General Electric (GE) 8-K Unaudited Pro Forma Condensed Consolidated Financial Statements

EXHIBIT 99

GENERAL ELECTRIC COMPANY

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

As reported by GE on November 17, 2015, GE completed the split-off of Synchrony Financial ("Synchrony") which was reported in GECC's Consumer business. On November 30, 2015, the rest of GECC's Consumer business met the criteria to be classified as held for sale.  The Consumer business, including the results of Synchrony, will be reported as discontinued operations beginning in the fourth quarter of 2015.

The following unaudited pro forma condensed consolidated statement of financial position of GE as of September 30, 2015 is presented as if the classification of the Consumer business as discontinued operations, as described in the notes to these unaudited pro forma condensed consolidated financial statements, had occurred at September 30, 2015. The unaudited pro forma condensed consolidated statements of earnings for the nine months ended September 30, 2015 and 2014, and each of the years ended December 31, 2014, 2013 and 2012, reflect the classification of Consumer as discontinued operations. The unaudited pro forma condensed consolidated financial statements are based on the historical financial statements of GE for each period presented and in the opinion of GE management, all adjustments and disclosures necessary for a fair presentation of the pro forma data have been made.

These unaudited pro forma condensed consolidated financial statements are presented for illustrative purposes only and are not necessarily indicative of the results of operations or financial condition that would have been achieved had the classification of the Consumer business to discontinued operations been completed as of the dates indicated or of the results that may be obtained in the future. These unaudited pro forma condensed consolidated financial statements and the notes thereto should be read together with the following:

· GE's audited consolidated financial statements and the notes thereto as of and for the year ended December 31, 2014, and Management's Discussion and Analysis included in GE's Annual Report on Form 10-K for the year ended December 31, 2014 as updated by GE's Current Report on Form 8-K filed August 7, 2015.

· GE's unaudited consolidated financial statements and the notes thereto as of and for the nine months ended September 30, 2015, and Management's Discussion and Analysis included in GE's Quarterly Report on Form 10-Q for the quarter ended September 30, 2015.

· GE's Current Report on Form 8-K filed November 23, 2015.

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General Electric Company
Unaudited Pro Forma Condensed Consolidated Statement of Financial Position
At September 30, 2015
		General
		Electric
		Company		Consumer
(In millions, except share amounts)		Historical		Adjustment		Pro Forma
Assets
Cash and equivalents	$	99,086	$	(15,219)	$	83,867
Investment securities		36,933		(4,462)		32,471
Current receivables		22,332		-		22,332
Inventories		19,285		-		19,285
Financing receivables – net		72,353		(60,149)		12,204
Other GECC receivables		6,280		(405)		5,875
Property, plant and equipment – net		50,704		(265)		50,438
Goodwill		61,660		(9,088)		52,572
Other intangible assets – net		13,618		(684)		12,934
All other assets		45,793		(2,977)		42,817
Financing receivables held for sale		22,832		(22,713)		119
Deferred income taxes		176		918		1,094
Assets of businesses held for sale		8,309		(4,917)		3,392
Assets of discontinued operations		121,949		121,533		243,482
Total assets	$	581,310	$	1,572	$	582,882
Liabilities and equity
Short-term borrowings	$	46,495	$	(189)	$	46,306
Accounts payable, principally trade accounts		11,762		(400)		11,362
Progress collections and price adjustments accrued		11,247		-		11,247
Dividends payable		2,324		-		2,324
Other GE current liabilities		12,624		-		12,624
Non-recourse borrowings of consolidated securitization entities		16,225		(13,640)		2,585
Bank deposits		48,656		(48,656)		-
Long-term borrowings		180,011		(10,872)		169,138
Investment contracts, insurance liabilities and insurance annuity benefits		26,135		(28)		26,108
All other liabilities		60,685		(2,527)		58,158
Liabilities of businesses held for sale		1,384		(260)		1,124
Liabilities of discontinued operations		43,768		78,144		121,912
Total liabilities		461,317		1,572		462,889
Common stock (10,109,239,000 shares outstanding)		702		-		702
Accumulated other comprehensive income (loss) – net attributable to GE
Investment securities		561		-		561
Currency translation adjustments		(5,281)		-		(5,281)
Cash flow hedges		(174)		-		(174)
Benefit plans		(12,089)		-		(12,089)
Other capital		32,760		-		32,760
Retained earnings		135,932		-		135,932
Less common stock held in treasury		(41,207)		-		(41,207)
Total GE shareowners' equity		111,204		-		111,204
Noncontrolling interests		8,788		-		8,788
Total equity		119,993		-		119,993
Total liabilities and equity	$	581,310	$	1,572	$	582,882

Amounts may not add due to rounding.

The accompanying notes are an integral part of these unaudited pro forma condensed consolidated financial statements.

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General Electric Company
Unaudited Pro Forma Condensed Consolidated Statement of Earnings
For the nine months ended September 30, 2015
		General
		Electric
		Company		Consumer
(In millions; per-share amounts in dollars)		Historical		Adjustment		Pro Forma
Revenues and other income
Sales of goods	$	53,003	$	-	$	53,003
Sales of services		22,263		-		22,263
Other income		1,092		-		1,092
GECC revenues from services		16,373		(9,237)		7,136
Total revenues and other income		92,731		(9,237)		83,494
Costs and expenses
Costs of goods sold		42,748		-		42,748
Cost of services sold		14,690		-		14,690
Interest and other financial charges		3,976		(1,748)		2,228
Investment contracts, insurance losses and insurance annuity benefits		1,952		(10)		1,942
Provision for losses on financing receivables		4,636		(4,596)		40
Other costs and expenses		19,125		(3,562)		15,563
Total costs and expenses		87,127		(9,915)		77,212
Earnings (loss) from continuing operations
before income taxes		5,604		679		6,282
Benefit (provision) for income taxes		(7,466)		238		(7,227)
Earnings (loss) from continuing operations		(1,862)		917		(945)
Less net earnings (loss) attributable to noncontrolling interests		229		(270)		(41)
Earnings (loss) from continuing operations attributable
to GE common shareowners	$	(2,091)	$	1,187	$	(904)
Per share amounts
Earnings (loss) from continuing operations
Diluted earnings (loss) per share	$	(0.21)			$	(0.09)
Basic earnings (loss) per share	$	(0.21)			$	(0.09)
Average equivalent shares
Diluted		10,085				10,085
Basic		10,085				10,085

Amounts may not add due to rounding.

The accompanying notes are an integral part of these unaudited pro forma condensed consolidated financial statements.

3

General Electric Company
Unaudited Pro Forma Condensed Consolidated Statement of Earnings
For the nine months ended September 30, 2014
		General
		Electric
		Company		Consumer
(In millions; per-share amounts in dollars)		Historical		Adjustment		Pro Forma
Revenues and other income
Sales of goods	$	53,894	$	-	$	53,894
Sales of services		21,945		-		21,945
Other income		792		-		792
GECC revenues from services		17,964		(10,822)		7,142
Total revenues and other income		94,595		(10,822)		83,773
Costs and expenses
Costs of goods sold		43,600		-		43,600
Cost of services sold		14,668		-		14,668
Interest and other financial charges		3,975		(1,898)		2,077
Investment contracts, insurance losses and insurance annuity benefits		1,940		(13)		1,927
Provision for losses on financing receivables		2,693		(2,663)		29
Other costs and expenses		18,744		(3,659)		15,087
Total costs and expenses		85,620		(8,233)		77,388
Earnings (loss) from continuing operations
before income taxes		8,975		(2,588)		6,385
Benefit (provision) for income taxes		(1,034)		449		(585)
Earnings (loss) from continuing operations		7,941		(2,139)		5,800
Less net earnings (loss) attributable to noncontrolling interests		(75)		(71)		(146)
Earnings (loss) from continuing operations attributable
to GE common shareowners	$	8,016	$	(2,068)	$	5,946
Per share amounts
Earnings (loss) from continuing operations
Diluted earnings (loss) per share	$	0.79			$	0.59
Basic earnings (loss) per share	$	0.80			$	0.59
Average equivalent shares
Diluted		10,121				10,121
Basic		10,042				10,042

Amounts may not add due to rounding.

The accompanying notes are an integral part of these unaudited pro forma condensed consolidated financial statements.

4

General Electric Company
Unaudited Pro Forma Condensed Consolidated Statement of Earnings
For the year ended December 31, 2014
		General
		Electric
		Company		Consumer
(In millions; per-share amounts in dollars)		Historical		Adjustment		Pro Forma
Revenues and other income
Sales of goods	$	76,569	$	-	$	76,568
Sales of services		30,190		-		30,190
Other income		778		-		778
GECC revenues from services		24,671		(15,023)		9,648
Total revenues and other income		132,208		(15,023)		117,184
Costs and expenses
Costs of goods sold		61,257		-		61,257
Cost of services sold		20,054		-		20,053
Interest and other financial charges		5,334		(2,611)		2,723
Investment contracts, insurance losses and insurance annuity benefits		2,548		(18)		2,530
Provision for losses on financing receivables		3,623		(3,544)		80
Other costs and expenses		25,238		(4,959)		20,278
Total costs and expenses		118,054		(11,132)		106,921
Earnings (loss) from continuing operations
before income taxes		14,154		(3,891)		10,263
Benefit (provision) for income taxes		(1,508)		736		(773)
Earnings (loss) from continuing operations		12,646		(3,155)		9,490
Less net earnings (loss) attributable to noncontrolling interests		112		(157)		(45)
Earnings (loss) from continuing operations attributable
to GE common shareowners	$	12,534	$	(2,998)	$	9,535
Per share amounts
Earnings (loss) from continuing operations
Diluted earnings (loss) per share	$	1.24			$	0.94
Basic earnings (loss) per share	$	1.25			$	0.95
Average equivalent shares
Diluted		10,123				10,123
Basic		10,045				10,045

Amounts may not add due to rounding.

The accompanying notes are an integral part of these unaudited pro forma condensed consolidated financial statements.

5

General Electric Company
Unaudited Pro Forma Condensed Consolidated Statement of Earnings
For the year ended December 31, 2013
		General
		Electric
		Company		Consumer
(In millions; per-share amounts in dollars)		Historical		Adjustment		Pro Forma
Revenues and other income
Sales of goods	$	71,873	$	-	$	71,873
Sales of services		28,669		-		28,669
Other income		3,108		-		3,107
GECC revenues from services		25,336		(15,741)		9,595
Total revenues and other income		128,986		(15,741)		113,245
Costs and expenses
Costs of goods sold		57,867		-		57,867
Cost of services sold		19,274		-		19,274
Interest and other financial charges		5,539		(2,669)		2,870
Investment contracts, insurance losses and insurance annuity benefits		2,676		(15)		2,661
Provision for losses on financing receivables		4,053		(4,048)		5
Other costs and expenses		26,154		(4,686)		21,468
Total costs and expenses		115,563		(11,418)		104,145
Earnings (loss) from continuing operations
before income taxes		13,423		(4,324)		9,100
Benefit (provision) for income taxes		(1,212)		(7)		(1,219)
Earnings (loss) from continuing operations		12,211		(4,330)		7,881
Less net earnings (loss) attributable to noncontrolling interests		298		(36)		262
Earnings (loss) from continuing operations attributable
to GE common shareowners	$	11,913	$	(4,294)	$	7,618
Per share amounts
Earnings (loss) from continuing operations
Diluted earnings (loss) per share	$	1.16			$	0.74
Basic earnings (loss) per share	$	1.16			$	0.74
Average equivalent shares
Diluted		10,289				10,289
Basic		10,222				10,222

Amounts may not add due to rounding.

The accompanying notes are an integral part of these unaudited pro forma condensed consolidated financial statements.

6

General Electric Company
Unaudited Pro Forma Condensed Consolidated Statement of Earnings
For the year ended December 31, 2012
		General
		Electric
		Company		Consumer
(In millions; per-share amounts in dollars)		Historical		Adjustment		Pro Forma
Revenues and other income
Sales of goods	$	72,990	$	-	$	72,990
Sales of services		27,158		-		27,158
Other income		2,563		-		2,563
GECC revenues from services		25,180		(15,303)		9,877
Total revenues and other income		127,891		(15,303)		112,588
Costs and expenses
Costs of goods sold		56,785		-		56,784
Cost of services sold		17,525		-		17,525
Interest and other financial charges		6,442		(3,294)		3,149
Investment contracts, insurance losses and  insurance annuity benefits		2,857		(10)		2,847
Provision for losses on financing receivables		3,224		(3,218)		5
Other costs and expenses		26,497		(4,420)		22,077
Total costs and expenses		113,330		(10,942)		102,387
Earnings (loss) from continuing operations
before income taxes		14,561		(4,361)		10,201
Benefit (provision) for income taxes		(2,526)		1,141		(1,385)
Earnings (loss) from continuing operations		12,035		(3,218)		8,816
Less net earnings (loss) attributable to noncontrolling interests		223		(53)		170
Earnings (loss) from continuing operations attributable
to GE common shareowners	$	11,812	$	(3,165)	$	8,646
Per share amounts
Earnings (loss) from continuing operations
Diluted earnings (loss) per share	$	1.12			$	0.82
Basic earnings (loss) per share	$	1.12			$	0.82
Average equivalent shares
Diluted		10,564				10,564
Basic		10,523				10,523

Amounts may not add due to rounding.

The accompanying notes are an integral part of these unaudited pro forma condensed consolidated financial statements.

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NOTES TO THE UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1) CONSUMER DISCONTINUED OPERATIONS

On April 10, 2015, General Electric Company ("GE"), announced its plan (the "GE Capital Exit Plan") to reduce the size of its financial services businesses through the sale of most of the assets of its subsidiary, General Electric Capital Corporation ("GECC") over the next 24 months, and to focus on continued investment and growth in GE's industrial businesses.

As reported by GE on November 17, 2015, GE completed the split-off of Synchrony Financial ("Synchrony") which was reported in GECC's Consumer business. As previously disclosed in a Form 8-K filed on November 23, 2015, that transaction resulted in GE accepting 671,366,809 shares of its common stock in exchange for its Synchrony shares, as well as a pro forma gain as of September 30, 2015 of approximately $3.7 billion. Synchrony's historical results, as well as the actual gain on the transaction, will be reported as discontinued operations beginning in the fourth quarter of 2015.

On November 30, 2015, GE classified the rest of GECC's Consumer business as held for sale. In connection with that classification, and as anticipated by the GE Capital Exit Plan, GE expects to recognize after-tax charges in the range of approximately $0.5 billion to $1.0 billion related to the loss on disposal for that business. None of these charges are expected to result in future net cash expenditures, and the charges were included within the framework of GE's initial GE Capital Exit Plan announcement on April 10, 2015. The charges will be partially offset by an after-tax gain of approximately $0.5 billion on the sale of our consumer finance business in Australia and New Zealand that was completed on November 25, 2015. Both the charges and the gain will be reported in discontinued operations in the fourth quarter of 2015 and are not reflected in these unaudited pro forma condensed consolidated financial statements.

The Consumer business will be reported as discontinued operations beginning in the fourth quarter of 2015.  These unaudited pro forma condensed consolidated financial statements present the Consumer business as discontinued operations for all periods presented.

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