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) October 16, 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 October 16, 2015, General Electric Company (the "Company") released its third-quarter 2015 financial results on its investor relations website at www.ge.com/investor. A copy of these is attached as Exhibit 99 and incorporated by reference herein.

Except as indicated below, the information provided pursuant to this Item 2.02, including Exhibit 99, is being furnished and 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.  The information set forth in Exhibit 99 under the headings "Condensed Statement of Earnings (Loss) (Unaudited),"  "Summary of Operating Segments (Unaudited)," "Summary of Operating Segments Additional Information (Unaudited)" and "Condensed Statement of Financial Position (Unaudited)" is being filed.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

The following exhibit is being furnished (except for those portions that are deemed "filed" as indicated above) as part of this report:

Exhibit Description

99Third-quarter 2015 financial results released on General Electric Company's website on October 16, 2015.

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: October 16, 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 September 30	2015		2014		V%	2015		2014		V%	2015		2014		V%
Revenues and other income
Sales of goods and services	$	25,527	$	25,890	(1)%	$	25,612	$	26,025	(2)%	$	21	$	28	(25)%
Other income		169		258			201		236			-		-
GECC earnings from continuing operations		-		-			734		843			-		-
GECC revenues from services		5,984		5,959			-		-			6,290		6,356
Total revenues and other income		31,680		32,107	(1)%		26,547		27,104	(2)%		6,312		6,384	(1)%
Costs and expenses
Cost of sales		19,249		19,740			19,336		19,877			18		25
Interest and other financial charges		1,462		1,325			440		377			1,151		1,061
Investment contracts, insurance losses and
insurance annuity benefits		676		662			-		-			717		700
Provision for losses on financing receivables		738		858			-		-			738		858
Other costs and expenses		6,298		6,318			3,549		3,686			2,918		2,857
Total costs and expenses		28,423		28,903	(2)%		23,325		23,940	(3)%		5,542		5,501	1%
Earnings from continuing operations
before income taxes		3,257		3,204	2%		3,222		3,164	2%		769		883	(13)%
Benefit (provision) for income taxes		(365)		(401)			(413)		(416)			48		15
Earnings from continuing operations		2,892		2,803	3 %		2,809		2,748	2%		817		898	(9)%
Earnings (loss) from discontinued
operations, net of taxes		(347)		706			(347)		706			(347)		706
Net earnings		2,545		3,509	(27)%		2,462		3,454	(29)%		470		1,604	(71)%
Less net earnings (loss) attributable to
noncontrolling interests		39		(28)			(43)		(83)			83		55
Net earnings attributable
to the Company		2,506		3,537	(29)%		2,506		3,537	(29)%		387		1,549	(75)%
Preferred stock dividends declared		-		-			-		-			-		-
Net earnings attributable to
GE common shareowners	$	2,506	$	3,537	(29)%	$	2,506	$	3,537	(29)%	$	387	$	1,549	(75)%
Amounts attributable to GE common
shareowners:
Earnings from continuing operations	$	2,892	$	2,803	3 %	$	2,809	$	2,748	2%	$	817	$	898	(9)%
Less net earnings (loss) attributable
to noncontrolling interests		39		(28)			(43)		(83)			83		55
Earnings from continuing operations
attributable to the Company		2,853		2,831	1 %		2,853		2,831	1%		734		843	(13)%
GECC preferred stock dividends declared		-		-			-		-			-		-
Earnings from continuing operations
attributable to GE common shareowners		2,853		2,831	1 %		2,853		2,831	1%		734		843	(13)%
Earnings (loss) from discontinued
operations, net of taxes		(347)		706			(347)		706			(347)		706
Net earnings attributable to GE
common shareowners	$	2,506	$	3,537	(29)%	$	2,506	$	3,537	(29)%	$	387	$	1,549	(75)%
Per-share amounts - earnings from
continuing operations
Diluted earnings per share	$	0.28	$	0.28	-%
Basic earnings per share	$	0.28	$	0.28	-%
Per-share amounts - net earnings
Diluted earnings per share	$	0.25	$	0.35	(29)%
Basic earnings per share	$	0.25	$	0.35	(29)%
Total average equivalent shares
Diluted earnings		10,173		10,119	1%
Basic earnings		10,103		10,039	1%
Dividends declared per common share	$	0.23	$	0.22	5%
Amounts attributable to GE
common shareowners:
Earnings from continuing operations	$	2,853	$	2,831	1%
Adjustment (net of tax): non-operating
pension costs		450		349
Operating earnings (non-GAAP measure)	$	3,303	$	3,180	4%
Operating earnings - diluted
earnings per share (non-GAAP measure)	$	0.32	$	0.31	3%

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

Amounts may not add due to rounding.

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 and our Form 8-K filed on August 7, 2015 for further information about consolidation matters.

GENERAL ELECTRIC COMPANY
CONDENSED STATEMENT OF EARNINGS (LOSS) (UNAUDITED)
	Consolidated						GE(a)					Financial Services (GECC)
Nine months ended September 30	2015		2014		V%		2015		2014		V%	2015		2014		V%
Revenues and other income
Sales of goods and services	$	75,266	$	75,839		(1)%	$	75,592	$	76,262	(1)%	$	64	$	89		(28)%
Other income		1,092		792				1,023		689			-		-
GECC earnings (loss) from continuing operations		-		-				(7,394)		3,252			-		-
GECC revenues from services		16,373		17,964				-		-			17,388		19,134
Total revenues and other income		92,731		94,595		(2)%		69,221		80,203	(14)%		17,452		19,223		(9)%
				-						-					-
Costs and expenses
Cost of sales		57,438		58,268				57,769		58,698			58		81
Interest and other financial charges		3,976		3,975				1,243		1,142			3,096		3,184
Investment contracts, insurance losses and
insurance annuity benefits		1,952		1,940				-		-			2,070		2,041
Provision for losses on financing receivables		4,636		2,693				-		-			4,636		2,693
Other costs and expenses		19,125		18,744				11,035		11,355			8,555		8,005
Total costs and expenses		87,127		85,620		2%		70,048		71,195	(2)%		18,415		16,004		15%
Earnings (loss) from continuing operations
before income taxes		5,604		8,975		(38)%		(827)		9,008	U		(963)		3,219		U
Benefit (provision) for income taxes		(7,466)		(1,034)				(1,302)		(1,143)			(6,164)		109
Earnings (loss) from continuing operations		(1,862)		7,941		U		(2,129)		7,865	U		(7,127)		3,328		U
Earnings (loss) from discontinued
operations, net of taxes		(10,336)		2,065				(10,336)		2,065			(10,332)		2,070
Net earnings (loss)		(12,198)		10,006		U		(12,465)		9,930	U		(17,459)		5,398		U
Less net earnings (loss) attributable to
noncontrolling interests		229		(75)				(38)		(151)			267		76
Net earnings (loss) attributable to
the Company		(12,427)		10,081		U		(12,427)		10,081	U		(17,726)		5,322		U
Preferred stock dividends declared		-		-				-		-			(161)		(161)
Net earnings (loss) attributable to
GE common shareowners	$	(12,427)	$	10,081		U	$	(12,427)	$	10,081	U	$	(17,887)	$	5,161		U
Amounts attributable to GE common
shareowners:
Earnings (loss) from continuing operations	$	(1,862)	$	7,941		U	$	(2,129)	$	7,865	U	$	(7,127)	$	3,328		U
Less net earnings (loss) attributable										-
to noncontrolling interests		229		(75)				(38)		(151)			267		76
Earnings (loss) from continuing operations
attributable to the Company		(2,091)		8,016		U		(2,091)		8,016	U		(7,394)		3,252		U
GECC preferred stock dividends declared		-		-				-		-			(161)		(161)
Earnings (loss) from continuing operations
attributable to GE common shareowners		(2,091)		8,016		U		(2,091)		8,016	U		(7,555)		3,091		U
Earnings (loss) from discontinued
operations, net of taxes		(10,336)		2,065				(10,336)		2,065			(10,332)		2,070
Net earnings (loss) attributable to GE
common shareowners	$	(12,427)	$	10,081		U	$	(12,427)	$	10,081	U	$	(17,887)	$	5,161		U
Per-share amounts - earnings (loss) from
continuing operations
Diluted earnings (loss) per share	$	(0.21)	$	0.79		U
Basic earnings (loss) per share	$	(0.21)	$	0.80		U
Per-share amounts - net earnings (loss)
Diluted earnings (loss) per share	$	(1.23)	$	0.99		U
Basic earnings (loss) per share	$	(1.23)	$	1.00		U
Total average equivalent shares
Diluted earnings		10,085		10,121		- %
Basic earnings		10,085		10,042		- %
Dividends declared per common share	$	0.69	$	0.66		5%
Amounts attributable to GE
common shareowners:
Earnings (loss) from continuing operations	$	(2,091)	$	8,016		U
Adjustment (net of tax): non-operating
pension costs		1,350		1,035
Operating earnings (loss) (non-GAAP measure)	$	(741)	$	9,051		U
Operating earnings (loss) - diluted
earnings (loss) per share (non-GAAP measure)	$	(0.07)	$	0.89		U

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

Amounts may not add due to rounding.

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 and our Form 8-K filed on August 7, 2015 for further information about consolidation matters.

GENERAL ELECTRIC COMPANY
SUMMARY OF OPERATING SEGMENTS (UNAUDITED)
	Three months ended September 30					Nine months ended September 30
(Dollars in millions)	2015		2014		V%	2015		2014		V%
Revenues(a)
Power & Water	$	6,461	$	6,375	1 %	$	18,978	$	18,176	4 %
Oil & Gas		3,868		4,597	(16)%		11,891		13,666	(13)%
Energy Management		1,773		1,813	(2)%		5,226		5,341	(2)%
Aviation		6,001		5,698	5 %		17,927		17,566	2 %
Healthcare		4,255		4,485	(5)%		12,666		13,166	(4)%
Transportation		1,593		1,540	3 %		4,322		4,073	6 %
Appliances & Lighting		2,293		2,117	8 %		6,469		6,094	6 %
Total industrial segment revenues		26,243		26,625	(1)%		77,479		78,082	(1)%
GE Capital		6,312		6,384	(1)%		17,452		19,223	(9)%
Total segment revenues		32,555		33,009	(1)%		94,931		97,305	(2)%
Corporate items and eliminations(a)		(875)		(902)	(3)%		(2,201)		(2,710)	(19)%
Consolidated revenues and other income
from continuing operations	$	31,680	$	32,107	(1)%	$	92,731	$	94,595	(2)%
Segment profit (loss)(a)
Power & Water	$	1,270	$	1,191	7 %	$	3,362	$	3,212	5 %
Oil & Gas		584		660	(12)%		1,599		1,771	(10)%
Energy Management		127		59	F		237		133	78 %
Aviation		1,353		1,264	7 %		3,936		3,576	10 %
Healthcare		652		727	(10)%		1,944		2,027	(4)%
Transportation		379		342	11 %		934		814	15 %
Appliances & Lighting		165		88	88 %		432		243	78 %
Total industrial segment profit		4,530		4,331	5 %		12,445		11,776	6 %
GE Capital		734		843	(13)%		(7,555)		3,091	U
Total segment profit (loss)		5,264		5,174	2 %		4,890		14,867	(67)%
Corporate items and eliminations(a)		(1,559)		(1,550)	1 %		(4,436)		(4,566)	(3)%
GE interest and other financial charges		(440)		(377)	17 %		(1,243)		(1,142)	9 %
GE provision for income taxes		(413)		(416)	(1)%		(1,302)		(1,143)	14 %
Earnings (loss) from continuing operations
attributable to the Company		2,853		2,831	1 %		(2,091)		8,016	U
Earnings (loss) from discontinued operations,
net of taxes		(347)		706	U		(10,336)		2,065	U
Consolidated net earnings (loss)
attributable to the Company	$	2,506	$	3,537	(29)%	$	(12,427)	$	10,081	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.

Amounts may not add due to rounding

GENERAL ELECTRIC COMPANY
SUMMARY OF OPERATING SEGMENTS
ADDITIONAL INFORMATION (UNAUDITED)
	Three months ended September 30					Nine months ended September 30
(Dollars in millions)	2015		2014		V%	2015		2014		V%
GE Capital
Revenues
Commercial Lending and Leasing (CLL)	$	285	$	251	14 %	$	790	$	743	6 %
Consumer		3,652		3,622	1 %		9,237		10,822	(15)%
Energy Financial Services		225		344	(35)%		906		1,120	(19)%
GE Capital Aviation Services (GECAS)		1,307		1,262	4 %		3,935		3,952	- %
		5,468		5,479	-   %		14,867		16,637	(11)%
GECC corporate items and eliminations		843		905	(7)%		2,585		2,586	- %
Total revenues	$	6,312	$	6,384	(1)%	$	17,452	$	19,223	(9)%
Segment profit (loss)
CLL	$	111	$	90	23 %	$	286	$	252	13 %
Consumer		795		621	28 %		(1,521)		1,879	U
Energy Financial Services		(38)		61	U		106		290	(63)%
GECAS		313		133	F		981		828	18 %
		1,180		905	30 %		(149)		3,249	U
GECC corporate items and eliminations		(445)		(62)	U		(7,245)		3	U
Preferred stock dividends declared		-		-	- %		(161)		(161)	- %
Total segment profit (loss)	$	734	$	843	(13)%	$	(7,555)	$	3,091	U

Amounts may not add due to rounding

GENERAL ELECTRIC COMPANY
CONDENSED STATEMENT OF FINANCIAL POSITION (UNAUDITED)
	Consolidated				GE(a)				Financial Services (GECC)
	September 30,		December 31,		September 30,		December 31,		September 30,		December 31,
(Dollars in billions)	2015		2014		2015		2014		2015		2014
Assets
Cash & marketable securities	$	136.0	$	123.3	$	16.9	$	16.0	$	119.1	$	107.3
Receivables		22.3		23.2		10.8		11.5		-		-
Inventories		19.3		17.7		19.2		17.6		0.1		0.1
GECC financing receivables - net		72.4		110.3		-		-		83.7		122.5
Property, plant & equipment - net		50.7		48.3		16.7		17.2		34.5		31.5
Investment in GECC		-		-		63.2		82.5		-		-
Goodwill & intangible assets		75.3		76.8		62.6		64.5		12.6		12.3
Other assets		52.2		60.2		33.3		33.5		26.7		34.3
Financing receivables held for sale		22.8		0.4		-		-		23.7		0.8
Assets of businesses held for sale		8.3		6.3		3.4		2.8		4.9		3.5
Assets of discontinued operations		121.9		186.9		-		-		121.9		186.9
Total assets	$	581.3	$	653.5	$	226.1	$	245.7	$	427.4	$	499.2
Liabilities and equity
Borrowings and bank deposits	$	275.2	$	313.7	$	20.7	$	16.3	$	255.7	$	298.3
Investment contracts, insurance liabilities and
insurance annuity benefits		26.1		27.6		-		-		26.6		28.0
Other liabilities		114.9		123.2		91.7		98.7		29.8		31.3
Liabilities of businesses held for sale		1.4		3.4		1.8		1.5		0.3		2.4
Liabilities of discontinued operations		43.8		48.8		0.1		0.1		43.6		48.7
GE Shareowners' equity		111.2		128.2		111.2		128.2		68.2		87.5
Noncontrolling interests		8.8		8.7		0.7		0.8		3.2		2.9
Total liabilities and equity	$	581.3	$	653.5	$	226.1	$	245.7	$	427.4	$	499.2

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

Amounts may not add due to rounding

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 and our Form 8-K filed on August 7, 2015 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:

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

· GE Industrial operating + Verticals EPS

· GE Industrial + Verticals revenues

· Industrial segment organic revenue growth

· Industrial segment organic operating profit growth

· Oil & Gas organic 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. Effective September 30, 2015, certain columns and rows may not add due to the use of rounded numbers. Percentages presented are calculated from the underlying numbers in millions.

INDUSTRIAL OPERATING EARNINGS AND EPS AND GE CAPITAL OPERATING EARNINGS (LOSS) AND EPS
		Three months ended September 30					Nine months ended September 30
(Dollars in millions; except per share amounts)		2015		2014	V%		2015		2014	V%
Earnings (loss) from continuing operations attributable to GE	$	2,853	$	2,831		$	(2,091)	$	8,016
Adjustment (net of tax): non-operating pension costs		450		349			1,350		1,035
Operating earnings (loss)		3,303		3,180	4%		(741)		9,051	U
Less GECC earnings (loss) from continuing operations
attributable to GE common shareowners		734		843			(7,555)		3,091
Operating earnings excluding GECC earnings from continuing
operations attributable to GE
(Industrial operating earnings)	$	2,569	$	2,337	10%	$	6,814	$	5,960	14%
Operating earnings (loss) less Industrial operating
earnings (GE Capital operating earnings (loss))		734		843	(13)%		(7,555)		3,091	U
Operating earnings (loss)		3,303		3,180	4%		(741)		9,051	U
Earnings (loss) per share - diluted(a)
Operating earnings per share attributable
to Industrial (Industrial operating EPS)	$	0.25	$	0.23	9%	$	0.68	$	0.59	15%
Operating earnings (loss) per share  attributable
to GE Capital (GE Capital operating EPS)		0.07		0.08	(13)%		(0.75)		0.31	U
Total operating earnings (loss) per share	$	0.32	$	0.31	3%	$	(0.07)	$	0.89	U

(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.

GE INDUSTRIAL OPERATING + VERTICALS EPS
		Three months ended September 30					Nine months ended September 30
(Dollars in millions; except per share amounts)		2015		2014	V%		2015		2014	V%
GE Capital operating earnings (loss)	$	734	$	843	(13)%		(7,555)		3,091	U
Less: Verticals earnings(a)		351		226			1,228		1,199
GE Capital operating earnings less Verticals earnings(b)	$	384	$	617	(38)%		(8,783)		1,892	U
Industrial operating earnings	$	2,569	$	2,337	10%	$	6,814	$	5,960	14%
Verticals earnings(a)		351		226			1,228		1,199
Industrial operating earnings + Verticals earnings	$	2,920	$	2,563	14%		8,042		7,159	12%
Earnings (loss) per share - diluted(c)
Industrial operating earnings-per-share	$	0.25	$	0.23	9%	$	0.68	$	0.59	15%
Verticals earnings-per-share		0.03		0.02	50%		0.12		0.12	-%
Industrial operating + Verticals earnings-per-share	$	0.29	$	0.25	16%	$	0.80	$	0.71	13%

(a) Verticals include businesses expected to be retained (GECAS, EFS, Healthcare Equipment Finance, Working Capital Solutions, and run-off Insurance), including allocated corporate costs of $25 million and $58 million after tax in the three months ended September 30, 2015 and 2014, respectively.

(b) Includes $795 million and $621 million of Consumer after-tax operating earnings for the three months ended September 30, 2015 and 2014, respectively.

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

As described above, Verticals represents the GECC businesses that we expect to retain.  We believe that presenting Industrial operating + Vertical earnings-per-share amounts provides management and investors with a useful measure to evaluate the performance of the businesses we expect to retain after the disposition of most of our financial services business.

GE INDUSTRIAL + VERTICALS REVENUES
		Three months ended September 30
(Dollars in millions)		2015		2014	V%
GE Capital revenues	$	6,312	$	6,384	(1)%
Less: Verticals revenues(a)		2,577		2,655	(3)%
GE Capital revenues less Verticals revenues	$	3,735	$	3,729	-%
Industrial segment revenues	$	26,243	$	26,625	(1)%
Verticals revenues(a)		2,577		2,655	(3)%
Corporate items and eliminations		(875)		(902)	(3)%
GE Industrial + Verticals revenues	$	27,945	$	28,378	(2)%
Less the effects of:
Acquisitions, business dispositions (other than
dispositions of businesses acquired for investment)
and currency exchange rates		(932)		111
GE Industrial + Verticals revenues excluding effects of acquisitions,
business dispositions (other than dispositions of
businesses acquired for investment) and currency
exchange rates (GE Industrial + Verticals revenues)	$	28,877	$	28,267	2%

(a) Verticals include businesses expected to be retained (GECAS, EFS, Healthcare Equipment Finance, Working Capital Solutions, and run-off Insurance).

As described above, Verticals represents the GECC businesses that we expect to retain.  We believe that presenting Industrial + Verticals revenues amounts provides management and investors with a useful measure to evaluate the performance of the businesses we expect to retain after the disposition of most of our financial services business.

INDUSTRIAL SEGMENT ORGANIC REVENUE GROWTH
	Three months ended September 30					Nine months ended September 30
(Dollars in millions)		2015		2014	V%		2015		2014	V%
Segment revenues:
Power & Water	$	6,461	$	6,375		$	18,978	$	18,176
Oil & Gas		3,868		4,597			11,891		13,666
Energy Management		1,773		1,813			5,226		5,341
Aviation		6,001		5,698			17,927		17,566
Healthcare		4,255		4,485			12,666		13,166
Transportation		1,593		1,540			4,322		4,073
Appliances & Lighting		2,293		2,117			6,469		6,094
Industrial segment revenues		26,243		26,625	(1)%		77,479		78,082	(1)%
Less the effects of:
Acquisitions, business dispositions (other than
dispositions of businesses acquired for investment)
and currency exchange rates		(1,238)		76			(3,217)		563
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)	$	27,481	$	26,549	4%	$	80,696	$	77,519	4%

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.

INDUSTRIAL SEGMENT ORGANIC OPERATING PROFIT GROWTH
	Three months ended September 30					Nine months ended September 30
(Dollars in millions)		2015		2014	V%		2015		2014	V%
Industrial segment profit	$	4,530	$	4,331	5%	$	12,445	$	11,776	6%
Less the effects of:
Acquisitions, business dispositions (other than
dispositions of businesses acquired for
investment) and currency exchange rates		(168)		29			(483)		89
Industrial segment profit excluding effects of acquisitions,
business dispositions (other than dispositions of
businesses acquired for investment) and currency
exchange rates (Industrial segment organic operating profit)	$	4,698	$	4,302	9%	$	12,928	$	11,687	11%

Operating profit growth measures profit 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. Management recognizes that the term "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 respective businesses or companies and may therefore be a useful tool in assessing period-to-period performance trends.

OIL & GAS ORGANIC OPERATING PROFIT GROWTH
	Three months ended September 30
(Dollars in millions)		2015		2014	V%
Oil & Gas segment profit	$	584	$	660	(12)%
Less the effects of:
Acquisitions, business dispositions (other than
dispositions of businesses acquired for investment)
and currency exchange rates		(75)		2
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)	$	659	$	658	-%

INDUSTRIAL CASH FLOWS FROM OPERATING ACTIVITIES (INDUSTRIAL CFOA)
	Nine months ended September 30
(Dollars in millions)		2015		2014	V%
Cash from GE's operating activities (continuing operations), as reported	$	6,526	$	7,175	(9)%
Less dividends from GECC		450		2,221
Cash from GE's operating activities (continuing operations),
excluding dividends from GECC (Industrial CFOA)	$	6,076	$	4,954	23%

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 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)	September 30, 2015		September 30, 2014(b)
Financial Services (GECC) total assets	$	427.4	$	506.9
Adjustment deferred Income taxes		6.4		-
GECC total assets		433.8		506.9
Less assets of discontinued operations		121.9		1.3
Less non-interest bearing liabilities		50.3		60.9
GE Capital ENI		261.6		444.7
Less liquidity(a)		85.5		79.9
GE Capital ENI, excluding liquidity	$	176.1	$	364.8
Discontinued operations, excluding liquidity		94.5
GECC ENI, excluding  liquidity	$	270.6
GE Capital ENI percentage variance to September 30, 2014		(52)%

(a) Liquidity includes cash and equivalents and $3.2 billion of debt obligations of the U.S. Treasury at September 30, 2015.

(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)	September 30, 2015
Shareowners' equity(b)		$	68.2
Adjustments:
Preferred equity			(4.9)
Goodwill and other intangible assets			(15.5)
Other additions (deductions)			1.1
GECC Tier 1 common			48.9
Estimated risk-weighted assets(c)			356.7
GECC Tier 1 common ratio estimate			13.7%

(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, which is  subject to review and consultation with our regulators. As such, the methodology of calculating this ratio may be refined over time as we discuss its interpretation and application with our regulators. We are not required by our regulators to disclose this estimated 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.