8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) April 17, 2015
	General Electric Company
	(Exact name of registrant as specified in its charter)
New York		001-00035	14-0689340
(State or other jurisdiction of incorporation)		(Commission File Number)	(IRS Employer Identification No.)
3135 Easton Turnpike, Fairfield, Connecticut			06828-0001
(Address of principal executive offices)			(Zip Code)
Registrant's telephone number, including area code   (203) 373-2211
(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On April 17, 2015, General Electric Company (the "Company") issued a press release setting forth GE's first-quarter 2015 earnings. A copy of GE's press release is being furnished as Exhibit 99 and hereby incorporated by reference.

The information furnished pursuant to this Item 2.02, including Exhibit 99, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934 (the "Exchange Act") or otherwise subject to the liabilities under that Section and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933 or the Exchange Act.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibit is being furnished as part of this report:

Exhibit Description

99Press release, dated: April 17, 2015, issued by General Electric Company

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	General Electric Company
	(Registrant)
Date: April 17, 2015	/s/ Jan R. Hauser
	Jan R. Hauser Vice President and Controller

EX-99

Exhibit 99

GENERAL ELECTRIC COMPANY
CONDENSED STATEMENT OF EARNINGS (LOSS) (UNAUDITED)
	Consolidated						GE(a)					Financial Services (GECC)
Three months ended March 31	2015		2014		V%		2015		2014		V%	2015		2014		V%
Revenues and other income
Sales of goods and services	$	23,684	$	23,850		(1)%	$	23,840	$	24,011	(1)%	$	21	$	27		(22)%
Other income		142		196				52		161			-		-
GECC earnings (loss) from continuing operations		-		-				(12,544)		1,693			-		-
GECC revenues from services		5,530		9,502				-		-			5,961		9,858
Total revenues and other income		29,356		33,548		(12)%		11,348		25,865	(56)%		5,982		9,885		(39)%
Costs and expenses
Cost of sales		18,166		18,522				18,325		18,685			18		25
Interest and other financial charges		1,930		2,141				389		365			1,651		1,887
Investment contracts, insurance losses and
insurance annuity benefits		616		620				-		-			644		643
Provision for losses on financing receivables		4,859		984				-		-			4,859		984
Other costs and expenses		8,733		7,962				3,825		3,808			5,111		4,341
Total costs and expenses		34,304		30,229		13%		22,539		22,858	(1)%		12,283		7,880		56%
Earnings (loss) from continuing operations
before income taxes		(4,948)		3,319		U		(11,191)		3,007	U		(6,301)		2,005		U
Benefit (provision) for income taxes		(6,458)		(619)				(306)		(318)			(6,152)		(301)
Earnings (loss) from continuing operations		(11,406)		2,700		U		(11,497)		2,689	U		(12,453)		1,704		U
Earnings (loss) from discontinued
operations, net of taxes		(2,202)		252				(2,202)		252			(2,201)		252
Net earnings (loss)		(13,608)		2,952		U		(13,699)		2,941	U		(14,654)		1,956		U
Less net earnings (loss) attributable to
noncontrolling interests		(35)		(47)				(126)		(58)			91		11
Net earnings (loss) attributable to
the Company		(13,573)		2,999		U		(13,573)		2,999	U		(14,745)		1,945		U
Preferred stock dividends declared		-		-				-		-			-		-
Net earnings (loss) attributable to
GE common shareowners	$	(13,573)	$	2,999		U	$	(13,573)	$	2,999	U	$	(14,745)	$	1,945		U
Amounts attributable to GE common
shareowners:
Earnings (loss) from continuing operations	$	(11,406)	$	2,700		U	$	(11,497)	$	2,689	U	$	(12,453)	$	1,704		U
Less net earnings (loss) attributable
to noncontrolling interests		(35)		(47)				(126)		(58)			91		11
Earnings (loss) from continuing operations
attributable to the Company		(11,371)		2,747		U		(11,371)		2,747	U		(12,544)		1,693		U
GECC preferred stock dividends declared		-		-				-		-			-		-
Earnings (loss) from continuing operations
attributable to GE common shareowners		(11,371)		2,747		U		(11,371)		2,747	U		(12,544)		1,693		U
Earnings (loss) from discontinued
operations, net of taxes		(2,202)		252				(2,202)		252			(2,201)		252
Net earnings (loss) attributable to GE
common shareowners	$	(13,573)	$	2,999		U	$	(13,573)	$	2,999	U	$	(14,745)	$	1,945		U
Per-share amounts - earnings (loss) from
continuing operations
Diluted earnings (loss) per share	$	(1.13)	$	0.27		U
Basic earnings (loss) per share	$	(1.13)	$	0.27		U
Per-share amounts - net earnings (loss)
Diluted earnings (loss) per share	$	(1.35)	$	0.30		U
Basic earnings (loss) per share	$	(1.35)	$	0.30		U
Total average equivalent shares
Diluted earnings		10,067		10,123		(1)%
Basic earnings		10,067		10,045		-
Dividends declared per common share	$	0.23	$	0.22		5%
Amounts attributable to GE
common shareowners:
Earnings (loss) from continuing operations	$	(11,371)	$	2,747		U
Adjustment (net of tax): non-operating
pension costs		452		342
Operating earnings (loss) (non-GAAP measure)	$	(10,919)	$	3,089		U
Operating earnings (loss) - diluted
earnings (loss) per share	$	(1.08)	$	0.30		U

(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. 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 2014 consolidated financial statements at www.ge.com/ar2014 for further information about consolidation matters.

GENERAL ELECTRIC COMPANY
SUMMARY OF OPERATING SEGMENTS (UNAUDITED)
	Three months ended March 31
(Dollars in millions)	2015		2014		V%
Revenues(a)
Power & Water	$	5,716	$	5,509	4%
Oil & Gas		3,961		4,308	(8)%
Energy Management		1,685		1,672	1%
Aviation		5,674		5,778	(2)%
Healthcare		4,075		4,198	(3)%
Transportation		1,308		1,227	7%
Appliances & Lighting		1,941		1,857	5%
Total industrial segment revenues		24,360		24,549	(1)%
GE Capital		5,982		9,885	(39)%
Total segment revenues		30,342		34,434	(12)%
Corporate items and eliminations(a)		(986)		(886)	(11)%
Consolidated revenues and other income
from continuing operations	$	29,356	$	33,548	(12)%
Segment profit (loss)(a)
Power & Water	$	871	$	888	(2)%
Oil & Gas		432		446	(3)%
Energy Management		28		5	F
Aviation		1,314		1,115	18%
Healthcare		587		570	3%
Transportation		225		202	11%
Appliances & Lighting		103		53	94%
Total industrial segment profit		3,560		3,279	9%
GE Capital		(12,544)		1,693	U
Total segment profit (loss)		(8,984)		4,972	U
Corporate items and eliminations(a)		(1,692)		(1,542)	(10)%
GE interest and other financial charges		(389)		(365)	(7)%
GE provision for income taxes		(306)		(318)	4%
Earnings (loss) from continuing operations
attributable to the Company		(11,371)		2,747	U
Earnings (loss) from discontinued operations,
net of taxes		(2,202)		252	U
Consolidated net earnings (loss) attributable to
the Company	$	(13,573)	$	2,999	U

(a) Segment revenues includes both revenues and other income related to the segment. Segment profit excludes results reported as discontinued operations, the portion of earnings attributable to noncontrolling interests of consolidated subsidiaries, and accounting changes. Segment profit excludes or includes interest and other financial charges and income taxes according to how a particular 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 Appliances & Lighting; included in determining segment profit, which we sometimes refer to as "net earnings," for GE Capital. Certain corporate costs, such as shared services, employee benefits and information technology are allocated to our segments based on usage. A portion of the remaining corporate costs are allocated based on each segment's relative net cost of operations. Total industrial segment revenues and profit include the sum of our seven industrial reporting segments without giving effect to the elimination of transactions among such segments. Total segment revenues and profit include the sum of our seven industrial segments and one financial services segment, without giving effect to the elimination of transactions among such segments.  We believe that this provides investors with a view as to the results of all of our segments, without inter-segment eliminations and corporate items.

GENERAL ELECTRIC COMPANY
SUMMARY OF OPERATING SEGMENTS
ADDITIONAL INFORMATION (UNAUDITED)
	Three months ended March 31
(Dollars in millions)	2015		2014		V%
GE Capital
Revenues	$	5,982	$	9,885	(39)%
Segment profit (loss)	$	(12,544)	$	1,693	U
Revenues
Commercial Lending & Leasing	$	1,556	$	3,582	(57)%
Consumer		2,058		3,602	(43)%
Energy Financial Services		285		469	(39)%
GECAS		1,282		1,345	(5)%
Segment profit (loss)
Commercial Lending & Leasing	$	(3,847)	$	564	U
Consumer		(2,775)		786	U
Energy Financial Services		35		153	(77)%
GECAS		307		352	(13)%

GENERAL ELECTRIC COMPANY
CONDENSED STATEMENT OF FINANCIAL POSITION (UNAUDITED)
	Consolidated				GE(a)				Financial Services (GECC)
	March 31,		December 31,		March 31,		December 31,		March 31,		December 31,
(Dollars in billions)	2015		2014		2015		2014		2015		2014
Assets
Cash & marketable securities	$	129.0	$	137.6	$	13.6	$	16.0	$	115.5	$	121.6
Receivables		20.5		23.2		10.8		11.5		-		-
Inventories		17.8		17.7		17.8		17.6		-		0.1
GECC financing receivables - net		68.0		205.2		-		-		78.1		217.4
Property, plant & equipment - net		61.2		66.2		16.5		17.2		45.1		49.4
Investment in GECC		-		-		65.8		82.5		-		-
Goodwill & intangible assets		83.3		90.1		62.4		64.5		20.9		25.6
Other assets		57.0		62.1		25.4		24.8		39.0		45.2
Financing receivables held for sale		93.0		1.8		-		-		93.0		1.8
Assets of businesses held for sale		56.5		6.3		2.9		2.8		53.6		3.5
Assets of discontinued operations		31.3		36.8		-		-		31.3		36.8
Total assets	$	617.6	$	647.0	$	215.2	$	236.9	$	476.5	$	501.4
Liabilities and equity
Borrowings and bank deposits	$	351.4	$	364.5	$	16.3	$	16.3	$	335.9	$	349.0
Investment contracts, insurance liabilities and
insurance annuity benefits		27.6		27.6		-		-		28.2		28.0
Other liabilities		111.8		112.3		87.9		90.0		30.4		29.5
Liabilities of businesses held for sale		7.4		3.4		1.5		1.5		6.3		2.4
Liabilities of discontinued operations		2.1		2.3		0.1		0.1		2.0		2.1
GE Shareowners' equity		108.6		128.2		108.6		128.2		70.7		87.5
Noncontrolling interests		8.7		8.7		0.8		0.8		3.0		2.9
Total liabilities and equity	$	617.6	$	647.0	$	215.2	$	236.9	$	476.5	$	501.4

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

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 2014 consolidated financial statements at www.ge.com/ar2014 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 (loss) and operating earnings (loss) per share (EPS) – excluding the GE Capital exit impacts

 Industrial operating earnings and EPS and GE Capital operating earnings (loss) and EPS

 Industrial operating earnings and EPS and GE Capital operating earnings (loss) and EPS – excluding the GE Capital exit impacts

 Earnings (loss) from continuing operations and EPS – excluding the GE Capital exit impacts

 Net earnings (loss) attributable to GE and EPS – excluding the GE Capital exit impacts

 Consolidated and GECC revenues – excluding the GE Capital exit impacts

 Industrial segment organic revenue growth

 Oil & Gas organic revenue and operating profit growth

 Industrial cash flows from operating activities (Industrial CFOA)

 GE Capital ending net investment (ENI), excluding liquidity

 GECC Tier 1 Common Ratio Estimate

The reconciliations of these measures to the most comparable GAAP measures follow.

OPERATING EARNINGS (LOSS) AND EPS - EXCLUDING THE GE CAPITAL EXIT IMPACTS
	Three months ended March 31
(Dollars in millions; except per share amounts)	2015		2014		V%
Earnings (loss) from continuing operations attributable to GE	$	(11,371)	$	2,747	U
Adjustment (net of tax): non-operating pension costs		452		342
Operating earnings (loss)		(10,919)		3,089
Adjustment (net of tax) - GE Capital exit impacts:
GE Capital Day 1 charge		13,764		-
Real Estate in discontinued operations		72		240
Forgone tax benefit primarily associated with ANZ Consumer disposition		231		-
Earnings (loss) from continuing operations
attributable to GE, excluding the GE Capital exit impacts		3,148		3,329	(5)%
Earnings (loss) per share – diluted(a)
Continuing earnings (loss) per share	$	(1.13)	$	0.27	U
Adjustment (net of tax): non-operating pension costs		0.04		0.03
Operating earnings (loss) per share		(1.08)		0.30	U
Adjustment (net of tax): GE Capital exit impacts		1.39		0.02
Operating earnings (loss) per share,
excluding the GE Capital exit impacts	$	0.31	$	0.33	(6)%

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

INDUSTRIAL OPERATING EARNINGS AND EPS AND GE CAPITAL OPERATING EARNINGS (LOSS) AND EPS
		Three months ended March 31
(Dollars in millions; except per share amounts)		2015		2014	V%
Earnings (loss) from continuing operations attributable to GE	$	(11,371)	$	2,747
Adjustment (net of tax): non-operating pension costs		452		342
Operating earnings (loss)		(10,919)		3,089	U
Less GECC earnings (loss) from continuing operations
attributable to GE common shareowners		(12,544)		1,693
Operating earnings (loss) excluding GECC earnings from continuing
operations attributable to GE
(Industrial operating earnings)	$	1,625	$	1,396	16%
Operating earnings(loss) less Industrial operating
earnings (GE Capital operating earnings (loss))		(12,544)		1,693	U
Operating earnings (loss)		(10,919)		3,089	U
Earnings (loss) per share - diluted (a)
Operating earnings (loss) per share attributable
to Industrial (Industrial operating EPS)	$	0.16	$	0.14	14%
Operating earnings (loss) per share attributable
to GE Capital (GE Capital operating EPS)		(1.25)		0.17	U
Total operating earnings (loss) per share	$	(1.08)	$	0.30	U

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

INDUSTRIAL OPERATING EARNINGS AND EPS AND GE CAPITAL OPERATING EARNINGS (LOSS) AND EPS -
EXCLUDING THE GE CAPITAL EXIT IMPACTS
		Three months ended March 31
(Dollars in millions; except per share amounts)		2015		2014	V%
Earnings (loss)from continuing operations attributable to GE	$	(11,371)	$	2,747
Adjustment (net of tax): non-operating pension costs		452		342
Operating earnings (loss)		(10,919)		3,089	U
Adjustment (net of tax) - GE Capital exit impacts:
GE Capital Day 1 charge		13,764		-
Real Estate in discontinued operations		72		240
Forgone tax benefit primarily associated with ANZ Consumer disposition		231		-
Operating earnings (loss) excluding the GE Capital exit impacts		3,148		3,329	(5)%
GECC earnings (loss) from continuing operations attributable to GE		(12,544)		1,693
Adjustment (net of tax): Real Estate in discontinued operations		-		240
GECC earnings (loss) from continuing operations
attributable to GE common shareowners (2014 as reported)		(12,544)		1,933
Operating earnings (loss) excluding the GE Capital exit impacts and GECC earnings from
continuing operations attributable to GE (Industrial operating earnings)	$	1,625	$	1,396	16%
Operating earnings (loss) excluding the GE Capital exit impacts, less Industrial operating earnings
(GE Capital operating earnings excluding the GE Capital exit impacts)		1,523		1,933	(21)%
Operating earnings (loss) excluding the GE Capital exit impacts		3,148		3,329	(5)%
Earnings (loss) per share - diluted(a)
Operating earnings (loss) per share attributable to Industrial
(Industrial operating EPS)	$	0.16	$	0.14	14%
Operating earnings (loss) per share attributable to GE Capital
(GE Capital operating EPS excluding the GE Capital exit impacts)		0.15		0.19	(21)%
Total operating EPS excluding the GE Capital exit impacts	$	0.31	$	0.33	(6)%

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

Operating earnings (loss) 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, prior service cost and curtailment loss 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 (loss) 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 capital allocation decisions and 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.

We believe that presenting operating earnings and operating EPS separately for our industrial and financial services businesses also provides management and investors with useful information about the relative size of our industrial and financial services businesses in relation to the total company. We also believe that operating earnings and EPS excluding the effects of the GE Capital exit impacts, which include charges recorded in the first quarter of 2015, the classification of certain businesses as discontinued operations and forgone tax benefits, are meaningful measures because they increase the comparability of period-to-period results.

EARNINGS (LOSS) FROM CONTINUING OPERATIONS AND EPS - EXCLUDING THE GE CAPITAL EXIT IMPACTS
	Three months ended March 31
(Dollars in millions; except per share amounts)	2015		2014		V%
Earnings (loss) from continuing operations attributable to GE	$	(11,371)	$	2,747	U
Adjustment (net of tax) - GE Capital exit impacts:
GE Capital Day 1 charge		13,764		-
Real Estate in discontinued operations		72		240
Forgone tax benefit primarily associated with ANZ Consumer disposition		231		-
Earnings (loss) from continuing operations attributable to GE, excluding the GE Capital exit impacts		2,696		2,987	(10)%
Earnings (loss) per share – diluted(a)
Continuing earnings (loss) per share	$	(1.13)	$	0.27	U
Adjustment (net of tax): GE Capital exit impacts		1.39		0.02
Earnings (loss) per share, excluding the GE Capital exit impacts	$	0.27	$	0.29	(7)%

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

NET EARNINGS (LOSS) ATTRIBUTABLE TO GE AND EPS - EXCLUDING THE GE CAPITAL EXIT IMPACTS
	Three months ended March 31
(Dollars in millions; except per share amounts)	2015		2014		V%
Net earnings (loss) from continuing operations attributable to GE	$	(13,573)	$	2,999	U
Adjustment (net of tax) - GE Capital exit impacts:
GE Capital Day 1 charge		13,764		-
Real Estate in discontinued operations		72		-
Forgone tax benefit primarily associated with ANZ Consumer disposition		231		-
GE Capital Day 1 charge in discontinued operations		2,284		-
Net earnings (loss) from continuing operations attributable to GE, excluding the GE Capital exit impacts		2,778		2,999	(7)%
Earnings (loss) per share – diluted(a)
Continuing earnings (loss) per share	$	(1.35)	$	0.30	U
Adjustment (net of tax): GE Capital exit impacts		1.61		-
Net earnings (loss) per share, excluding the GE Capital exit impacts	$	0.27	$	0.30	(10)%

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

We have presented our earnings from continuing operations and EPS and net earnings and EPS excluding the GE Capital exit impacts, which include charges recorded in the first quarter of 2015, the classification of certain businesses as discontinued operations and forgone tax benefits. We believe that earnings from continuing operations and EPS and net earnings and EPS excluding the GE Capital exit impacts are meaningful measures because they increase the comparability of period-to-period results.

CONSOLIDATED AND GECC REVENUES - EXCLUDING THE GE CAPITAL EXIT IMPACTS
	Three Months Ended March 31
(Dollars in millions)		2015		2014	V%
Consolidated revenues from continuing operations		29,356		33,548	(12)%
Adjustment: GE Capital Day 1 charge		3,249		-
Adjustment: Real Estate in discontinued operations		499		630
Consolidated revenues excluding the GE Capital exit impacts	$	33,104	$	34,178	(3)%
GECC revenues from continuing operations		5,982		9,885	(39)%
Adjustment: GE Capital Day 1 charge		3,249		-
Adjustment: Real Estate in discontinued operations		499		630
Revenues excluding the GE Capital exit impacts	$	9,730	$	10,515	(7)%

We have presented our consolidated revenues and GECC revenues excluding the GE Capital exit impacts, which include certain charges recorded in the first quarter of 2015 and the classification of certain businesses as discontinued operations. We believe that revenues adjusted for the GE Capital exit impacts are meaningful measures because they increase the comparability of period-to-period results.

INDUSTRIAL SEGMENT ORGANIC REVENUE GROWTH
	Three Months Ended March 31
(Dollars in millions)		2015		2014	V%
Segment revenues:
Power & Water	$	5,716	$	5,509
Oil & Gas		3,961		4,308
Energy Management		1,685		1,672
Aviation		5,674		5,778
Healthcare		4,075		4,198
Transportation		1,308		1,227
Appliances & Lighting		1,941		1,857
Industrial segment revenues		24,360		24,549	(1)%
Less the effects of:
Acquisitions, business dispositions (other than
dispositions of businesses acquired for investment)
and currency exchange rates		(769)		202
Industrial segment revenues excluding effects of acquisitions,
business dispositions (other than dispositions of
businesses acquired for investment) and currency
exchange rates (Industrial segment organic revenues)	$	25,129	$	24,347	3%

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.

OIL & GAS ORGANIC REVENUE GROWTH
	Three Months Ended March 31
(Dollars in millions)		2015		2014	V%
Oil & Gas segment revenue	$	3,961	$	4,308	(8)%
Less the effects of:
Acquisitions, business dispositions (other than
dispositions of businesses acquired for investment)
and currency exchange rates		(239)		121
Oil & Gas revenues excluding effects of acquisitions,
business dispositions (other than dispositions of
businesses acquired for investment) and currency
exchange rates (Oil & Gas organic revenue)	$	4,200	$	4,187	-%

OIL & GAS ORGANIC OPERATING PROFIT GROWTH
	Three Months Ended March 31
(Dollars in millions)		2015		2014	V%
Oil & Gas segment profit	$	432	$	446	(3)%
Less the effects of:
Acquisitions, business dispositions (other than
dispositions of businesses acquired for investment)
and currency exchange rates		(64)		-
Oil & Gas segment profit excluding effects of acquisitions,
business dispositions (other than dispositions of
businesses acquired for investment) and currency
exchange rates (Oil & Gas organic operating profit)	$	496	$	446	11%

Organic revenue and operating profit growth measure revenue and profit excluding the effects of acquisitions, business dispositions and currency exchange rates. We believe that these measures provide 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. Management recognizes that the terms "organic revenue growth" and "organic operating profit 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 Oil & Gas business and may therefore be a useful tool in assessing period-to-period performance trends.

INDUSTRIAL CASH FLOWS FROM OPERATING ACTIVITIES (INDUSTRIAL CFOA)
	Three months ended March 31
(Dollars in millions)		2015		2014	V%
Cash from GE's operating activities (continuing operations), as reported	$	1,340	$	1,750	(23)%
Less dividends from GECC		450		500
Cash from GE's operating activities (continuing operations),
excluding dividends from GECC (Industrial CFOA)	$	890	$	1,250	(29)%

We define "Industrial CFOA" as GE's cash from operating activities (continuing operations) 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.

GE CAPITAL ENDING NET INVESTMENT (ENI), EXCLUDING LIQUIDITY
(Dollars in billions)	March 31, 2015		December 31, 2014(b)			March 31, 2014(b)
GECC total assets	$	476.5	$	500.2	$	510.4
Less assets of discontinued operations		31.3		1.2		1.4
Less non-interest bearing liabilities		66.0		60.5		60.0
GE Capital ENI		379.2		438.5		449.0
Less liquidity(a)		76.4		75.5		75.3
GE Capital ENI, excluding liquidity	$	302.8	$	363.0	$	373.7
Percentage variance to March 31, 2014		(19)%

(a) Liquidity includes cash and equivalents and $2.8 billion and $1.2 billion of debt obligations of the U.S. Treasury at March 31, 2015 and December 31, 2014, respectively.

(b) As originally reported.

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 liquidity, we provide a meaningful measure of assets requiring capital to fund our GE Capital segment as a substantial amount of liquidity resulted from debt issuances to pre-fund future debt maturities and will not be used to fund additional assets. Liquidity consists of cash and equivalents and certain debt obligations of the U.S. Treasury. As a general matter, investments included in liquidity are expected to be highly liquid, giving us the ability to readily convert them to cash. 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.

GECC TIER 1 COMMON RATIO ESTIMATE(a)
(Dollars in billions)	Three months ended March 31, 2015
Shareowners' equity(b)		$	70.7
Adjustments:
Preferred equity			(4.9)
Goodwill and other intangible assets			(22.0)
Other additions (deductions)			1.2
GECC Tier 1 common			45.0
Estimated risk-weighted assets(c)			422.8
GECC Tier 1 common ratio estimate			10.6%

(a) Includes discontinued operations.

(b) Total equity excluding noncontrolling interests.

(c) Based on Basel 3 risk-weighted assets estimates.

The GECC Tier 1 common ratio estimate is the ratio of Tier 1 common equity to total risk-weighted assets as calculated based on our interpretation of the standardized U.S. Basel 3 capital rules on a transitional basis. We are not required by regulators to disclose this capital ratio, and therefore this capital ratio is considered a non-GAAP financial measure. We believe that this capital ratio is a useful measure to investors because it is widely used by analysts and regulators to assess the capital position of financial services companies.