5) 1.9 (0.8) Tier 1 common 43.1 42.0 44.3 39.5 38.4 40.7 569.1 510.0 497.7 602.1 527.8 523.5 As reported Shareowner’s equity–c) Estimated risk weighted assets Tier 1 common ratio 7.6% 8.2% 8.9% 6.6% 7.3% 7.8% (a- Includes discontinued operations for all periods (b- Estimated based on SCAP requirements (c- Total equity ex. noncontrolling interests Preliminary 2010 fourth quarter results/7 GE Capital ending net investment ($ in billions) 4Q’09 1/1/10 1Q’10 2Q’10 3Q’10 4Q’10 GECC assets (cont. ops.) $607.7 $638.5 Subtract: non-debt liabilities 47.8 50.3 $603.9 41.5 $574.8 39.3 $581.9 39.4 $575.9 38.9 GECC ENI Subtract: cash & equivalents GE Capital ENI (ex. cash) 559.9 588.2 562.4 535.5 542.5 537.0 61.9 61.9 57.9 59.4 63.7 59.6 $498.0 $526.3 $504.5 $476.1 $478.8 $477.4 Preliminary 2010 fourth quarter results/8 GE Capital non-earnings exposure ($ in billions) Commercial Consumer 3Q’10 coverage $5.6 (0.3) (0.9) 260% $5.8 (2.0) 238% coverage (1.4) 3.8 $3.5 (1.5) (1.5) 184% coverage 3Q’10 coverage 308% (1.9) $3.7 nonmortgage reserves 259% coverage 1.5 $0.8 (0.1) Other Est. loss 4Q’10 Interbanca Collateral Workout 4Q’10 NPL 100% full recovery collateral exposure reserves nonrecovery earnings Non- Mortgage 4Q’10 nonnon- mortgage earnings earnings Cure Est. collateral value Est. MI 0.3 Est. loss exposure 4Q’10 reserves Preliminary 2010 fourth quarter results/9 Industrial CFOA from continuing operations ($ in millions) Cash from GE’s operating activities as reported Less GECS dividends Cash from GE’s operating activities excluding dividends from GECS (Industrial CFOA) 4Q’10 4Q’10 YTD 4Q’09 YTD $4,604 $14,746 $16,405 – – – $4,604 $14,746 $16,405 YTD V% (10)% (10)% Preliminary 2010 fourth quarter results/10 Effective tax rate GE (ex. GECS) ($ in millions) 3Q’10 YTD 4Q’10 TY’10 $11,487 $3,679 $15,166 Less GECS earnings from continuing ops. attributable to the company 2,094 1,036 3,130 Adjusted earnings from continuing ops. before income taxes $9,393 $2,643 $12,036 GE (ex. GECS) provision for income taxes – continuing ops. $2,479 $(455) $2,024 GE earnings from continuing operations before income taxes Effective tax rate GE (ex. GECS) 26.4% (17.2)% 16.8% Preliminary 2010 fourth quarter results/11 Segment operating profit margin ($ in millions) As reported Energy Infrastructure Technology Infrastructure Home & Bus. Solutions Industrial ex. Media NBCU Total Industrial Revenues 4Q’10 Op. profit Op. profit % Revenues 4Q’09 Op. Op. profit profit % $10,960 $2,224 $11,338 $2,275 10,930 1,883 10,051 1,695 2,333 139 2,214 131 $24,223 $4,246 $23,603 $4,101 4,762 830 4,268 602 $28,985 $5,076 $27,871 $4,703 17.5% 17.5% V pts. 17.4% 0.1 pts. 16.9% 0.6 pts. Preliminary 2010 fourth quarter results/12 ’10 NBCU performance ex. Olympics & transition costs ($ in thousands) 2010 2009 V% Segment profit $2,261 $2,264 (0)% Less effects of: Olympics (193) (8) Transition costs Segment profit (ex. Olympics & transition costs) (35) $2,489 $2,272 10% Preliminary 2010 fourth quarter results/13 GE Industrial organic revenue growth – continuing operations ($ in millions) GE revenue as reported Less GECS earnings from continuing operations Industrial revenue Less the effects of: Acquisitions, business dispositions (other than dispositions of businesses acquired for investment) & currency exchange rates Industrial revenues excluding the effects of acquisitions, business dispositions (other than dispositions of businesses acquired for investment), currency exchange rates 4Q’10 4Q’09 V% $30,133 $28,515 1,036 73 $29,097 $28,442 (384 ) 680 $29,481 $27,762 6% Preliminary 2010 fourth quarter results/14 Operating earnings per share ($ per share) Total year 2010 Earnings per share from continuing operations Less the effects of excluding non-operating pension costs Operating earnings per share $1.15 0.02 $1.13 Preliminary 2010 fourth quarter results/15