GE 2012 Annual Report Download - page 2

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2008 2009 2010 2011 2012
CONSOLIDATED REVENUES
(In $ billions)
20092008 2010 2011 2012
OPERATING EARNINGS
(In $ billions)
20092008 2010 2011 2012
19.1 17.8
16.4
14.7
12.1
CASH FLOW FROM OPERATING
ACTIVITIES (CFOA)
(In $ billions)
14.9
16.1
9.9
16.9
12.4
ON THE COVER Top left: Shelli Wilding and George Crichton,
GE Oil & Gas. Top right: Juana Hoskins, GE Healthcare.
Bottom right: Phan Ng.
oc Đang, GE Power & Water. Bottom
left: GE Aviation jet engine testing facility, Peebles, Ohio
GE SCORECARD
2012 RESULTS
Industrial Segment Earnings Growth +10%
Industrial Operating Earnings % of Total 55%
Cash from GE Capital $6.4 billion
Industrial Segment Organic Revenue Growth +8%
Margin Growth +30 bps, 15.1%
Cash Returned to Investors $12.4 billion
Returns on Total Capital 11.7%
RELATIVE PERFORMANCE
INDUSTRIAL VS. 20 PEERS GE PEERS QUARTILE
Organic Growth (%) 8 3 1st
Margin (%) 15.1 11.5 2nd
Returns (%) 15.5 10.3 2nd
GE CAPITAL VS. BANKS GE
REGIONAL
BANKS
MONEY
CENTER BANKS
Tier 1 Common Ratio—Basel 3¹ (%) 8.8 8.1 8.7
Liquidity Coverage Ratio² (%) 296 61 116
Net Interest Margin³ (%) 4.9 3.7 2.9
¹ GECC is not currently subject to minimum regulatory capital requirements. This U.S. Basel 3 estimate is based on
GECC’s current understanding of the Standardized Approach as issued in a Notice of Proposed rulemaking by
U.S. federal banking agencies in 2012. This estimate may evolve over time as U.S. Basel 3 rules and their applicability
to GECC are finalized. Peer data is based on publicly available information incorporating either U.S. Basel 3
standardized or U.S. advanced approaches.
² Financial data as of 3Q 2012. GECC information; Peer comparisons using assumptions based on December 2010
guidance and publicly available company data. It does not reflect the revised guidance issued in January 2013.
GECC elevated due to 4Q 2012 maturities; 4Q 2012 LCR estimate 211%.
³ GECC includes operating lease income (net of depreciation) and excludes retailer payments, cash and the legacy
insurance business.
Note: Financial results from continuing operations unless otherwise noted.
PICTURED: Dr. Tianhong Zhang, GE Power & Water
“ Last year we set focused execution goals for GE: double-digit
industrial earnings growth; margin expansion; restarting
the GE Capital dividend to the parent; reducing the size of
GE Capital; and balanced capital allocation. We achieved all
of our goals for the year.”
JEFF IMMELT, CHAIRMAN AND CEO
2012 PERFORMANCE
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