GE 2014 Annual Report Download - page 47

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GE 2014 FORM 10-K 27
MD&A CONSOLIDATED RESULTS
CONSOLIDATED RESULTS
(Dollars in billions)
2014 GEOGRAPHIC REVENUES
2014 SEGMENT REVENUES
SIGNIFICANT DEVELOPMENTS IN 2014
We completed the initial public offering of our North American Retail Finance business, Synchrony Financial,
resulting in proceeds of $2.8 billion and target to complete the exit through a split-off transaction.
We sold GE Money Bank AB, our consumer finance business in Sweden, Denmark and Norway to Santander for
$2.3 billion.
We acquired Milestone Aviation Group for $1.8 billion on January 30, 2015.
We signed an agreement to sell our consumer finance business in Hungary (Budapest Bank) to Hungary’s
government.
We agreed to sell our Appliances business to Electrolux for $3.3 billion; targeted to close in mid-2015.
We acquired Cameron’s Reciprocating Compression division for $0.6 billion.
We acquired API Healthcare for $0.3 billion and certain Thermo Fisher Scientific Inc. life-science businesses for
$1.1 billion.
We signed an agreement to sell our Signaling business to Alstom for approximately $0.8 billion.
We offered to acquire the Thermal, Renewables and Grid businesses of Alstom. The proposed transaction is
targeted to close in 2015. See the “Segment Operations” section within the MD&A of this Form 10-K for additional
information related to the proposed transaction.