GE 2015 Annual Report Download - page 33

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Target Actual Year-over-year
OPERATING EARNINGS PER SHARE1
Industrial $1.10–1.20 $1.14 19%
GE Capital Verticals ~$0.15 $0.17 6%
OPERATING PROFIT MARGINS1, 2
Industrial segments (without Corporate) 17.0% 17.0% 80bps
by 2016 in 2015
(1 year ahead
of plan)
Industrial (with Corporate) + 15.3%3 110bps
GE CAPITAL EXIT PLAN
Asset sales (ending net investment
(ENI) excluding liquidity) ~$90B $104B N/A
CASH
Free cash flow + dispositions1 $12–15B $15.2B
23%
Cash returned to investors $10–30B $33.0B $22B
1. Non-GAAP Financial Measure. See Financial Measures
That Supplement U.S. Generally Accepted Accounting
Principles Measures (Non-GAAP Financial Measures)
on page 95.
2. Excluding Alstom.
3. Excluding restructuring and other & gains.
How We Performed
Against Our 2015 Operating Goals
How We Tie
Pay to Performance
Major Portfolio Changes
Dispositions
GE Capital exits
Appliances sale agreed upon
Synchrony split-off
M&A
Alstom acquisition
Organic Investment
Launched Current, powered by GE
Launched GE Digital
Goals Included
in 2015 Bonus Program
R
R
R
R
For more information on our
pay vs. performance alignment, see
our 2016 proxy statement.
GE Cash From Operating Activities (CFOA) ($16.4B) 8%
– Net Plant & Equipment ($2.8B)
+ Disposition Proceeds ($1.7B)
= $15.2B
Dividends ($9.3B)
+ Buyback ($3.3B)
+ Synchrony Exchange ($20.4B)
= $33.0B
Revenues
$117.4B
GAAP EPS
Industrial Operating +
GE Capital Verticals EPS1
$0.17
Reflects certain GE Capital
exit-related charges
(see Supplemental
Information on page 95)
$1.31
Employees
333K
Countries in
Which We Compete
~180
in 2015
GE 2015 FORM 10-K 5