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 22, 2016
	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 22, 2016, General Electric Company (the "Company") released its first-quarter 2016 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

99First-quarter 2016 financial results released on General Electric Company's website on April 22, 2016.

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 22, 2016	/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 (GE Capital)
Three months ended March 31	2016		2015		V%		2016		2015		V%	2016		2015		V%
Revenues and other income
Sales of goods and services	$	25,314	$	23,683		7%	$	25,407	$	23,839	7%	$	25	$	21		19%
Other income		9		142				92		52			-		-
GE Capital earnings (loss) from continuing operations		-		-				(893)		(5,721)			-		-
GE Capital revenues from services		2,522		2,414				-		-			2,860		2,845
Total revenues and other income		27,845		26,239		6%		24,606		18,171	35%		2,885		2,866		1%
Costs and expenses
Cost of sales		20,362		18,682				19,890		18,325			589		535
Selling, general and administrative expenses		4,608		4,415				3,982		3,825			874		792
Interest and other financial charges		1,736		618				440		389			1,430		339
Investment contracts, insurance losses and
insurance annuity benefits		642		613				-		-			671		642
Other costs and expenses		259		291				-		-			268		290
Total costs and expenses		27,606		24,619		12%		24,313		22,540	8%		3,833		2,597		48%
Earnings (loss) from continuing operations
before income taxes		238		1,621		(85)%		294		(4,369)	F		(948)		269		U
Benefit (provision) for income taxes		139		(6,294)				(201)		(306)			341		(5,988)
Earnings (loss) from continuing operations		378		(4,673)		F		92		(4,675)	F		(608)		(5,719)		89%
Earnings (loss) from discontinued
operations, net of taxes		(308)		(8,936)				(308)		(9,025)			(308)		(8,935)
Net earnings (loss)		69		(13,608)		F		(216)		(13,700)	98%		(916)		(14,654)		94%
Less net earnings (loss) attributable to
noncontrolling interests		(121)		(35)				(117)		(127)			(4)		91
Net earnings (loss) attributable to the Company		191		(13,573)		F		(98)		(13,573)	99%		(912)		(14,745)		94%
Preferred stock dividends		(289)		-				-		-			(289)		-
Net earnings (loss) attributable to
GE common shareowners	$	(98)	$	(13,573)		99%	$	(98)	$	(13,573)	99%	$	(1,201)	$	(14,745)		92%
Amounts attributable to GE common
shareowners:
Earnings (loss) from continuing operations	$	378	$	(4,673)		F	$	92	$	(4,675)	F	$	(608)	$	(5,719)		89%
Less net earnings (loss) attributable
to noncontrolling interests, continuing operations		(121)		(124)				(117)		(127)			(4)		2
Earnings (loss) from continuing operations
attributable to the Company		499		(4,548)		F		210		(4,548)	F		(604)		(5,721)		89%
Preferred stock dividends		(289)		-				-		-			(289)		-
Earnings (loss) from continuing operations
attributable to GE common shareowners		210		(4,548)		F		210		(4,548)	F		(893)		(5,721)		84%
Earnings (loss) from discontinued
operations, net of taxes		(308)		(8,936)				(308)		(9,025)			(308)		(8,935)
Less net earnings (loss) attributable to
noncontrolling interests, discontinued operations		-		89				-		-			-		89
Net earnings (loss) attributable to GE
common shareowners	$	(98)	$	(13,573)		99%	$	(98)	$	(13,573)	99%	$	(1,201)	$	(14,745)		92%
Per-share amounts - earnings (loss) from
continuing operations
Diluted earnings (loss) per share	$	0.02	$	(0.45)		F
Basic earnings (loss) per share	$	0.02	$	(0.45)		F
Per-share amounts - net earnings (loss)
Diluted earnings (loss) per share	$	(0.01)	$	(1.35)		99%
Basic earnings (loss) per share	$	(0.01)	$	(1.35)		99%
Total average equivalent shares
Diluted earnings		9,372		10,067		(7)%
Basic earnings		9,288		10,067		(8)%
Dividends declared per common share	$	0.23	$	0.23		-%
Amounts attributable to GE
common shareowners:
Earnings (loss) from continuing operations	$	210	$	(4,548)		F
Adjustment (net of tax): non-operating pension costs		333		452
Operating earnings (loss) (non-GAAP measure)	$	543	$	(4,096)		F
Operating earnings - diluted
earnings (loss) per share (non-GAAP measure)	$	0.06	$	(0.41)		F

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

Amounts may not add due to rounding. Dollar amounts and share amounts in millions; per-share amounts in dollars.

"GE Capital" means GE Capital Global Holdings, LLC (GECGH) and its predecessor General Electric Capital Corporation (GECC) and all of their affiliates and associated companies. Separate information is shown for "GE" and "Financial Services (GE Capital)." Transactions between GE and GE Capital have been eliminated from the "Consolidated" column. See Note 1 to the 2015 consolidated financial statements at www.ge.com/ar2015 for further information about consolidation matters.

GENERAL ELECTRIC COMPANY
SUMMARY OF OPERATING SEGMENTS (UNAUDITED)
	Three months ended March 31
(Dollars in millions)	2016		2015		V%
Revenues(a)
Power	$	5,204	$	4,612	13 %
Renewable Energy		1,669		1,028	62 %
Oil & Gas		3,314		4,040	(18)%
Energy Connections		2,260		1,685	34 %
Aviation		6,262		5,674	10 %
Healthcare		4,183		4,075	3 %
Transportation		981		1,308	(25)%
Appliances & Lighting		1,996		1,940	3 %
Total industrial segment revenues		25,869		24,362	6 %
Capital		2,885		2,866	1 %
Total segment revenues		28,754		27,228	6 %
Corporate items and eliminations(a)		(909)		(988)
Consolidated revenues	$	27,845	$	26,239	6 %
Segment profit (loss)(a)
Power	$	573	$	757	(24)%
Renewable Energy		83		57	46 %
Oil & Gas		308		489	(37)%
Energy Connections		(85)		28	U
Aviation		1,524		1,314	16 %
Healthcare		631		587	7 %
Transportation		164		225	(27)%
Appliances & Lighting		115		102	13 %
Total industrial segment profit		3,314		3,560	(7)%
Capital		(893)		(5,721)	84 %
Total segment profit (loss)		2,421		(2,162)	F
Corporate items and eliminations(a)		(1,571)		(1,691)
GE interest and other financial charges		(440)		(389)
GE provision for income taxes		(201)		(306)
Earnings (loss) from continuing operations attributable to GE common shareowners		210		(4,548)	F
Earnings (loss) from discontinued operations, net of taxes		(308)		(8,936)	97 %
Less net earnings (loss) attributable to noncontrolling interests, discontinued operations		-		89	U
Earnings (loss) from discontinued operations net of tax and noncontrolling interest		(308)		(9,025)	97 %
Consolidated net earnings (loss) attributable to GE common shareowners	$	(98)	$	(13,573)	99 %

(a) Segment revenues include revenues and other income related to the segment. Segment profit excludes results reported as discontinued operations and material accounting changes, the portion of earnings or loss attributable to noncontrolling interests of consolidated subsidiaries, and as such only includes the portion of earnings or loss attributable to our share of the consolidated earnings or loss of consolidated subsidiaries. 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, Renewable Energy, Oil & Gas, Energy Connections, Aviation, Healthcare, Transportation and Appliances & Lighting; included in determining segment profit, which we sometimes refer to as "net earnings," for 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 eight industrial reporting segments without giving effect to the elimination of transactions among such segments. Total segment revenues and profit include the sum of our eight 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
CONDENSED STATEMENT OF FINANCIAL POSITION (UNAUDITED)
	Consolidated				GE(a)				Financial Services (GE Capital)
	March 31,		December 31,		March 31,		December 31,		March 31,		December 31,
(Dollars in billions)	2016		2015		2016		2015		2016		2015
Assets
Cash and marketable securities	$	108.0	$	102.5	$	9.4	$	10.5	$	98.7	$	91.9
Receivables		25.9		27.0		14.4		14.7		-		-
Inventories		23.9		22.5		23.8		22.4		0.1		0.1
GE Capital financing receivables - net		11.9		12.1		-		-		23.7		25.0
Property, plant & equipment - net		53.8		54.1		19.7		20.1		34.9		34.8
Receivable from GE Capital (debt assumption)		-		-		73.6		84.7		-		-
Investment in GE Capital		-		-		38.2		46.2		-		-
Goodwill & intangible assets		83.1		83.4		80.3		80.6		2.8		2.8
Contract assets		21.7		21.2		21.7		21.2		-		-
Other assets		49.2		46.7		20.0		20.5		39.5		36.0
Assets of businesses held for sale		3.0		2.8		3.0		2.8		-		-
Assets of discontinued operations		81.6		121.0		-		-		81.6		120.9
Total assets	$	462.2	$	493.1	$	304.2	$	323.8	$	281.2	$	311.5
Liabilities and equity
Borrowings	$	186.0	$	197.6	$	93.0	$	103.1	$	167.8	$	180.2
Investment contracts, insurance liabilities and
insurance annuity benefits		26.3		25.7		-		-		27.0		26.2
Non-current compensation and benefits		40.4		40.5		39.6		39.5		0.8		1.0
Other liabilities		75.7		78.9		74.6		77.1		10.2		11.1
Liabilities of businesses held for sale		1.0		0.9		1.5		1.4		-		-
Liabilities of discontinued operations		36.9		46.5		0.1		0.1		36.8		46.4
Redeemable noncontrolling interest		3.0		3.0		3.0		3.0		-		-
GE shareowners' equity		91.1		98.3		91.1		98.3		38.2		46.2
Noncontrolling interests		1.7		1.9		1.2		1.4		0.4		0.5
Total liabilities and equity	$	462.2	$	493.1	$	304.2	$	323.8	$	281.2	$	311.5

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

Amounts may not add due to rounding

"GE Capital" means GE Capital Global Holdings, LLC (GECGH) and its predecessor General Electric Capital Corporation (GECC) and all of their affiliates and associated companies. Separate information is shown for "GE" and "Financial Services (GE Capital)." Transactions between GE and GE Capital have been eliminated from the "Consolidated" column. See Note 1 to the 2015 consolidated financial statements at www.ge.com/ar2015 for further information about consolidation matters.

GENERAL ELECTRIC COMPANY

Financial Measures That Supplement GAAP

We sometimes use financial measures 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 are considered "non-GAAP financial measures" under the U.S. Securities and Exchange Commission rules. The following non-GAAP financial measures supplement our GAAP disclosures and should not be considered an alternative to the GAAP measure.

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

 GE Industrial operating + Verticals Earnings and EPS

 GE Industrial + Verticals revenues

 Industrial segment operating profit and operating profit margin (excluding Alstom)

 Industrial operating profit and operating profit margin (excluding Alstom)

 Industrial organic operating profit

 Industrial segment gross margins (excluding Alstom)

 Industrial segment organic revenue growth

 Industrial cash flows from operating activities (Industrial CFOA)

 Capital ending net investment (ENI), excluding liquidity

The reasons we use these non-GAAP financial measures and the reconciliations to their most directly comparable GAAP financial measures follow. Certain columns, rows or percentages within these reconciliations may not add or recalculate due to the use of rounded numbers. Totals and percentages presented are calculated from the underlying numbers in millions.

INDUSTRIAL AND GE CAPITAL OPERATING EARNINGS (LOSS) AND EPS
		Three months ended March 31
(Dollars in millions; except per share amounts)		2016		2015	V%
Earnings (loss) from continuing operations attributable to GE common shareowners	$	210	$	(4,548)	F
Adjustment (net of tax): non-operating pension costs		333		452
Operating earnings (loss)		543		(4,096)	F
Less GE Capital earnings (loss) from continuing operations attributable to GE common shareowners		(893)		(5,721)
Operating earnings excluding GE Capital earnings (loss) from continuing operations attributable to GE
(Industrial operating earnings)	$	1,436	$	1,625	(12)%
Earnings (loss) per share - diluted(a)
Continuing earnings (loss) per share		0.02		(0.45)	F
Adjustment (net of tax): non-operating pension costs		0.04		0.04	-%
Operating earnings (loss) per share		0.06		(0.41)	F
Operating earnings (loss) per share attributable to GE Capital (GE Capital operating EPS)		(0.10)		(0.57)	82%
Operating earnings per share attributable to Industrial (Industrial operating EPS)	$	0.15	$	0.16	(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.

GE INDUSTRIAL OPERATING + VERTICALS EARNINGS AND EPS
		Three months ended March 31
(Dollars in millions; except per share amounts)		2016		2015	V%
GE Capital operating earnings (loss)	$	(893)	$	(5,721)	84%
Less: Verticals earnings(a)		496		346
GE Capital operating earnings less Verticals earnings	$	(1,389)	$	(6,067)	77%
Industrial operating earnings	$	1,436	$	1,625	(12)%
Verticals earnings(a)		496		346
Industrial operating earnings + Verticals earnings	$	1,932	$	1,971	(2)%
Earnings (loss) per share - diluted(b)
Industrial operating earnings-per-share	$	0.15	$	0.16	(6)%
Verticals earnings-per-share		0.05		0.03	67%
Industrial operating + Verticals earnings-per-share	$	0.21	$	0.20	5%

(a) Verticals include businesses expected to be retained (GECAS, EFS, Industrial Finance, and run-off Insurance), including allocated corporate costs of $25 million and $58 million after tax in the three months ended March 31, 2016 and 2015, respectively.

(b) 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 GE Capital businesses that we expect to retain. We believe that presenting Industrial operating + Verticals 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 March 31
(Dollars in millions)		2016		2015	V%
GE Capital revenues	$	2,885	$	2,866	1 %
Less: Verticals revenues(a)		2,637		2,551	3 %
GE Capital revenues less Verticals revenues	$	248	$	314	(21)%
Industrial segment revenues	$	25,869	$	24,362	6 %
Verticals revenues(a)		2,637		2,551	3 %
Corporate items and eliminations		(909)		(988)
GE Industrial + Verticals revenues	$	27,597	$	25,925	6 %

(a) Verticals include businesses expected to be retained (GECAS, EFS, Industrial Finance, and run-off Insurance).

As described above, Verticals represents the GE Capital 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 OPERATING PROFIT AND OPERATING MARGIN (EXCLUDING ALSTOM)
	Three months ended March 31
(Dollars in millions)	2016		2015
Revenues
Total industrial segment revenues	$	25,869	$	24,362
Less: Alstom revenues		2,813		-
Total industrial segment operating revenues excluding Alstom	$	23,056	$	24,362
Segment profit (loss)
Total industrial segment operating profit	$	3,314	$	3,560
Total industrial segment operating profit margin		12.8%		14.6%
Less: Alstom profit (loss)		(20)		-
Total industrial segment operating profit excluding Alstom	$	3,335	$	3,560
Total industrial segment operating profit margin excluding Alstom		14.5%		14.6%

We have presented our industrial segment operating profit and industrial segment operating profit margin excluding the results of Alstom power and grid. We believe that operating profit and operating profit margin adjusted for the Alstom impacts are meaningful measures because they increase the comparability of period-to-period results.

INDUSTRIAL OPERATING PROFIT AND OPERATING PROFIT MARGIN (EXCLUDING ALSTOM)
	Three months ended March 31
(Dollars in millions)		2016		2015
Revenues
Total industrial segment revenues	$	25,869	$	24,362
Corporate items and eliminations		(909)		(988)
Less: gains		59		-
Less: GE-GE Capital eliminations		(540)		(518)
Adjusted corporate items and eliminations(a)		(428)		(471)
Total Industrial operating revenues		25,440		23,892
Less Alstom revenues		2,813		-
Total Industrial operating revenues excluding Alstom(a)	$	22,627	$	23,892
Segment profit (loss)
Total industrial segment profit	$	3,314	$	3,560
Corporate items and eliminations		(1,571)		(1,691)
Less: gains		59		-
Less: restructuring and other charges		(686)		(422)
Less: non-operating pension costs (pre-tax)		(512)		(695)
Adjusted corporate items and eliminations(a)		(431)		(574)
Total Industrial operating profit		2,883		2,985
Less Alstom profit (loss)		(20)		-
Total Industrial operating profit excluding Alstom(a)	$	2,904	$	2,985
Total Industrial operating profit margin		12.8%		12.5%

(a) Excludes gains and restructuring and non-operating pension costs (pre-tax).

We have presented our Industrial operating profit and operating profit margin excluding restructuring, gains, and GE-GE Capital eliminations as well as the results of Alstom power and grid. We believe that Industrial operating profit and operating profit margin adjusted for restructuring, gains and GE-GE Capital eliminations as well as the Alstom impacts are meaningful measures because they increase the comparability of period-to-period results.

INDUSTRIAL ORGANIC OPERATING PROFIT
	Three months ended March 31
(Dollars in millions)	2016		2015		V%
Segment profit (loss)
Total industrial segment profit	$	3,314	$	3,560	(7)%
Adjusted corporate items and eliminations(a)		(431)		(574)
Total industrial profit(a)	$	2,883	$	2,985	(3)%
Less the effects of:
Acquisitions, business dispositions (other than
dispositions of businesses acquired for investment)
and currency exchange rates	$	(51)	$	41
Total industrial profit excluding effects of acquisitions,
business dispositions (other than dispositions of
businesses acquired for investment) and currency
exchange rates (Industrial organic operating profit)(a)	$	2,935	$	2,944	-%

(a) Excludes gains and restructuring and non-operating pension costs (pre-tax).

Industrial organic operating profit growth, excluding gains and restructuring, measures Industrial operating profit excluding the effects of acquisitions, business dispositions and currency exchange rates and gains and restructuring. 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 as well as gains and restructuring, which activities are subject to volatility and can obscure underlying trends. Management recognizes that the term "Industrial organic operating profit" 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 GROSS MARGIN (EXCLUDING ALSTOM)
	Three months ended March 31
(Dollars in millions)		2016		2015
Industrial Sales	$	25,407	$	23,839
Less: Corporate sales and eliminations		(456)		(439)
Industrial segment sales		25,863		24,278
Less: Alstom sales		2,887		-
Industrial segment sales excluding Alstom	$	22,976	$	24,278
Industrial cost of sales	$	19,890	$	18,325
Less: Corporate cost of sales and eliminations		599		415
Industrial segment cost of sales		19,291		17,910
Less: Alstom cost of sales		2,329		-
Industrial segment cost of sales excluding Alstom	$	16,962	$	17,910
Industrial segment gross margin		6,572		6,368
Industrial segment gross margin percentage		25.4%		26.2%
Industrial segment gross margin excluding Alstom		6,014		6,368
Industrial segment gross margin percentage excluding Alstom		26.2%		26.2%

We have presented our industrial segment gross margin excluding the results of Alstom power and grid. We believe that industrial segment gross margin adjusted for the Alstom impacts is a meaningful measure because it increases the comparability of period-to-period results.

INDUSTRIAL SEGMENT ORGANIC REVENUE GROWTH
	Three months ended March 31
(Dollars in millions)		2016		2015	V%
Industrial segment revenues	$	25,869	$	24,362	6%
Less the effects of:
Acquisitions, business dispositions (other than
dispositions of businesses acquired for investment)
and currency exchange rates		2,287		542
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)	$	23,582	$	23,821	(1)%

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 CASH FLOWS FROM OPERATING ACTIVITIES (INDUSTRIAL CFOA)
	Three months ended March 31
(Dollars in millions)		2016		2015	V%
Cash from GE's operating activities (continuing operations), as reported	$	7,856	$	1,340	F
Less dividends from GE Capital		7,500		450
Cash from GE's operating activities (continuing operations),
excluding dividends from GE Capital (Industrial CFOA)	$	356	$	890	(60)%

We define "Industrial CFOA" as GE's cash from operating activities (continuing operations) less the amount of dividends received by GE from GE Capital. This includes the effects of intercompany transactions, including GE customer receivables sold to GE Capital; GE Capital services for trade receivables management and material procurement; buildings and equipment leased by GE from GE Capital; information technology (IT) and other services sold to GE Capital by GE; aircraft engines manufactured by GE that are installed on aircraft purchased by GE Capital 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 GE Capital 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 GE Capital 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.

CAPITAL ENDING NET INVESTMENT (ENI), EXCLUDING LIQUIDITY
(Dollars in billions)	March 31, 2016		March 31, 2015(b)
Financial Services (GE Capital) total assets	$	281.2	$	476.5
Adjustment deferred income taxes		4.3		-
GE Capital total assets		285.4		476.5
Less assets of discontinued operations		81.6		31.3
Less non-interest bearing liabilities		43.0		66.0
Capital ENI		160.8		379.2
Less liquidity(a)		79.7		76.4
Capital ENI, excluding liquidity	$	81.1	$	302.8
Discontinued operations, excluding liquidity		45.6		28.6
Total ENI (excluding liquidity) including discontinued operations	$	126.7		331.4
Total ENI (excluding liquidity) including discontinued operations percentage
variance to March 31, 2015		(62)%

(a) Liquidity includes cash and equivalents and $13.9 billion of high quality interest bearing deposits at March 31, 2016.

(b) As originally reported.

We use ENI to measure the size of our 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 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 high quality interest bearing deposits. 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.