GE 2012 Annual Report Download - page 140

138 GE 2012 ANNUAL REPORT
notes to consolidated financial statements
REVENUES
Total revenues (a) Intersegment revenues (b) External revenues
(In millions) 2012 2011 2010 2012 2011 2010 2012 2011 2010
Power & Water $ 28,299 $ 25,675 $ 24,779 $ 1,119 $ 794 $ 966 $ 27,180 $ 24,881 $ 23,813
Oil & Gas 15,241 13,608 9,433 314 302 206 14,927 13,306 9,227
Energy Management 7,412 6,422 5,161 487 504 380 6,925 5,918 4,781
Aviation 19,994 18,859 17,619 672 417 155 19,322 18,442 17,464
Healthcare 18,290 18,083 16,897 37 65 30 18,253 18,018 16,867
Transportation 5,608 4,885 3,370 11 33 77 5,597 4,852 3,293
Home & Business Solutions 7,967 7,693 7,957 23 22 18 7,944 7,671 7,939
Total industrial 102,811 95,225 85,216 2,663 2,137 1,832 100,148 93,088 83,384
GE Capital 46,039 49,068 49,856 1,039 978 1,070 45,000 48,090 48,786
Corporate items and eliminations (c) (1,491) 2,995 14,495 (3,702) (3,115) (2,902) 2,211 6,110 17,397
Total $147,359 $147,288 $149,567 $ — $ — $ — $147,359 $147,288 $149,567
(a) Revenues of GE businesses include income from sales of goods and services to customers and other income.
(b) Sales from one component to another generally are priced at equivalent commercial selling prices.
(c) Includes the results of NBCU (our formerly consolidated subsidiary) and our current equity method investment in NBCUniversal LLC.
Revenues from customers located in the United States were $70,437 million, $69,807 million and $75,103 million in 2012, 2011 and 2010,
respectively. Revenues from customers located outside the United States were $76,922 million, $77,481 million and $74,464 million in
2012, 2011 and 2010, respectively.
Assets (a) (b) Property, plant and equipment additions (c) Depreciation and amortization
At December 31 For the years ended December 31 For the years ended December 31
(In millions) 2012 2011 2010 2012 2011 2010 2012 2011 2010
Power & Water $ 27,174 $ 27,074 $ 26,544 $ 661 $ 770 $ 629 $ 647 $ 605 $ 537
Oil & Gas 20,099 18,855 9,340 467 904 246 426 434 229
Energy Management 9,253 9,835 3,733 155 414 85 287 239 179
Aviation 25,144 23,567 21,175 781 699 471 644 569 565
Healthcare 28,458 27,981 27,784 322 378 249 879 869 994
Transportation 4,389 2,633 2,515 724 193 69 90 88 85
Home & Business Solutions 4,133 3,675 3,437 485 268 223 265 260 330
GE Capital 539,223 584,536 605,255 11,886 9,882 7,674 7,505 7,683 8,405
Corporate items and eliminations 27,455 20,033 48,708 (99) 59 175 218 186 219
Total $685,328 $718,189 $748,491 $15,382 $13,567 $9,821 $10,961 $10,933 $11,543
(a) Assets of discontinued operations, NBCU (our formerly consolidated subsidiary) and our current equity method investment in NBCUniversal LLC are included in Corporate
items and eliminations for all periods presented.
(b) Total assets of the Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions and GE Capital operating segments at
December 31, 2012 include investments in and advances to associated companies of $518 million, $82 million, $219 million, $1,210 million, $652 million, $5 million,
$449 million and $19,119 million, respectively. Investments in and advances to associated companies contributed approximately $20 million, $15 million, $12 million,
$67 million, $(48) million, $2 million, $52 million and $1,539 million to segment pre-tax income of Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare,
Transportation, Home & Business Solutions and GE Capital operating segments, respectively, for the year ended December 31, 2012. Aggregate summarized financial
information for significant associated companies assuming a 100% ownership interest included: total assets of $173,000 million, primarily financing receivables of
$67,017 million; total liabilities of $107,520 million, primarily debt of $54,638 million; revenues totaling $50,566 million; and net earnings totaling $6,009 million.
(c) Additions to property, plant and equipment include amounts relating to principal businesses purchased.
Interest and other financial charges Provision (benefit) for income taxes
(In millions) 2012 2011 2010 2012 2011 2010
GE Capital $11,697 $13,866 $14,510 $ 491 $ 899 $ (985)
Corporate items and eliminations (a) 811 662 1,027 2,013 4,839 2,024
Total $12,508 $14,528 $15,537 $2,504 $5,738 $1,039
(a) Included amounts for Power & Water, Oil & Gas, Energy Management, Aviation, Healthcare, Transportation, Home & Business Solutions and NBCU (prior to its
deconsolidation in 2011), for which our measure of segment profit excludes interest and other financial charges and income taxes.
Property, plant and equipment—net associated with operations based in the United States were $28,393 million, $27,225 million and
$25,806 million at year-end 2012, 2011 and 2010, respectively. Property, plant and equipment—net associated with operations based
outside the United States were $41,350 million, $38,514 million and $40,406 million at year-end 2012, 2011 and 2010, respectively.