GUARANTOR FINANCIAL INFORMATION

GUARANTOR AND NON-GUARANTOR CONDENSED CONSOLIDATING FINANCIAL INFORMATION

On October 26, 2015, GE Capital International Funding Company Unlimited Company, formerly GE Capital International Funding Company (the Issuer), then a finance subsidiary of General Electric Capital Corporation, settled its previously announced private offers to exchange (the Exchange Offers) the Issuer’s new senior unsecured notes for certain outstanding debt securities of General Electric Capital Corporation.

The new notes that were issued were fully and unconditionally, jointly and severally guaranteed by both the Company and GE Capital International Holdings Limited (GECIHL) (each a Guarantor, and together, the Guarantors).

Under the terms of a registration rights agreement entered into in connection with the Exchange Offers, the Issuer and the Company agreed to file a registration statement with the U.S. Securities and Exchange Commission (SEC) for an offer to exchange new senior notes of the Issuer registered with the SEC and guaranteed by the Guarantors for certain of the Issuer’s outstanding unregistered senior notes. This exchange was completed in July 2016.

PRESENTATION

In connection with the registration of the senior notes, the Company is required to provide certain financial information regarding the Issuer and the Guarantors of the registered securities. Included are the Condensed Consolidating Statements of Earnings and Comprehensive Income for the three months ended September 30, 2017 and 2016 and nine months ended September 30, 2017 and 2016, Condensed Consolidating Statements of Financial Position as of September 30, 2017 and December 31, 2016 and Condensed Consolidating Statements of Cash Flows for the nine months ended September 30, 2017 and 2016 for:


•	General Electric Company (the Parent Company Guarantor) - prepared with investments in subsidiaries accounted for under the equity method of accounting and excluding any inter-segment eliminations;


•	GE Capital International Funding Company Unlimited Company (the Subsidiary Issuer) – finance subsidiary for debt;


•	GE Capital International Holdings Limited (GECIHL) (the Subsidiary Guarantor) - prepared with investments in non-guarantor subsidiaries accounted for under the equity method of accounting;


•	Non-Guarantor Subsidiaries - prepared on an aggregated basis excluding any elimination or consolidation adjustments and includes predominantly all non-cash adjustments for cash flows;


•	Consolidating Adjustments - adjusting entries necessary to consolidate the Parent Company Guarantor with the Subsidiary Issuer, the Subsidiary Guarantor and Non-Guarantor Subsidiaries; and


•	Consolidated - prepared on a consolidated basis.



CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2017 (UNAUDITED)

(in millions)	Parent Company Guarantor			Subsidiary Issuer			Subsidiary Guarantor			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated

Revenues and other income
Sales of goods and services	$	8,025		$	—		$	—		$	40,741		$	(19,338	)	$	29,428
Other income (loss)	(1,152		)	—			—			25,159			(21,861		)	2,146
Equity in earnings (loss) of affiliates	5,672			—			1,019			21,123			(27,813		)	—
GE Capital revenues from services	—			176			209			2,785			(1,272		)	1,898
Total revenues and other income (loss)	12,545			176			1,228			89,808			(70,284		)	33,472

Costs and expenses
Interest and other financial charges	1,671			168			542			1,279			(2,428		)	1,232
Other costs and expenses	9,382			—			—			40,253			(18,861		)	30,774
Total costs and expenses	11,053			168			542			41,533			(21,290		)	32,006
Earnings (loss) from continuing operations before income taxes	1,491			7			686			48,275			(48,994		)	1,466
Benefit (provision) for income taxes	457			(1		)	—			(59		)	(63		)	334
Earnings (loss) from continuing operations	1,948			6			686			48,216			(49,058		)	1,800
Earnings (loss) from discontinued operations, net of taxes	(113		)	—			(562		)	4			565			(106		)
Net earnings (loss)	1,836			6			125			48,220			(48,493		)	1,694
Less net earnings (loss) attributable to noncontrolling interests	—			—			—			(21		)	(121		)	(142		)
Net earnings (loss) attributable to the Company	1,836			6			125			48,241			(48,372		)	1,836
Other comprehensive income (loss)	931			—			(187		)	19,935			(19,749		)	931
Comprehensive income (loss) attributable to the Company	$	2,766		$	6		$	(62	)	$	68,176		$	(68,121	)	$	2,766



CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2016 (UNAUDITED)

(in millions)	Parent Company Guarantor			Subsidiary Issuer			Subsidiary Guarantor			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated

Revenues and other income
Sales of goods and services	$	8,194		$	—		$	—		$	36,082		$	(17,462	)	$	26,814
Other income (loss)	883			—			—			35,578			(36,234		)	227
Equity in earnings (loss) of affiliates	1,788			—			428			29,804			(32,019		)	—
GE Capital revenues from services	—			166			243			2,838			(1,023		)	2,224
Total revenues and other income (loss)	10,865			166			671			104,302			(86,738		)	29,266

Costs and expenses
Interest and other financial charges	1,166			138			525			856			(1,724		)	961
Other costs and expenses	8,498			—			16			36,101			(18,385		)	26,230
Total costs and expenses	9,664			138			541			36,957			(20,109		)	27,191
Earnings (loss) from continuing operations before income taxes	1,201			28			130			67,345			(66,630		)	2,074
Benefit (provision) for income taxes	932			(3		)	(11		)	(951		)	16			(18		)
Earnings (loss) from continuing operations	2,132			24			119			66,395			(66,614		)	2,056
Earnings (loss) from discontinued operations, net of taxes	(105		)	—			(552		)	224			328			(105		)
Net earnings (loss)	2,027			24			(433		)	66,619			(66,286		)	1,951
Less net earnings (loss) attributable to noncontrolling interests	—			—			—			(51		)	(25		)	(76		)
Net earnings (loss) attributable to the Company	2,027			24			(433		)	66,670			(66,262		)	2,027
Other comprehensive income (loss)	477			—			51			(711		)	661			477
Comprehensive income (loss) attributable to the Company	$	2,504		$	24		$	(382	)	$	65,959		$	(65,601	)	$	2,504



CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2017 (UNAUDITED)

(in millions)	Parent Company Guarantor			Subsidiary Issuer			Subsidiary Guarantor			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated

Revenues and other income
Sales of goods and services	$	24,897		$	—		$	—		$	114,446		$	(57,448	)	$	81,895
Other income (loss)	(1,041		)	—			—			57,784			(54,132		)	2,611
Equity in earnings (loss) of affiliates	10,444			—			1,711			71,787			(83,942		)	—
GE Capital revenues from services	—			505			583			7,644			(2,548		)	6,184
Total revenues and other income (loss)	34,301			505			2,294			251,661			(198,070		)	90,691

Costs and expenses
Interest and other financial charges	3,348			477			1,485			3,582			(5,348		)	3,545
Other costs and expenses	27,567			—			22			113,764			(58,020		)	83,334
Total costs and expenses	30,916			478			1,507			117,346			(63,368		)	86,879
Earnings (loss) from continuing operations before income taxes	3,385			27			787			134,315			(134,702		)	3,812
Benefit (provision) for income taxes	971			(3		)	115			(758		)	(22		)	303
Earnings (loss) from continuing operations	4,356			24			902			133,557			(134,724		)	4,115
Earnings (loss) from discontinued operations, net of taxes	(501		)	—			(284		)	7			287			(490		)
Net earnings (loss)	3,856			24			618			133,564			(134,437		)	3,624
Less net earnings (loss) attributable to noncontrolling interests	—			—			—			(53		)	(178		)	(231		)
Net earnings (loss) attributable to the Company	3,856			24			618			133,617			(134,259		)	3,856
Other comprehensive income (loss)	4,075			—			463			(7,059		)	6,596			4,075
Comprehensive income (loss) attributable to the Company	$	7,931		$	24		$	1,081		$	126,559		$	(127,663	)	$	7,931



CONDENSED CONSOLIDATING STATEMENT OF EARNINGS (LOSS) AND COMPREHENSIVE INCOME (LOSS)
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2016 (UNAUDITED)

(in millions)	Parent Company Guarantor			Subsidiary Issuer			Subsidiary Guarantor			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated

Revenues and other income
Sales of goods and services	$	28,870		$	—		$	—		$	108,043		$	(56,757	)	$	80,156
Other income (loss)	845			—			—			55,062			(52,522		)	3,385
Equity in earnings (loss) of affiliates	7,923			—			1,093			58,732			(67,747		)	—
GE Capital revenues from services	—			762			1,262			9,182			(4,144		)	7,063
Total revenues and other income (loss)	37,638			762			2,355			231,019			(181,170		)	90,604

Costs and expenses
Interest and other financial charges	2,828			685			2,133			4,027			(5,651		)	4,023
Other costs and expenses	30,555			—			71			110,725			(60,906		)	80,445
Total costs and expenses	33,383			686			2,204			114,752			(66,558		)	84,467
Earnings (loss) from continuing operations before income taxes	4,255			76			150			116,267			(114,612		)	6,137
Benefit (provision) for income taxes	1,862			(10		)	(58		)	(1,908		)	(189		)	(302		)
Earnings (loss) from continuing operations	6,118			67			93			114,359			(114,801		)	5,835
Earnings (loss) from discontinued operations, net of taxes	(954		)	—			(1,547		)	398			1,149			(954		)
Net earnings (loss)	5,164			67			(1,455		)	114,757			(113,652		)	4,881
Less net earnings (loss) attributable to noncontrolling interests	—			—			—			(143		)	(140		)	(283		)
Net earnings (loss) attributable to the Company	5,164			67			(1,455		)	114,900			(113,512		)	5,164
Other comprehensive income (loss)	2,107			(12		)	114			136			(238		)	2,107
Comprehensive income (loss) attributable to the Company	$	7,271		$	55		$	(1,341	)	$	115,036		$	(113,750	)	$	7,271



CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
SEPTEMBER 30, 2017 (UNAUDITED)

(In millions)	Parent Company Guarantor		Subsidiary Issuer		Subsidiary Guarantor		Non- Guarantor Subsidiaries		Consolidating Adjustments			Consolidated

Assets
Cash and equivalents	$	737	$	—	$	3	$	39,623	$	(509	)	$	39,854
Investment securities	1		—		—		40,298		(1,603		)	38,696
Receivables - net	51,669		17,452		31,245		87,077		(144,082		)	43,362
Inventories	5,264		—		—		24,695		(4,112		)	25,848
Property, plant and equipment - net	5,645		—		—		49,754		(1,299		)	54,101
Investment in subsidiaries(a)	297,324		—		80,506		695,869		(1,073,699		)	—
Goodwill and intangible assets	6,812		—		—		84,760		16,932			108,503
All other assets	27,636		44		387		214,163		(181,348		)	60,882
Assets of discontinued operations	—		—		—		—		6,791			6,791
Total assets	$	395,089	$	17,497	$	112,142	$	1,236,239	$	(1,382,929	)	$	378,038

Liabilities and equity
Short-term borrowings	$	183,427	$	—	$	46,537	$	23,793	$	(225,630	)	$	28,127
Accounts payable	9,672		—		—		66,041		(60,807		)	14,907
Other current liabilities	11,479		33		3		24,418		550			36,483
Long-term and non-recourse borrowings	72,193		16,724		34,810		53,517		(68,979		)	108,265
All other liabilities	42,212		544		137		55,881		(7,003		)	91,772
Liabilities of discontinued operations	—		—		—		—		990			990
Total Liabilities	318,984		17,302		81,488		223,650		(360,879		)	280,544

Redeemable noncontrolling interests	—		—		—		2,713		727			3,441

GE shareowners' equity	76,105		195		30,654		1,008,330		(1,039,179		)	76,105
Noncontrolling interests	—		—		—		1,545		16,402			17,947
Total equity	76,105		195		30,654		1,009,876		(1,022,777		)	94,052
Total liabilities, redeemable noncontrolling interests and equity	$	395,089	$	17,497	$	112,142	$	1,236,239	$	(1,382,929	)	$	378,038


(a)	Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $19,301 million and net assets of discontinued operations of $3,776 million.



CONDENSED CONSOLIDATING STATEMENT OF FINANCIAL POSITION
DECEMBER 31, 2016

(In millions)	Parent Company Guarantor		Subsidiary Issuer		Subsidiary Guarantor		Non- Guarantor Subsidiaries		Consolidating Adjustments			Consolidated

Assets
Cash and equivalents	$	2,558	$	—	$	3	$	46,994	$	(1,426	)	$	48,129
Investment securities	1		—		—		47,394		(3,082		)	44,313
Receivables - net	63,620		17,157		30,470		79,401		(148,385		)	42,263
Inventories	4,654		—		—		21,076		(3,377		)	22,354
Property, plant and equipment - net	5,768		—		—		46,366		(1,615		)	50,518
Investment in subsidiaries(a)	272,685		—		80,481		492,674		(845,840		)	—
Goodwill and intangible assets	8,128		—		—		42,074		36,673			86,875
All other assets	14,692		44		39		201,276		(160,134		)	55,917
Assets of discontinued operations	—		—		—		—		14,815			14,815
Total assets	$	372,107	$	17,202	$	110,992	$	977,255	$	(1,112,372	)	$	365,183

Liabilities and equity
Short-term borrowings	$	167,089	$	1	$	46,432	$	25,919	$	(208,727	)	$	30,714
Accounts payable	5,412		—		—		47,366		(38,343		)	14,435
Other current liabilities	11,072		33		117		25,095		114			36,431
Long-term and non-recourse borrowings	68,983		16,486		34,389		68,912		(83,273		)	105,496
All other liabilities	43,722		511		481		58,376		(9,656		)	93,434
Liabilities of discontinued operations	—		—		—		—		4,158			4,158
Total Liabilities	296,279		17,030		81,419		225,667		(335,727		)	284,668

Redeemable noncontrolling interests	—		—		—		2,223		802			3,025

GE shareowners' equity	75,828		171		29,573		747,719		(777,463		)	75,828
Noncontrolling interests	—		—		—		1,647		16			1,663
Total equity	75,828		171		29,573		749,366		(777,447		)	77,491
Total liabilities, redeemable noncontrolling interests and equity	$	372,107	$	17,202	$	110,992	$	977,255	$	(1,112,372	)	$	365,183


(a)	Included within the subsidiaries of the Subsidiary Guarantor are cash and cash equivalent balances of $28,516 million and net assets of discontinued operations of $6,012 million.



CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
NINE MONTHS ENDED SEPTEMBER 30, 2017 (UNAUDITED)

(In millions)	Parent Company Guarantor			Subsidiary Issuer			Subsidiary Guarantor			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated

Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	$	(25,937	)	$	39		$	(81	)	$	193,403		$	(163,416	)	$	4,008
Cash from (used for) operating activities - discontinued operations	(501		)	—			—			8			3			(490		)
Cash from (used for) operating activities	(26,437		)	39			(81		)	193,411			(163,413		)	3,518

Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	(1,723		)	(39		)	345			(257,130		)	263,239			4,692
Cash from (used for) investing activities – discontinued operations	—			—			—			(2,349		)	—			(2,349		)
Cash from (used for) investing activities	(1,723		)	(39		)	345			(259,479		)	263,239			2,343

Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	26,339			—			(265		)	104,160			(148,463		)	(18,228		)
Cash from (used for) financing activities – discontinued operations	—			—			—			1,905			—			1,905
Cash from (used for) financing activities	26,339			—			(265		)	106,065			(148,463		)	(16,323		)
Effect of currency exchange rate changes on cash and equivalents	—			—			—			1,253			—			1,253
Increase (decrease) in cash and equivalents	(1,821		)	—			—			41,251			(48,638		)	(9,208		)
Cash and equivalents at beginning of year	2,558			—			3			(1,132		)	48,129			49,558
Cash and equivalents at September 30	737			—			3			40,119			(509		)	40,350
Less cash and equivalents of discontinued operations at September 30	—			—			—			496			—			496
Cash and equivalents of continuing operations at September 30	$	737		$	—		$	3		$	39,623		$	(509	)	$	39,854



CONDENSED CONSOLIDATING STATEMENT OF CASH FLOWS
NINE MONTHS ENDED SEPTEMBER 30, 2016 (UNAUDITED)

(In millions)	Parent Company Guarantor			Subsidiary Issuer			Subsidiary Guarantor			Non- Guarantor Subsidiaries			Consolidating Adjustments			Consolidated

Cash flows – operating activities
Cash from (used for) operating activities - continuing operations	$	(14,847	)	$	175		$	(121	)	$	83,404		$	(64,766	)	$	3,846
Cash from (used for) operating activities - discontinued operations	(954		)	—			—			(4,366		)	(399		)	(5,719		)
Cash from (used for) operating activities	(15,801		)	175			(121		)	79,038			(65,165		)	(1,873		)

Cash flows – investing activities
Cash from (used for) investing activities – continuing operations	20,902			16,080			36,317			32,000			(51,740		)	53,559
Cash from (used for) investing activities – discontinued operations	—			—			—			(12,056		)	—			(12,056		)
Cash from (used for) investing activities	20,902			16,080			36,317			19,944			(51,740		)	41,503

Cash flows – financing activities
Cash from (used for) financing activities – continuing operations	(6,894		)	(16,255		)	(36,194		)	(150,446		)	134,601			(75,188		)
Cash from (used for) financing activities – discontinued operations	—			—			—			295			—			295
Cash from (used for) financing activities	(6,894		)	(16,255		)	(36,194		)	(150,151		)	134,601			(74,893		)
Effect of currency exchange rate changes on cash and equivalents	—			—			—			(169		)	—			(169		)
Increase (decrease) in cash and equivalents	(1,792		)	—			3			(51,339		)	17,696			(35,432		)
Cash and equivalents at beginning of year	4,137			—			—			107,350			(20,609		)	90,878
Cash and equivalents at September 30	2,344			—			3			56,011			(2,913		)	55,445
Less cash and equivalents of discontinued operations at September 30	—			—			—			2,915			—			2,915
Cash and equivalents of continuing operations at September 30	$	2,344		$	—		$	3		$	53,095		$	(2,913	)	$	52,530