General Electric (GE) 2012年年度报告「NYSE」.pdf

1、2012 Annual ReportGeneral Electric CompanyFairfield,Connecticut GE 2012 Annual ReportGE Works3.EPC055148101A.10315015418014714720082009201020112012CONSOLIDATED REVENUES(In$billions)20092008201020112012OPERATING EARNINGS(In$billions)2009200820102011201219.117.816.414.712.1CASH FLOW FROM OPERATING ACT

2、IVITIES(CFOA)(In$billions)14.916.19.916.912.4ON THE COVER Top left:Shelli Wilding and George Crichton,GE Oil&Gas.Top right:Juana Hoskins,GE Healthcare.Bottom right:Phan Ng.oc ang,GE Power&Water.Bottomleft:GE Aviation jet engine testing facility,Peebles,OhioGE SCORECARD2012 RESULTSIndustrial Segment

3、Earnings Growth+10%Industrial Operating Earnings%of Total55%Cash from GE Capital$6.4 billionIndustrial Segment Organic Revenue Growth+8%Margin Growth+30 bps,15.1%Cash Returned to Investors$12.4 billionReturns on Total Capital11.7%RELATIVE PERFORMANCEINDUSTRIAL VS.20 PEERSGEPEERS QUARTILEOrganic Grow

4、th(%)831stMargin(%)15.111.52ndReturns(%)15.510.32ndGE CAPITAL VS.BANKSGEREGIONAL BANKSMONEY CENTER BANKSTier 1 Common RatioBasel 3(%)8.88.18.7Liquidity Coverage Ratio(%)29661116Net Interest Margin(%)4.93.72.9 GECC is not currently subject to minimum regulatory capital requirements.This U.S.Basel 3 e

5、stimate is based on GECCs current understanding of the Standardized Approach as issued in a Notice of Proposed rulemaking by U.S.federal banking agencies in 2012.This estimate may evolve over time as U.S.Basel 3 rules and their applicability to GECC are finalized.Peer data is based on publicly avail

6、able information incorporating either U.S.Basel 3 standardized or U.S.advanced approaches.Financial data as of 3Q 2012.GECC information;Peer comparisons using assumptions based on December 2010 guidance and publicly available company data.It does not reflect the revised guidance issued in January 20