GE 2015 Annual Report Download - page 47

GE 2015 FORM 10-K 19
FORWARD LOOKING STATEMENTS
GE 2015 FORM 10-K 19
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," "will," "would," or "target."
Forward-looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about our
announced plan to reduce the size of our financial services businesses, including expected cash and non-cash charges associated with
this plan DQGHDUQLQJVSHUVKDUHRI*(&DSLWDO¶VUHWDLQHGEXVLQHVVHV9HUWLFDOV; expected income; earnings per share; revenues;
organic growth; margins; cost structure; restructuring charges; cash flows; return on capital; capital expenditures, capital allocation or
capital structure; dividends; and the split between Industrial and Capital earnings.
For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our forward-looking
statements include:
x obtaining (or the timing of obtaining) any required regulatory reviews or approvals or any other consents or approvals
associated with our announced plan to reduce the size of our financial services businesses;
x our ability to complete incremental asset sales as part of that plan in a timely manner (or at all) and at the prices we have
assumed;
x our ability to reduce costs as we execute that plan;
x changes in law, economic and financial conditions, including interest and exchange rate volatility, commodity and equity prices
and the value of financial assets, including the impact of these conditions on our ability to sell or the value of incremental
assets to be sold as part of our announced plan to reduce the size of our financial services businesses as well as other
aspects of that plan;
x WKHLPSDFWRIFRQGLWLRQVLQWKHILQDQFLDODQGFUHGLWPDUNHWVRQWKHDYDLODELOLW\DQGFRVWRI*(&DSLWDO*OREDO+ROGLQJV//&¶s
(GE Capital) funding, and GE CapitaO¶V exposure to counterparties;
x the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit
defaults;
x pending and future mortgage loan repurchase claims and other litigation claims in connection with WMC, which may affect our
estimates of liability, including possible loss estimates;
x our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do so;
x the adequacy of our cash flows and earnings and other conditions which may affect our ability to pay our quarterly dividend at
the planned level or to repurchase shares at planned levels;
x *(&DSLWDO¶V ability to pay dividends to GE at the planned level, which may be affected by *(&DSLWDO¶s cash flows and
earnings, financial services regulation and oversight, and other factors;
x our ability to convert pre-order commitments/wins into orders/bookings;
x the price we realize on orders/bookings since commitments/wins are stated at list prices;
x customer actions or developments such as early aircraft retirements or reduced energy demand and other factors that may
affect the level of demand and financial performance of the major industries and customers we serve;
x the effectiveness of our risk management framework;
x the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the impact of
financial services regulation and litigation;
x our capital allocation plans, as such plans may change including with respect to the timing and size of share repurchases,
acquisitions, joint ventures, dispositions and other strategic actions;
x our success in completing, including obtaining regulatory approvals for, announced transactions, such as the Appliances
disposition and our announced plan and transactions to reduce the size of our financial services businesses;
x our success in integrating acquired businesses and operating joint ventures;
x our ability to realize anticipated earnings and savings from announced transactions, acquired businesses and joint ventures;
x the impact of potential information technology or data security breaches; and
x the other factors that are described in the Risk Factors section of this Form 10-K report.
These or other 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. This document includes certain forward-looking projected
financial information that is based on current estimates and forecasts. Actual results could differ materially.