EX-99 2 exhibit99.htm EXHIBIT 99 exhibit99.htm
 
 
 
               
Exhibit 99
GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES
Unaudited Revised Summary Operating Segment Financial Information
 
   
 
2012 
(In millions)
 
First Quarter
   
Second Quarter
   
Third Quarter
                 
Revenues(a)
               
   Power & Water
$
6,551 
 
$
6,900 
 
$
7,196 
   Oil & Gas
 
3,406 
   
3,642 
   
3,645 
   Energy Management
 
1,722 
   
1,877 
   
1,879 
   Aviation
 
4,891 
   
4,855 
   
4,781 
   Healthcare
 
4,300 
   
4,500 
   
4,307 
   Transportation
 
1,270 
   
1,565 
   
1,409 
   Home & Business Solutions
 
1,915 
   
2,029 
   
1,955 
      Total industrial segment revenues
 
24,055 
   
25,368 
   
25,172 
   GE Capital
 
11,442 
   
11,458 
   
11,369 
      Total segment revenues
 
35,497 
   
36,826 
   
36,541 
   Corporate items and eliminations
 
(315)
   
(325)
   
(192)
Consolidated revenues and other income from
               
   continuing operations
$
35,182 
 
$
36,501 
 
$
36,349 
                 
Segment profit(a)
               
   Power & Water
$
1,188 
 
$
1,303 
 
$
1,184 
   Oil & Gas
 
340 
   
466 
   
469 
   Energy Management
 
21 
   
   
42 
   Aviation
 
862 
   
922 
   
924 
   Healthcare
 
585 
   
694 
   
620 
   Transportation
 
232 
   
282 
   
265 
   Home & Business Solutions
 
57 
   
79 
   
60 
      Total industrial segment profit
 
3,285 
   
3,750 
   
3,564 
   GE Capital
 
1,792 
   
2,122 
   
1,679 
      Total segment profit
 
5,077 
   
5,872 
   
5,243 
                 
Corporate items and eliminations
 
(1,061)
   
(1,471)
   
(1,018)
GE interest and other financial charges
 
(315)
   
(351)
   
(294)
GE provision for income taxes
 
(450)
   
(392)
   
(477)
                 
Earnings from continuing operations
               
   attributable to the Company
 
3,251 
   
3,658 
   
3,454 
                 
Earnings (loss) from discontinued operations,
               
   net of taxes, attributable to the Company
 
(217)
   
(553)
   
37 
                 
Consolidated net earnings attributable
               
    to the Company
$
3,034 
 
$
3,105 
 
$
3,491 
                 
                 
(a)  
Segment revenues includes both revenues and other income related to the segment. Segment profit excludes results reported as discontinued operations, earnings attributable to noncontrolling interests of consolidated subsidiaries, GECC preferred stock dividends declared and accounting changes. Segment profit excludes or includes interest and other financial charges and income taxes according to how a particular segment’s management is measured – excluded in determining segment profit, which we sometimes refer to as “operating profit,” for Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation and Home & Business Solutions; included in determining segment profit, which we sometimes refer to as “net earnings,” for GE Capital. Results of our run-off insurance operations previously reported in Corporate items and eliminations are now reported in GE Capital.
 

 
 
 
 


GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES
Unaudited Revised Summary Operating Segment Financial Information
             
               
 
2011 
(In millions)
 
First Quarter
   
Second Quarter
   
Third Quarter
   
Fourth Quarter
   
Total Year
                             
Revenues(a)
                           
   Power & Water
$
6,027 
 
$
5,913 
 
$
6,197 
 
$
7,538 
 
$
25,675 
   Oil & Gas
 
2,540 
   
3,473 
   
3,512 
   
4,083 
   
13,608 
   Energy Management
 
1,316 
   
1,538 
   
1,614 
   
1,954 
   
6,422 
   Aviation
 
4,368 
   
4,732 
   
4,835 
   
4,924 
   
18,859 
   Healthcare
 
4,090 
   
4,498 
   
4,332 
   
5,163 
   
18,083 
   Transportation
 
903 
   
1,231 
   
1,287 
   
1,464 
   
4,885 
   Home & Business Solutions
 
1,807 
   
1,958 
   
1,909 
   
2,019 
   
7,693 
      Total industrial segment revenues
 
21,051 
   
23,343 
   
23,686 
   
27,145 
   
95,225 
   GE Capital
 
13,036 
   
12,440 
   
12,015 
   
11,577 
   
49,068 
      Total segment revenues
 
34,087 
   
35,783 
   
35,701 
   
38,722 
   
144,293 
   Corporate items and eliminations
 
4,242 
   
(160)
   
(337)
   
(750)
   
2,995 
Consolidated revenues and other income from
                           
   continuing operations
$
38,329 
 
$
35,623 
 
$
35,364 
 
$
37,972 
 
$
147,288 
                             
Segment profit(a)
                           
   Power & Water
$
1,137 
 
$
1,135 
 
$
1,088 
 
$
1,661 
 
$
5,021 
   Oil & Gas
 
252 
   
435 
   
406 
   
567 
   
1,660 
   Energy Management
 
(2)
   
12 
   
21 
   
47 
   
78 
   Aviation
 
841 
   
959 
   
862 
   
850 
   
3,512 
   Healthcare
 
531 
   
711 
   
608 
   
953 
   
2,803 
   Transportation
 
157 
   
178 
   
196 
   
226 
   
757 
   Home & Business Solutions
 
62 
   
93 
   
28 
   
54 
   
237 
      Total industrial segment profit
 
2,978 
   
3,523 
   
3,209 
   
4,358 
   
14,068 
   GE Capital
 
1,790 
   
1,615 
   
1,519 
   
1,660 
   
6,584 
      Total segment profit
 
4,768 
   
5,138 
   
4,728 
   
6,018 
   
20,652 
                             
Corporate items and eliminations
 
2,498 
   
(701)
   
(705)
   
(1,379)
   
(287)
GE interest and other financial charges
 
(355)
   
(321)
   
(356)
   
(267)
   
(1,299)
GE provision for income taxes
 
(3,513)
   
(546)
   
(378)
   
(402)
   
(4,839)
                             
Earnings from continuing operations
                           
   attributable to the Company
 
3,398 
   
3,570 
   
3,289 
   
3,970 
   
14,227 
                             
Earnings (loss) from discontinued operations,
                           
   net of taxes, attributable to the Company
 
35 
   
194 
   
(65)
   
(240)
   
(76)
                             
Consolidated net earnings attributable
                           
    to the Company
$
3,433 
 
$
3,764 
 
$
3,224 
 
$
3,730 
 
$
14,151 
                             
                             
(a)  
Segment revenues includes both revenues and other income related to the segment. Segment profit excludes results reported as discontinued operations, earnings attributable to noncontrolling interests of consolidated subsidiaries, GECC preferred stock dividends declared and accounting changes. Segment profit excludes or includes interest and other financial charges and income taxes according to how a particular segment’s management is measured – excluded in determining segment profit, which we sometimes refer to as “operating profit,” for Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation and Home & Business Solutions; included in determining segment profit, which we sometimes refer to as “net earnings,” for GE Capital. Results of our run-off insurance operations previously reported in Corporate items and eliminations are now reported in GE Capital.
 

 
 
 
 


GENERAL ELECTRIC COMPANY AND CONSOLIDATED AFFILIATES
Unaudited Revised Summary Operating Segment Financial Information
 
                 
   
(In millions)
 
2011 
   
2010 
   
2009 
                 
Revenues(a)
               
   Power & Water
$
25,675 
 
$
24,779 
 
$
27,389 
   Oil & Gas
 
13,608 
   
9,433 
   
9,683 
   Energy Management
 
6,422 
   
5,161 
   
5,223 
   Aviation
 
18,859 
   
17,619 
   
18,728 
   Healthcare
 
18,083 
   
16,897 
   
16,015 
   Transportation
 
4,885 
   
3,370 
   
3,827 
   Home & Business Solutions
 
7,693 
   
7,957 
   
7,816 
      Total industrial segment revenues
 
95,225 
   
85,216 
   
88,681 
   GE Capital
 
49,068 
   
49,856 
   
51,776 
      Total segment revenues
 
144,293 
   
135,072 
   
140,457 
   Corporate items and eliminations
 
2,995 
   
14,495 
   
13,939 
Consolidated revenues and other income from
               
   continuing operations
$
147,288 
 
$
149,567 
 
$
154,396 
                 
Segment profit(a)
               
   Power & Water
$
5,021 
 
$
5,804 
 
$
5,592 
   Oil & Gas
 
1,660 
   
1,406 
   
1,440 
   Energy Management
 
78 
   
156 
   
144 
   Aviation
 
3,512 
   
3,304 
   
3,923 
   Healthcare
 
2,803 
   
2,741 
   
2,420 
   Transportation
 
757 
   
315 
   
473 
   Home & Business Solutions
 
237 
   
404 
   
360 
      Total industrial segment profit
 
14,068 
   
14,130 
   
14,352 
   GE Capital
 
6,584 
   
3,120 
   
1,253 
      Total segment profit
 
20,652 
   
17,250 
   
15,605 
                 
Corporate items and eliminations
 
(287)
   
(1,013)
   
(507)
GE interest and other financial charges
 
(1,299)
   
(1,600)
   
(1,478)
GE provision for income taxes
 
(4,839)
   
(2,024)
   
(2,739)
                 
Earnings from continuing operations
               
   attributable to the Company
 
14,227 
   
12,613 
   
10,881 
                 
Earnings (loss) from discontinued operations,
               
   net of taxes, attributable to the Company
 
(76)
   
(969)
   
144 
                 
Consolidated net earnings attributable
               
    to the Company
$
14,151 
 
$
11,644 
 
$
11,025 
                 
                 
(a)  
Segment revenues includes both revenues and other income related to the segment. Segment profit excludes results reported as discontinued operations, earnings attributable to noncontrolling interests of consolidated subsidiaries, GECC preferred stock dividends declared and accounting changes. Segment profit excludes or includes interest and other financial charges and income taxes according to how a particular segment’s management is measured – excluded in determining segment profit, which we sometimes refer to as “operating profit,” for Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation and Home & Business Solutions; included in determining segment profit, which we sometimes refer to as “net earnings,” for GE Capital. Results of our run-off insurance operations previously reported in Corporate items and eliminations are now reported in GE Capital.