GE second quarter ’13 supplemental information • • • • • • • • • • • • • GE Capital segment results GE Capital segment assets GE Capital non-earnings/write-offs GECC funding GECC leverage ratio GECC tier 1 common ratio estimate GE Capital ending net investment GE Capital reserves Effective tax rate GE (ex. GECC) Operating earnings & EPS GE Industrial segment organic revenue growth GE Industrial segment organic revenue growth (ex. Power & Water) Industrial CFOA from continuing operations GE Capital segment results ($ in millions – net earnings) 2Q’13 2Q’12 V% $825 $628 31% Consumer 828 907 (9) Real Estate 435 221 97 GECAS 304 308 (1) 60 122 (51) (530) (64) U $1,922 $2,122 (9)% CLL EFS GECC Corporate GE Capital 2 GE Capital segment assets ($ in billions) 2Q’13 2Q’12 V% $173.5 $184.2 (6)% Consumer 135.9 134.9 1 Real Estate 41.6 57.9 (28) GECAS 48.3 49.9 (3) EFS 18.4 19.6 (6) 101.6 109.7 (8) $519.3 $556.2 (7)% CLL GECC Corporate GE Capital 3 GE Capital non-earnings/write-offs ($ in millions) Non-earning assets/non-earnings % fin. rec. CLL Real Estate GECAS EFS Consumer GECC Corporate GE Capital Total write-offs/write-offs % fin. rec. 2Q’13 1Q’13 2Q’12 $2,367 2.03% $2,702 2.28% $3,370 2.72% 419 2.14 456 2.31 630 2.27 Real Estate - - 56 0.46 4 0.09 - 2 0.04 3,780 3.41 3,979 3.63 4,144 3.78 6 1.41 13 2.85 22 3.75 $6,576 2.51% $7,150 2.71% $8,224 2.95% 2Q’13 CLL $298 1.01% 1Q’13 $199 0.66% 2Q’12 $183 0.58% 34 0.69 29 0.57 146 1.97 GECAS - - 11 0.37 EFS - - 24 1.84 775 2.81 789 2.81 787 2.85 - 1 0.85 10 6.31 $1,018 1.51% $1,161 1.64% Consumer GECC Corporate GE Capital $1,107 1.68% 4 GECC funding ($ in billions) Debt composition-a) Non-recourse Securitization LT debt - TLGP LT debt non-guaranteed $418 Unsecured term issuances $32 31 17 $397 30 $376-b) 261 253 237 30 $28 $27 '11 '12 '13YTD • Completed $28B of LT debt issuance in 10 currencies … including ~$5 in 3Q Deposits/CDs Alternative funding/other Comm’l. paper Bank lines CP coverage Cash & equiv. LT debt <1yr. 42 24 43 46 25 43 49 24 36 • Liquidity in the global CP markets continues to be strong 2Q'12 4Q'12 2Q'13 • Deposits/CDs and other alternative funding ~19% of total debt, securitization ~8% $49 100%+ $66 $67 $48 100%+ $62 $44 $48 100%+ $70 $32 • Liquidity position remains strong (a - Continuing operations (b - Includes ~$(2.1)B YTD FX impact and ~$(4.3)B YTD FAS 133 5 GECC leverage ratio –a) ($ in billions) As reported Debt Equity–b) Leverage ratio Debt Less: hybrid debt Less: cash & equiv. Adjusted debt Equity–b) Add: hybrid debt Adjusted equity Adjusted leverage ratio 2Q’13 1Q’13 2Q’12 $375.6 84.2 $385.6 83.9 $418.2 79.8 4.5 4.6 5.2 375.6 (7.7) (69.6) 298.3 385.6 (7.7) (67.8) 310.1 418.2 (7.7) (66.5) 344.0 84.2 7.7 91.9 83.9 7.7 91.6 79.8 7.7 87.5 3.2 3.4 3.9 (a - Includes discontinued operations for all periods (b - Total equity ex. non-controlling interests 6 GECC tier 1 common ratio estimate -a), -b) ($ in billions) As reported Shareowners’ equity-c) 2Q’13 1Q’13 4Q’12 3Q’12 2Q’12 $84.2 $83.9 $81.9 $81.3 $79.8 (5.0) (28.0) 0.3 (0.7) (4.0) (28.2) (0.1) (0.7) (4.0) (28.6) 0.1 (0.8) (4.0) (28.7) 0.4 (0.6) (2.3) (28.5) 0.5 (0.7) 50.8 50.9 48.6 48.4 48.8 454.4 458.9 476.8 476.7 482.7 11.2% 11.1% 10.2% 10.2% 10.1% Tangible Common Equity/Tangible Assets 10.4% 10.3% 9.7% 9.1% 9.3% - Preferred equity - Intang. & GW - Unr. G/(L) on invt. & hdg. - Other additions/(deductions) Tier 1 common Estimated risk weighted assets Tier 1 common ratio (a - Includes discontinued operations for all periods (b - Based on Basel One RWA estimates (c - Total equity ex. non-controlling interests 7 GE Capital ending net investment ($ in billions) 2Q’13 1Q’13 4Q’12 3Q’12 2Q’12 $521.1 $529.5 $539.3 $561.7 $558.9 (1.8) (1.9) (2.3) (2.4) (2.7) Less: non-interest bearing liabilities & others (58.6) (57.8) (57.6) (57.5) (58.4) GE Capital ENI 460.7 469.8 479.4 501.8 497.8 Less: cash & equivalents (69.5) (67.7) (61.9) (77.7) (66.3) $391.2 $402.1 $417.5 $424.1 $431.5 GECC total assets Less: assets of discontinued operations GE Capital ENI (ex. cash) 8 GE Capital reserves ($ in billions) Allowances for losses Commercial Consumer Coverage: Reserves Non-earnings $5.4 $5.3 1.3 1.1 4.1 4.2 2Q'12 1Q'13 2Q'13 1.86% 63% 2.03% 75% 2.02% 80% $5.2 2.1 3.1 9 Effective tax rate GE (ex. GECC) ($ in millions) GE earnings from continuing operations before income taxes Less GECC earnings from continuing ops. attributable to the company Adjusted earnings from continuing ops. before income taxes GE (ex. GECC) provision for income taxes – continuing ops. Effective tax rate GE (ex. GECC) 2Q’13 $3,701 2Q’13 YTD $7,734 2Q’12 $4,069 2Q’12 YTD $7,776 1,922 3,849 2,122 3,894 $1,779 $3,885 $1,947 $3,882 $297 $721 $392 $842 17% 19% 20% 22% 10 Operating earnings & EPS ($ in millions except earnings per share) Earnings from continuing operations attributable to GE Adjustment (net of tax): non-operating pension costs/(income) Operating earnings 2Q’13 2Q’12 V% $3,255 $3,658 (11)% 1Q’13 ’13YTD $3,636 $6,891 423 853 430 352 $3,685 $4,010 (8)% $4,059 $7,744 $0.31 $0.34 (9)% $0.35 $0.66 .04 .03 .04 .08 $0.36 $0.38 $0.39 $0.75 Earnings per share – diluted -a) Continuing earnings per share Adjustment (net of tax): non-operating pension costs/(income) Operating earnings per share (5)% (a - Earnings per share amounts are computed independently. As a result, the sum of per share amounts may not equal the total 11 GE Industrial segment organic revenue growth ($ in millions) Industrial segment revenue Less the effects of: Acquisitions, business dispositions (other than dispositions of businesses acquired for investment) & currency exchange rates Industrial segment revenues excluding the effects of acquisitions, business dispositions (other than dispositions of businesses acquired for investment), currency exchange rates 2Q’13 2Q’12 V% $25,168 $25,368 (1)% 121 154 $25,047 $25,214 (1)% 12 GE Industrial segment organic revenue growth (ex. Power & Water) ($ in millions) Industrial segment revenue Less Power & Water Industrial segment revenues (ex. Power & Water) Less the effects of: Acquisitions, business dispositions (other than dispositions of businesses acquired for investment) & currency exchange rates Industrial segment revenues excluding the effects of acquisitions, business dispositions (other than dispositions of businesses acquired for investment), currency exchange rates 2Q’13 2Q’12 V% $25,168 $25,368 (1)% 5,715 6,900 19,453 18,468 130 105 $19,323 $18,363 +5% 13 Industrial CFOA from continuing operations ($ in millions) Cash from GE’s operating activities as reported Less GECC dividends Cash from GE’s operating activities excluding dividends from GECC (Industrial CFOA) Less the effects of NBC related taxes Less the effect of pension contributions Industrial CFOA excluding NBC related taxes and pension contributions 2Q’13 2Q’12 V% ’13YTD ’12YTD V% $3,497 $4,730 (26)% $3,697 $6,789 (46)% 1,947 3,000 1,947 3,000 $1,550 $1,730 $1,750 $3,789 1,565 – 1,565 – – 216 – 216 $3,115 $1,946 $3,315 $4,005 (10)% 60% (54)% (17)% 14 Note: Cash from GE’s operating activities less the effects of NBC related taxes for 2Q’13 is $3,497 + 1,565 = $5,062 and for ’13YTD is $3,697 + 1,565 = $5,262