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GENERAL ELECTRIC CO Proxy Solicitation & Information Statement 2016
14789_rns_2016-03-15_939b87a7-ad09-4ae5-9d58-fa4a9f433eba.pdf
Proxy Solicitation & Information Statement
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 14A INFORMATION
Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934
☒ Filed by the Registrant ☐ Filed by a Party other than the Registrant
- CHECK THE APPROPRIATE BOX:
- ☐ Preliminary Proxy Statement ☐ Definitive Proxy Statement
- ☐ Confidential, for Use of the Commission Only ☒ Definitive Additional Materials (as permitted by Rule 14a-6(e)(2))
-
- ☐ Soliciting Material under § 240.14a-12
General Electric Company
(Name of Registrant as Specified In Its Charter)
PAYMENT OF FILING FEE (CHECK THE APPROPRIATE BOX):
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About the Integrated Summary Report
"The integrated summary report shows investors GE through the lens of management."
"Public company reporting has become so complicated that what matters to investors can get lost. Our priority is to provide meaningful information that all investors can readily access. For investors to make investment and voting decisions, we don't believe that more information is necessarily better, Instead, we've challenged ourselves to provide better information. Over the past several years, we have already been enhancing our reporting in response to feedback from investors, and they have told us how much they like it. This year, we are taking it even further with our new Integrated Summary Report."
Monumer
JEFFREY R. IMMELT Choirman of the Board & Chief Bieculive Officer, CE March 14:2016
Contents
| Chairman's Letter | 3 |
|---|---|
| Strategy & Results | 29 |
| Our Businesses | 35 |
| Portfolio & Capital Allocation | 38 |
| Margins: | 40 |
| Financials | 42 |
| Rick | $-51$ |
| Governonce | 52 |
| Campensation | 57 |
| Audit: | 60 |
| Sharequiner Proposals | 51 |
| Sustainability | 62 |
| Annual Meeting | -64 |
| Forward-Looking Statements | 65 |
This document provides an everylew of General Electric, it does not contain all of the information that you should consider. Please read our entire 2015 Annual Report and 2016 Proxy Statement carefully before vating or making on investment decision.
WHERE YOU CAN FIND MOSE
- *Annual Report
www.go.com/proushaport - Proxy Statement
www.ga.com/proxy - · Sustainability Report
www.gc.com/sustainability
surgue surgue surgue de la companya FORWARD-LOOKING STATEMENTS
Some of the information we provide in this
decumensis forward-looking and therefore
could change aver time to reflect changes in
the environment in which fill competes. See Possend-Looking Statements on paye 65 for
Hore internation
matures in the memory changes of the NON-GAAP FINANCIAL HEASURES
Somical that financial magazines we provide in this document, including measures that
existent end are considered to be Poli-SAAP Engines are published for more
information, see Finand of Moadures 7 tot
Guyphervers U.S. Generally Accepted Accounting
Principles Maasures (Acc-GAAP Aronachi Maasured on page SE of sur 2015 Annual
international control de la constitución de la constitución de la constitución de la constitución de la consti
En el constitución de la constitución de la constitución de la constitución de la constitución de la constituc THROUGHOUT THIS DOCUMENT. WE USE THE FOLLOWING ICONS
Inconsequencia a consequence a p
Do Power 1 Reviewale Drings & Oriology. E Energy Monogamanic am Autorism as Meditioned P Torsporastich # Appliances Elliphthy - + Capital to be bigged at Priplett in Habsburghas Exposure
GE 2015 INFEGRATED REPORT 1
We act. We learn. We get better. We insist on being more than we are today. Some companies are retreating; we are moving forward to become the Digital Industrial.
$-$ TERE DIOKELT
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CHAIRMAN'S LETTER 3-27
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HOW WE PERFORMED AGAINST OUR 2015 OPERATING COALS
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GE POLICINTE BRATED REPORT 3
CHRAPMATILETTER
Letter in Sharewood 6
it is easy to be understan as on investor toaby, The global scanding is larg on voicelity.
and short an aconomic loadsrehip But GE remains a good throutment. It is compleced world we give arriver and more compenses. in on uncertain world, we are skilled in manoging through tough cycles, to a risky world.
we have current enorget and a local cash.
We are lessed componies incl. think they one perfect can get you in model in the
endominant cit is not perfect, but we make
program every day, in 2015, we continued in loke simply actions their mine GE better
Wetrarekomed our portfoliolis extragment of Rootcol services while completing the dent This ands o parted in which we rails. cused of its in thigh-rechilender to do so we we locked compatitive advantage and rebuilt out core franchises. Every GE business
inday rests solidly on a bedrack of beap domon competenty.
the both service to east on copital come.
From senti sherro and has search the plan was complicated, challenging and risky, it invested ors of the target corporate restructurings in
fronty, that averages has been flowled.
The mass cays olse observe as culture was are willing to idea bold poisons in the loce of uncertainty; and out team parts the company.
al the some time, we occelerated but iransformatter as a leader in the industrial.
Internet secondings/Orgital material "comjoby, in the missimal meaner as see the
heritants wave of productivity both for our company and for the costomers we serve We are a company that tryests in holder much bigger than the full application at data and grativies to meetings and systems.
The essence of GE is the unique oblity to methe volta) from the intersection of horizontal otical multiple businesses and watchs-the tore but it is increasingly valuable. This is flow. we create computitive advantage from size holdend schemic for cultomer productsmore of a premium on requests can moved.
Overally, costner for requests will no the some
lime, compones must be desperie drive low. case mitteoing caterinar questions with high share-"the vertical" New incovation will re-
quite loegy solaritar and many three, new membershing settingues there are not high-tech infrastructure systems of scola to vertical sewtger, Minimaris she estudies
merities bisween fattional and vertical to institutional part of our leadership capability istellambaddad in par column
in the midst of our transformment, we de-
hvered good requise in 2015, we grew our
mitustrial comings per show by 1996, expanded our segment margins by no base Investors. Our industrial return an tatal copital uxporded 290 basis points to 16.9% Wawan The main photographs and the state of the main materials and the relationship of the performance relationship and the performance of the 56P 500, which grew by 1% and the state state performance of the 56P 500, which grew c% we have solidly outperformed the troodcan we must be problem with the problem with the problem of the proof. When we give
gree ty 64%, and we year, when we give
by string at acded the year, when we give
mistivatiative company is the world.
To average the performance, we will have
so win to challenging global markers borne
say we are in an "industrial recession," but
i destinably know whet that masses i learn
more morn what it see in individual markets and hear from customers. Cummoday prices are down significately, primarily driver) by oversupply Resource industries and regions eved, prototy for on extended pettod of ets As the some time commercial air interets al a record high. Healthcare demographics
and accounted derivand an increase in glabal specid end one-studdof the worldhupopulation sell todes sufficient access to electricity into
global imporative for anhanced infrastructure Investment has not changed. Growth Is tirul-0019 But you his year on the
Who: it unique in this cycle is the difficult ment. the worst those ever seen "technology. productivity and globalisation have been the in business, if you don't lead these shanges, you get fired. In politics, it you dan't fight
trem, you can't get election, no a resum, mast.
governmentpolicy is driv-growth, in the U.S.
we write explics but seem to hake trade ond Liponers, pobally, governments love small
Sustriesses but then regulate them to depth. Ani so, we argies at a cycle slow growth. Too! go credor, popular, the protective products to credor, popular, the protective products and more than growth to locate the more than the more than the more than the more than the total was the 100consecurive paint when cow growth folled to reach 3%, ende that used to be trinsidered sor entitlemen.
We directly to pair a cycle, or neve it murket. er complein bibble sleekers, wie will zwisyn.
est to ger more out of this economy then our peers. We believe in "self-help" We one aggresswely/boosging.out.com.tet.chine.to
copitable or definition in and t, we will fund a istoro lava of restructuring. We have a very strong tolerate sheet with excess cash.
& CE 2015 IVITO BATED XEP OIL
Predix114: Creating Valuable Outcomes for Customers
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tivide procedure points, eliminating
Linkecesary de spren sombre than
1,000 commercial fights
This awas us the obline to create value buy.
back stock, belister your divisions or scaping
dismissed industrial assess. We have the abley to Regent our industrial products, is We can move production to the lowest regions and copieties in Correctly of Bicket Cur long-term commitments for RSD, globallaster and investments the Aldem have built a valuates hadded i encourage the att seam restlant end oghi.
As uncertainty unfolds in Root of you, this is what I wore you to remember about GIz we have a great set of businesses with orie lead-
ing in this early biggest driver of industrial growth and productivity. We have operating convenient and cost Restrity due to mis-And we have a tested team who gets rewordad zinly when they deliver for you. GE should begrips miestnem marked of volunty.
Transformation A Focused Industrial Leader
Going forward, we are competing as a
\$130 billion high-lact industrial leader Rilled
with summit individuals collabilitaly ganarating consistent growth with high intergins and high nourm. Bury GE business failed globalization and wiveses, in a slow-graveh werd, there is no lase for an anticused NEC In Insurance today, basinesses with no langes HI/ vsl, decodes ago this was ap-
plauded, and in the 1980's and 90s. It worked
We are eiting most of our financial spartes. plentamic throwing his on easy deciders call
contest with on important business for call it periodual 60% of BES somings growth from 1990-2505, at one point ceremons
half of our contings Despite the volatility of
the financial crisis, GE Copital emerged with its Franchess Inlact, Hawwar, the business No GE Capital changed promotizely, and it was impliative to generate protection in-
turns i know that massing the requirements for Capital could not be contrined endweed to hiurt issir industrial compattitionees: We determind that our financial businesses were more uniable purseds on
We decided to ank of of the financing platforms for related to GE industrial businesses.
We convoleted the optic off of synchrony, a lecter preiat linchca. Synchrony es a public.
company is volued 30% higher than is was In GE We returned \$20 tillion to invertise in the form of a shore buybank we coe sell-
Hij tizzativhen of asses in 18 months, with sthe arously signed. We are about one year pheod of our prightet plan, As we get: these
GE JOIS INTEGRATED REPORT 1
bushassas, we are generaling \$35 billion of
cash, with \$4.5 billion returned to the parent
in 2015 and another \$18 billion in 2016. We planta use this coshied buy bank shows.
Going fanwort, GE will ratain it smaller fimonetal vervices copyrighty connected to
our industrial cole, this business should
promove industrial proved and generates is: sum) above our copi of capital. At this sucwe will gooly to de-designate GE criptalias à grantly reducing the requirents risk in Fill
We completed the acquisiton of Alabom that We had begun in 2014. Alatom is a great panerise \$3 trillion or one synergy over five years Algorn will gold 50.05 EPS in 2016 and
up to \$3.20 by 2018, Algorn creations in there
global and technical mini-match agreement capability to our growth morket factorint and project management copoblity, it gives us
the potential for \$5 blistin of revenue through resiscing suppliers with internal copobility and by asckaging complementary products FOI DUI BRASTV CUSEWINES
Alpiom motes GE more competitive, in South Arabid.we tocomly was a LA gigawan order based on efficiency gains derived shraugh any of plant. For this project, we were take to lower system cost through the use of elimination
propert management copolatiy, whiten with
sygnant our properties in important manages Maringla were we have nearly doubled the The of our rewints aur repositive and implements complexition of GE and Alstom makes us at stronger competitor. We believe the Alstoin invesimere will penamie in sinting rauch.
We armounted the sale of our Appliances business to Holer for \$5.4 billion in the first
guitner of zitzu. This is a great avacame for the
investors and our secrit. The applicance market is globalizing, with the China market growing quotic weeken poetic altrig-term measur m sha si.s., a goad home for she to begin. We plan to work with Hold in China to build out.
distribution and develop the SE brand We will redapling the countries help or extend
We be seeks to no good horgone oppor-
tunnel as economic valgeby horasses and v Divottom: decli (e. Accurations will bolt-on tri our akating businesses to make them more iutalise ute financial crisis, in uter quale 6E hos.
Subsectibli Freaturer to intelle simpager trvistmicrity that crutte value.
We don't court or ocquiters to glow tot. Rother, we are soong belowers shot we can grow organically ever the long term. We him.
Vest mere than that biftair sock year in each caped expendence and systems the Sale esch of which can generate substantial race.
hue twer sthe in Avrizion, we bre penetriating are of our lorgets fundapped segments in of our competition. This began with it email.
Cash ocquisition in 2008, Over time, we learned of-fiew engine decign. This year we wan the biggest oppikation on the Taxtron Advanced
Turboongs set to certify in 2019, This will lead to \$30 billion in newsue over att years, a trep insting compatitive win. EE Venturas is a key catelyst for investing in motile monitoring und callehango, growth mischael für der.
Meckholm it unche A. Arid we apun our Liss bushass tree a new energy affidency plut-
form called Current. At \$1.5/100 in revenue, we are one of the biggest players at UEO, By pockoging this with other analgy efficiency.
technologies controls and financing we can
THE 2013 INTEGRATED REPORT 11
built like at \$5 billion in 2020. Mo of a northharing with a grant group of cuttomers like Wolgreen: JP. Norgan and Elinon Property.
Weight bring our faculters-building copolities to of new measurers, Ne Almon
Elvarshonten is assential for porsessors fihonosi perfarmonos in volasio emissi wie the Q11 crisis when argine shoments de-Exted 20%, Since then, Avigton earnings stuments of gos suthines declined by 65% botways 2001-2004 on a fully sushic' for power persons must be a surface of
the strength must be a strength strength for the strength strength
strength for the strength strength of the strength strength
must and gove than similarly fieldship That idues us confidence its we oppreach a INFIGUR OF E GOS CYCLE BRANNER 2018-2016 cing 26-25%. Uke end overs. the spandth throughout GE is being uransterned to our Gill Is and business. We are able to mixes more We ore providing lower-cost splusiant to nut commerce that alow them to tustom or current resource monet priting. And we can invest in new cores bosed on invortible
economics, As in the lough virtes in Power and Avistism, our investment in OR & Gos is a long-term proposition covered by the book: of overt industry
Cor portfolio is set. Solno forward, we will get more value from our thanker poorson by inductrial world.
Transformation: Creating the Digital Industrial
We are just teglaring our transfermation
as the Digital industrial Company. The Internet
has bus held a mediave impact on consumer producerly cost commerce, as imprice on industriel morkets is just now being reclared. By zažo. 10,000 gos instanes, 68,000 jet engines.
more than 300 million lightpulls and 352 milli tohotrs will be connected to the morner.
A) GE we have decided to purerous onemodel the tists currelives-troth inside the
company and with our customers. This is what wa mean by becoming a Cigital Industrial : Der Digital mousefol capabilities will ingond out growth rote, stip live our margins. DISERVED TO CORRECT ON A CTOCHLINA
12 GE 2015 IN TEGRATED REPORT
Them with it small what overs will had a dati: andotim. (dilewed only by tourne service and mainterance. Now service an our onstead and monstead man approps that chia productivity in industries where over-
the smallest incremental efficiency can mean very large gam. Capturing it will be a mission
In every one of our businesses, but approximation is to other with awary GE product a pothway to greater productivity trirough sensors, softwore onthing data streams:
Why BPI I genue you we didn't welco up are morning with "software emy." We have been tweeting in sefavore and accumulating big occultiviens. Beiner, the secondary recultatitucompate il innuitevaal spot Stuarto. POR LES
Out threatmont the christian delivering is are productivity for our customers and 86. The
performance so for of technology companies
to generals induced parameterize base subpat: industrial productionly which aver-
aged 456 annually from \$200-2010, is only IN today. This is because para connectivity dost norting in mode volus Operational proagital engineering models, tricket hat analysis's and the ability to modify machines to cohieve offerent suscertes Ark a hospital coo frow ther results have chatiged areas they miplemented a new Bectronic Medical Record System, and the crows! is spicely sterior.
They all tack the cost the chief was colonies:
The "triar upp" for the industrial internation
GET Digital TWN: GE is creating living: high
sal practice of spouton- industrial machines
in the field at provide new opportunities for customer prowth and productivity. The Dipted Two is a software model of a product deser iii process that will make it possible to monone more precisely than we ever it bught wh shiron content was more more services for GC1 customers ond out business et on the circle engine, we have used captal Teins to increase flax: availability while saying tons of millions of dollors in lamacossion/ service overhouts in not we are using clight! Tigin models of the Evolution Lacommies to endble our customers to minimise fuel consumpton and ambitters. The data economy for the industrial world from antwed, and 68 it is a useum passeo to lead it, we enter a bringing decades of deep domon expertise obout our induceries and volumes of dota dout our mothers and then processes that no ane ese con month
CHARMWELLTTER
With this technical leadership. GE can be come a rep in señvere company by 2021
At the center of this effort is our claud-based
oparating system, Proditton, Prodit offers our customers complete situational owereness to moment and contexually improve, $40.85$ meni: perfectivance, in america, it will existenwiziyone in a given emerprise-whether it's as airstra, a hospitat a rolltoat, on otherd, or IDWALD RETTHE RICHARDE REPORT OF BUSINESS. molton sccessole on mabie outels. Everviting we are doing in dots and analytics comes transfer to the operating system
SE 8 snitué in developing Es own comprists system www.me.doing this lime on t litternois bacouse we seed \$ for our own productivity.
At our seek, we can enve accommon platform acress de stanome cly, es do industrial company-and the perior of the Digital Twin-electrolecology boat PROx to cur tustomers and other inopporacity in create votes in the platform economism, (wellgunched Predix in the second half of 2015, By the end of 2016 we export a is how 200,000 cares under monopement. creating many more applications. Cybin securhy's ensemblished Predy, and we are building world-cent copolytic www.tilve.world-class.partners.like.traid.com us develop and deploy Proche
GE applications provide a show site for the Industrial internet. This year we will gene-
aix \$100 million of productivity by opplying data and protytics traids GE We will have was the factories" skilling yield, grow and
uptime through media-based diesgn w/e ore
upting model-based diesgn or our new medi uct introductions which infows as to develop and lounch haw products with reduced cycorrelate motentil usage with product performance to shonge the work scope in a service agreement which drives productivity for GE. d frecustoner
The recense for our protyking applications
and suffware is \$5 billion and growing 20%
annually. We are offering our customers of complete tonge of softestre analysist shot are positioned to achieve superior aux.
comes, in Pawer, we have digitized wind forms and power plants. These are softdigital intrastructure including irredic and a plant suke including asset seriormance. monogement and generation contribute be its high os \$1.00 million per wind form and \$330 million per passer plant. We
lowered a Heatheare cloud that gives nutribusins important access in profynos. and orages shymners can assive supeflor outcomes by accessing data to spot
(Decate pietterns and by collaborating with multi-decipinary teams. Our Heathcare
in marchs are growing by 10% each of
automoreteleusinesses is alming to build \$1.5 Blank digital fronchises.
our traverents driver currently outcomes. RasGos to il Class action world leader in moturel gets but asset performance mentage related for could save them hundred of millions of entities, Ar the National Health tervice in the U.L. we are detvering enterprise imaging solutions an the Health Cloud. his will improve dining collaboration and their cast. The Oly of San Deep & entri-
Ing on "Insilipant city" presend by Prode
with company LEOs for efficiency, At AEP we as electing on they and disclosure IV and uptera At BNSF, we are avecuting on a hovement planner that leveloges dare to we are using avoidable interests charak rud paterments and manuscript productives
we atendance solution by contain contain-
andy costerior and country-ty-country to
selver nationes
Our succession of Digital Industrial depends all porvisitio with our customers, we must scopes the time and dalwer duscernes by working together. A key to this is the tridus.
CURRENT: A NEW STARTUP WITHIN GE
Current will meet the unique needs of a wide range of commercial, industrial municipal and utility subtomen-
14 GE JOIS INTEGRATED REPORT
UNIVERSIDE HER
HORIZONTAL CAPABILITY
efficiency of scole
c Diversity > reduces risk
Size
VERTICAL EXPERTISE
Deep domain
æ Experience
Insight and
copability
"The assence of GE is the
unique ability
to create would from the intersection of horizont: mpoblises with vertical
expertitu."
entricio, a torgaten and unabprecioted rule. in mois industrial companies, in recospect. too mach it coastility. Completency must be restored to trainwe product Vity.
Anayics provide a competitive advanced book him the way we design our products.
The new products W our OF & 6os tustress now one operated by digital capability. In the future, dur Orshot's Solutions will entough market characteristics and vaudication
fro authentitie pumong, therefy digesting
the mole we will have sincer for to provide processes driling we are inding ways
to create on "moletic official" interfers.com authries downhold processing with improved o velichie cycle: Antivict will enhance air installed base, we can then ww those one.
Witcs to improve our products, which grows ducown stran and provides a begger base for
aucoholytics Becoming a Digital indigities will require
Investment and will rest our culture, our
success it not a given we are creating a \$15 Billon soltware and digital company Inside of BE built on open promises and
new loadsess models we use plugging this
springer business into thousands of industy. complexe pitts on the \$226 billion powers booking. There is no bluephint for what we may type the chiefs.
Eut the poportanties for volve creation are bundess in better products, leading to add
led market shares around in services
in more staductivity profit/promotions civer the lost 15 years, infliens of dollars in weeks have been areated to all writs of companies
Internet stocks in the next 35 years, inflamin weblinwii be generalad scrais ihe industrial Internet. My commitment to you's that GE will
be being positioned than ony rival to crasts that volve and each these rewards.
14-GE 2015 INTEGRATED REPORT
DAVID JOYCE
We on opplying document of continues.
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JOHN FLANNERY
With the Projetty Good's classified die kalk meesters oor july oortom
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KATE JOHNSON
Retrosen 2020 all observing area equipment will be connected and the
explore (if in their tensis) can of detailed diam2
CE Dijem her promitism the paces,
process and so hockey has and to be
here to confinitely of $\mathcal{S}_\mathcal{A}$ to a motion be
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business automatic statement. sach esthere power of a lower coat. better hed this books in per economic networt down and leases ituation its himia relation.
In SE tighet along a stat on an empty-
els have machwale background and
thusis is have effectes can a "digital" CNA: They imalies to have created customerond portnerwompstern and
the processing multiplex effect these incomplements costs from the controls by one disciplication.
JAMIE MILLER
Transportation, CP WIS AITSINKIS EXPLUSIVE Moneschapy www.raping-is-semputak-
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maintenance to perform on e to comptive before it even comes HENRI NOONE
We are creating free of our traditional.
"Yurichland," with massive-optest and agie teams-hearra with singular
purpose, empowered to keepinge only discipline in nurtilisi tess to achieve their mission.
RUSSELL STOKES
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GE FRIS INTEGRATED REPORT (UP)
For full strategy memos from coch CE2. vitil gereports.com/or.2015
and how are we driving it?
mean for my business.
What does Digital Industrial
LORENZO SIMONELLI
Determine growing enhanced by the Importe customers and through our
digital inchedingy When maghinizers equipment, sub-perfore reservoirs and
aviamali data points are all brought
together operational pleaning polit de dalos resting beneva máre efficient
se é faciale 3-se ficamings máng go ta hyperformance and achais.
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STEVE BOLZE
is 2015, we survive than a Peace Plant, music of autheory opplications.
cowered by fred authorities of letr nore power higher reliability, cancter officiencies and lower are issums. The
Digital Down Please one personals sexual 180 million d'incinement retur dues
melles afterenning pierre, anché les \$2.30 million for a new one.
At the competitive, we are possibly well tur any continuous, averagent-
to end digital consections access out to move the telephone and the comment. The
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Superior Performance Powered by the GE Store
A sandormed as a delivering for your over the new three years we plan to grow our ly 15% abiti year This is based on reducing growing our care aperating profit. We plot to return roughly \$500 trill on to you in buyback.
and dividends from 2015-2018.
Funfuet its we exactle our purticult stross guand reduce the streat GE Capital, we plan to fun BEwith a more lyptoslin fustrial belance
sheet, this may allow an untronces levenger by more start tich talken while left recentling
arrighty rated balance shout. We plan to use the thorn mental capacities acquisitions or addeiznal buyback, bulking shareholder value localne late a serm.
full reft upon virtuals success tump more tum to do in the future and one compensated ti seziola. They stol four o competitive chonings that considers an our unique 65 Store, The GE Store coptures out oblity to shore knowledge technology and capablimat actors the at businesses. The secret out organic growth has avaraged 5%, swotimes nor truliastic peer group. And strice 1017.0%
The Stave of aws GE to innovate of scale. Investing more than our peers and spreading Gobol kesearch Center is mussing to lead consforming the way we make things we
neerily invested \$50 milion is a 30 pminm.
footiy in Alaboms to make a stillast lust syform component for USAP jet engines Warwill
prim 1,000 such components critically, with arrigation members and arrival to sell comparient is obsigned to wichscore high-
temperature and pressure, and was helonirolly mode from 20 officent bons, Now we tre printing the component, with loter Rdhig of a powered "rupst alloy" composed all
cobolit, chrome and molybdecum, it is zone
ighter and five times more durable allah di photogesot We are transformating copability.
Is throughout GE
the neer provided global visits and exposkiji, Our global reach has leiken decoder. to build the talent copobility, portnerships Ind requirements contribe monthed, all is one if the world's largest multi-hollonoit, with
plated orders of \$36 billion. Over the past like years, cur girtal growth has been Thi, twice
the GDP We invest using a tabli-barracity
spiraach, with most in our highest used by of of our businesses. Our global booklog is
\$23A bifton with balanced business and guoardphit.diversity
SE to an expansive at global competitive
and that really comes to handle as we need
your the changes in china, we will commuse is be a full polarcopant in chica, we alon as hove more then \$10 billion in revenue and
18 OF 2015 INTEGRATED (EADIT)
FastWorks combines the speed & agility of a startup with the scale & resources of GE
THE 2015 INTEGRATED REPORT 10
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SEFRING CHUNG annes achaeses.
Presentau mar sistematica for
politike conserv
500,000
lists before in sourcing in the sportfulure. The bandfits of long-term invasing and aimines. ing ore elements we work with chera sticon infrastructure organization which we can top into China Bonk financing to put gittell projects chine we are winking with scaleparted enterprises to highly monitors chine. for the next of the world we are building a big process manufacturing industry inside Chine.
wasting with drug companies to create local capating. Crine will remon an important market and GE is well-paskinned.
This 5ton: provides market solutions by bring. together AE businesses One of the bestenergy and reduce the impact of director change. Ecomogination has been a decada long effort to some one of the worlds.
Hugbest problems we work with currenting ike subat, to require rare gos in or a scovery we mumple at products and services for on. Intaugnee colution, in 2015 that Ecompanytion revenue was \$36 billion up solidd irom. ikherawa signad.
monotopy, our customers with Bestrie nolokens to support thair secritical programs. turing capes trits goes We recently com-
pleted on immediate partnership with Temple Linkwishy Fracidit system, o shree-bospital mast tupith system. They are grapping with
Hickorydd rolume and lawer retritumament or Healthcare worked with temple to focus on stratagy ond collector sticm, not just equipment replacement, Using an autoames based.
Ispermach, both memple and is a law revent-
20 OF 2015 INTEGRATED REPORT
all by lowering costs and improving parent. uns Togathat wa bre forgathg S40 million
In operational sortege, which will holp fund
rew ischoology, as port of the plot, we will provide Tumple with comprehensive service. equipment, analysis and financing, tataling ricie than \$30 million of future growth for ce, istra piesale drá working in the rootity to celver cuscomes. The GE Elera is podiaging
Friending, analytics and Pinevolish to police overcent Tancore
The Signe spreads invelops by converting RStused and accountable horizontal councils. Not finance Council has been operational rolonger visitabled tione by 3-5% and \$1.04fan of productivity. This year we will feeta on golving shore of eged floot, service analysis.
elet advocating report rechnology, can burn resses samirom eschistras
The Strink at Dacked by process racist we are
In the third year of training out teams on
Fassworks to lace their combines the best o leon matufacisning and entrepreneur-IF speed. We have trained 30,000 of the GE This work to being copied to moreose IP I reports, conceiond speed and variable ont productivity. Pathteries is baceming bewaywewerk
The Signe is built not a legacy of leagership. cavalopment. We have a continuor set of below. We have contemporary leadership programs through our Crecoterile learning
center and globelly davated the best and the brightest for our stress opinion was one
constrainty looking builside GE to recruit new Inswissige and capability that will make the Component or at the heart of the Store to a rebusi memoritani.
We ore directed the right programs at the stone. while we have made biogress boasting service margins and lowering services and our product cools are less high. At GE, we
work with an \$50 billion post of product and service costs, our plon to threeboth double ing deBallon to \$1 billion, nearly wice what II was in 2014; and torget \$900 million of
monulasturing productivity, in businesses fire Helihitate and Power, we heleve our product comes tow the substrated to loaner at she future. hrough triproved daster and sovered work-chansings is
woning on product cost is forcing us to Pegrano, wy curenty some chour \$30
biling a pars we design and we pay tob
signifiky more than they should case, With a huge and prediciable backing, sockward Integration offers Incremental margin oppor-
Jurity, In Power, we plan to leverage Alstom capability to prow car consent. In Aviation, we hove investor \$5 Miles-invastitof insignation at high returns.
W# (ipicelly run mit bustierses web; but from is still room for improcursor, in 2015.
we invested in Renuwable Energy, Brangy management and ports of reachhosts to reexpect from BE. We believe there is substanpresent basistin Yron's wwo aprenting to
CONTINUES
performance regardless at the environment.
A new, more highly levenspeal team-bases! incensive comperisorian plan creates even are outri more as we exceed goods that align: with shoreholder volum and poycers orebrookly differenteed bound on business resformonce in 2011, buildings poyees ranged from \$3% to 130% of loreet compensation. EXIL ERITITI WATER 11 AWS
Wa tala reddicting whoi is meant to covern a trice, clobal company. Mittatrally assocrote was a "temple for reviews" We word to the SE Store. GE is an operating company, so the sales soon will always criteree insteel accountability. But gene are the days when people would migrate to beadquarters to we must be in the world of ideas, so that we lemon committeey and porceted this is our corporate costs low-less then 2% of reanud... but houling a big impact. The GE Store, is voluntile for investors, it key reason you. STOUT ON FTE
Simplification: for the Team + Investors
To accomplish all of this, we are entireonig as cature of simplification, I have put regether a team of early conten GE-leaders to cooth.
The on our simplection journey. They intoire and motivate me but beening to them.
Is humbling. Through their eyes, I can see the evt name of corporate buleaucrocy; they are a good minor for my awn fallings. The CP they work in work on is a deeper and simpler tumpitny - anowhold everyone is liteting at
apportunities and there for the taking I work in moto as barrier for mam.
Employeen a association become the Cityits industrial, the dre leaving the world of professional skys, disconnected aprecisheers'
and durecupred worldfows to agile seems ings are mission-based. We are admovinedging that to the next generator, speed and
umphicoson ore synonymous with quarty
and innocation, wie have asked many outbigsching people to join CE, leaving promising eshages in IT competities. Thus dis to becouse they share our vision for the industrial is net, i have promised them that we will lead. in beth tachnelogy and culture; that we will rist be transiened by old industrial procedures. their 40 linear time it foundment for previous. Achieving a cuture of simplification it is siglegic importable at GE and will define our
leatership/artherisetgeneration
striple comprehensive and the content of the ter, Curris on les nieud 11 blunt the momentum of "corporate political correctment" it creates p sense mor. If the processes are followed. ouscomes dom: motter it init world, it is agov kaj losa a sansa Far gitoni as and groppe.
GE 2015 INTEGRATED REPORT
tionality. When political correctness invodes business you true your competitive edge. It doesn't do any good to em awdrits for gand governonce if you dre pering agree give to compettors. Our sole truth of parlamence is in the mother, weining with current and MORRARY
Striplification is impliing GE series measing Is the found term of GE. But I fine is broader.
View: fidt just a legislatic one, we work GE to be merely sound, but also streng. The way
we keep GE cole is by having great engineers who design reliable products by toking cyber skturity seriously and helding serior leaders is strong beforce sheet that is impregnated In a creat; by hoving open reporting of role violoices, by seeing growth opportunities If on uncertain economy, and by creating a culture of constructive conflict where everyone fail a voice, the includes people who sense. Simplification has helped us improve risk manogement (fraugh aparteanal a-cel-
Jende, zon zw multiske reviews mite cheapen OCCUPATION
Through skripk@coven Girls more unified. Hitle theorient to take out layers so that leaders aré in touch with their teams whe cré reducthe vehicle is series in their of delegating doctatoris to asperts with and clinter by our cattories. We have learned their even that haps parella will croise concern what they have mysper posts so we have simplified our memos to better sign our teams, 6E him 333 000 protokees working ground the world, sandhirdson is esserera to read sheet with a unifed purpose
A simpler company is fusted Let's face. complex systems are put in place ty bupariscilor. Foreworks is becoming the way we work. favoritie progress swet perfortion. Baconvig the tagris! Hiduarité will sales mul-Mile improvements we are not exactly sure what every strategic step will took Hea. But. we will find out quickly, we will learn and mällett tri sein.
A simpler company to more empathetic Elmplification farest you to acteally learn haw your ream werks to care more about their
look and productivity, Doug Folsom water CE Avigirants SO-widt-bld Hodisself, New Hostopshire factory which ambodies the tearing GEs. patt and future. Here we have 700 motivated heartymous drawing a standard associate when we hard ond how we hald it. They are embrochg a fully digital factory. Including now autometrid im films machines and 3D printing copolatry every than half of any employees are associated with high-cesh manufactur-
ing/We are investing in their future, and they are between a shortcad technologies to dur global customers, in requires, excepement and umpowermust to create valuable manufactoring Jobs.
A ampler comsony is based for our customers Pitrio Claudio Borres recently joined GE as the Chief Commercial Officer at our OE B. Gen business. At GE we have become too comfortable with improving approacher miscrabia. She has reprogriped pur commerdel effects to provide solutions, breken down.
Exchange borriers and leveloped distributions si improve paraenkos.
A Wrigest Cumpany is good for Mueavors.
Good searrs like the samm things as good Investors, Cow-crot, componier are before
Renyour fearn and investors in means lower layers lewer processes, more delegation of
diathcory and benef jubs, reformance (nd immigration produce more speed and more ecountability Your toam loves it and so dit.
Investors: Livining bolicle with valuable out. come: with compensation motiones our semental program
We have done a better lob of being our own power. Paw compones con month our record of bold change. To be honest, I don't inink polyipis are necessarily bad for componies. They are able to take a treat look We like homing smort investors in the littlock aren when they hove o point of uses worktus chollenge componies is set prior ties, sing wattrymoney and thre ord work on what to essented When a business team lolls in cit. this is what you find: complected accountet@ty, too much cost in the wrong places. we presides and low morket owner apeca sid rigge: "those city forecare crowders permanent wheelthey creates companies, sharte on us if we nood help from it is cutoldo to find this out.
lius ach Robe in wery CBC and company.
should be proudest of long-term investme. of building something, not just managing Hnow I am, Everyticaly Alies as r Ainston fischers today (thes on aversione franchise) echecal leadership and valuable customer restitonships, But nobody (Bed it then W1 1 of during the tingricial crisis when we decided RGC: Wa Trave the Friest I fu Ston we basiness in the rodustry, one that is high morgin and fast growth. Suitaing this position was facilizated by an 'expensive' acquisition that raday books like a bargam. It has pros-
pendwith the benefits of the GC thom, then hod woked for the id be popular, we would
hove mosed the specificity for every cominty, excre is a first the besites exciting the
course and interima to hew votess, between thort ism god long letm, GE is a 138-yearald compony. Forcust the our Investors hold aur stock for only an hour, sin months, three vetts: They are trigoright, but cony be the only voice will because these investors and tor too much, but because they can for too. Hills der strittight opportunities movinst. Our products, sele more importantly bet cuttomor relationships, lost for decodes et cit, we interbuildom.
moorer, www.bld. movems publically.cm/ lased compenies for being too strum, wireenemied. They may be right, but large fredsystemed investor's one to biome as well. They hove allowed governance to become to lagginitic obout points maged of presect.
JANUARY LETTER
their GE
constructed because it have accommodate principal prodonary, when financial from any in hale cause of Charge they are it is we wanted that response print images would be come tempers a private group component fixed comer plant on that drawing in their property and property.
There was the constitution of the measurement of ability of
WHAT DOES OUR GE DO?
ar buffall, wary dits wrigh in work in help sow people's likes We
have the tragital problem. In the world thin of occess to duck a
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but we recognises that the all that marketplace in changing motion. create lot speed 4.5 will no is also more risk in new products, hely
minister and new sections (see mid is doing). Return
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HOW SHOULD GE WORK?
the Silker work with a platforwhere we manth commer one. Anters well spack the tome religiously -- Preds -- in this the best
Suitcess for customers, Edgminisative haves how it needs to be discomation participin in all bland, resulting in the frant experience. adquise public setting a codium in Weisell research the distincted
provide memory is responsibled in the contenum resulting in LONGITAL FOODLINE INCO EFFICIAL
des strag that will not mange a mangineer, prongfit of a lakely prest.
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we manufacture them a law part bestement intergradium who dra hungry to learn.
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Pe entieny la siste tienes. The winepine demonstrational abs valung herbonst thriving and cooperative rauly as part of the ample/cast customers and perchant message assistances
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Infrastrume that that the undirections we will encourage them couch them unit the membershootes, this user that presence it. HESSHOHMAN
We art lescourage leaders to go deeps of morriers, and we will
headpot domain lespense in commental und rechnical fields
ca: within eyer more blobat with their ledders in growth morning These markets will require the courses they only at comproved 43 shay grow, the lease of SE will contrive to change to reflect the
SEWII be a place their ignities people's passions antwicking place
with the spiriture opinions daily. Premine lapnis with by an advertised
Operations will be many remissions and strains, and couplined mission printer to
Our teams will go beyond GE. We will sale be obewith costomers and ent minut in deelop nee studios. We will professive offers.
we will be impowered in costy sched, deelop or chrimidant case. incompanies and internal inspiration the world or like.
the authorizon without although third feature and concentrated with an formery we are trackly seen filadimize womey of aut
Workplaces
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COLLECTION AND BUSINESS INC. the Crotal Mill and by humility with the TOZTV'S LOTP AVIN/W/ CE-BOODED WW make decision measure of the other
WHY NOT US?
the recolula moltrig, dansaty FizaWorter prestaven militaria anche all'internet
George della viene all'internet all'internet
Drocca i presi di Liberati all'internet maw memodology infinitied but culture.
and redovalse is and where big sent at are encouraged Pawres are celetimised
and principal solution is resurbed
Als atons, swanishs putpaces, Whether we wilder with GE for 30 years of Breno He vest the company we like of someoniae.
the succionist, we see water ma-OTOATECHO AL CATATICE S. III IN LIN CE
We considered to be analysis had
communication and pources were this chorean donus de concerty, de employeeurs coorgins apportunity material data.
For grain, and make and make of them
materially "My while" All appoint.
the dynamic monoton of latenty. and the waters will are the combi-
the the downtos investor, it is confusing for missions when they are not that company growth emateries it refers sincing leadership to bridge the divide between activity regulation pushing you beckword and grivity ewepare the work more right now. It is possible to be who competitive strategically belonge clock.
plined or the same erns, suit, it requires great people who wont to moke a difference. The meet important culture change (dil anged of
us is to be completely kirole and of being rice for the sale of genericating, to fight for these.
To fight for our customers, to fight for efficient cy, to fight for pooptuwing the different
I wang our leaders to learn to alk invity oor USZ LWOTE shielt so drugm about new levels of crowth and parlormance. I wass them to see the world bath as it is drid as it could be if we ore determined ruled d. Broommer is one.
example, He's the profit sex of our blowins in Mittoprops He tulk in t business as on enurepreneur who leve right the GE Store, Now, we
are peretrating one of GE's biggest unserved motives, we will change the game two werp gratt idea in the future will come from a start
up in Elicon Valley, Same will come from big compones who ods. Why not us?
Sitylony, composes oth have a brooder impoct on the way the world works which we
are not effect to act, two years ago, with
the leadership of John Jaco, we apened a business process outsturding corver in Soudi Araşla, Oci vision was to tap tals a pool of stented South women to execute process Many people osked, why? Now the center is growing and competing globally, it has creat
ad 100 Jobs. It is led by a Squal warners. Dr syth non-assession absence victory change finese man covemments if they ask. Why lickus?
on really posed of the extraord, they are idenced global and driven they too have boon sessel. The GE wasm will have ho out worked, and we don't give up cost year we
worke \$2.5 blinkn order to upgrade the main roll tyssers This wos a projective actived on for 20 years. It required global teams week
endlaakel ona all the strength of the GE Store One of the heroes who delivered this win well
retrain 2016, His name is Down Tucker The was the commercial leaster in our Thompion torion business Like many GE leaders he has lived che "Artischoon predict" becoming more than he frought possible. He grooted every
mingweight unged dation people between close and cowly dat ise hod cle best pockeeg of mars for a leader in the world soday. He wis a function is salesman and he was a shrew) hsk monopir, He was olways willing segmon britishes, sprentice
You never hear cloud the heaves who work
of GE. They are not set globalists or crany
copilists. They are your neighbors, We are
port of an economic econoisem that is the real compatible in the world We meets great jobs through private enterprise and moveron directed as reking the worlds. tooghast problems. We creat proud to work. at ce, a purposeful company shot inalizes a difference in the world.
That is the spirit with which i am asking investors to join GE da we intrastum and exhas people like we are tail undersumed by big weston in this time of uncertainty, why not
GETWe have great businesses, glated scole ondrering messives wie fraw a ron of cost dustrial internat. We are the Digital Industrial. you heave inter puir labelom loomwal from the experience or economic voluntial
Deriver the financial crops, at 2008, we work inquently through show the see of SECOP-
tol, myesters would ask, "Why do you have as dipoint. But we knew that merely shrinking GE Clasifier would not create an enduring and firm zevletnun bedeisch wu di. 12 eitbul zu o different aspiration: in reclaim our role os the world's most vetucble industrial comry, one that will lead in Innovation and volus creation we are delivering on that dream
We con we learn we get terms We mile on being more than we are today. Some compo-DOILENT è crè n' become the Digital industrial we are commiad to delicat for you Join us on we croote the here wove of growth Why not GET
W Innex
Julinoy R. Immolt
Charman if the Bagra ond cher executive Officer February 26, 2016
OF RITS IMPOUNDED ARASIST 2P
STRATEGY & RESULTS 29-34
How We Use the GE Store to Win
STRATEGY & RESULTS.
34 GE 2015 IN TEGRATED REPORT
OUR BUSINESSES 35-37
DOM BUSINESS
PORTFOLIO & CAPITAL ALLOCATION 38-39
2015 Portfolio Changes: the biggest portfolio shift in GE's history
How We Allocate Your Capital
Key Your-Over-Veor Drivers
- Inc-44/45 most Roman Scolement Real September 27. Incardy August Account Property Manual Abr 50.00 in acts of the set of company of a full St. Annual September 2014
| Security Amery art adverge matter \$ 3000
OF RICE INTEGRATED REPORT 1981
MARGINS 40
How We Attack Industrial Margins
FINANCIALS 42-50
Statement of Earnings
| KIVENUES AND OTHER INCOME. Sales of cooch |
|
|---|---|
| finished san loss | |
| Other income Place 3/1 | |
| diff. Capital commitge form motivates corrections | |
| GE Eaglici myeniati from services | |
| Total revenues and bittel tricorver | |
| COSTS ARE: CLIMMED INDe 35 | |
| Deet of goods seld | |
| Cost of services sold | |
| Telling general and administration expenses | |
| Printed: and other Enoncial chooses | |
| Paement contracts, insurance larger and insurance service boxellis | |
| Stiver cocts and experient | |
| Tetti costi and taporesi | |
| AARNINGE FROM CONTINUES OF ENANOHIS WIFONE INCOME MAKES | |
| Bariel Esprovision I for Incomia to use (Note LA) | |
| EAHIBIGS FAGIT CONTINUES OFFICIONS | |
| Elemmica result that illustrated to professions, nut of tonic (Note 2) | |
| BELT SYSTEMS IN THE R | |
| Likes net againings Steet astroutoisis to inconcentrations interestie. | |
| NET SATNINGS (EDSS) ATTRIBUTABLE TEL THE COMMANY | |
| Perferred middle dividendit | |
| HET ENVIROS (1999) AFTROVIAILE TO GE CUPPOR SPAREOVIRING. ENSINGS ARTISTS AND SECTION APPRILITES STRUCKS. |
|
| Earnings from continuing operations | |
| Leve not extrainal those official objects comparated ing interests, continuing operations | |
| For nings from continuing aparature attributatile to the Compony- Frelemed stock dyktonds |
|
| for respective continuing resultate albumately in OC common characteristic | |
| liamings look from discontinued operations, net of taxes | |
| Less test earnings flood attributative to noncontrolling interests, discontinue it spend ons. | |
| RET EXPRISION (LOSS) AT THREE FAIL ETCH SECOND FOR SHALDWARKS. | |
| PES ENLINE ARROUNTS People 381 | |
| For nings from continuing operations | |
| tilkuted edmings per share | |
| Busic eachings per chare- | |
| Nut gommit Dogs | |
| Bloked enmoys Joustow shore Britit abrings liked par shore |
|
| DOVIDENCE DECLARED RER COMPROE SAVES | |
| American prospect o od due to intenting. | |
| Bechung 3 für aller Arten fürsechnen importrent zum und am insessiment zichlichen | |
| The minespering come is the finish of Council and Transact Deformate with a line EE 2005 Twee CE if myers. | |
| E 28 JOB INTEGRATED RESORT |
Statement of Earnings (Cordinad)
| Governal directors company. turn) corrections and will less as |
Silif | Pressual arrest as the opplet: | ||||||
|---|---|---|---|---|---|---|---|---|
| BILE | 2055 | 1943 | 30 LG | 006W | ZHLE | 896 | 3036 | 1913 |
| 17k510 | \$ 76,500 | \$193,073 | \$76,165 | \$76,711 | 8 71, 803 | t 79 |
121 1 |
226 |
| 51,258 | \$2,190 | FRAGH | 31.641 | 30,934 | 29063 | |||
| 2.227 | 776 | 3.507 | 2.168 | 307 | 2886 | ÷ | ||
| $\sim$ | $\rightarrow$ | $\frac{1}{2} \left( \frac{1}{2} \right) \left( \frac{1}{2} \right) \left( \frac{1}{2} \right)$ | (7.172) | 1832 | 699 | |||
| 8,550 | \$20.6 | 初出期 | - | ۰ | $\rightarrow$ | 10,722 | 11.199 | 11,111 |
| 117,386 | 土夫縣 | 113,285 | 105,300 | 102538 | 166,528 | 10,981 | 11.520 | 11762 |
| 59,905 | 61,257 | 57,867 | 58.170 | 私もお願い | 37,962 | $-19$ | 10 0 | 川西 |
| 22,700 | 22,067 | 71,974 | 20,150 | 20456 | 1966% | 2,273 | 2.394 | 2,700 |
| 17.851 | 16,848 | 17.945 | 14.114 | 14.97E | 16404 | 3,532 | 2,689 | 2.650 |
| 5463 | 2,723 | 2,870 | 1,706 | $-1.876$ | 1.333 | 3,901 | 3,638 | 2021 |
| 2.605 | 2.530 | 7,663 | 2 | 5m ÷ |
2,757 | 2,560% | 2764 | |
| 2,658 | 1151 | 828 | COL | $\frac{1}{2}$ | County | 7,667 | 1,159 | 856 |
| 309,200 | TDE 523 | 104,345 | 97.44T | READY | 95/368 | 13,519 | 山脑 | 13959 |
| 8.116 | 10.263 | 9,300 | 3.252 | 11.119 | 8533 | 12,73% | 前路 | 退職 |
| (6.48%) | (773) | 41,21M | 15.5040 | 11.6341 | 11,687 | 4.97% | 861 | 145 |
| 1.700 | 9490 | 7,981 | 1,746 | 9.685 | 7,854 | 17,7316 | 1137 | F3H |
| 17,495. | 5.955 | 5,475 | 7,8075 | 5.608 | 5,439 | 17,4861 | 5.860 | 5.540 |
| 顶方框 | 10745 | 13,755 | 16.0631 | 15,182 | 13,303 | 115,2029 | 7,397 | 6,758 |
| 332 | 112 | 296 | 63 | 1501 | 265 | 268 | 162 | 63 |
| 18,126 | 15.233 | 13,007 | 15.1461 | 15,232 | 13057 | 115,4604 | 7.234 | \$:200 |
| (18) | - | - | ۰ | STATE | Service | 1330 | (\$22) | sien |
| 道脚车 | \$14.233 | 11/057 s |
IE 1451 鸾 |
14,233 륗 |
1 13057 | 1.114.7600 | 6 21 8 | 3.008 |
| 1,700 ı |
9.490 s. |
1,991 s |
3.746 1 |
9.485 1 |
7.864 1 |
$-17.728$ | 1.557 | 714 |
| 19 | 边型 | 262 | 啟 | 1528 | 265 | ISSI | 15 | $-18$ |
| 1681 | U.535 | 7,618 | 1,653 | 9.535 | 1639 | (7,654) | 1532 | 699 |
| 信服 | ∸ | CONTINUES | $\equiv$ | ∸ | $\overline{\phantom{a}}$ | (330) | 13225 | 1944 |
| 1,683 | 9.535 | 1225 | 1,663 | 9.5.55 | 7618 | (7,983) | 1 200 | 401 |
| [7,695] | 5.85% | 5,073 | 17,0071 | 5,148 | 5.439 | [7,8.93] | 5.500 | 1340 |
| 312 | 157 | 56 | 512 | 1.57 | 35 | |||
| 10,145 t |
3:15.288 | \$13.057 | 15.1461 x |
8 35.233 | 3 13067 | \$ (15,780) | 6:35.2 | 5.006 ı |
| 5.27 1 3, 27 s. |
计杂点 з 0.95 э ×. |
s OTA: 5 0.74 |
| \$ 60.61. | 120 | $+27$ |
|---|---|---|
| \$ (D.62) | $-2.24$ | |
| 1 1.92 | 0.00 | 0.71 |
a) Research the office together of all officient common except (if Containative aurescript) or a streker main (exciting 1).
in International Countries of the Constitution of the Countries of the Countries of the Constitution of the Countries of Countries of the Countries of the Countries of the Countries of the Countries of the Countries of the lies scope perging nears in the Nissa or Consolidated Thren col Securements with a the CC-2003 Core 10. King per.
THE 2015 INTEGRATED REPORT AS
FINITICIALE
General Electric Company and Consolidated Affiliates
Consolidated Statement of Comprehensive Income (Loss)
| in they can stead Useanter 11 finalished. | 1911 | JOLA | $-0021$ | ||
|---|---|---|---|---|---|
| AT SARRIS 25 HOURS | \$795 | \$16.345 | 11.356 | ||
| LESE MEL GEORGIA ROGA QUI DUCODIO TE MORCUNIUS FOI TIVI VASI | 332 | 112 | 298 | ||
| FRIEGE SIDED AT THAIRTERLE TIT THE COMPARY." | 1 /6,1261 | 5:15,211 | \$ 13.027 | ||
| Down contacts for relation to the result | |||||
| Indument securities | 1 | (5.51) | S. | ma | 13741 |
| America tecnicities educationed | (3.137) | (7,720) | 306 | ||
| Costs Educ hedges | 7.54 | ist t | |||
| Element dions: | K16E | 17,278 | 11.300 | ||
| TOBBETOMPHOLONIAN MICCHE & DOG | 1,571 | 10.004 | 11004 | ||
| Lass other semprehensive rrooms food attributelity to noncontrolling interests | FOST | 狂劲 | 1251 | ||
| THEN COMPRESS NOWE HICEPYE A DISSENT TRIBUTABLE TO THE COMPA HT | 544 | 将方5剂 | 11.109 | ||
| Comptehenews income itself | 1.14.7.21 | 5.0 | 1.771 | \$ 36,640 | |
| ass.comprehensive. Income (loss) criticulate to concontrating, interests | 253 | 99 | 273 | ||
| VARIOUS ARRESTS AND DESCRIPTIONS AND RELEASED AND RELEASED AND RELEASED AND RELEASED AND RELEASED AND RELEASED | 5.14.4831 | \$ 2,000 | E 34 167 |
hammen percentification (be the 15 to further information about other connectional excess and and successively income
il dont
for accompanying subsider that the Consolidated Financial Statements within the CE 300 form 304 report.
MA GE 2005 INTEGRATED REPORT
General Electric Company and Consolidated Affiliates Consolidated Statement of Changes In Shareowners' Equity
| Joseffrest | AKER | 7988. | |
|---|---|---|---|
| 56 showowners: equity balance at January 3 | 8128,140 | \$130,000 | 1322026 |
| Net elemings i lossi attribuitable to the Company | H3760 | 16,215 | 13.057 |
| Disiolonds and other transactions with sharoow rum. | 修正関 | 8,948 | BOSN |
| Redemption up Lie adjustment for indeematic portcasswilling interests. | $-0.01$ | 学习部 | ாய |
| Differ comprehensive income flood actilitatable to the Compony. | 1544 | 商店等限 | 11.309 |
| Net selection hunchoods) of sheres. for treasury infi- | 1203481 | 122 | 7,9881 |
| Ebances in trinst condid- | 4.776 | $-346$ | 折刮 |
| Ending Salerice at December 32 | 98.276 | 128,158 | 130,668 |
| Noncommiting interests: | 3.844 | 机石工ム | 6,711 |
| clot squity bolance of December 35 | 3,500,139 | \$136,835 | \$136,783 |
n: 2000 automorp20100 automorphism applied of Sprinters County from UC states to account motion and to accord protony hamist.
An owns may not able from two ding
Too Mote 15 in: Nother information should be go as a shortest and marks
The constructions are associated to the mass to Construct the second finite works with a tree of 2014 from 12-11 se
GE 2015 INTEGRATED REPORT AS
HARRICALE
Statement of Financial Position
| LL Europe de la 15 de residence anciar altres communista | |
|---|---|
| Clinit long to quartermon | |
| Heattreett population Moto 31 | |
| Current incentration (Note 4) | |
| Inventorient Trache Si | |
| Financing motivation met dirett El : | |
| Drhar GE Copital receivations | |
| Progress plant and equipment-recibiote it | |
| Receive the from EE Copient thebit escumption | |
| Insective ni in BE Capitol | |
| Ginriked (Note 10) | |
| Ottat kontrgible imasté- net (Nobe 3) | |
| Committ assets (Note 9) | |
| Rification convenie (Taxan St) | |
| Defensed income traces (Note 14). | |
| Assets of businesses held for rigile blook 3. | |
| Resets of disconstrued operations (Note 2) | |
| Josef poorts HT | |
| LIABILITIEE AINS HOLEYY | |
| Short-tarm borrowings Perty 321. | |
| Accounts pauddle principally trade capatinia. | |
| Antipyers collections onto price criticisments structural | |
| Dividishuit) consultiu | |
| Disse GE current light then | |
| high-necounter borritautings of consoli-select securitization syntuxs (Note: 33) | |
| Long-testh Edmowings Picte 1918 | |
| Investment permeters, incorpore full frics and incurence annulur lienality. Note 131 | |
| Non-purrent compensation and benefits. | |
| All other fittel lies Note 13. | |
| Listenies of businesses held for sow Plew 21. | |
| Lightnes of discontrased operations Note 21. | |
| Total fightling [10] | |
| незначение лолеения8 од имеета / Note 31/ | |
| Parlima stack ISS44,250 shores outstanding at recreme 30LS and no shores autotanding of year and 2014. | |
| EEEE proferred stock that shores substituting at year-end 2015 and 50,000 shores substituting of year-end 2016. | |
| Dammen mack 19,379,298 000 cred 10,057,380,000 shores a assum ding or pear-real 2010 days 2014, expectively i | |
| hopitalizzazi estrar comprehensive income seggi invastamientos technologi | |
| Investment semprive | |
| Currecculinonsistiss situatments | |
| Costs flow bedgen Benetit donie |
|
| Other ocustor | |
| Rexonded earnings. | |
| Less commer procened in treceury. Total SE chargowners' equity: |
|
| Mencontrollers interests 41 (Mate 15) | |
| limit you'ry Notes 15 cent life | |
| Total Babildies, endeamoble manoproto hing informatii und equity | |
| let Darksmanning ein seinert als Beromeier. 71. 1005 wich abstreis ein sich einem auf dem einem wenigen weren eine eine geseinen werden werden werden werden werden werden werden werden werden. of those WLE. These commit-housing current recourcings and net financing receivables of \$4,367 million and sweatment cocurring of \$1,464 million with nusering inc. president pat assets of Simultanet spectrum of \$1796 within Our proportional interface to December 11, 2011 instanted Solution of person MEL for activity the MEL mices do not have receiver to UE. These Subkles included inner counts connections and stated security may restimate \$500 million and may increase the regulation of |
|
| approximational non-recourse borrowings of Clicamishin, discovering a spectrum of \$704 million. Des Now 21. In Dr. Documber 2, 2025, senior unnersund notes and commembi poper was a manned by CC appe to manager with GE Capital resulting to an intercompony poysitio to CE |
|
| deliveredur. St. 2015, this area assets \$1,559 million is shortern homewhap, and \$62.455 million is long-one hermerings, Serious 18 to calculated information all The sam of acquire land other companies in income face(MOCE confessions to the Company was BIC/72% in Non-and SEAM2) when on December 31, 2025 and 2014. |
|
| washing in | |
| all availance of involvements are excepted by a network of \$1254 million and \$1254 millions formator 71. 2021 and 2014, represents | |
| Amster is a list black aperture through cannot by them to Lane beam if a some foreverse or the the U. 2011 Fore, 12-1 report |
ME OF DOIS INTEGRATED REPORT
Statement of Financial Position romana
| Hypnopti All spouge that imported | $\omega^{\rm (g)}$ | Internet Disclose Company. and cossolidated afflictes. |
|||
|---|---|---|---|---|---|
| Mrs. | NHT | 351h | mrt | TVTH | mit |
| \$ 54.109 | \$ 60 111 | 19.916 s |
\$10.372 | \$10.125 | 沓 79,483 |
| 15x25 | 31,827 | 'Bb | 153 | 35.506 | 11,073 |
| × | 11,513 | 34,707 | 23,237 | 27,022 | |
| 河 | $-1.56$ | 1763b | 22,449 | 17.699 | 22,535 |
| 15647 | 25.007 | $\sim$ | 13.446 | 12.062 | |
| 13848 | 15,865 | 6261 | 6,792 | ||
| 11.257 | 54,781 | 17.707 | 30,145 | 49.170 | T4.005 |
| $\sim$ | 85,116 | $\sim$ | |||
| ÷ | 57548 | 66.227 | ۰ | ۰ | |
| LEIST. | 2370 | 71,128 | 83,157 | 552HF | BS 526 |
| 441 | 12984 | 16,312 | 13,382 | 16,784 | |
| 四 | COMPANY | 16,960 | 31.156 | 21.156 | |
| IFAGS | 35,257 | 7,122 | 13,201 | 15,860 20, 936 |
17, MT |
| LY AVELL | 64,5633 | 長野宮 | 7.666 | 6,388 | 1.106 |
| $\sim$ | 1,806 | 1.818 | 2336 | 无制度 | |
| 333 530 | 120,062 | $\cdot$ | r | 323529 | 120,051 |
| \$900589 | \$312125 | 3246.688 | \$327,562 | \$654354 | \$493,692 |
| 5 67.416 | E 48,650 | $$-1872$ | 1.19.799 | \$70.425 | \$49.052 |
| 1:405 | 1,765 | 16,511 | 19,255 | 12,067 | 13,680 |
| 125.00 | $-11,776$ | LE537 | 15,376 | ||
| 3317 | 1,467 | 2317 | 2.167 | ||
| 10322 | 23.895 | 14323 | 23.597 | ||
| A103 | 1065 | $\sim$ | 96.623 | 3.085 | |
| 174174 | 129,068 | 12,466 | 85,770 | 186596 | 185,301 |
| L7881 | 26.195 | $\sim$ | 27.432 | 25,692 | |
| FIA | 1,000 | 41.096 | 20, 472 | 62238 | SOAET |
| KEILE | 9321 | 11:122 | 15.371 | 35,111 | 32,318 |
| 1.504 | 1,405 | 942 | fist | ||
| 1.IBOW. | 36,358 | w | 1.33 | 1,78,233 | 86.4E7 |
| 430 191 | 355.411 | 136,604 | 220, 9.10 | 518623 | 389,582 |
| - 12 98 |
2.972 | 諵 | 2.972 | ||
| r. | w | ||||
| 5 | ٠ | ٠ | |||
| $\overline{\phantom{a}}$ | ÷ | ||||
| 102 | PEE2 | A52 | 拉 | ||
| 1.010 | 458 | 1015 | 460 | 1815 | $-460$ |
| 试规 | 信旨论 | 12,4289 | 6,4998 | 2.42日 | (5.499) |
| 消学站 | 193281 | 10809 | $-100%$ | $-1500$ | ion |
| 出行 | (540) | 115,5769 | 11.4109 | (16.578) | 111.420 |
| 1/369 | 12326 | 32.889 | 37,613 | 32,480 | 37.613 |
| 55.577 | SA/989 | 355,337 | 150,021 | 155,115 | 1.4.8,020 |
| Jan | 042.6939 | 63,5398 | 442.533 | 153.5398 | |
| 87490 | 46,227 | 128,169 | BR.274 | 128,150 | 38,274 |
| 2490 | -485 | 829 | 1.3 TH | 8.674 | 3,864 |
| 00398 | 46.713 | L28.68x | 89,651 | 136,833 | 100.138 |
| 1300.589 | E312.175 | \$245,686 | 8323, 642 | \$654,954 | \$402,682 |
(c) Represents the addition operator of of efficient images are except \$3.5 posts which is presented on a con-the black the fixed 1.
Amounts was not rate for to secret to
is the constitution of the product of the state the team in original constitution of the interaction from his constitution of the party of the state of the state of the state of the state of the state of the state of the s See accompanying scope in the fit see to Consciousne Financial Streaments with in the E& 2013 Form 18-4 report.
GE 2015 (NTESNATED REPORT 47)
Himselvill
Statement of Cash Flows
| ne tissues solid moment to averificen CASILING AUCTION AND ARRESTS AND ARRESTS TO |
|
|---|---|
| Net expresse does | |
| Less net annings (besi mix buschis to nencontroling interests | |
| Net yountegs do air murbunable to the Compony | |
| Earning@fosa from: discominued courations | |
| Adjustments to record in minimize an except contract the company to cost provided from generaling activities. | |
| Depreciation and troothtesten of property, plant and equipment | |
| Someriga from continuing boardclons recorned by GE Copitar es | |
| Deletted storms brees | |
| Decrease Encreases in SE mayors mestigates | |
| Registrate Involvisibiliti inventories | |
| HICKCOR (GEORGIA) (6 BOXOLITE DOVODIC | |
| increase blooking in GE progress collections | |
| All other operating a cuvilles: | |
| Cast: from Merc fon operating octarities - continuing controllors | |
| Clair from Laud for operating octorics - discontrived operations | |
| CASH PROM JUSOS PORT OPERATING ACTIVITIES | |
| CASH PLOWS-TRAFETING ACTIVITIES | |
| Additional to property, plant one equipment. | |
| Dispositions of projects, plots stad equipment | |
| Net decrease Increases in GE Copital financing receivables | |
| Proceeds from sule of drappingued quentions | |
| Proceeds that i julia gail backers dispositors | |
| Raiseeds from sele of equity interest in MKU LLC. Maccuals from to where a lot principal transcent practice of |
|
| a a civilizar announce randolf A | |
| Chall from June 2 Ro) Investing cook time - continuous spectrosois. | |
| Cash from Lead for love sting octivities - discontinued colerations. | |
| CASH INCINESIA POW INVESTING ACTIVITIES | |
| CASH PUDAES-VIRANCING ALTIMITIES | |
| table in organize the term of the state of the second all about the state. | |
| Newly sauged dobt imaturities larger than 90 days! | |
| Repoyments mid-offer reductors traducties briger than 40 mays | |
| Proceeds from issuance of EE Copital preferred stock | |
| Net all appells and invectioned in fig5 where it to creatury | |
| Division disc protect for attorney over a | |
| A Enther Financing activities | |
| Einf: from jured for their one detivities - beetinging operations | |
| Creek from \$ wed find funniting instituties - Allowadding a conventions | |
| CASH PROH JUSED FOR VIAN NOING ACTIVITIES | |
| Effect of currency exchange mae clips genom costs and equivalents | |
| INCESASE IDECESSED IN CASIFARITI SQUIVALENTS | |
| Employees a guideline of the president year. | |
| Cash and equivalents as end of year. | |
| Les a coats de la capaciente of discontinua dispermicina di endici uson | |
| Clark crist equivalents of continuing poerations as and of your | |
| SUPPLAINTING INSCLUBING OF CASH FIZING INTERNATION | |
| Cash pold during the poor for interest. | |
| Chalk recoursed look ti during the year for income talkes | |
| let Represente GE Copital ears appliced foot common my disease out this toble to the Company, net of SE Copital bluforms acid to SE. | |
| homern hey not take them couldne- | |
| Ele coper ponying notasiin it a Hoos to Concell saled Pinecipi Seto nu can a Bin the GE 2012 Form 20-K result. |
ME OF JOTS INTEGRATED REPORT
Statement of Cash Flows compet
| the tel of Classick: October no can't conceal that but a FM chas |
ores | Fincerbil Services \$30 Explod | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| m18 | FILM | $3811$ | 1814 | 3014 | 1813 | 39.95 | HELL | 353 | ||
| 1 (5715) | \$15305 | \$13,355 | IE-9613 х |
1 15 IM | ĩ | 13.313 | \$415,2021 | 2347 9 |
\$ | 6,256 |
| 332 | 132 | 798 | 83 | 搞的 | 146 | 368 | 163 | 日 | ||
| 00.1246 | 15.293 | 11,057 | (6,145) | 15,733 | 13067 | 431,450 | 7,734 | 6,204 | ||
| 7,465 | (5.855) | 医光器 | 7.807 | 5,6981 | 5.430 | 1,465 | 15,8601 | 15.5401 | ||
| 6.847 | 4,963 | 2,473 | 200 | 2.638 | 1,636 | 2,628 | ||||
| START | 6,200 | 12.284 | 1.625 | 5321 | 7.7166 | |||||
| 383 | 18821 | 3.560 | 11.8000 | 14,760 | 0571 | E183 | 16861 | FMK 04 | ||
| 体調 | 1.91.31 | 1985. | 444 | (LF/L) | 12, 4.5.25 | |||||
| 1514 | 평전점 | TL368 | 12823 | ほわ | 11.3511 | (14) | 22 | 33 | ||
| 1941 | 555 | $-442$ | 276 | 184 | 609 | [130] | 258 | 155 | ||
| 1004 | SLSI | LBRZ | 13.0.100 | (528) | 1919 | ÷ | ||||
| 7,180 | 3318 | 4.672 | 2,685 | 2572 | 1,498 | 1.067 | 2:488 | 2,5%6 | ||
| 11,916 | 16.053 | 14.398 | 15,754 | 35,371 | 14,255 | 1537 | 6.283 | 5.252 | ||
| 末段数 | 11,676 | 14.112 | 1133 | (8) | 团 | 支加后 | 11,678 | 14.117 | ||
| 19.931 | 17.750 | 26.610 | 16.342 | 15:160 | 14.253 | 1.543 | 17,541 | 11345 | ||
| 17,500 | 17,1341 | 16.754 | 12.7055 | $-3.170$ | 13650 | HL2371 | (3 8 1 3 1 | (2.27%) | ||
| 3.000 | 2923 | L718 | 18.3% | 115 | 3211 | 2508 | 2,121 | 2,535 | ||
| 1,043 | 1.593 | 1.153 | $\overline{\phantom{a}}$ | $\sim$ | .276 | LUFTI | TB2E | |||
| PRINTS | $-112$ | 528 | 75.615 | 132 | 528 | |||||
| 1,283 | 930 | LALE | 1.725 | EIV | 1,118 | $-532$ | WPT | |||
| ÷ | 15,695 | $\sim$ | 16.659 | |||||||
| 18.8.0271 | (2,093) | 15,026 | (85.3.50) | 之作影 | (B.0.26) | 社87円 | ||||
| 15.013 | 13:410 | 35.027 | 13.3045 | 11,0623 | 性8580 | MEHUL | 34,574 | US PSU | ||
| 61,613 | 19,229 | 44,159 | (S2,77%) | (5.80fg) | 0.822 | 72,295 | 23,158 | 33,564 | ||
| 12.1258 | 120,253 | US DA29 | 12 | s | 6,157 | U4.763 | 往ちの証明 | |||
| 53.488 | (5) 9944 | 29.137 | 112.7833 | 西川西 | 48.25 | 70.3.58 | 11,11151 | 27,507 | ||
| 124,4598 | 6,409 | FILL CARS | $+05$ | $-183$ | 385 | 设法多场 | 17,078 | 103.7378 | ||
| 13,961 | 14629 | 38.356 | 3.560 | 3,564 | $-512$ | 16393 | 11.545 | 37,852 | ||
| 157,038 | 138,413 | 153,626 | (2.190) | (123) | 5037 | TALMARY | (18,597) | 166,5871 | ||
| in 1911. | sн | 990 | ÷ | ÷ | 390 | |||||
| (1.059) | $-0.239$ | th 7756 | (1.999) | 正工店 | 西芒地 | |||||
| (8,295) | 信都站 | 07.80TL | (後22期) | 跳鼓灯 | (7.5.71) | 9,670 | 15,3221 | 部設計 | ||
| 13.60% | 652 | 0.988 | 203 | 146 | 123.71 | (1367) | 临7日 | 面图 | ||
| 100.587 | 18/0.9321 | 144,813 | 图.2113 | 6.114 | DOM:N | 668, 2731 | 177,533 | MORTH | ||
| JE, 537 | 13556 | 1.238 | $\frac{1}{2}$ | K5071 | 23,996 | 1,219 | ||||
| 176.054 | 116,956 | IAS \$751 | (8.211) | 6,7101 | (20:581) | 1717801 | 113,6651 | 129.3829 | ||
| 13,4541 | (3,462) | 17951 | (808) | (112) | (12) | 4,5591 | (1.100) | (773) | ||
| (5.34) | 2.278 | IL258 | IS:5840 | 3330 | 11.827 | 5,405 | 181 | 12,991 | ||
| 91.017 | 86.792 | 77.533 | 15.116 | 13.687 | 15509 | 71,100 | TE30K | 62.113 | ||
| 00:879 | 11.017 | 88,782 | 30.372 | 15.118 | 13680 | BC 505 | 15,100 | 75,103 | ||
| 20:305 | 20,985 | GILT | ÷ | - | CE 395 | 20,991 | 9.61.7 | |||
| 1 70,483 | \$170,025 | 1 79.173 | \$ 10,172 | \$ 15.116 | 5 13682 | \$ 60.111 | \$ \$4,103 | \$ 45,092 | ||
| 1 11,558 | \$19,560 | 3 18.98B | \$ 11,3048 | 3 LHS | \$ 11.3329 | 認定時間 9. |
8.33.03 | 5 日山田 | ||
| 12,486 | 12.958 | 12,4877 | 13.6340 | 1.130 | M755 | 18/1023 | 31,6181 | 2,766 |
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IE DIS HATEGRATED REPORT AN
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What You Can Find in the Fpotnotes to Our Financial Statements
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You can find the financial statement footnotes in our 10-K ot: www.ga.com/annualreport (click on the downloads)
30 GE2011 NOTEGRATES TERORIT
How We Fecus on the Most Critical Enterprise Risks
"I have asked GE's leaders to go deep on what I believe are the fourmost critical risks facing the Company: product quality, cybersecurity. haustily and giobal compliance. Over the years, we have built lines of defense around these care risk focus areas."
Chairman & Chief Executive Officer
| CORE RISK FOCUS AREAS | |||||
|---|---|---|---|---|---|
| LINES OF DEFENSE | PROBUCT GUALITY |
CYBERSECURITY | LIQUIDITY THROUGH A CRISIS |
SLOSAL COMPLIANCE |
|
| CIERS DOMAIN EXPERTISE. |
*18.000+493 1449L .Giolo Fissorch Orles |
* 11,000+17 & 15 Def 10010830006 a IT Security Convolutions Contact FIND WEIGHT TO GET THAT'S. Braingle on 2008 |
. T5G TIBBUY (INVARIATION) |
++700 000000000 s innescription $+679$ process |
|
| DISCIPLINED. BUSINESS INDCESSES & CHALLENGE CULTURE 2 |
+Integrated GE-wide council en productmentajethent. SUDDY OF OD 5 400/149 CDG . Photo:15d/cly Bandy · Services Counts |
+ Product/bystem DRESS/LTDT Sec 218/ + Installed bear. intreckdart . Gibersecurity Task Force · Product Security incident Festure From |
- Risk averaged & stress Jaszares a Crett Boarmatelys BECRIFTING SUSPICE DRIVING |
+ Folky Compliance Review. SECRE, BOXTEREDGA GEAGE- norwiavs millis + Global Dimbia da Sjokern · Execpiculture of integrity Shrift Gladen, bar TANG 2161 SAL + Ethiophere Magazine EE nomed time of the wond's non smoti cimpanes 10years morney |
|
| STRONG AUDIT GTHRO-PARTY OVERSIGNIT |
* REMOVE & D. FAAL FEWL ARC |
RECORDING Forborblawutt Staff · Reidteom penekrallum testing challenges · Wunders mounts DRI ELIT GROSS |
* CHIR ISSN 000 NHS. - RODGEDISLAC TRE. FRA * ITEMORIE, la canu AUCH nov. |
A EXSIMULTABLE, ATPEC. +300 portraits & 6008+ aret horrs ernusæl + International COVORITIE AMEI 303TE 6 GE COVATA MADI. |
|
| BOARD TRAILSDARENCY 6 HANAGEWEIT GMERSHEHT 4 HETCH FINING disk to Avict 1939 - its air prodi- of sugarchizally recent to minister of Recent |
atines COMMITTEE |
GE Board GOVERNA NOFA HAILAGENERY PUBLIC APARINE DEVALOPMENT & CONNETTEE COMPENSATION COMMITTEE: |
SECARITAL COMMITTEE |
TECHNOLOGY B INDUSTRIAL NSKOONMITTER |
|
| CORPORATE ALOIT FOUT & GE OVATAL AUDIT |
POLICY COMPLIANCE REVIEW BOARD |
œ SLUEFRAIT AEVIEW 3 |
GECRATAL BOARD GE CARTALENT ERPRISE HISR MAINAGEMENT CONNECTION |
DE 2015 NATIONALITY REPORT 31
GOVERNANCE 52-56
O&A with Our Lead Director
What has been the licent's role in the significant portfolio shift that's. undervoy at GE?
enemies: Capital diocustory is an a of the must important dreas inclure Board overseas There have been avocritical copital allocation decisions for GE shis year-the BE Copital axit and the Alstom scaulation. These were not impulsky decisions, by crather the product of o multi year. tintiagic plonning processwich the Goard. For example, the Statistics between their torn bewelver breakther targets belone approxing the Alchen deal. Borrenatrice worrs best which declarers ore made in stranged partheistichen am managenentend he Board. where the Board is active and constructively challenges. management; yet is macto's assuppive Arter opproving cideal, therebold construct his enjoypement by closely movining the integration or displaintan process.
What were some of the big structural changes on the Board in the post year?
Beem on We Implemented proxy occess at 3% for 3 years, which we believe is appropriate based on our conversations with treasures and given our strategies shareowner base. These hospeen a for omavinor discussion around the finer paints of provincials, polwill suy that we'vel actronister proxy access the way we mplementes a by seriour giarrar bolance.
The other significant changewas our apaption of a 15-year. doscior term limit policy. This change come out of the BODYCE Belf-evaluation process and triaws us as accreered a balented the of director ages and smalls. Newadays, you may find someone qualified to join the Board of a phetty young age is a termining drep geachtoors wom in Eandemwelt our oge term pot ry:
The Board recently overnow the redesign of GE's compensation plans. What were the key changes, and do you think they're working?
Esenhant This beat we implemented those formulas: test also granary amust benus plan. It has been successful become it has provided organizationshow and account points. With a more formulair, plan, it is important. for the Beard to manitar it and ripikeapproprietal adjustments to enture that changes in clampany strollagy. are supported by active plan targets.
There were some fully moragement. changes this year. Can you talk about the Board's rate in successionplanning®
Etennan One of air most important ques as a Board It oversearing overall succession bigraing or GE and under tion ting the depth and breadin of intent in the company. The MDCC reviews the management (earn) and succession plans across the company of of at its alght regularly schoolsed mastings, it addition, there are: numerous souch points for all of our directors so parton olly get to know GE leaders, such as our director-only site yiels.
lincerely.
JOHN J. BRENNAN Lead Flinarios
nove OSA w
Jezil Dimestr
SE GE 2015 INTERNATED HEROKT
AN ACTIVE & ENGAGED BOARD
Recruited it may cancers over rate E years, molecing 5 new nominous ha 2:15.
2014
Radiasional incontive.
on unwasted RSUs
2015
Adopted director term limit of
15 years implemented prews access
13%, 3yrs. 20% of Bootd, up to 20 shorpswhere con aggregatel
Adopted onti-pladging/hadging policy
compensation programs
tannual bones + long-term equityl
Eliminated dividend equivalents
2013
Enhanced lead director responsbilities & selection
Furnedindependent conmittee to oversee RSD
Lowered opecial shareowner meeting threshold to 30%
BOARD ACCOUNTABILITY TO INVESTORS
INDEPENDENT BOARD LEADERSHIP
meetings in executive passars without management. present
$50+$
committee meetings in 2035 (of controllines ting independent.
2X+/year waits to GE businesses
by each director
annual
essessment of Board leadership structure
GE POLS INTEGRATED REPORT 13
SOVERNMENT C
Board Composition & Refreshment
Board Nominees
| Director | Committed Humberships | |||||||
|---|---|---|---|---|---|---|---|---|
| hiatrie ADE |
Since | Primery Gooupation & Other Fublic Computy Beards | di 44 | e | H. | osc! | ||
| Bearing 54 自白犬自山 |
МОЛИТЕК | Cherria CEO, Abcor WANTE: ACEDE. CAND LOODING THOUGH |
||||||
| Behalttie $-55$ 444948 |
200m | CEO, Senerobion Copital & former CEO, The Wondbridge Company powds, require Leaf Podels, royal tame of canada, Accola Emergrites |
ø | |||||
| Brennan £Ł 自ら寄山 |
2001 | Chair Emailtus & Serior Advisor, The Vonguard Group. FOURTH LAL FILM DIA HONDAGE |
c | |||||
| D'Souzn சி 2005 |
2011 CEO, Cognizzert Technology Stillctims Boards: Cognizant |
п | ||||||
| Dékkers TS 自じ交 寄し |
2011 | Chat of the august of Hanagement, Saver- ilinants (uni/ever+ |
||||||
| Henry 心の言 |
ALC: Norrection | Date: 6 Professor of Economics 4 Finance. INVESTIGATION CONSUMERS Boards, Ciligrout |
||||||
| Hockfield £д ■史書に |
2006 | Prasiilant Emartis: 6. Protessor of Neuroscience, Hill | c | |||||
| immelt 碲 自動大曲 |
2001 | Chitrá CEO, General Biectric. | ||||||
| 57 Jung $\bullet$ $\bullet$ $\bullet$ $\bullet$ |
1991 | President & CEO, Grameen America & formar ChastCEO, Avon EDATES: Apple, Demont |
||||||
| Lone œ 公に来るで |
actor. Spards, BMW |
former choir a ceo, paere | ||||||
| Lazarus ۊ SEX 6 |
2008 | Chair Emethus & former CEO, Ogley & Mother Soartis, Macketonia, March. |
c | |||||
| McAdam 自ち寄生 |
61 Nommer lloards, virwon |
Chair & CEO, Verzon Communications | ||||||
| Mulvo 69 알 같 못 줄 |
3006 | Former Chuir & CEO. ConcorPhilists Moards: Susayal Moscre |
F | |||||
| 钌 Rohr 医发酵试验 |
2011 | Former Chair & CEO, PNC Financial Services Group. Boards: Allaghany Tachnologiks, EQT, Marothan Petroleum |
||||||
| Schopiro FAT $x_0$ a $x$ |
2011 | VIOLENCE CLASSICAL BOOK & DEDITION & DETRACTION STC. Boards, London Stock Ekchange |
||||||
| Tisch 63 金田大田川 |
2018 | Prinsident & CEO. Loanes margareta a bandylounn's as both award collision. |
||||||
| When the action comments in the second the act MESHINGSTATIS |
IT-1990V growst provessime it is | KSHRINGAR (NORTH) NG KATALING KALI ING ING KATALONG GERMANIAN NG KELONG KATALONG KATA TOTAGOOGLO INSULTING REFE |
Queritic opens S Leonership S Rass 黄 有注示(f) |
of meetor. | ||||
| Covernances, RabboAffEag *** CONSIDERED IN DATA REPORT FOR FAILURE PAGES CONSIDERED INVESTIGATION OF THE FAILURE |
contension LEC GEORGION |
CELLE c A noine or expense |
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GE RILL WIRGRATED REPORT BE
Board & Committees
18. EE 2015 INTEGRATED REPORT
COMPENSATION 57-59
Compensation Profile
gods
WHAT WE DO
Unanimoral capproved for severance & dooth benefits.
Quidock of locanities nsdw.nationsnearna. worronted
Lignificant shere overership requirements 6 holding period for option shares
Limited pergumites including
transportation, life insurance, home security
WHAT WE DON'T DO
No individual severance or charge of-control agreements
Na grass-ups on excise taxes No childend equivalents on
uneemed RSUs/PSUs
Na hedging ar pledging at
GE stock
No lump sum povout of pontion
PRIMARY EXECUTIVE COMPENSATION ELEMENTS FOR 2015
| Salary | Bonus | LTPAS | PSLIs | Орякина | RSUE | |
|---|---|---|---|---|---|---|
| Vital ListNe | A Entitled speculiosa to the company's the first |
ATEN AS AUTORES mo |
||||
| 2932 | sunna a gun HIMWED INER 18 months |
Announced Srider Press to Late or TEXT 2/7856 VIOLET |
||||
| STORY OF STRAIN | ||||||
| consideration of a station of was between the state |
||||||
| TURED B | 12120719 90 T 90 C |
1 years San Lot |
WANTE | COMMON STATISTICS | ||
| THE BIOFICIAL | Committee 483681.609 |
Formulaio & COEN BY COAD (LLS SPINNY) |
or and also committee worthing a enformance. | Porstutolo, sispendo en stoati. a file on gearchaa/vest.polo |
||
| FANK | de triansmission entre distin- HYDDAGE GEORG |
Second Art Level State | EXPORTER FMOVE 4. | Stock price-eppries at loss |
DE 2015 INTEGRATEURSPORT \$3
PHOTOSATING
Aligning Pay With Ferformance
wak. For intermation on how these metrics are coloulated, see "Exploration all was AA/ Finds of Maximum and Sections on Hender, 20 SE 2016 Provincing 49.
\$8.6E 2015 INTEGRATED REPORT
2015 CEO Puy
TOTAL COMPENSATION A NAIVSES
A
Vear-over-year
congmittation: 5%
становия 119
change
Brittilte Kell
BED Juried
Affulted
turl enad
ACCOUNTABILITY
| MOBIONS | ||
|---|---|---|
| 5.8M Vipilos sold 9/105.31 9/10 25.02 Jack Borus doos of torust 409-08-2014 |
200K PSUS SOME 05 20141 LTRA poyour BOOK eptions but from BOOK IN 2010 |
S12.5M CONTROL - BUSH REPORTED -08 2015 SEC (69) europanotten |
Hain
drivers
Per formunce
EC IMM
substanted stock ownership 1.02M+ or shorespurchased GHOR 2000
LTPA paynut and Ewid benuses over the loot 10 years.
Belonced opposed to compensation (20 declined \$11.7M)
segment operating profit margins and gross thorquid Ideoluting Alstom!
2015 Summary & Realized Compensation measures
Lower increase in pension volue office
because 2015 was the final year of the
by higher LTPA mind mere payment
Sironger GE sinck price performance
performance period
| Name 6 Stimular Posaion |
Solary Botus | FSL% & 85.15* |
Shock 021055 |
LT PAS® | Pehasin E. deferral compensation1 |
A.3 oblice counts. |
陈 10 for |
HAU SEC cotial ® |
Hecker DO PERTIL IW-2P |
|
|---|---|---|---|---|---|---|---|---|---|---|
| WELFARE Chair & CEO |
\$5,800 | \$5,000 | \$5,739 | 17964 | \$7,614 | 56.337 | \$520 | \$32,936 | \$23,377 | \$10,029 |
| Infinitive Road SVP-& LTD |
\$1,600 | \$2,900 | 52,767 | \$1,000 | \$3,361 | 算正 | KDH | \$11.761 | \$9.05% LAKENT |
\$5,356 |
| BLIRD BYLIN Vice Chair |
\$2,538 \$4,000 | 12:501 | \$1,100 | IS 1187 | 33.318 | 红 (耳) | \$13,660. | \$15,884 | 19.675 | |
| KEITH STAFFIT VICE CTOF |
\$2,500 | \$5,233 | 12990 | $-11186$ | \$6,751 | SE 951 | 5299 | \$25.906 | \$15,742 | \$6.947 |
| Former SUR | \$1,438 | \$1.025 12.259 | \$859 | \$4,037 | \$89.9 | \$207 | \$11.152 | \$10.063 | \$5.017 |
Some at "Sociologists" calcino indire forming you common in latin and Lodge Prospects.
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* Sciences "Chatige co-Personal Volume & recognal theolisedness Computine toget automorphism and I was an at 2014 hop page 10.
* Represents SK, Nexx compensation milliot across a permis cars and participate to annuality. Permis on the force, we may not a ship preferrence per ent (2013-2011) Represents the compare often we remediate useful by nettent, as reported section 185 of 2 fyrms. See Realis CS signs soon for the GC 2006 Processes and
ITE DOLS INTEGRATED REPORT \$9.
KPMG Fees
| SET IT HERO FIGHT | Audit * | Audit-related* | fliss? | All Others | Yates |
|---|---|---|---|---|---|
| $-3015$ | 4750 | 专项目: | SLB | tna. | \$97.6 |
| 3018 | 178.7 | \$300 | \$2.2 | ED (I) | 1.14 |
State (installation after \$47 \$17.00 to the state and matches of the state about the windows for windows TASSURE IN SERIONS, A SUS DISCIPLINES WORK DEVICES OF DAYS 6 WARRIE DELIVERED WAS FILM AS DIVING CHARGING SECONDS.
ed pts
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taw manning of a structure and service administration.
69 GE 2015 INTEGRATED REPORT
WHAT WE ARE PAYING FOR 500K+ oude hauss $1,200+$ yicksid sides yourself -300
ocnears
2016 PROPOSALS
| Proponani | What the proposed uses for | Why the bog of recommends a year ASAWET this proposal |
|
|---|---|---|---|
| TOUR REQUIT ON 1000VRD. | E# @HEGOVOVINABELTODURI DECIDSURE OF it's prilticol & krisbying activities online & in our Sustainability Argori |
||
| неюренория стал 1996 727 2013 |
KA NTAH LUBERINT |
Results boord coditions independent |
EE has a simna, independent leas director model & our current pyucture is the most erretters for our |
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Daramar Restarces DE |
tripingne il aqual employment. opportunity primaples in toront |
SE circuity provides agust eppertunity ertoloyment & employs a diverse warkforce globally, including in Israel |
| POUT DE QUINT | Allow shoreswhere to graphesees their shores sivore of for one or ntore nomineer |
SUBSIDIO 2012 24:559 MARIN PINAND PLACES to of improversions special interests. |
|
| Post Importance-Page in 144 SE 2015 Prima parts |
ISSW FORTRAT |
RESURP SOME DOTS OF THIS TELL option grants to serior expactives be performance-based |
EE's executive compessorion program is directly prodeminately based asmantarial |
| Humon notita re NIKE BE 2018 PERMIT |
Report on GE's polite in es for INVESTING, OGENSTATE & WISHING OWING from taglons with fromon-tights Hels |
GE has a strong trock record on humon nahistasues & provider robust disclosure innounwateRa |
-TRUSSELL The Chy of its bosts products in playing Rashmann Symbon | ACREL Actions Covertics humic Aristy become
How to Submit a Proposal for Next Year
| FEDDONAH ft) the lubic in group* |
Billiebor nomineel to include in proxy prosy economy* |
man. Butborger. mercanassa no ba- presented at original meating** |
|
|---|---|---|---|
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92.803 | 3% for 3 years just to 30 griencowners. contaggregates |
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| University of the Assembly | on the rease more cover or will proxystatement. incounted bateroovers worries we may |
By mult Ask Drothlet Secretary. Senargi Electric Company of the oppositely address listed | |
| ME BIFLIER | ivitarroptian caquired by SEC rules |
Effernation required by our caliber. | |
| *Pramerimeriusiele filf regenereren installing hie länd. We want to all 2011, \$2.44. Security and a dealer was |
PHODOLIC NO LOTIDIO LISTORISTS RIA 143-2010 PA INCONTRIBUTION FAIL DISPLISH TO WALKINGS, DURING RIVER AND TO 지역, 이지 사람들 입는 것 같지. 이러한 거의 연수가 있어서 있어? |
line Trebits Georginal at GE 2115 Pre y proje (S)
DE 2015 INVESTIGATED REPORT ON
SUSTAINABILITY 62-63
62 GE 2011 INTEGRATED REPORT
ANNUAL MEETING 64
Tou pre-rovepad to croped GE1 2016 annual meeting. This page consells, meetings of armation docut the matting. Including how you can meleasure your stays are represented by noting today. Be sure to check put our interschies mobile-literally online proxy hwww.go.com/proxyl and annual report (www.go.com/annual:aport).
Condially, Also Demonial, secretary
Call Juli Ree LIS/Consdal
Foul your signed prizer form
1-800-852-VOTE B683
summory report, which combines lost information from GEs annual report, proxystowment ond systomobility websites.
www.ge.com/ar2015/integrated-report
VOTING QSA
Who our your Eharpowners as of our record date, February 29, 2016
How many shares are entitled to vote? 9.3 billion common shores ipreferred shares are not entitled to votel
How many votes do I got? One vots on each proposal foreach shore you held as of Petrosory 29, 2016
Do you have en independent impactur of ulactions?
Yes, you can reach them at MI Associates, 1000 N Wert St. Se 1200 Winnigton DE 19601
Can Fohunge my vote? Yes, by voting in person at the meeting, delivering a new proxy or notifying NS Associates inwriting. But, if you hald shares through a broker, you will need to contact them
Ealt helk free NA/Conodal
LEBEL FOOLAS AND CORAL
arioty briginal vising
instruction form
(Litty vote confidential? Yes, only VS Associates & certain GE umployee s/ogents hove eccess to individual share awner votisig records
Where cost I find out more information? See "Valling Is-Meeting Information" on GE 2016 Areay page 62
BA CE 2015 IN TEGRATED REPORT
This document contains "forwardlooking statements' - that is. statements related to future. not past, events, in this context. forward-looking statements often address our expected future business and financial performance and financial condition, and often contain words such as "expect," "anticipate." "intend," "plan," "believe," "seek," "see." "will," "would" or "target."
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GE 2015 INTEGRATED REPORT 66
