General Electric (GE) 8-K GE Reports Record Financial Results for Full-Year and Fourth-Quarter 2005

Exhibit 99

PRESS RELEASE

GE Reports Record Financial Results for Full-Year and Fourth-Quarter 2005

Financial Highlights (Continuing Operations)

§Record 2005 revenues of $149.7 billion, up 11%; organic revenue growth of 8%

§Record 2005 earnings of $18.3 billion, up 12%; Earnings per share (EPS) of $1.72, up 10%

§All six GE businesses delivered double-digit earnings growth for the year

§Record 2005 cash from operating activities (CFOA) up 42% to $21.6 billion, Industrial CFOA up 14%

§Increased 2006 EPS growth outlook to $1.94-2.02, up 13-17% over 2005; 1Q ’06 EPS of $.38-.40, up 15-21%

Fairfield, Conn., January 20, 2006 - GE announced today record full-year 2005 earnings from continuing operations of $18.3 billion, or $1.72 per share, up 12% and 10% from 2004. Full-year revenues from continuing operations were also a record $149.7 billion, up 11%, increasing 8% organically. Cash flow from GE’s operating activities in 2005 increased 42% to $21.6 billion.

“We finished 2005 as we expected with a strong quarter in our business segments that capped an excellent year,” said GE Chairman and CEO Jeff Immelt. “This year we executed on our organic growth initiatives, strengthened our organization and improved our portfolio, including the continued exit from the majority of our insurance businesses.

“Looking into 2006, the current economic environment remains positive and is in line with our expectations: we see continued strong growth in Asia and developing markets, mid single-digit growth in the Americas, and slow growth in Europe. This is the kind of environment that plays well to GE’s products and services strengths.

“Our business fundamentals remain strong. Total year orders were up 10% in 2005, with demand coming from all the businesses. Our equipment backlog was $24 billion at year end and our multi-year services agreements increased to $87 billion, up 15%. We have good visibility into the increasing demand for our products and services in 2006.

“Growth is also fueling robust cash flow. GE’s CFOA is up 42%, with Industrial CFOA up 14% over 2004. With these funds we increased the quarterly dividend for the 30^th straight year and we expanded our stock buyback program from $15 billion through 2007 to $25 billion through 2008. In 2005, we eliminated the remaining parent-supported debt at GE Capital Services ahead of schedule, and we purchased $5 billion of stock, a 67% increase over what we committed to earlier in the year. We plan to repurchase $7-9 billion of our stock in 2006.”  

Highlights of Preliminary Full-Year and Fourth-Quarter 2005 Results

§   Full-year earnings from continuing operations were a record $18.3 billion, up 12% from $16.3 billion in 2004, with comparable EPS of $1.72 up 10% from last year’s $1.56. All six of GE’s businesses contributed solid double-digit earnings growth for the year.

§   Full-year continuing revenues grew 11% to a record $149.7 billion. Industrial sales rose 10% to $90.4 billion, reflecting solid core growth and the net effects of acquisitions. Financial services revenues increased 12% to $59.3 billion.

§   Fourth-quarter earnings from continuing operations were $5.772 billion ($.55 per share), up from $5.718 billion ($.54 per share) in fourth quarter 2004. Five of GE’s six businesses contributed solid double-digit earnings growth. Earnings growth excluding the previously announced correction for Statement of Financial Accounting Standards (SFAS) 133 and the effects of dispositions of GE’s ownership interest in Gecis (now Genpact) was 11%.

§   Fourth-quarter continuing revenues were $40.7 billion, up 3% from $39.7 billion in fourth quarter 2004. Industrial sales increased 4% to $25.6 billion reflecting core growth and the net effects of acquisitions. Financial services revenues of $15.1 billion were about the same as last year, reflecting lower asset sales and the effects of dispositions. Financial services revenue growth excluding the previously announced correction for SFAS 133 and the effects of dispositions of GE’s ownership interest in Gecis (now Genpact) was 5%.

§   Cash generated from GE’s operating activities in 2005 totaled $21.6 billion, up 42% from $15.2 billion last year, reflecting a 14% increase from the industrial businesses. The GE Capital Services dividend of $7.8 billion for the year was up $4.7 billion over last year, reflecting strong operating results and cash from dispositions.

§   Discontinued operations include the results of the majority of our Insurance businesses, GE Insurance Solutions and Genworth. Consistent with previous guidance, discontinued operations results in fourth quarter 2005 were a net loss of $2.7 billion, including a $2.9 billion loss at GE Insurance Solutions and $0.2 billion earnings from Genworth. Accordingly, fourth-quarter net earnings were $3.1 billion ($.29 per share) in 2005 and $5.6 billion ($.53 per share) in the prior year. For the year, the net loss from discontinued operations was $1.9 billion in 2005 compared with net earnings of $0.5 billion in 2004. Accordingly, net earnings were $16.4 billion ($1.54 per share) in 2005 and $16.8 billion ($1.61 per share) in 2004.

“I am proud of the GE team and our accomplishments. We enter 2006 with solid momentum and a strong outlook, including full-year 2006 EPS from continuing operations of $1.94-2.02, an increase of 13-17% over comparable 2005 earnings. For 1Q’06, we expect to achieve EPS of $.38-.40, up 15-21%,” said Immelt. “This sustained double-digit earnings growth and healthy cash generation should produce strong shareowner returns in 2006.”

GE will discuss preliminary fourth-quarter and full-year results on a conference call and Webcast at 8:30 a.m. ET today. Call information is available at www.ge.com/investor, and related charts will be posted there prior to the call.

Fourth-Quarter 2005 Business Highlights

Infrastructure

§   Signed GEnx engine order agreements with Korean Air, Japan Airlines and Air Canada for $240 million, $700 million and $900 million, respectively.

§   Won an order from Emirates Airlines for GE90 engines and an OnPoint^SM Solutions agreement worth more than $2.5 billion.

§   Entered into an agreement to provide GE90 engines and OnPoint^SM Solutions services to Cathay Pacific Airways.

§   Announced the construction of 1st Mexico desalination plant.

§   Chosen to supply gas turbines and services for Nigerian government projects totaling 2,000 megawatts.

§   Awarded a contract for the expansion of a power plant in the State of Qatar, a $500 million venture.

§   Signed agreement worth more than $450 million with the China Ministry of Railways to provide 300 locomotives.

Consumer Finance

§   Acquired a majority interest in Keppel Bank, the oldest savings bank in the Philippines, establishing a presence in one of Asia's fastest growing economies. 

§   Made a strategic investment in Shenzhen Development Bank (SDB), China's first publicly traded bank, and signed a strategic cooperation agreement with SDB to develop consumer finance opportunities in China.

§   Reached agreement to acquire Pacific Retail Finance, a $350 million consumer finance company in New Zealand, and one of the country's largest direct to consumer finance operations, solidifying GE's position as one of Australia-New Zealand's leading financial services companies.

§   Agreed to purchase the credit card assets of Belk, Inc., the United States' largest privately owned department store company, adding approximately $500 million in assets to Consumer Finance's U.S. PLCC platform.

§   Closed acquisition of stake in Garanti bank.

Commercial Finance

§   Agreed to acquire Arden Realty, a REIT that owns, manages, leases, develops and renovates Southern California office properties jointly with Trizec Properties.

§   Acquired a portfolio of 112 industrial properties in Mexico for $450 million, one of the largest Latin American real-estate transactions to date.

§   Completed acquisition of Antares Capital, a leading lender to middle market, private equity sponsors. The acquisition added $1.5 billion in purchased assets and $2 billion assets under management.

§   Closed financings with ServerCorr LLC for $440 million and NextMedia for $335 million.

Industrial

§   Received the Good Housekeeping "Good Buy" Award and Popular Science "Best of What's New" award in the Home Tech category for outstanding performance and innovative features for the GE Profile^TM dishwasher with SmartDispense^TM technology.

§   Introduced ecomagination products including advanced Lexan^TM, GE’s first hard-coated, polycarbonate sheet product for the global public transportation industry.

§   Entered into an historic partnership with the Chinese Ministry of Agriculture to improve agricultural productivity in the region with a silicones-based additive technology called Silwet* Super Spreader from GE Silicones.

§   Launched Checkpoint of the Future laboratory at the San Francisco International Airport as part of GE’s “Tunnel of Truth” Imagination Breakthrough. The Checkpoint of the Future collaboration included GE, San Francisco International Airport and TSA.

NBC Universal

§   Premiered King Kong, which has generated more than $500 million in worldwide box office receipts.

§   Began offering NBC Universal television shows on Apple's iTunes service, with episodes of The Office among the most popular downloads as broadcast TV ratings have reached all-time highs in the key demographic of adults 18-49.

§   Generated highest adults 18-49 rating this season for a TV sitcom with My Name Is Earl.

§   Delivered Telemundo’s strongest quarterly performance ever in adults 18-49 and adults 18-34 in weekday primetime, becoming the fastest-growing broadcast network in both demographics.

§   Achieved Sci Fi Channel’s highest full-year ratings, and led all basic-cable entertainment networks in primetime adult 25-54 averages for the fourth quarter with USA Network, which delivered its biggest quarter in more than seven years.

Healthcare

§   Generated strong demand for orders in computed tomography (CT), ultrasound, and magnetic resonance (MR) orders, with strong demand for Imagination Breakthrough products, such as more than $215 million in orders for the LightSpeed Volume CT^TM scanner.

§   Announced the 500th global installation of the LightSpeed VCT, making it the fastest selling product in the business’s history.

§   Launched the Discovery VCT, the World’s First Volumetric PET/CT System at the 91st annual meeting of the Radiological Society of North America in Chicago in November.

§   Announced U.S. FDA clearance of Lunar iDXA^(TM), a new bone mineral density system designed to help doctors detect, diagnose and monitor treatment of osteoporosis.

§   Named by Frost & Sullivan as the “2005 Company of the Year” in the field of medical imaging for its “invaluable contribution to the global healthcare industry.”

* * *

GE (NYSE: GE) is Imagination at Work -- a diversified technology, media and financial services company focused on solving some of the world’s toughest problems. With products and services ranging from aircraft engines, power generation, water processing and security technology to medical imaging, business and consumer financing, media content and advanced materials, GE serves customers in more than 100 countries and employs more than 300,000 people worldwide. For more information, visit the company's Web site at www.ge.com.

Caution Concerning Forward-Looking Statements

2005 results are preliminary and quarterly information is unaudited. This document contains "forward-looking 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 often contain words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," or "will." Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For us, particular uncertainties which could adversely or positively affect our future results include: the behavior of financial markets, including fluctuations in interest rates and commodity prices; strategic actions, including dispositions; future integration of acquired businesses; future financial performance of major industries which we serve, including, without limitation, the air and rail transportation, energy generation, media, real estate and healthcare industries; unanticipated loss development in our insurance businesses; and numerous other matters of national, regional and global scale, including those of a political, economic, business, competitive and regulatory nature. These uncertainties may cause our actual future results to be materially different than those expressed in our forward-looking statements. We do not undertake to update our forward-looking statements.

Contact: General Electric, Fairfield

Russell Wilkerson, 203.373.3193 (office); 203.581.2114 (mobile)

russell.wilkerson@ge.com

GENERAL ELECTRIC COMPANY

Condensed Statement of Earnings

	Consolidated									GE									Financial Services (GECS)
Three months ended December 31	2005			2004			V%			2005			2004			V%			2005			2004			V%
Revenues
Sales of goods and services	$	26,176		$	25,333					$	25,622		$	24,572					$	647		$	830
GECS earnings from continuing operations		-			-						2,675			2,727						-			-
GECS revenues from services		14,106			13,929						-			-						14,478			14,291
Other income		423			414						443			416						-			-
Total revenues		40,705			39,676			3	%		28,740			27,715			4	%		15,125			15,121			-
Costs and expenses
Cost of sales, operating and administrative expenses		27,520			27,083						21,669			20,813						6,134			6,526
Interest and other financial charges		3,988			3,339						376			336						3,756			3,115
Insurance losses and policyholder and  annuity benefits		1,365			1,202						-			-						1,423			1,267
Provision for losses on financing receivables		886			1,144						-			-						886			1,144
Minority interest in net earnings of  consolidated affiliates		250			296						203			247						47			49
Total costs and expenses		34,009			33,064			3	%		22,248			21,396			4	%		12,246			12,101			1	%
Earnings from continuing operations before income taxes		6,696			6,612			1	%		6,492			6,319			3	%		2,879			3,020			(5	)%
Provision for income taxes		(924	)		(894	)					(720	)		(601	)					(204	)		(293	)
Earnings from continuing operations		5,772			5,718			1	%		5,772			5,718			1	%		2,675			2,727			(2	)%
(Loss) from discontinued operations   (net of taxes)		(2,708	)		(87	)					(2,708	)		(87	)					(2,708	)		(87	)
Net earnings	$	3,064		$	5,631			(46	)%	$	3,064		$	5,631			(46	)%	$	(33	)	$	2,640			U
Per-share amounts- earnings from      continuing operations
Diluted earnings per share	$	0.55		$	0.54			2	%
Total average equivalent shares		10,563			10,626			(1	)%
Basic earnings per share	$	0.55		$	0.54			2	%
Total average equivalent shares		10,526			10,580			(1	)%
Per-share amounts - net earnings
Diluted earnings per share	$	0.29		$	0.53			(45	)%													��
Total average equivalent shares		10,563			10,626			(1	)%
Basic earnings per share	$	0.29		$	0.53			(45	)%
Total average equivalent shares		10,526			10,580			(1	)%
Dividends declared per share	$	0.25		$	0.22			14	%

Dollar amounts and share amounts in millions; per-share amounts in dollars; unaudited. Supplemental consolidating data are shown for "GE" and "GECS." Transactions between GE and GECS have been eliminated from the "consolidated" columns. See note 1 to the 2004 consolidated financial statements at www.ge.com/annual04 for further information about consolidation matters.

GENERAL ELECTRIC COMPANY

Condensed Statement of Earnings

	Consolidated									GE									Financial Services (GECS)
Twelve months ended December 31	2005			2004			V%			2005			2004			V%			2005			2004			V%
Revenues
Sales of goods and services	$	92,589		$	84,705					$	90,430		$	82,214					$	2,528		$	2,840
GECS earnings from continuing operations		-			-						9,141			7,853						-			-
GECS revenues from services		55,430			48,712						-			-						56,769			50,054
Other income		1,683			1,064						1,764			1,076						-			-
Total revenues		149,702			134,481			11	%		101,335			91,143			11	%		59,297			52,894			12	%
Costs and expenses
Cost of sales, operating and administrative expenses		102,085			94,855						78,094			71,368						25,027			24,529
Interest and other financial charges		15,187			11,656						1,432			979						14,308			11,121
Insurance losses and policyholder   and annuity benefits		5,474			3,583						-			-						5,674			3,800
Provision for losses on financing receivables		3,841			3,888						-			-						3,841			3,888
Minority interest in net earnings of   consolidated affiliates		986			728						784			538						202			190
Total costs and expenses		127,573			114,710			11	%		80,310			72,885			10	%		49,052			43,528			13	%
Earnings from continuing operations before income taxes		22,129			19,771			12	%		21,025			18,258			15	%		10,245			9,366			9	%
Provision for income taxes		(3,854	)		(3,486	)					(2,750	)		(1,973	)					(1,104	)		(1,513	)
Earnings from continuing operations	$	18,275		$	16,285			12	%	$	18,275		$	16,285			12	%	$	9,141		$	7,853			16	%
Earnings (loss) from discontinued operations (net of taxes)		(1,922	)		534						(1,922	)		534						(1,922	)		534
Net earnings	$	16,353		$	16,819			(3	)%	$	16,353		$	16,819			(3	)%	$	7,219		$	8,387			(14	)%
Per-share amounts - earnings from continuing operations
Diluted earnings per share	$	1.72		$	1.56			10	%
Total average equivalent shares		10,611			10,445			2	%
Basic earnings per share	$	1.73		$	1.57			10	%
Total average equivalent shares		10,570			10,400			2	%
Per-share amounts - net earnings
Diluted earnings per share	$	1.54		$	1.61			(4	)%
Total average equivalent shares		10,611			10,445			2	%
Basic earnings per share	$	1.55		$	1.62			(4	)%
Total average equivalent shares		10,570			10,400			2	%
Dividends declared per share	$	0.91		$	0.82			11	%

Dollar amounts and share amounts in millions; per-share amounts in dollars; unaudited. Supplemental consolidating data are shown for "GE" and "GECS." Transactions between GE and GECS have been eliminated from the "consolidated" columns. See note 1 to the 2004 consolidated financial statements at www.ge.com/annual04 for further information about consolidation matters.

GENERAL ELECTRIC COMPANY

Summary of Operating Segments (unaudited)

	Three Months									Twelve Months
	Ended December 31									Ended December 31
(Dollars in millions)	2005			2004			V%			2005			2004			V%
Revenues
Commercial Finance	$	5,231		$	5,368			(3	)	$	20,646		$	19,524			6
Consumer Finance		4,886			4,304			14			19,416			15,734			23
Healthcare		4,486			4,259			5			15,153			13,456			13
Industrial		8,453			8,378			1			32,631			30,722			6
Infrastructure		12,080			10,877			11			41,803			37,373			12
NBC Universal		4,192			4,341			(3	)		14,689			12,886			14
Corporate items and eliminations		1,377			2,149			(36	)		5,364			4,786			12
Consolidated revenues from continuing   operations	$	40,705		$	39,676			3		$	149,702		$	134,481			11
Segment profit (a)
Commercial Finance	$	1,280		$	1,081			18		$	4,290		$	3,570			20
Consumer Finance		770			637			21			3,050			2,520			21
Healthcare		995			860			16			2,665			2,286			17
Industrial		769			613			25			2,559			1,833			40
Infrastructure		2,433			2,096			16			7,769			6,797			14
NBC Universal		801			860			(7	)		3,092			2,558			21
Total segment profit		7,048			6,147			15			23,425			19,564			20
Corporate items and eliminations		(180	)		508			U			(968	)		(327	)		U
GE interest and other financial charges		(376	)		(336	)		(12	)		(1,432	)		(979	)		(46	)
GE provision for income taxes		(720	)		(601	)		(20	)		(2,750	)		(1,973	)		(39	)
Earnings from continuing operations	$	5,772		$	5,718			1		$	18,275		$	16,285			12
Earnings (loss) from discontinued operations   (net of taxes)	$	(2,708	)	$	(87	)		U		$	(1,922	)	$	534			U
Consolidated net earnings	$	3,064		$	5,631			(46	)	$	16,353		$	16,819			(3	)

(a)   Segment profit always excludes the effects of principal pension plans, results reported as discontinued operations and accounting changes, and may exclude matters such as charges for restructuring; rationalization and other similar expenses; in-process research and development and certain other acquisition-related charges and balances; certain gains and losses from dispositions; and litigation settlements or other charges, responsibility for which preceded the current management team. Segment profit excludes or includes interest and other financial charges and income taxes according to how a particular segment's management is measured - excluded in determining segment profit, which we refer to as "operating profit," for Healthcare, NBC Universal, and the industrial businesses of the Industrial and Infrastructure segments; included in determining segment profit, which we refer to as "net earnings," for Commercial Finance, Consumer Finance, and the financial services businesses of the Industrial segment (Equipment Services) and Infrastructure segment (Aviation Financial Services, Energy Financial Services and Transportation Finance).

GENERAL ELECTRIC COMPANY

Summary of Operating Segments (unaudited)

Additional Information

	Three Months							Twelve Months
	Ended December 31							Ended December 31
(Dollars in millions)	2005		2004		V%			2005		2004		V%
Commercial Finance
Revenues	$	5,231	$	5,368		(3	)	$	20,646	$	19,524		6
Segment profit	$	1,280	$	1,081		18		$	4,290	$	3,570		20
Revenues
Capital Solutions	$	2,897	$	3,126		(7	)	$	11,476	$	11,503		-
Real Estate		828		894		(7	)		3,492		3,084		13
Segment profit
Capital Solutions	$	460	$	455		1		$	1,515	$	1,325		14
Real Estate		389		374		4			1,282		1,124		14
Industrial
Revenues	$	8,453	$	8,378		1		$	32,631	$	30,722		6
Segment profit	$	769	$	613		25		$	2,559	$	1,833		40
Revenues
Consumer & Industrial	$	3,733	$	3,757		(1	)	$	14,092	$	13,767		2
Equipment Services		1,692		1,727		(2	)		6,627		6,571		1
Plastics		1,655		1,715		(3	)		6,606		6,066		9
Segment profit
Consumer & Industrial	$	283	$	200		42		$	871	$	716		22
Equipment Services		85		55		55			197		82		F
Plastics		222		220		1			867		566		53
Infrastructure
Revenues	$	12,080	$	10,877		11		$	41,803	$	37,373		12
Segment profit	$	2,433	$	2,096		16		$	7,769	$	6,797		14
Revenues
Aviation	$	3,336	$	3,178		5		$	11,904	$	11,094		7
Aviation Financial Services		904		875		3			3,504		3,159		11
Energy		5,009		4,400		14			16,525		14,586		13
Energy Financial Services		360		200		80			1,349		972		39
Oil & Gas		1,288		980		31			3,598		3,135		15
Transportation		1,019		876		16			3,577		3,007		19
Segment profit
Aviation	$	752	$	709		6		$	2,573	$	2,238		15
Aviation Financial Services		221		167		32			764		520		47
Energy		879		802		10			2,665		2,543		5
Energy Financial Services		196		57		F			646		376		72
Oil & Gas		202		123		64			411		331		24
Transportation		180		153		18			524		516		2

GENERAL ELECTRIC COMPANY

Condensed Statement of Financial Position

(Dollars in billions)	Consolidated				GE				Financial Services (GECS)
Assets		12/31/05		12/31/04		12/31/05		12/31/04		12/31/05		12/31/04
Cash & marketable securities	$	62.2	$	69.1	$	2.5	$	3.6	$	60.0	$	65.7
Receivables		14.9		14.2		15.1		14.5		-		-
Inventories		10.5		9.8		10.3		9.6		0.2		0.2
GECS financing receivables - net		287.6		282.7		-		-		287.6		282.7
Property, plant & equipment - net		67.5		63.1		16.5		16.8		51.0		46.3
Investment in GECS		-		-		50.8		54.3		-		-
Goodwill & intangible assets		81.7		78.5		57.8		54.7		23.9		23.7
Other assets		102.1		100.8		36.8		38.1		71.1		67.6
Assets of discontinued operations		46.8		132.3		-		-		46.8		132.3
Total assets	$	673.3	$	750.5	$	189.8	$	191.6	$	540.6	$	618.5
Liabilities and equity
Borrowings	$	370.4	$	365.1	$	10.2	$	11.0	$	362.1	$	355.5
Insurance reserves		45.4		48.1		-		-		45.7		48.4
Other liabilities & minority interest		111.8		113.6		70.2		69.8		45.4		47.2
Liabilities of discontinued operations		36.3		112.9		-		-		36.6		113.1
Shareowners' equity		109.4		110.8		109.4		110.8		50.8		54.3
Total liabilities and equity	$	673.3	$	750.5	$	189.8	$	191.6	$	540.6	$	618.5

December 31, 2005 information is unaudited. Supplemental consolidating data are shown for "GE" and "Financial Services (GECS)." Transactions between GE and GECS have been eliminated from the "consolidated" columns. See note 1 to the 2004 consolidated financial statements at www.ge.com/annual04 for further information about consolidation matters.

GENERAL ELECTRIC COMPANY

Financial Measures That Supplement GAAP

We sometimes use information derived from consolidated financial information but not presented in our financial statements prepared in accordance with U.S. generally accepted accounting principles (GAAP). Certain of these data are considered "non-GAAP financial measures" under SEC rules. Specifically, we have referred to organic revenue growth for the twelve months ended December 31, 2005, compared with the twelve months ended December 31, 2004, the increase in cash from operating activities from our industrial businesses (or Industrial CFOA) for the twelve months ended December 31, 2005, compared with the twelve months ended December 31, 2004, earnings growth excluding the previously announced corrrection for SFAS 133 and the effects of dispositions of GE's ownership interest in Gecis (now Genpact) and financial services revenue growth excluding the previously announced correction for SFAS 133 and the effects of dispositions of GE's ownership interest in Gecis (now Genpact). The reasons we use these non-GAAP financial measures and their reconciliation to their most directly comparable GAAP financial measures - continuing revenues, cash from operating activities, earnings from continuing operations and financial services revenues - follow.

	Twelve months
(Dollars in millions)	ended December 31
	2005		2004		V		%
GE consolidated continuing revenues as reported	$	149,702	$	134,481		11	%
Less the effects of:
Acquisitions, dispositions and currency exchange rates		10,561		4,526
The 2004 Olympics broadcasts		-		927
The May 2005 SFAS 133 correction		-		503
GE consolidated revenues excluding the effects of acquisitions, business dispositions (other than dispositions
of businesses acquired for investment), currency exchange rates, the 2004 Olympics broadcasts and the
May 2005 SFAS 133 correction (organic revenues)	$	139,141	$	128,525		8	%

	Twelve months
	ended December 31
	2005		2004		V		%
Cash from GE’s operating activities as reported	$	21,609	$	15,204		42	%
Less: GECS dividends		7,816		3,105
Cash from GE’s operating activities excluding dividends from GECS (Industrial CFOA)	$	13,793	$	12,099		14	%

	Three months
	ended December 31
	2005		2004		V		%
GE earnings from continuing operations as reported	$	5,772	$	5,718		1	%
Less the effects of:
The May 2005 SFAS 133 correction		-		253
Genpact dispositions		94		336
GE earnings from continuing operations excluding the effects of the May 2005 SFAS correction and Genpact dispostions	$	5,678	$	5,129		11	%

	Three months
	ended December 31
	2005		2004		V		%
Financial services revenues as reported	$	15,125	$	15,121		-
Less the effects of:
The May 2005 SFAS 133 correction		-		451
Genpact dispositions		94		396
Financial services revenues excluding the effects of the May 2005 SFAS 133 correction and Genpact dispositions	$	15,031	$	14,274		5	%

We believe that meaningful analysis of our financial performance requires an understanding of the factors underlying that performance and our judgments about the likelihood that particular factors will repeat. In some cases, short-term patterns and long-term trends may be obscured by large factors or events. For example, events or trends in a particular segment may be so significant as to obscure patterns and trends of our industrial or financial services businesses in total. For this reason, we believe that investors may find it useful to see our 2005 growth in continuing revenues without the effects of acquisitions, dispositions and currency exchange rates, without the effects of the 2004 Olympics broadcasts and without the effects of the May 2005 SFAS 133 correction. We also believe that investors would find it useful to compare our operating cash flow for the twelve months ended December 31, 2005, to the operating cash flow for the twelve months ended December 31, 2004, without the impact of GECS dividends, which can vary from period-to-period. Similarly, we believe that investors would find it useful to compare our 2005 earnings from continuing operations with our 2004 earnings from continuing operations without the effects of the May 2005 SFAS 133 correction and the effects of the Genpact dispositions. We also believe that investors would find it useful to compare our financial services revenues for the three months ended December 31, 2005 with the revenues for the three months ended December 31, 2004, without the effects of the May 2005 SFAS 133 correction and the effects of the Genpact dispositions.