GE Reports 4Q’12 Operating EPS $0.44, +13% 4Q Revenues $39.3B +4%, Industrial Organic Growth +8% for total year Operating

  GE Reports 4Q’12 Operating EPS $0.44, +13% 4Q Revenues $39.3B +4%,
  Industrial Organic Growth +8% for total year Operating margins expand 120
  bps over 4Q’11, total year up 30 bps Record backlog of $210B

Business Wire

FAIRFIELD, Conn. -- January 18, 2013

GE (NYSE: GE):

         GE CFOA of $7.2B for the quarter, $17.8B for the year, +48%

                       4Q and Full-Year 2012 Highlights

  *Eleventh consecutive quarter of strong operating earnings growth

       *4Q Operating EPS of $0.44, up 13%; Full-year operating EPS of $1.52,
         up 16% (up 10% excluding effects of 3Q’11 preferred stock redemption)
       *4Q Continuing EPS of $0.41, up 11%; Full-year continuing EPS of
         $1.39, up 12%

  *Second consecutive quarter with all Industrial segments reporting positive
    earnings growth

       *Double-digit earnings growth for five of seven Industrial segments

  *4Q orders up 7% ex. Wind and FX; Growth region orders up 12%
  *Margins up 120 bps over prior year period, increases in all seven
    Industrial segments
  *GE Capital earned $1.8 billion in 4Q, up 9%; GECC Tier 1 common ratio
    10.2%

       *GE Capital 4Q ending ENI balance $419 billion

GE [NYSE: GE] announced today fourth-quarter 2012 operating earnings of $4.7
billion, or $0.44 per share, both up 13% from the fourth quarter of 2011. GAAP
earnings from continuing operations were $4.3 billion, or $0.41 per share, up
9% and 11% respectively. Revenues were $39.3 billion for the quarter, up 4%,
and $147.4 billion for the year. Industrial segment organic revenue growth was
4% for the quarter and 8% for the year.

“We ended the year with a strong quarter despite the mixed global economic
environment,” said GE Chairman and CEO Jeff Immelt. “The outlook for developed
markets remains uncertain, but we are seeing growth in China and the resource
rich countries. With our largest backlog in history and a substantial amount
of cash generated by our businesses in the fourth quarter, we have great
momentum going into 2013.”

Industrial segment profit rose 12% in the fourth quarter to $4.9 billion. All
Industrial segments had positive earnings growth for the second consecutive
quarter, and five of the seven segments achieved double-digit earnings growth.
All Industrial segments also expanded margins in the quarter, with Industrial
segment margins up 120 basis points over the prior-year period. Infrastructure
orders for the quarter were $28.5 billion, up 2%, and up 7% excluding the
effects of a decrease in orders for wind turbines, and FX. The ratio of
equipment orders received to orders billed (book-to-bill) was 1.2. GE’s
backlog of equipment and services at the end of the quarter was its highest
ever, at $210 billion.

Industrial segment growth market revenues were up 9% for the quarter,
excluding FX. For the year, Industrial segment growth market revenues
increased 11%, driven by double-digit growth in Russia, Australia/New Zealand,
Latin America, China, Sub-Saharan Africa and ASEAN.

Infrastructure order pricing rose 0.5% for the quarter, and four of six
Infrastructure businesses had double-digit growth in orders for equipment,
including Oil & Gas, Energy Management, Aviation, and Transportation. During
the quarter, GE received orders from Petrobras of $0.4 billion for
turbomachinery. GE also announced a $0.2 billion contract to supply subsea
production equipment to Chevron’s Lianzi project and a contract with Renova
Energia in Brazil worth $0.4 billion for 230 GE 1.68-82.5 wind turbines. In
addition, CFM International (a 50/50 joint venture between GE and Snecma)
announced a commitment from Alaska Airlines, the largest in its history, for
the purchase of CFM engines to power 50 new Boeing 737 aircraft.

In 2012, the Company’s long-term investment in research & development led to
the launch of new products like GE’s new power plant technology,
FlexEfficiency™ 60, with turbines based on a design originally developed for
supersonic jet engines. Also this year, GE Transportation introduced a
prototype locomotive, the Tier 4 Evolution® Series, which will be the most
fuel-efficient freight locomotive in its history, with a new combustion system
to meet strict U.S. emission standards. In Industrial Internet applications,
the Company announced nine new industrial service technologies for industries
including energy, healthcare, aviation, rail and manufacturing.

GE Capital progressed with its strategy of a smaller, more focused financial
services business with solid earnings. GE Capital earnings grew 9% in the
quarter and ENI was $419 billion at quarter end. Commercial Real Estate grew
net income to $0.8 billion while shrinking assets by $15 billion. GE Capital
Corporation (GECC) paid a $1.0 billion dividend to the parent in the quarter,
bringing the year-to-date total to $6.4 billion. Its Tier 1 common ratio
remains strong at 10.2%.

Cash generated from GE operating activities rose 48% to $17.8 billion for the
year, with strong Industrial CFOA of $6.2 billion, and total GE CFOA of $7.2
billion, in the fourth quarter. GE ended the quarter with $77 billion of
consolidated cash and cash equivalents.

GE continued to execute on its balanced capital allocation plan. The Company’s
strong cash position enabled the repurchase of $2.1 billion of stock during
the fourth quarter and $5.2 billion of stock for the year. For 2012, GE
returned $12.4 billion to investors through dividends and buybacks. In
December, GE’s Board of Directors raised the Company’s dividend 12% to $0.19
per outstanding share of the Company’s common stock, the fifth increase in
three years.

Also during the quarter, GE announced an agreement to purchase the aviation
business of Avio S.p.A., an Italy-based manufacturer of aviation propulsion
components and systems, for $4.3 billion, a multiple of approximately 8.5x
estimated 2012 earnings before interest, taxes, depreciation and amortization.
The acquisition of Avio’s aviation business, which provides components for GE
Aviation and other engine companies, would further GE’s participation in jet
propulsion, one of the most attractive sectors of the aviation industry.

Immelt concluded, “Facing an uncertain fiscal environment, the GE team had
strong fourth-quarter execution. With our strong backlog and good momentum in
margins, we are well-positioned to achieve our 2013 framework: double-digit
earnings growth and solid organic revenue growth for the Industrial segment,
significant cash returned to the parent company from GE Capital, further
margin expansion, and returning cash to shareholders.”

Fourth-quarter and Full-year 2012 Highlights:

Fourth-quarter operating earnings were $4.7 billion, up 13% from
fourth-quarter 2011, and operating EPS was $0.44, up 13%. GAAP earnings from
continuing operations (attributable to GE) were $4.3 billion, up 9%, or $0.41
per share, up 11% from the fourth quarter of 2011. Positive one-time gains of
$0.01 per share were more than offset by $0.02 per share of restructuring and
other charges.

Including the effects of discontinued operations, fourth-quarter net earnings
attributable to GE were $4.0 billion ($0.38 per share attributable to common
shareowners) in 2012 compared with $3.7 billion ($0.35 per share attributable
to common shareowners) in the fourth quarter of 2011.

Fourth-quarter revenues increased 4% to $39.3 billion. Industrial sales of
$27.3 billion increased 2% compared to the fourth quarter of 2011. GECC
revenues of $11.8 billion increased 2% from last year.

Full-year operating earnings were $16.1 billion, up 8%, from $14.9 billion in
2011, and operating EPS was $1.52, up 16%, and up 10% excluding effects of the
3Q’11 preferred stock redemption. GAAP earnings from continuing operations
(attributable to GE) were $14.7 billion, or $1.39 per share, up 3% and 12%
respectively from 2011.

Including the effects of discontinued operations, full-year net earnings
attributable to GE were $13.6 billion ($1.29 per share attributable to common
shareowners) in 2012 compared with $14.2 billion ($1.23 per share attributable
to common shareowners) in 2011.

Full-year revenues were $147.4 billion, flat with last year and up 3%
excluding the $3.7 billion pre-tax gain on the sale of NBC Universal in 2011.
Industrial sales of $100.9 billion increased 6% from last year. GECC revenues
of $46.0 billion were down 6% from 2011.

Cash generated from GE operating activities in 2012 totaled $17.8 billion, up
48% from $12.1 billion last year. Cash generated from GE Industrial operating
activities in 2012 totaled $11.4 billion, down 5% from last year.

The accompanying tables include information integral to assessing the
Company’s financial position, operating performance and cash flow.

GE will discuss preliminary fourth-quarter and full-year results on a Webcast
at 8:30 a.m. ET today, available at www.ge.com/investor. Related charts will
be posted there prior to the call.

About GE

GE (NYSE: GE) works on things that matter. The best people and the best
technologies taking on the toughest challenges. Finding solutions in energy,
health and home, transportation and finance. Building, powering, moving and
curing the world. Not just imagining. Doing. GE works. For more information,
visit the company's website at www.ge.com.

Caution Concerning Forward-Looking Statements:

This document contains “forward-looking statements” – that is, statements
related to future, not past, events. In this context, forward-looking
statements often address our expected future business and financial
performance and financial condition, and often contain words such as “expect,”
“anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” or “will.”
Forward-looking statements by their nature address matters that are, to
different degrees, uncertain. For us, particular uncertainties that could
cause our actual results to be materially different than those expressed in
our forward-looking statements include: current economic and financial
conditions, including volatility in interest and exchange rates, commodity and
equity prices and the value of financial assets; potential market disruptions
or other impacts arising in the United States or Europe from developments in
the European sovereign debt situation; the impact of conditions in the
financial and credit markets on the availability and cost of General Electric
Capital Corporation’s (GECC) funding and on our ability to reduce GECC’s asset
levels as planned; the impact of conditions in the housing market and
unemployment rates on the level of commercial and consumer credit defaults;
changes in Japanese consumer behavior that may affect our estimates of
liability for excess interest refund claims (GE Money Japan); pending and
future mortgage securitization claims and litigation in connection with WMC,
which may affect our estimates of liability, including possible loss
estimates; our ability to maintain our current credit rating and the impact on
our funding costs and competitive position if we do not do so; the adequacy of
our cash flow and earnings and other conditions which may affect our ability
to pay our quarterly dividend at the planned level; GECC’s ability to pay
dividends to GE at the planned level; our ability to convert pre-order
commitments into orders; the level of demand and financial performance of the
major industries we serve, including, without limitation, air and rail
transportation, energy generation, real estate and healthcare; the impact of
regulation and regulatory, investigative and legal proceedings and legal
compliance risks, including the impact of financial services regulation;
strategic actions, including acquisitions, joint ventures and dispositions and
our success in completing announced transactions and integrating acquired
businesses; the impact of potential information technology or data security
breaches; and numerous other matters of national, regional and global scale,
including those of a political, economic, business and competitive nature.
These uncertainties may cause our actual future results to be materially
different than those expressed in our forward-looking statements. We do not
undertake to update our forward-looking statements.

                                                                                                                            
                                                                                                                              
GENERAL ELECTRIC COMPANY
Condensed Statement of Earnings
                                                                                                        
                                                                                            Financial
                     Consolidated                        GE(a)                              Services (GECC)
Three Months
Ended December       2012         2011         V%        2012         2011         V%       2012         2011         V%
31
Revenues and
other income
Sales of goods       $ 27,080     $ 26,486     2  %      $ 27,301     $ 26,743     2  %     $ 29         $ 32         (9 )%
and services
Other income           826          259                    830          308                   –            –
GECC earnings
from                   –            –                      1,808        1,660                 –            –
continuing
operations
GECC revenues         11,421     11,227               –          –                   11,741     11,545 
from services
Total revenues
and other             39,327     37,972    4  %       29,939     28,711    4  %      11,770     11,577    2  %
income
                                                                                                                              
Costs and
expenses
Cost of sales,
operating and          29,233       28,452                 24,418       24,027                5,237        4,883
administrative
expenses
Interest and
other                  2,960        3,231                  393          267                   2,708        3,128
financial
charges
Investment
contracts,
insurance
losses and             702          711                    –            –                     713          745
insurance
annuity
benefits
Provision for
losses on             1,163      1,058                –          –                   1,163      1,058  
financing
receivables
Total costs           34,058     33,452    2  %       24,811     24,294    2  %      9,821      9,814     -  %
and expenses
                                                                                                                              
Earnings from
continuing
operations             5,269        4,520      17 %        5,128        4,417      16 %       1,949        1,763      11 %
before income
taxes
Benefit
(provision)           (818   )    (467   )              (694   )    (402   )             (124   )    (65    )
for income
taxes
Earnings from
continuing             4,451        4,053      10 %        4,434        4,015      10 %       1,825        1,698      7  %
operations
Earnings
(loss) from
discontinued          (305   )    (240   )              (305   )    (240   )             (305   )    (240   )
operations,
net of taxes
Net earnings           4,146        3,813      9  %        4,129        3,775      9  %       1,520        1,458      4  %
Less net
earnings
(loss)
attributable          135        83                   118        45                  17         38     
to
noncontrolling
interests
Net earnings
attributable           4,011        3,730      8  %        4,011        3,730      8  %       1,503        1,420      6  %
to the Company
Preferred
stock                 –          –                    –          –                   (123   )    –      
dividends
declared
Net earnings
attributable         $ 4,011     $ 3,730     8  %      $ 4,011     $ 3,730     8  %     $ 1,380     $ 1,420     (3 )%
to GE common
shareowners

                                                                                                                              
Amounts
attributable
to the
Company:
Earnings from
continuing           $ 4,316      $ 3,970      9  %      $ 4,316      $ 3,970      9  %     $ 1,808      $ 1,660      9  %
operations
Earnings
(loss) from
discontinued          (305   )    (240   )              (305   )    (240   )             (305   )    (240   )
operations,
net of taxes
Net earnings
attributable         $ 4,011     $ 3,730     8  %      $ 4,011     $ 3,730     8  %     $ 1,503     $ 1,420     6  %
to the Company
                                                                                                                              
Per-share
amounts -
earnings from
continuing
operations
Diluted
earnings per         $ 0.41       $ 0.37       11 %
share
Basic earnings       $ 0.41       $ 0.38       8  %
per share
                                                                                                                              
Per-share
amounts - net
earnings
Diluted
earnings per         $ 0.38       $ 0.35       9  %
share
Basic earnings       $ 0.38       $ 0.35       9  %
per share
                                                                                                                              
Total average
equivalent
shares
Diluted shares         10,500       10,591     (1 )%
Basic shares           10,447       10,566     (1 )%
                                                                                                                              
Dividends
declared per         $ 0.19       $ 0.17       12 %
common share

                                                                                                                              
Amounts
attributable
to the
Company:
Earnings from
continuing           $ 4,316      $ 3,970      9  %
operations
Adjustment
(net of tax):
Non-operating         350        172    
pension
costs/(income)
Operating
earnings             $ 4,666     $ 4,142     13 %
(non-GAAP
measure)
                                                                                                                              
Operating
earnings –
diluted              $ 0.44       $ 0.39       13 %
earnings per
share


(a) Refers to the Industrial businesses of the Company including GECC on an
equity basis.

Dollar amounts and share amounts in millions; per-share amounts in dollars;
unaudited. Supplemental data are shown for “GE” and “GECC.” Transactions
between GE and GECC have been eliminated from the “Consolidated” columns. See
Note 1 to the 2011 consolidated financial statements at www.ge.com/ar2011 for
further information about consolidation matters.

                                                                                                                                    
                                                                                                                                      
GENERAL ELECTRIC COMPANY
Condensed Statement of Earnings
                                                                                        Financial
                     Consolidated                           GE(a)                                  Services (GECC)
Twelve Months
Ended December       2012          2011          V%         2012          2011          V%         2012        2011        V%
31
Revenues and
other income
Sales of goods       $ 100,149     $ 94,523      6   %      $ 100,875     $ 95,036      6   %      $ 119        $ 148        (20 )%
and services
Other income           2,563         5,064                    2,657         5,270                    –            –
GECC earnings
from                   –             –                        7,401         6,584                    –            –
continuing
operations
GECC revenues         44,647      47,701                 –           –                      45,920     48,920 
from services
Total revenues
and other             147,359     147,288    -   %       110,933     106,890    4   %       46,039     49,068    (6  )%
income
                                                                                                                                      
Costs and
expenses
Cost of sales,
operating and          110,697       105,640                  92,728        86,360                   19,512       20,582
administrative
expenses
Interest and
other                  12,508        14,528                   1,353         1,299                    11,697       13,866
financial
charges
Investment
contracts,
insurance
losses and             2,857         2,912                    –             –                        2,984        3,059
insurance
annuity
benefits
Provision for
losses on             3,891       3,951                  –           –                      3,891      3,951  
financing
receivables
Total costs           129,953     127,031    2   %       94,081      87,659     7   %       38,084     41,458    (8  )%
and expenses
                                                                                                                                      
Earnings from
continuing
operations             17,406        20,257      (14 )%       16,852        19,231      (12 )%       7,955        7,610      5   %
before income
taxes
Benefit
(provision)           (2,504  )    (5,738  )               (2,013  )    (4,839  )               (491   )    (899   )
for income
taxes
Earnings from
continuing             14,902        14,519      3   %        14,839        14,392      3   %        7,464        6,711      11  %
operations
Earnings
(loss) from
discontinued          (1,038  )    (76     )               (1,038  )    (76     )               (1,186 )    (74    )
operations,
net of taxes
Net earnings           13,864        14,443      (4  )%       13,801        14,316      (4  )%       6,278        6,637      (5  )%
Less net
earnings
(loss)
attributable          223         292                    160         165                    63         127    
to
noncontrolling
interests
Net earnings
attributable           13,641        14,151      (4  )%       13,641        14,151      (4  )%       6,215        6,510      (5  )%
to the Company
Preferred
stock                 –           (1,031  )               –           (1,031  )               (123   )    –      
dividends
declared
Net earnings
attributable         $ 13,641     $ 13,120     4   %      $ 13,641     $ 13,120     4   %      $ 6,092     $ 6,510     (6  )%
to GE common
shareowners

                                                                                                                                      
Amounts
attributable
to the
Company:
Earnings from
continuing           $ 14,679      $ 14,227      3   %      $ 14,679      $ 14,227      3   %      $ 7,401      $ 6,584      12  %
operations
Earnings
(loss) from
discontinued          (1,038  )    (76     )               (1,038  )    (76     )               (1,186 )    (74    )
operations,
net of taxes
Net earnings
attributable         $ 13,641     $ 14,151     (4  )%     $ 13,641     $ 14,151     (4  )%     $ 6,215     $ 6,510     (5  )%
to the Company
                                                                                                                                      
Per-share
amounts -
earnings from
continuing
operations
Diluted
earnings per         $ 1.39        $ 1.24        12  %
share
Basic earnings       $ 1.39        $ 1.24        12  %
per share
                                                                                                                                      
Per-share
amounts - net
earnings
Diluted
earnings per         $ 1.29        $ 1.23        5   %
share
Basic earnings       $ 1.29        $ 1.24        4   %
per share
                                                                                                                                      
Total average
equivalent
shares
Diluted shares         10,564        10,620      (1  )%
Basic shares           10,523        10,591      (1  )%
                                                                                                                                      
Dividends
declared per         $ 0.70        $ 0.61        15  %
common share

                                                                                                                                      
Amounts
attributable
to the
Company:
Earnings from
continuing           $ 14,679      $ 14,227      3   %
operations
Adjustment
(net of tax):
Non-operating         1,386       688     
pension
costs/(income)
Operating
earnings             $ 16,065     $ 14,915     8   %
(non-GAAP
measure)
                                                                                                                                      
Operating
earnings –
diluted              $ 1.52        $ 1.31        16  %
earnings per
share
Operating
earnings
excluding the
effects of the
preferred            $ 1.52        $ 1.38        10  %
stock
redemption -
diluted
earnings per
share


(a) Refers to the Industrial businesses of the Company including GECC on an
equity basis.

Dollar amounts and share amounts in millions; per-share amounts in dollars;
unaudited. Supplemental data are shown for “GE” and “GECC.” Transactions
between GE and GECC have been eliminated from the “Consolidated” columns. See
Note 1 to the 2011 consolidated financial statements at www.ge.com/ar2011 for
further information about consolidation matters.

                                                                                               
                                                                                                 
GENERAL ELECTRIC COMPANY
Summary of Operating Segments (unaudited)
                                                                              
                      Three months ended December 31         Twelve months ended December 31
(Dollars in           2012         2011         V%           2012          2011          V%
millions)
                                                                                                 
Revenues(a)
Power &               $ 7,652      $ 7,538      2   %        $ 28,299      $ 25,675      10 %
Water(b)
Oil & Gas(b)            4,548        4,083      11  %          15,241        13,608      12 %
Energy                  1,934        1,954      (1  )%         7,412         6,422       15 %
Management(b)
Aviation                5,467        4,924      11  %          19,994        18,859      6  %
Healthcare              5,183        5,163      -   %          18,290        18,083      1  %
Transportation          1,364        1,464      (7  )%         5,608         4,885       15 %
Home & Business        2,068      2,019     2   %         7,967       7,693      4  %
Solutions(b)
Total
industrial              28,216       27,145     4   %          102,811       95,225      8  %
segment
revenues
GE Capital             11,770     11,577    2   %         46,039      49,068     (6 )%
Total segment           39,986       38,722     3   %          148,850       144,293     3  %
revenues
Corporate items
and                    (659   )    (750   )   12  %         (1,491  )    2,995      U
eliminations(a)
Consolidated
revenues and
other income          $ 39,327    $ 37,972    4   %        $ 147,359    $ 147,288    -  %
from continuing
operations
                                                                                                 
Segment
profit(a)
Power &               $ 1,747      $ 1,661      5   %        $ 5,422       $ 5,021       8  %
Water(b)
Oil & Gas(b)            649          567        14  %          1,924         1,660       16 %
Energy                  64           47         36  %          131           78          68 %
Management(b)
Aviation                1,039        850        22  %          3,747         3,512       7  %
Healthcare              1,021        953        7   %          2,920         2,803       4  %
Transportation          252          226        12  %          1,031         757         36 %
Home & Business        115        54        F             311         237        31 %
Solutions(b)
Total
industrial              4,887        4,358      12  %          15,486        14,068      10 %
segment profit
GE Capital             1,808      1,660     9   %         7,401       6,584      12 %
Total segment           6,695        6,018      11  %          22,887        20,652      11 %
profit
                                                                                                 
Corporate items
and                     (1,292 )     (1,379 )   6   %          (4,842  )     (287    )   U
eliminations(a)
GE interest and
other financial         (393   )     (267   )   (47 )%         (1,353  )     (1,299  )   (4 )%
charges
GE provision
for income             (694   )    (402   )   (73 )%        (2,013  )    (4,839  )   58 %
taxes
                                                                                                 
Earnings from
continuing
operations              4,316        3,970      9   %          14,679        14,227      3  %
attributable to
the Company
                                                                                                 
Earnings (loss)
from
discontinued
operations, net        (305   )    (240   )   (27 )%        (1,038  )    (76     )   U
of taxes,
attributable to
the Company
                                                                                                 
Consolidated
net earnings          $ 4,011     $ 3,730     8   %        $ 13,641     $ 14,151     (4 )%
attributable to
the Company


      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
(a)  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.
      
      Effective October 1, 2012, we reorganized our former Energy
      Infrastructure segment into three segments – Power & Water, Oil & Gas
(b)   and Energy Management and we began reporting these as separate segments.
      We also reorganized our Home & Business Solutions segment by
      transferring our Intelligent Platforms business to Energy Management.
      Results for 2012 and prior periods are reported on this basis.

                                                                                             
                                                                                               
GENERAL ELECTRIC COMPANY
Summary of Operating Segments (unaudited)
Additional Information
                                                                       
                                                                                               
                 Three months ended December 31           Twelve months ended December 31
(Dollars
in               2012         2011           V%           2012         2011           V%
millions)
                                                                                               
GE Capital
                                                                                               
Revenues         $ 11,770     $ 11,577      2   %        $ 46,039     $ 49,068      (6  )%
                                                                                               
Segment          $ 1,808      $ 1,660       9   %        $ 7,401      $ 6,584       12  %
profit
                                                                                               
Revenues
Commercial
Lending
and              $ 4,150      $ 4,392        (6  )%       $ 16,857     $ 18,178       (7  )%
Leasing
(CLL)
Consumer           3,979        3,744        6   %          15,579       16,767       (7  )%
Real               994          878          13  %          3,654        3,712        (2  )%
Estate
Energy
Financial          422          292          45  %          1,508        1,223        23  %
Services
GE Capital
Aviation           1,397        1,345        4   %          5,294        5,262        1   %
Services
(GECAS)
                                                                                               
Segment
profit
(loss)
CLL              $ 544        $ 777          (30 )%       $ 2,423      $ 2,720        (11 )%
Consumer           755          617          22  %          3,240        3,703        (13 )%
Real               309          (153   )     F              803          (928   )     F
Estate
Energy
Financial          107          110          (3  )%         432          440          (2  )%
Services
GECAS              343          315          9   %          1,220        1,150        6   %

                                                                                                     
                                                                                                       
GENERAL ELECTRIC COMPANY
Condensed Statement of Financial Position (unaudited)
                                                                 Financial
                       Consolidated                GE(a)                       Services (GECC)
(Dollars in            12/31/12     12/31/11       12/31/12     12/31/11       12/31/12   12/31/11
billions)
                                                                                                       
Assets
Cash &
marketable             $  125.7     $  131.9       $  15.6      $  8.4         $  110.2     $  124.1
securities
Receivables               21.5         19.5           10.9         11.8           –            –
Inventories               15.4         13.8           15.3         13.7           0.1          0.1
Financing
receivables -             258.0        279.9          –            –              269.0        288.8
net
Property,
plant &                   69.7         65.7           16.0         14.3           53.7         51.4
equipment -
net
Investment in             –            –              77.9         77.1           –            –
GECC
Goodwill &
intangible                85.4         84.7           56.8         55.9           28.6         28.8
assets
Other assets              108.3        119.3          38.0         36.7           76.3         88.9
Assets of
businesses                0.2          0.7            –            –              0.2          0.7
held for sale
Assets of
discontinued             1.1         1.7           –           0.1           1.1         1.7
operations
                                                                                                       
Total assets           $  685.3     $  717.2       $  230.5     $  218.0       $  539.2     $  584.5
                                                                                                       
Liabilities
and equity
Borrowings and         $  414.1     $  453.4       $  17.5      $  11.6        $  397.3     $  443.1
bank deposits

Investment
contracts,
insurance
liabilities               28.3         29.8           –            –              28.7         30.2
and insurance
annuity
benefits
Other                     112.0        114.0          89.1         88.8           28.1         31.6
liabilities
Liabilities of
businesses                0.2          0.3            –            –              0.2          0.3
held for sale
Liabilities of
discontinued              2.3          1.6            0.1          0.2            2.3          1.5
operations
GE
shareowners'              123.0        116.4          123.0        116.4          81.9         77.1
equity
Noncontrolling           5.4         1.7           0.8         1.0           0.7         0.7
interests
                                                                                                       
Total
liabilities            $  685.3     $  717.2       $  230.5     $  218.0       $  539.2     $  584.5
and equity


(a) Refers to the Industrial businesses of the Company including GECC on an
equity basis.

Supplemental consolidating data are shown for "GE" and "GECC." Transactions
between GE and GECC have been eliminated from the "Consolidated" columns. See
Note 1 to the 2011 consolidated financial statements at www.ge.com/ar2011 for
further information about consolidation matters.

                                                                           
                                                                             
GENERAL ELECTRIC COMPANY

Financial Measures That Supplement GAAP
                                                                             
We sometimes use information derived from consolidated financial
information but not presented in our financial statements prepared in
accordance with U.S. generally accepted accounting principles (GAAP).
Certain of these data are considered “non-GAAP financial measures” under
the U.S. Securities and Exchange Commission rules. These non-GAAP
financial measures supplement our GAAP disclosures and should not be
considered an alternative to the GAAP measure. We have referred to
operating earnings, operating earnings per share (EPS), operating EPS
excluding the effects of the third-quarter 2011 preferred stock
redemption, total revenues excluding the effect of a pre-tax gain on the
sale of NBC Universal (NBCU) in 2011, Industrial segment organic revenue
growth, GE Capital ending net investment (ENI) excluding cash and
equivalents and cash generated from GE Industrial operating activities
(Industrial CFOA). The reconciliations of these measures to the most
comparable GAAP measures follow.
                                                                             

Operating Earnings and Operating Earnings Per Share
                                                                
(Dollars in millions; except                 Three Months Ended December 31
earnings per share)
                                             2012           2011        V%
                                                                             
Earnings from continuing operations          $4,316         $3,970      9%
attributable to GE
Adjustment (net of tax):                     350            172
non-operating pension costs/(income)
Operating earnings                           $4,666         $4,142      13%
                                                                             
Earnings per share – diluted(a)
Continuing earnings per share                $0.41          $0.37       11%
Adjustment (net of tax):                     0.03           0.02
non-operating pension costs/(income)
Operating earnings per share                 $0.44          $0.39       13%
                                                                             
                                                                             
                                             Twelve Months Ended December 31
(Dollars in millions; except                 2012           2011        V%
earnings per share)
                                                                             
Earnings from continuing operations          $14,679        $14,227     3%
attributable to GE
Adjustment (net of tax):                     1,386          688
non-operating pension costs/(income)
Operating earnings                           $16,065        $14,915     8%
                                                                             
Earnings per share – diluted(a)
Continuing earnings per share                $1.39          $1.24       12%
Adjustment (net of tax):                     0.13           0.06
non-operating pension costs/(income)
Operating earnings per share                 1.52           1.31        16%
                                                                             
Less: Effects of the third-quarter           -              0.08
2011 preferred stock redemption
Operating EPS excluding the effects
of the third-quarter 2011 preferred          $1.52          $1.38       10%
stock redemption

(a) Earnings-per-share amounts are computed independently. As a result, the
sum of per-share amounts may not equal the total.

Operating earnings excludes non-service related pension costs of our principal
pension plans comprising interest cost, expected return on plan assets and
amortization of actuarial gains/losses. The service cost and prior service
cost components of our principal pension plans are included in operating
earnings. We believe that these components of pension cost better reflect the
ongoing service-related costs of providing pension benefits to our employees.
As such, we believe that our measure of operating earnings provides management
and investors with a useful measure of the operational results of our
business. Other components of GAAP pension cost are mainly driven by market
performance, and we manage these separately from the operational performance
of our businesses. Neither GAAP nor operating pension costs are necessarily
indicative of the current or future cash flow requirements related to our
pension plan. We also believe that this measure, considered along with the
corresponding GAAP measure, provides management and investors with additional
information for comparison of our operating results to the operating results
of other companies.

                                                                           
                                                                             
Total Revenues Excluding the Effect of a Pre-Tax Gain on the Sale of NBCU
in 2011
                                                               
(Dollars in millions)                      Twelve Months Ended December 31
                                           2012          2011          V%
                                                                             
Total revenues and other income            $ 147,359     $ 147,288     - %
                                                                             
Less the effect of a pre-tax gain on        -            3,705
the sale of NBCU in 2011
                                                                             
Total revenues and other income less
the effect a pre-tax gain on the
sale of NBCU in 2011 (total revenues       $ 147,359     $ 143,583     3 %
excluding the pre-tax gain on the
sale of NBCU in 2011)
                                                                             

We believe that this measure provides management and investors with a more
complete understanding of underlying operating results and revenue trends by
excluding the effects of a gain related to the sale of a business, which can
obscure underlying trends.

                                                                        
                                                                             
Industrial Segment Organic Revenue
Growth
                                          Three Months Ended December 31
(Dollars in millions)                     2012          2011       V%
                                                                             
Segment revenues:
Power & Water                             $ 7,652         $ 7,538
Oil & Gas                                   4,548           4,083
Energy Management                           1,934           1,954
Aviation                                    5,467           4,924
Healthcare                                  5,183           5,163
Transportation                              1,364           1,464
Home & Business Solutions                  2,068         2,019
Industrial segment revenues                 28,216          27,145     4 %
Less the effects of:
Acquisitions, business dispositions
(other than dispositions of                (24     )      40
businesses acquired for investment)
and currency exchange rates
Industrial segment revenues
excluding effects of acquisitions,
business dispositions (other than
dispositions of businesses acquired       $ 28,240       $ 27,105     4 %
for investment) and currency
exchange rates (Industrial segment
organic revenues)
                                                                             
                                                                             
                                                                             
                                          Twelve Months Ended December 31
(Dollars in millions)                     2012            2011         V%
                                                                             
Segment revenues:
Power & Water                             $ 28,299        $ 25,675
Oil & Gas                                   15,241          13,608
Energy Management                           7,412           6,422
Aviation                                    19,994          18,859
Healthcare                                  18,290          18,083
Transportation                              5,608           4,885
Home & Business Solutions                  7,967         7,693
Industrial segment revenues                 102,811         95,225     8 %
Less the effects of:
Acquisitions, business dispositions
(other than dispositions of                972           1,112
businesses acquired for investment)
and currency exchange rates
Industrial segment revenues
excluding effects of acquisitions,
business dispositions (other than
dispositions of businesses acquired       $ 101,839      $ 94,113     8 %
for investment) and currency
exchange rates (Industrial segment
organic revenues)
                                                                             

Organic revenue growth measures revenue excluding the effects of acquisitions,
business dispositions and currency exchange rates. We believe that this
measure provides management and investors with a more complete understanding
of underlying operating results and trends of established, ongoing operations
by excluding the effect of acquisitions, dispositions and currency exchange,
which activities are subject to volatility and can obscure underlying trends.
We also believe that presenting organic revenue growth separately for our
industrial businesses provides management and investors with useful
information about the trends of our industrial businesses and enables a more
direct comparison to other non-financial businesses and companies. Management
recognizes that the term "organic revenue growth" may be interpreted
differently by other companies and under different circumstances. Although
this may have an effect on comparability of absolute percentage growth from
company to company, we believe that these measures are useful in assessing
trends of the respective businesses or companies and may therefore be a useful
tool in assessing period-to-period performance trends.

                                                                     
                                                                             
GE Capital Ending Net Investment (ENI), Excluding
Cash and Equivalents
                                                                             
                                                            December 31,
(In billions)                                               2012
GECC total assets                                           $  539.2
Less assets of discontinued operations                         (1.1   )
Less non-interest bearing liabilities                         (57.6  )
GE Capital ENI                                                 480.5
Less cash and equivalents                                     (61.9  )
GE Capital ENI, excluding cash and equivalents              $  418.6  
                                                                             

We use ENI to measure the size of our GE Capital segment. We believe that this
measure is a useful indicator of the capital (debt or equity) required to fund
a business as it adjusts for non-interest bearing current liabilities
generated in the normal course of business that do not require a capital
outlay. We also believe that by excluding cash and equivalents, we provide a
meaningful measure of assets requiring capital to fund our GE Capital segment
as a substantial amount of this cash resulted from debt issuances to pre-fund
future debt maturities and will not be used to fund additional assets.
Providing this measure will help investors measure how we are performing
against our previously communicated goal to reduce the size of our financial
services segment.

                                                                             
                                                                             
Industrial CFOA
                                         Three Months Ended December 31
(Dollars in millions)                        2012       2011       V%
                                                                             
Cash from GE's operating activities          $ 7,174      $ 5,513      30 %
as reported
Less dividends from GECC                      980         –
Cash from GE's operating activities
excluding dividends from GECC                $ 6,194      $ 5,513      12 %
(Industrial CFOA)
                                                                             
                                                                             
                                             Twelve Months Ended December 31
(Dollars in millions)                        2012         2011         V%
                                                                             
Cash from GE's operating activities          $ 17,826     $ 12,057     48 %
as reported
Less dividends from GECC                      6,426       –
Cash from GE's operating activities
excluding dividends from GECC                $ 11,400     $ 12,057     (5 )%
(Industrial CFOA)
                                                                             

We define “Industrial CFOA” as GE’s cash from operating activities less the
amount of dividends received by GE from GECC. This includes the effects of
intercompany transactions, including GE customer receivables sold to GECC;
GECC services for trade receivables management and material procurement;
buildings and equipment (including automobiles) leased by GE from GECC;
information technology (IT) and other services sold to GECC by GE; aircraft
engines manufactured by GE that are installed on aircraft purchased by GECC
from third-party producers for lease to others; and various investments, loans
and allocations of GE corporate overhead costs. We believe that investors may
find it useful to compare GE’s operating cash flows without the effect of GECC
dividends, since these dividends are not representative of the operating cash
flows of our industrial businesses and can vary from period to period based
upon the results of the financial services businesses. Management recognizes
that this measure may not be comparable to cash flow results of companies
which contain both industrial and financial services businesses, but believes
that this comparison is aided by the provision of additional information about
the amounts of dividends paid by our financial services business and the
separate presentation in our financial statements of the GECC cash flows. We
believe that our measure of Industrial CFOA provides management and investors
with a useful measure to compare the capacity of our industrial operations to
generate operating cash flow with the operating cash flow of other
non-financial businesses and companies and as such provides a useful measure
to supplement the reported GAAP CFOA measure.

Contact:

GE
Investors:
Trevor Schauenberg, 203-373-2424 (office)
trevor.a.schauenberg@ge.com
or
Media:
Seth Martin, 203-572-3567 (cell)
seth.martin@ge.com