GE 2014 Annual Report Download - page 253

GE 2014 FORM 10-K 233
FORWARD LOOKING STATEMENTS
FORWARD LOOKING STATEMENTS
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 financial condition, and
often contain words such as “expect,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “see,” “will,” “would,” or “target.” Forward-
looking statements by their nature address matters that are, to different degrees, uncertain, such as statements about
expected income; earnings per share; revenues; organic growth; margins; cost structure; restructuring charges; cash flows;
return on capital; capital expenditures, capital allocation or capital structure; dividends; and the split between Industrial and GE
Capital earnings.
For us, particular uncertainties that could cause our actual results to be materially different than those expressed in our
forward-looking statements include:
x economic and financial conditions, including interest and exchange rate volatility, commodity and equity prices and the
value of financial assets;
x the impact of conditions in the financial and credit markets on the availability and cost of General Electric Capital
Corporation’s (GECC) funding, GECC’s exposure to counterparties and our ability to reduce GECC’s asset levels as
planned;
x the impact of conditions in the housing market and unemployment rates on the level of commercial and consumer credit
defaults;
x pending and future mortgage loan repurchase claims and other litigation claims in connection with WMC, which may affect
our estimates of liability, including possible loss estimates;
x our ability to maintain our current credit rating and the impact on our funding costs and competitive position if we do not do
so;
x the adequacy of our cash flows and earnings and other conditions which may affect our ability to pay our quarterly
dividend at the planned level or to repurchase shares at planned levels;
x GECC’s ability to pay dividends to GE at the planned level, which may be affected by GECC's cash flows and earnings,
financial services regulation and oversight, and other factors;
x our ability to convert pre-order commitments/wins into orders;
x the price we realize on orders since commitments/wins are stated at list prices;
x customer actions or developments such as early aircraft retirements or reduced energy demand and other factors that
may affect the level of demand and financial performance of the major industries and customers we serve;
x the effectiveness of our risk management framework;
x the impact of regulation and regulatory, investigative and legal proceedings and legal compliance risks, including the
impact of financial services regulation and litigation;
x adverse market conditions, timing of and ability to obtain required bank regulatory approvals, or other factors relating to us
or Synchrony Financial that could prevent us from completing the Synchrony Financial split-off as planned;
x our capital allocation plans, as such plans may change including with respect to the timing and size of share repurchases,
acquisitions, joint ventures, dispositions and other strategic actions;
x our success in completing, including obtaining regulatory approvals for, announced transactions, such as the proposed
transactions and alliances with Alstom and sale of Appliances, and our ability to realize anticipated earnings and savings;
x our success in integrating acquired businesses and operating joint ventures;
x the impact of potential information technology or data security breaches; and
x the other factors that are described in the Risk Factors section of this Form 10-K Report.
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. This document includes certain forward-looking
projected financial information that is based on current estimates and forecasts. Actual results could differ materially.