GE third quarter ’11 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 reserves Industrial CFOA from continuing operations Effective tax rate GE (ex. GECS) GE Industrial organic revenue growth – continuing operations Total revenues excluding NBCU impact Industrial sales excluding NBCU impact 2010 EPS: continuing & operating Operating earnings & EPS GE Capital segment results ($ in millions – net earnings) 3Q’11 3Q’10 V% $688 $443 55% Real Estate (82 ) (405 ) F Consumer 737 773 (5) GECAS 208 158 32 79 55 44 (163) (206 ) 21 CLL EFS Corporate & elims. GE Capital $1,467 $818 79% Preliminary 2011 third quarter results 2 GE Capital segment assets ($ in billions) 3Q’11 3Q’10 $195.3 $203.6 Real Estate 64.4 75.2 (14) Consumer 141.1 146.1 (3) GECAS 48.6 48.7 – EFS 18.2 19.8 (8) 103.7 80.9 28 $571.3 $574.4 CLL Corporate & elims. GE Capital V% (4)% (1)% Preliminary 2011 third quarter results 3 GE Capital non-earnings/write-offs ($ in millions) Non-earning assets/non-earnings % fin. rec. 3Q’11 2Q’11 3Q’10 $3,299 2.53% $3,488 2.65% $4,308 3.04% 1,028 2.99 1,003 2.72 1,425 3.35 GECAS 62 0.52 64 0.53 EFS 135 2.26 CLL Real Estate Consumer Corporate & elims. GE Capital Total write-offs/write-offs % fin. rec. 3Q’11 CLL $264 0.80% 2Q’11 $273 0.82% 3Q’10 $254 0.71% Real Estate 187 2.10 117 1.24 222 2.05 – 0.00 GECAS 0 0.01 3 0.08 7 0.23 136 2.21 163 2.24 EFS (2) (0.10) (7) (0.42) 0 0.00 5,276 4.54 5,431 4.54 5,948 5.05 Consumer 834 2.83 983 3.32 1,259 4.33 71 5.13 88 5.83 90 4.32 Corporate & elims. 13 3.51 8 2.02 0 0.03 $1,296 1.71% $1,377 1.78% $1,742 2.15% $9,871 3.29% $10,209 3.32% $11,935 3.69% GE Capital Preliminary 2011 third quarter results 4 GECS funding ($ in billions) Debt composition –a) Non-recourse securitization LT debt - TLGP $480 30 59 $471 30 53 Unsecured term issuances $457-b) $70 29 45 '09 LT debt nonguaranteed Alternative funding/others Comm’l. paper Bank lines CP coverage Cash & equiv. LT debt<1 yr. 289 284 276 61 41 62 66 42 41 3Q'10 4Q'10 3Q'11 $52 100%+ $66 $63 $52 100%+ $60 $66 $54 100%+ $83 $76 $25 $24 '10 '11 YTD • Completed $24B of LT debt issuance YTD in 10 currencies (including $3B in 4Q) • Liquidity in the global CP markets continues to be strong … ~3% market share • Alternative funding ~14% of total debt, securitization ~6% • Liquidity position remains strong (a- Continuing operations (b- Includes ~$7B YTD FX impact and ~$5B YTD FAS 133 Preliminary 2011 third quarter results 5 Debt/equity ratio –a) ($ 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 3Q’10 2Q’11 3Q’11 3Q’10 2Q’11 3Q’11 $481.4 70.5 $458.1 78.8 $453.2 79.1 $486.5 66.9 $463.2 75.1 $458.4 76.0 6.8 5.8 5.7 7.3 6.2 6.0 481.4 (7.7 ) (65.4 ) 408.3 458.1 (7.7 ) (77.4 ) 372.9 453.2 (7.7) (82.7) 362.8 486.5 (7.7 ) (66.0 ) 412.7 463.2 (7.7 ) (78.1) 377.4 458.4 (7.7) (83.6) 367.1 70.5 7.7 78.2 78.8 7.7 86.6 79.1 7.7 86.8 66.9 7.7 79.6 75.1 7.7 82.8 76.0 7.7 83.7 5.2 4.3 4.2 5.5 4.6 4.4 (a- Includes discontinued operations for all periods (b- Total equity ex. noncontrolling interests Preliminary 2011 third quarter results 6 Tier 1 common ratio estimate –a), -b) ($ in billions) GECC GECS 3Q’10 2Q’11 3Q’11 3Q’10 2Q’11 3Q’11 $70.5 $78.8 $79.1 $66.9 $75.1 $76.0 Shareowner’s equity–c) - Intang. & GW - Unr. G/(L) on invt. & hdg. - Other additions/(deductions) 70.5 (30.1 ) 2.2 (0.5 ) 78.8 (30.0 ) 2.0 (0.6 ) 79.1 (29.4) 2.4 (0.6 ) 66.9 (30.1 ) 2.1 (0.5 ) 75.1 (30.0 ) 2.0 (0.7 ) 76.0 (29.4) 1.8 (0.7) Tier 1 common 42.0 50.2 51.4 38.3 46.3 47.6 510.0 480.9 468.7 527.8 507.5 496.1 As reported Shareowner’s equity–c) Estimated risk weighted assets Tier 1 common ratio 8.2% 10.4% 11.0% 7.3% 9.1% 9.6% (a- Includes discontinued operations for all periods (b- Based on Basel One RWA estimates (c- Total equity ex. noncontrolling interests Preliminary 2011 third quarter results 7 GE Capital ending net investment ($ in billions) GECC assets (cont. ops.) Subtract: non-debt liabilities GE Capital ENI Subtract: cash & equivalents GE Capital ENI (ex. cash) GECC disc. ops. ENI (ex. cash) GECC ENI (ex. cash) 1/1/09 3Q’10 2Q’11 3Q’11 $612.1 59.7 $574.4 39.2 $570.7 36.1 $571.3 36.8 552.5 535.2 534.6 534.5 36.6 63.6 77.3 82.4 $515.8 $471.6 $457.3 $452.1 $21.4 $0.1 $537.2 $452.2 Preliminary 2011 third quarter results 8 GE Capital reserves ($ in billions) Allowances for losses Commercial Consumer Coverage: Reserves Non-earnings $8.9 $7.1 $6.7 3.1 2.8 4.0 3.9 3Q'10 2Q'11 3Q'11 2.75% 74% 2.29% 69% 2.22% 68% 4.0 4.9 Environment continues to improve Preliminary 2011 third quarter results 9 Industrial CFOA from continuing operations ($ 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) 3Q’11 YTD 3Q’10 YTD $6,544 $10,142 – – $6,544 $10,142 YTD V% (35)% (35)% Preliminary 2011 third quarter results 10 Effective tax rate GE (ex. GECS) ($ in millions) 3Q’11 3Q’10 3Q’11 YTD 3Q’10 YTD GE earnings from continuing operations before income taxes $3,604 $3,951 $14,704 $11,409 Less GECS earnings from continuing ops. attributable to the company 1,453 780 4,814 2,016 Adjusted earnings from continuing ops. before income taxes $2,151 $3,171 $9,890 $9,393 $378 $705 $4,437 $2,479 GE (ex. GECS) provision for income taxes – continuing ops. Effective tax rate GE (ex. GECS) 18% 22% 45% 26% Preliminary 2011 third quarter results 11 GE Industrial organic revenue growth – continuing operations ($ in millions) 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 3Q’11 3Q’10 V% $23,851 $23,816 2,476 4,113 $21,375 $19,703 0% 8% Preliminary 2011 third quarter results 12 Total revenues excluding NBCU impact ($ in millions) Total Company revenues as reported Less: NBCU related revenues Company revenues excluding NBCU impact 3Q’11 3Q’10 V% $35,367 $35,373 (0)% 394 4,069 $34,973 $31,304 12% Preliminary 2011 third quarter results 13 Industrial sales excluding NBCU impact ($ in millions) GE sales as reported Less: NBCU related sales Industrial sales excluding NBCU impact 3Q’11 3Q’10 V% $23,230 $23,593 (2)% – 3,957 $23,230 $19,636 18% Preliminary 2011 third quarter results 14 2010 EPS: continuing & operating 2010 total year EPS Transfers to As originally discontinued operations reported Earnings per share from continuing operations Less the effects of excluding non-operating pension costs Operating earnings per share $1.15 $0.01 0.02 $1.13 Recast for discontinued operations $1.14 0.02 $0.01 $1.12 GE Capital Consumer recasts to discontinued operations: Singapore, Australia, New Zealand Preliminary 2011 third quarter results 15 Operating earnings & EPS ($ in millions except earnings per share) Earnings from continuing operations attributable to GE Less: non-operating pension costs/(income), net of tax Operating earnings Earnings per share – diluted–a) Continuing earnings per share Less: non-operating pension costs/(income) after tax Operating earnings per share Less: preferred stock redemption Operating earnings per share excluding the effect of the preferred stock redemption 3Q’11 3Q’10 $3,223 $3,107 172 V% 4% (50 ) $3,395 $3,057 11% $0.22 $0.28 (21)% .02 – $0.24 $0.28 0.08 – $0.31 $0.28 (14)% 11% (a- Earnings-per-share amounts are computed independently. As a result, the sum of per -share amounts may not equal the total Preliminary 2011 third quarter results 16