<HTML> <head> <TITLE>General Electric Company Form 10-Q</TITLE> </head> <body bgcolor="#FFFFFF"> <hr> <center> <h2> <b><font face="Times New Roman">Securities and Exchange Commission</font></b></h2></center> <center> <h5> <b><font face="Times New Roman">Washington, D.C. 20549</font></b></h5></center> <hr noshade size="1" width="100"> <center> <h3> <font face="Times New Roman">Form 10-Q</font></h3></center> <hr noshade size="1" width="100"> <p><font face="Times New Roman"><font size=-1> (Mark One)</font></font> <br> <table BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="679" > <tr> <td VALIGN=TOP WIDTH="47"></td> <td VALIGN=TOP WIDTH="23"><font face="Times New Roman"><font size=-1>[x] </font></font></td> <td VALIGN=TOP WIDTH="603"><font face="Times New Roman"><font size=-1>QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></font></td> </tr> </TABLE> <center> <p><font face="Times New Roman"><font size=-1>For the quarterly period ended <b>March 31, 2000</b></font></font> <p><font face="Times New Roman"><font size=-1>or</font></font></center> <table BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="677" > <tr> <td VALIGN=TOP WIDTH="47"></td> <td VALIGN=TOP WIDTH="24"><font face="Times New Roman"><font size=-1>[ ]</font></font></td> <td VALIGN=TOP WIDTH="600"><font face="Times New Roman"><font size=-1>TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934</font></font></td> </tr> </TABLE> <br> <center><table BORDER=0 CELLSPACING=0 CELLPADDING=0 > <tr> <td ALIGN=CENTER><font face="Times New Roman"><font size=-1>For the transition period from ____ to ____ </font></font> <p><font face="Times New Roman"> </font></td> </tr> <tr> <td ALIGN=CENTER><font face="Times New Roman"><font size=-1>Commission file number <u>1-35</u></font></font> <p> </td> </tr> <tr> <td ALIGN=CENTER><b><font face="Times New Roman"><font size=-1>GENERAL ELECTRIC COMPANY</font></font></b> <hr noshade size="1" width="300"></td> </tr> <tr> <td ALIGN=CENTER><font face="Times New Roman"><font size=-1>(Exact name of registrant as specified in its charter)</font></font></td> </tr> </TABLE></center> <br> <center><table BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="651" > <tr> <td ALIGN=CENTER WIDTH="337"><b><font face="Times New Roman"><font size=-1>New York </font></font></b> <hr noshade size="1"></td> <td ALIGN=CENTER WIDTH="59"></td> <td ALIGN=CENTER WIDTH="249"><b><font face="Times New Roman"><font size=-1> 14-0689340</font></font></b> <hr noshade size="1"></td> </tr> <tr> <td ALIGN=CENTER WIDTH="337"><font face="Times New Roman"><font size=-1>(State or other jurisdiction of incorporation or organization)</font></font></td> <td ALIGN=CENTER WIDTH="59"></td> <td ALIGN=CENTER WIDTH="249"><font face="Times New Roman"><font size=-1>(I.R.S. Employer Identification No.)</font></font></td> </tr> <tr> <td ALIGN=CENTER WIDTH="337"><b><font face="Times New Roman"><font size=-1> </font></font></b></td> <td ALIGN=CENTER WIDTH="59"></td> <td ALIGN=CENTER WIDTH="249"><b><font face="Times New Roman"><font size=-1> </font></font></b></td> </tr> <tr> <td ALIGN=CENTER WIDTH="337"><b><font face="Times New Roman"><font size=-1>3135 Easton Turnpike, Fairfield, CT</font></font></b> <hr noshade size="1"></td> <td ALIGN=CENTER WIDTH="59"></td> <td ALIGN=CENTER WIDTH="249"><b><font face="Times New Roman"><font size=-1>06431-0001</font></font></b> <hr noshade size="1"></td> </tr> <tr> <td ALIGN=CENTER WIDTH="337"><font face="Times New Roman"><font size=-1>(Address of principal executive offices)</font></font></td> <td ALIGN=CENTER WIDTH="59"></td> <td ALIGN=CENTER WIDTH="249"><font face="Times New Roman"><font size=-1>(Zip Code)</font></font></td> </tr> </TABLE></center> <br> <center><table BORDER=0 CELLSPACING=0 CELLPADDING=0 > <tr> <td><font size=-1><b> </b>(Registrant's telephone number, including area code)<b> <u> (203) 373-2211</u></b></font></td> </tr> </TABLE> <p> </p> <table BORDER=0 CELLSPACING=0 CELLPADDING=0 > <tr> <td><font size=-1><b> </b></font> <hr noshade size="1"></td> </tr> <tr> <td><font face="Times New Roman"><font size=-1>(Former name, former address and former fiscal year, if changed since last report)</font></font></td> </tr> </TABLE></center> <p><font face="Times New Roman"><font size=-1> Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes <u> x </u> No __</font></font> <p><font face="Times New Roman"><font size=-1> After adjusting to reflect the three-for-one stock split of April 27, 2000, there wer</font></font><font size="2">e 9,893,426,173 </font><font size=-1>shares with a par value of $0.06 per share outstanding at May 7, 2000.</font> <br> <hr> <center> <h3> <b><font size=-1>General Electric Company</font></b></h3></center> <center><table BORDER=0 CELLSPACING=2 CELLPADDING=2 WIDTH="630" > <tr> <td VALIGN=BOTTOM WIDTH="89%"><b><font size=-1>Part I - Financial Information</font></b></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td VALIGN=BOTTOM WIDTH="8%"> <center><b><font size=-1>Page</font></b></center> </td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"><font size=-1> </font></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td VALIGN=BOTTOM WIDTH="8%"><font size=-1> </font></td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"><font size=-1> Item 1. Financial Statements</font></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td VALIGN=BOTTOM WIDTH="8%"><font size=-1> </font></td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"><font size=-1> <a href="#income2">Statement of Earnings</a></font></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td ALIGN=CENTER VALIGN=BOTTOM WIDTH="8%"><font size=-1> 3</font></td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"><font size=-1> <a href="#balance">Statement of Financial Position</a></font></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td ALIGN=CENTER VALIGN=BOTTOM WIDTH="8%"><font size=-1>4</font></td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"><font size=-1> <a href="#cash">Statement of Cash Flows</a></font></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td ALIGN=CENTER VALIGN=BOTTOM WIDTH="8%"><font size=-1>5</font></td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"><font size=-1> <a href="#segments">Summary of Operating Segments</a></font></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td ALIGN=CENTER VALIGN=BOTTOM WIDTH="8%"><font size=-1>6</font></td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"><font size=-1> <a href="#notes">Notes to Financial Statements</a></font></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td ALIGN=CENTER VALIGN=BOTTOM WIDTH="8%"><font size=-1>7</font></td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"><font size=-1> <a href="#Item 2">Item 2. Management's Discussion and Analysis of Results of Operations and Financial Condition</a></font></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td ALIGN=CENTER VALIGN=BOTTOM WIDTH="8%"><font size=-1>9</font></td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td ALIGN=CENTER VALIGN=BOTTOM WIDTH="8%"><font size=-1> </font></td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"><b><font size=-1>Part II - Other Information</font></b></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td ALIGN=CENTER VALIGN=BOTTOM WIDTH="8%"><font size=-1> </font></td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td ALIGN=CENTER VALIGN=BOTTOM WIDTH="8%"><font size=-1> </font></td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"><font size=-1> <a href="#Item 1">Item 1. Legal Proceedings</a></font></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td ALIGN=CENTER VALIGN=BOTTOM WIDTH="8%"> <center><font size=-1>13</font></center> </td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"><font size=-1> <a href="#exhibits">Item 6. Exhibits and Reports on Form 8-K</a></font></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td ALIGN=CENTER VALIGN=BOTTOM WIDTH="8%"> <center><font size=-1>14</font></center> </td> </tr> <tr> <td VALIGN=BOTTOM WIDTH="89%"><font size=-1> <a href="#signature">Signature</a></font></td> <td VALIGN=BOTTOM WIDTH="4%"><font size=-1> </font></td> <td VALIGN=BOTTOM WIDTH="8%"> <center><font size=-1>15</font></center> </td> </tr> </TABLE></center> <hr> <h2> <a NAME="income1"></a><font face="Times New Roman">Part I. Financial Information</font></h2> <h3> <font face="Times New Roman">Item 1. Financial Statements</font></h3> <h4> <a NAME="income2"></a><font face="Times New Roman">Condensed Statement of Earnings<br> General Electric Company and consolidated affiliates</font></h4> <center><table BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="676" > <tr VALIGN=BOTTOM> <td ALIGN=RIGHT VALIGN=TOP width="260"></td> <td ALIGN=center VALIGN=TOP COLSPAN="11" width="412"><b><font face="Times New Roman"><font size=-1>Three months ended March 31 (Unaudited)</font></font></b> <hr noshade size="1"></td> </tr> <tr VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=CENTER width="260"><i><font size=-2>(Dollars, except per-share amounts, in millions)</font></i></td> <td ALIGN=CENTER VALIGN=TOP COLSPAN="3" width="116"><b><font size=-1>Consolidated</font></b> <hr noshade size="1"></td> <td ALIGN=CENTER VALIGN=TOP width="17"></td> <td ALIGN=CENTER VALIGN=TOP COLSPAN="3" width="128"><b><font size=-1>GE</font></b> <hr noshade size="1"></td> <td ALIGN=CENTER VALIGN=TOP width="14"></td> <td ALIGN=CENTER VALIGN=TOP COLSPAN="3" width="129"><b><font size=-1>GECS</font></b> <hr noshade size="1"></td> </tr> <tr VALIGN=BOTTOM> <td ALIGN=RIGHT VALIGN=TOP WIDTH="260"></td> <td ALIGN=RIGHT VALIGN=TOP width="50"><b><font size=-1>2000 </font></b> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="51"><b><font size=-1>1999 </font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="17"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="56"><b><font size=-1>2000 </font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="12"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="56"><b><font size=-1>1999 </font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="14"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="57"><b><font size=-1>2000 </font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="13"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="55"><b><font size=-1>1999 </font></b> <hr noshade size="1"></td> </tr> <TR><TD width="260"><font size="2">Sales of goods </font></TD><TD ALIGN="right" width="50"><font size="2">$12,545 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2">$10,011 </font></TD> <TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">$10,312 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">$8,370 </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">$2,233 </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">$1,640 </font></TD></TR> <TR><TD width="260"><font size="2">Sales of services </font></TD><TD ALIGN="right" width="50"><font size="2">3,997 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2">3,352 </font></TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">4,058 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">3,426 </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">– </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">– </font></TD></TR> <TR><TD width="260"><font size="2">Earnings of GECS </font></TD><TD ALIGN="right" width="50"><font size="2">– </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2">– </font></TD> <TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">1,210 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">1,032 </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">– </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">– </font></TD></TR> <TR><TD width="260"><font size="2">GECS revenues from services </font></TD><TD ALIGN="right" width="50"><font size="2">13,383 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2">10,699 </font></TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">– </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">– </font></TD><TD width="14"> <font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">13,448 </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">10,743 </font></TD></TR> <TR><TD width="260"><font size="2">Other income </font></TD><TD ALIGN="right" width="50"><font size="2">71 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2">103 </font></TD><TD width="17"> <font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">83 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">118 </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">– </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">– </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP width="260"></td> <td ALIGN=RIGHT VALIGN=TOP width="50"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP width="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="51"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="17"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="56"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="56"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="57"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="13"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="55"> <hr align="right" noshade size="1"></td> </tr> <TR><TD width="260"><font size="2"> Total revenues </font></TD><TD ALIGN="right" width="50"><font size="2">29,996 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2"> 24,165 </font></TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">15,663 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">12,946 </font></TD><TD width="14 "><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">15,681 </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">12,383 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP width="260"></td> <td ALIGN=RIGHT VALIGN=TOP width="50"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP width="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="51"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="17"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="56"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="56"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="57"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="13"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="55"> <hr align="right" noshade size="1"></td> </tr> <TR><TD width="260"><font size="2">Cost of goods sold </font></TD><TD ALIGN="right" width="50"><font size="2">9,156 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2">7,237 </font></TD> <TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">7,086 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">5,725 </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">2,070 </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">1,511 </font></TD></TR> <TR><TD width="260"><font size="2">Cost of services sold </font></TD><TD ALIGN="right" width="50"><font size="2">2,704 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2">2,330 </font></TD> <TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">2,764 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">2,404 </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">– </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">– </font></TD></TR> <TR><TD width="260"><font size="2">Interest and other financial charges </font></TD><TD ALIGN="right" width="50"><font size="2">2,782 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2"> 2,263 </font></TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">253 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">184 </font></TD><TD width="14"> <font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">2,570 </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">2,113 </font></TD></TR> <TR><TD width="260"><font size="2">Insurance losses and policyholder</font></TD><TD ALIGN="right" width="50"></TD><TD width="11"></TD><TD ALIGN="right" width="51"></TD><TD width="17"></TD><TD ALIGN="right" width="56"></TD><TD width="12"></TD><TD ALIGN="right" width="56"></TD><TD width="14"></TD><TD ALIGN="right" width="57"></TD><TD width="13"></TD><TD ALIGN="right" width="55"></TD></TR> <TR><TD width="260"><font size="2"> and annuity benefits </font></TD><TD ALIGN="right" width="50"><font size="2">2,930 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2">2,619 </font></TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">– </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">– </font></TD> <TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">2,930 </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">2,619 </font></TD></TR> <TR><TD width="260"><font size="2">Provision for losses on financing receivables </font></TD><TD ALIGN="right" width="50"><font size="2">521 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2"> 379 </font></TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">– </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">– </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">521 </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">379 </font></TD></TR> <TR><TD width="260"><font size="2">Other costs and expenses </font></TD><TD ALIGN="right" width="50"><font size="2">7,796 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2">6,039 </font> </TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">2,039 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">1,741 </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">5,794 </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">4,323 </font></TD></TR> <TR><TD width="260"><font size="2">Minority interest in net earnings of </font></TD><TD ALIGN="right" width="50"></TD><TD width="11"></TD><TD ALIGN="right" width="51"></TD><TD width="17"></TD><TD ALIGN="right" width="56"></TD><TD width="12"></TD><TD ALIGN="right" width="56"></TD><TD width="14"></TD><TD ALIGN="right" width="57"></TD><TD width="13"></TD><TD ALIGN="right" width="55"></TD></TR> <TR><TD width="260"><font size="2"> consolidated affiliates </font></TD><TD ALIGN="right" width="50"><font size="2">98 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"> <font size="2">54 </font></TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">48 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">16 </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">50 </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">38 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP width="260"></td> <td ALIGN=RIGHT VALIGN=TOP width="50"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP width="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="51"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="17"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="56"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="56"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="57"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="13"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="55"> <hr align="right" noshade size="1"></td> </tr> <TR><TD width="260"><font size="2"> Total costs and expenses </font></TD><TD ALIGN="right" width="50"><font size="2">25,987 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"> <font size="2">20,921 </font></TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">12,190 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">10,070 </font></TD> <TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">13,935 </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">10,983 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP width="260"></td> <td ALIGN=RIGHT VALIGN=TOP width="50"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP width="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="51"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="17"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="56"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="56"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="57"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="13"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="55"> <hr align="right" noshade size="1"></td> </tr> <TR><TD width="260"><font size="2">Earnings before income taxes </font></TD><TD ALIGN="right" width="50"><font size="2">4,009 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2">3,244 </font> </TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">3,473 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">2,876 </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">1,746 </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">1,400 </font></TD></TR> <TR><TD width="260"><font size="2">Provision for income taxes </font></TD><TD ALIGN="right" width="50"><font size="2">(1,417)</font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2">(1,089)</font></TD> <TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">(881)</font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">(721)</font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">(536)</font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">(368)</font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP width="260"></td> <td ALIGN=RIGHT VALIGN=TOP width="50"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP width="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="51"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="17"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="56"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="56"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="57"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP width="13"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="55"> <hr align="right" noshade size="1"></td> </tr> <TR><TD width="260"><font size="2"> Net earnings </font></TD><TD ALIGN="right" width="50"><font size="2">$2,592 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2"> $2,155 </font></TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">$2,592 </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2">$2,155 </font></TD><TD width="14 "><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2">$1,210 </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2">$1,032 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP width="260"></td> <td ALIGN=RIGHT VALIGN=TOP width="50"> <hr align="right"></td> <td ALIGN=RIGHT VALIGN=TOP width="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="51"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP width="17"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="56"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP width="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="56"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP width="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="57"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP width="13"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP width="55"> <hr align="right"></td> </tr> <TR><TD width="260"><font size="2">Net earnings per share (a)</font></TD><TD ALIGN="right" width="50"><font size="2"> </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2"> </font></TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2"> </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2"> </font></TD><TD width="14"><font size="2"> </font></TD> <TD ALIGN="right" width="57"><font size="2"> </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2"> </font></TD></TR> <TR><TD width="260"><font size="2"> Diluted </font></TD><TD ALIGN="right" width="50"><font size="2">$0.26 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2"> $0.22 </font></TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2"> </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2"> </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2"> </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2"> </font></TD></TR> <TR><TD width="260"><font size="2"> Basic </font></TD><TD ALIGN="right" width="50"><font size="2">$0.26 </font></TD><TD width="11"><font size="2"> </font></TD><TD ALIGN="right" width="51"><font size="2">$0.22  ;</font></TD><TD width="17"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2"> </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2"> </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2"> </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2"> </font></TD></TR> <TR><TD width="260"><font size="2">Dividends declared per share (a)</font></TD><TD ALIGN="right" width="50"><font size="2">$0.13 </font></TD><TD width="11"><font size="2">2/3 </font></TD><TD ALIGN="right" width="51"><font size="2">$0.11 </font></TD><TD width="17"><font size="2">2/3 </font></TD><TD ALIGN="right" width="56"><font size="2"> </font></TD><TD width="12"><font size="2"> </font></TD><TD ALIGN="right" width="56"><font size="2"> </font></TD><TD width="14"><font size="2"> </font></TD><TD ALIGN="right" width="57"><font size="2"> </font></TD><TD width="13"><font size="2"> </font></TD><TD ALIGN="right" width="55"><font size="2"> </font></TD></TR> <tr VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=TOP COLSPAN="12" width="674"><font size=-1> </font></td> </tr> <tr VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=TOP COLSPAN="12" width="674"><font size="-1">(a) Adjusted to reflect the three-for-one stock split effective on April 27, 2000.</font> <p><font size="-1">See notes to condensed consolidated financial statements. Consolidating data are shown for "GE" and "GECS." Transactions between GE and GECS have been eliminated from the "consolidated" columns.</font></p> </td> </tr> </TABLE></center> <hr> <h4> <a NAME="balance"></a><font face="Times New Roman">Condensed Statement of Financial Position<br> General Electric Company and consolidated affiliates</font></h4> <center><table BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="676" > <tr VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=BOTTOM WIDTH="207"><i><font face="Times New Roman" size="2">(Dollars in millions)</font></i></td> <td ALIGN=CENTER VALIGN=BOTTOM COLSPAN="3" WIDTH="149"><b><font face="Times New Roman" size="2">Consolidated</font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=BOTTOM WIDTH="17"></td> <td ALIGN=CENTER VALIGN=BOTTOM COLSPAN="3" WIDTH="139"><b><font face="Times New Roman" size="2">GE</font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=BOTTOM WIDTH="13"></td> <td ALIGN=CENTER VALIGN=BOTTOM COLSPAN="3" WIDTH="139"><b><font face="Times New Roman" size="2">GECS</font></b> <hr noshade size="1"></td> </tr> <tr ALIGN=RIGHT VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=BOTTOM WIDTH="207"></td> <td ALIGN=RIGHT VALIGN=BOTTOM WIDTH="63"><b><font face="Times New Roman" size="2">3/31/00</font></b> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=BOTTOM WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=BOTTOM WIDTH="67"><b><font face="Times New Roman" size="2">12/31/99</font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=BOTTOM WIDTH="17"></td> <td ALIGN=RIGHT VALIGN=BOTTOM WIDTH="60"><b><font face="Times New Roman" size="2">3/31/00</font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=BOTTOM WIDTH="11"></td> <td ALIGN=RIGHT VALIGN=BOTTOM WIDTH="64"><b><font size="2">12/31/99</font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=BOTTOM WIDTH="13"></td> <td ALIGN=RIGHT VALIGN=BOTTOM WIDTH="60"><b><font face="Times New Roman" size="2">3/31/00</font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=BOTTOM WIDTH="11"></td> <td ALIGN=RIGHT VALIGN=BOTTOM WIDTH="64"><b><font size="2">12/31/99</font></b> <hr noshade size="1"></td> </tr> <TR><TD><font size="2">Cash and equivalents </font></TD><TD align="right"><font size="2">$18,062 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$8,554 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$2,143 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$2,000 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">$16,297 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$6,931 </font></TD></TR> <TR><TD><font size="2">Investment securities </font></TD><TD align="right"><font size="2">82,581 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">81,758 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">1,451 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">1,273 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">81,130 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">80,485 </font></TD></TR> <TR><TD><font size="2">Current receivables </font></TD><TD align="right"><font size="2">8,786 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">8,531 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">9,029 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">8,743 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2 ">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD></TR> <TR><TD><font size="2">Inventories </font></TD><TD align="right"><font size="2">7,786 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">7,007 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">6,538 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">5,798 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> 1,248 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">1,209 </font></TD></TR> <TR><TD><font size="2">Financing receivables – net </font></TD><TD align="right"><font size="2">140,412 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">137,629 </font></TD><TD align="right "><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">140,412 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">137,629 </font></TD></TR> <TR><TD><font size="2">Other GECS receivables </font></TD><TD align="right"><font size="2">28,362 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">29,708 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">29,434 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">30,681 </font></TD></TR> <TR><TD><font size="2">Property, plant and equipment </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD></TR> <TR><TD><font size="2"> (including equipment leased</font></TD><TD align="right"><font size="2">41,080 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">41,022 </font> </TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">12,306 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">12,381 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">28,774 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">28,641 </font></TD></TR> <TR><TD><font size="2"> to others) – net </font></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD> <TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD></TR> <TR><TD><font size="2">Investment in GECS </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2 "> </font></TD><TD align="right"><font size="2">20,911 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">20,321 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD></TR> <TR><TD><font size="2">Intangible assets – net </font></TD><TD align="right"><font size="2">27,159 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">26,010 </font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2">11,724 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">11,262 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">15,435 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">14,748 </font></TD></TR> <TR><TD><font size="2">All other assets </font></TD><TD align="right"><font size="2">67,409 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">64,981 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">21,191 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">20,805 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">46,740 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">44,694 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="207"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="63"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="15"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="67"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="17"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="13"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2">Total assets </font></TD><TD align="right"><font size="2">$</font><font size="2">421,637 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">405,200 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">85,293 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">82,583 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">359,470 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">345,018   ;</font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="207"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="63"> <hr align="right"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="15"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="67"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="17"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="13"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right"></td> </tr> <TR><TD><font size="2">Short–term borrowings </font></TD><TD align="right"><font size="2">$</font><font size="2">122,544 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2"> 130,346 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">1,268 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2"> 2,245 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">122,216 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2"> 129,259 </font></TD></TR> <TR><TD><font size="2">Accounts payable, principally </font></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD> <TD align="right"></TD><TD align="right"></TD><TD align="right"></TD></TR> <TR><TD><font size="2"> trade accounts </font></TD><TD align="right"><font size="2">12,790 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">13,676 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">5,562 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">5,068 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">9,063 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">9,749 </font></TD></TR> <TR><TD><font size="2">Other GE current liabilities </font></TD><TD align="right"><font size="2">18,245 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">17,194 </font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2">17,920 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">17,013 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD></TR> <TR><TD><font size="2">Long–term borrowings </font></TD><TD align="right"><font size="2">73,413 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">71,427 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">605 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">722 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">72,784 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">70,766 </font></TD></TR> <TR><TD><font size="2">Insurance liabilities, reserves and </font></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"> </TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD></TR> <TR><TD><font size="2"> annuity benefits </font></TD><TD align="right"><font size="2">108,552 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">86,776 </font></TD> <TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">108,552 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">86,776 </font></TD></TR> <TR><TD><font size="2">All other liabilities </font></TD><TD align="right"><font size="2">27,458 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">28,772 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">14,101 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">13,872 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">13,146 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">14,801 </font></TD></TR> <TR><TD><font size="2">Deferred income taxes </font></TD><TD align="right"><font size="2">9,252 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">9,238 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">458 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">283 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> 8,794 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">8,955 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="207"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="63"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="15"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="67"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="17"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="13"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2">Total liabilities </font></TD><TD align="right"><font size="2">372,254 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">357,429 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">39,914 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">39,203 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">334,555 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">320,306 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="207"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="63"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="15"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="67"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="17"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="13"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2">Minority interest in equity of </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD></TR> <TR><TD><font size="2"> consolidated affiliates </font></TD><TD align="right"><font size="2">4,885 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">5,214 </font> </TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">881 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">823 </font></TD><TD align="right"><font size="2"> </font> </TD><TD align="right"><font size="2">4,004 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">4,391 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="207"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="63"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="15"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="67"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="17"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="13"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2">Accumulated unrealized gains on </font></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD> <TD align="right"></TD><TD align="right"></TD><TD align="right"></TD></TR> <TR><TD><font size="2"> investment securities – net (a)</font></TD><TD align="right"><font size="2">641 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">626 </font> </TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">641 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">626 </font></TD><TD align="right"><font size="2"> </font> </TD><TD align="right"><font size="2">101 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">170 </font></TD></TR> <TR><TD><font size="2">Accumulated currency translation </font></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD> <TD align="right"></TD><TD align="right"></TD><TD align="right"></TD></TR> <TR><TD><font size="2"> adjustments (a)</font></TD><TD align="right"><font size="2">(1,690)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(1,370)</font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2">(1,690)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(1,370)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> (494)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(384)</font></TD></TR> <TR><TD><font size="2">Common stock (9,882,432,000 and </font></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD> <TD align="right"></TD><TD align="right"></TD><TD align="right"></TD></TR> <TR><TD><font size="2"> 9,854,528,000 shares outstanding </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD> <TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD></TR> <TR><TD><font size="2"> at March 31, 2000 and </font></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD> <TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD></TR> <TR><TD><font size="2"> December 31, 1999, respectively) (b)</font></TD><TD align="right"><font size="2">594 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">594 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">594 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">594 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">1 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">1 </font></TD></TR> <TR><TD><font size="2">Other capital </font></TD><TD align="right"><font size="2">12,170 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">10,790 </font></TD><TD align="right"><font size="2">  ;</font></TD><TD align="right"><font size="2">12,170 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">10,790 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">2,682 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">2,682 </font></TD></TR> <TR><TD><font size="2">Retained earnings </font></TD><TD align="right"><font size="2">55,724 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">54,484 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">55,724 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">54,484 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">18,621 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">17,852 </font></TD></TR> <TR><TD><font size="2">Less common stock held in treasury </font></TD><TD align="right"><font size="2">(22,941)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(22,567)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(22,941)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(22,567)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="207"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="63"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="15"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="67"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="17"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="13"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2">Total share owners' equity </font></TD><TD align="right"><font size="2">44,498 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">42,557 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">44,498 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">42,557 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">20,911 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">20,321 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="207"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="63"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="15"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="67"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="17"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="13"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2">Total liabilities and equity </font></TD><TD align="right"><font size="2">$</font><font size="2">421,637 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2"> 405,200 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">85,293 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2"> 82,583 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">359,470 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2"> 345,018 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="207"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="63"> <hr align="right"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="15"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="67"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="17"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="13"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="60"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size="2"> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="64"> <hr align="right"></td> </tr> <tr ALIGN=RIGHT VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=BOTTOM COLSPAN="12" WIDTH="674"><font size="2"> </font></td> </tr> </TABLE></center> <center><table BORDER=0 CELLPADDING=0 WIDTH="681" > <tr> <td VALIGN=TOP><font size=-1>(a) </font></td> <td VALIGN=TOP><font size="2"><font FACE="Times New Roman">The sum of accumulated unrealized gains on investment securities-net and accumulated currency translation adjustments constitutes "Accumulated</font> <font FACE="Times New Roman">nonowner changes other than earnings," and was $(1,049) million and $(744) million at March 31, 2000 and December 31, 1999, respectively.<br> </font></font></td> </tr> <tr> <td VALIGN=TOP><font FACE="Times New Roman" size="2">(b)</font></td> <td VALIGN=TOP><font FACE="Times New Roman" size="2">Adjusted to reflect the three-for-one stock split effective on April 27, 2000.<br> </font></td> </tr> <tr> <td VALIGN=TOP colspan="2"><font size="2"><font FACE="Times New Roman">See notes to condensed consolidated financial statements. Consolidating data are shown for "GE" and "GECS." March data</font> <font FACE="Times New Roman">are unaudited. Transactions between GE and GECS have been eliminated from the "consolidated" columns.</font></font></td> </tr> </TABLE></center> <hr> <h4> <a NAME="cash"></a><font face="Times New Roman">Condensed Statement of Cash Flows<br> General Electric Company and consolidated affiliates</font></h4> <center><table BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="680" > <tr VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=TOP WIDTH="277"></td> <td ALIGN=CENTER VALIGN=TOP COLSPAN="11" WIDTH="399"><b><font face="Times New Roman"><font size=-1>Three months ended March 31 (Unaudited)</font></font></b> <hr noshade size="1"></td> </tr> <tr VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=TOP WIDTH="277"><i><font face="Times New Roman"><font size=-1>(Dollars in millions)</font></font></i></td> <td ALIGN=CENTER VALIGN=TOP COLSPAN="3" WIDTH="127"><b><font face="Times New Roman"><font size=-1>Consolidated</font></font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="16"></td> <td ALIGN=CENTER VALIGN=TOP COLSPAN="3" WIDTH="116"><b><font face="Times New Roman"><font size=-1>GE</font></font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="14"></td> <td ALIGN=CENTER VALIGN=TOP COLSPAN="3" WIDTH="118"><b><font face="Times New Roman"><font size=-1>GECS</font></font></b> <hr noshade size="1"></td> </tr> <tr ALIGN=RIGHT VALIGN=BOTTOM> <td ALIGN=RIGHT VALIGN=TOP WIDTH="277"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="54"><b><font face="Times New Roman"><font size=-1>2000 </font></font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="54"><b><font face="Times New Roman"><font size=-1>1999 </font></font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="16"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"><b><font face="Times New Roman"><font size=-1>2000 </font></font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="13"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="51"><b><font face="Times New Roman"><font size=-1>1999 </font></font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="14"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="51"><b><font face="Times New Roman"><font size=-1>2000 </font></font></b> <hr noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="52"><b><font face="Times New Roman"><font size=-1>1999 </font></font></b> <hr noshade size="1"></td> </tr> <TR><TD><font size="2"><b>Cash flows – operating activities</b> </font></TD><TD><font size="2"> </font></TD><TD><font size="2"> </font></TD><TD><font size="2"> </font></TD><TD><font size="2"> </font></TD><TD><font size="2"> </font></TD><TD><font size="2"> </font></TD><TD><font size="2"> </font></TD><TD><font size="2"> </font></TD><TD><font size="2"> </font></TD><TD><font size="2"> </font></TD><TD><font size="2"> </font></TD></TR> <TR><TD><font size="2">Net earnings </font></TD><TD align="right"><font size="2">$</font><font size="2">2,592 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">2,155 </font> </TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">2,592 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">2,155 </font> </TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">1,210 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">1,032 </font> </TD></TR> <TR><TD><font size="2">Adjustments to reconcile net earnings to cash </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD></TR> <TR><TD><font size="2"> provided from operating activities </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD> <TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD> <TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD></TR> <TR><TD><font size="2"> Depreciation and amortization of property,</font></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD></TR> <TR><TD><font size="2"> plant and equipment </font></TD><TD align="right"><font size="2">1,411 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">1,125 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">447 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">440 </font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2">964 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">685 </font></TD></TR> <TR><TD><font size="2"> Amortization of goodwill and other intangibles </font></TD><TD align="right"><font size="2">564 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> 388 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">132 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">124 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">432 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">264 </font></TD></TR> <TR><TD><font size="2"> Earnings retained by GECS </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font> </TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(769)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(646)</font></TD><TD align="right"><font size="2"> </font></TD> <TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD></TR> <TR><TD><font size="2"> Deferred income taxes </font></TD><TD align="right"><font size="2">297 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">188 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">194 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">117 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">103 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">71 </font></TD></TR> <TR><TD><font size="2"> Decrease (increase) in GE current receivables </font></TD><TD align="right"><font size="2">(143)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> 480 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(174)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">564 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD></TR> <TR><TD><font size="2"> Decrease (increase) in inventories </font></TD><TD align="right"><font size="2">(607)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(219)</font></TD> <TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(568)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(350)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">(39)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">131 </font></TD></TR> <TR><TD><font size="2"> Increase (decrease) in accounts payable </font></TD><TD align="right"><font size="2">(312)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(666)</font> </TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">449 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(97)</font></TD><TD align="right"><font size="2"> </font></TD> <TD align="right"><font size="2">45 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(801)</font></TD></TR> <TR><TD><font size="2"> Increase (decrease) in insurance liabilities, </font></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD> <TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD></TR> <TR><TD><font size="2"> reserves and annuity benefits </font></TD><TD align="right"><font size="2">(151)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">1,115 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(151)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">1,115 </font></TD></TR> <TR><TD><font size="2"> Provision for losses on financing receivables </font></TD><TD align="right"><font size="2">521 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> 379 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">521 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">379 </font></TD></TR> <TR><TD><font size="2"> All other operating activities </font></TD><TD align="right"><font size="2">(2,494)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(675)</font></TD> <TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">287 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(238)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">(2,944)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(321)</font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="275"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="16"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="18"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="51"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2">Cash from operating activities </font></TD><TD align="right"><font size="2">1,678 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">4,270 </font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2">2,590 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">2,069 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">141 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">2,555 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="275"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="16"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="18"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="51"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2"><b>Cash flows – investing activities</b> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD></TR> <TR><TD><font size="2">Additions to property, plant and equipment </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD></TR> <TR><TD><font size="2"> (including equipment leased to others)</font></TD><TD align="right"><font size="2">(2,774)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(1,656)</font> </TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(353)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(288)</font></TD><TD align="right"><font size="2"> </font></TD> <TD align="right"><font size="2">(2,421)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(1,368)</font></TD></TR> <TR><TD><font size="2">Net increase in GECS financing receivables </font></TD><TD align="right"><font size="2">(59)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(251)</font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">(59)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(251)</font></TD></TR> <TR><TD><font size="2">Payments for principal businesses purchased </font></TD><TD align="right"><font size="2">(187)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(4,302)</font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2">(184)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(177)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(3) </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(4,125)</font></TD></TR> <TR><TD><font size="2">All other investing activities </font></TD><TD align="right"><font size="2">2,477 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(76)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(6)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">207 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> 2,175 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">32 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="275"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="16"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="18"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="51"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2">Cash used for investing activities </font></TD><TD align="right"><font size="2">(543)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(6,285)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(543)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(258)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> (308)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(5,712)</font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="275"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="16"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="18"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="51"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2"><b>Cash flows – financing activities</b> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD></TR> <TR><TD><font size="2">Net change in borrowings (maturities </font></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"> </TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD></TR> <TR><TD><font size="2"> 90 days or less)</font></TD><TD align="right"><font size="2">(8,056)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">3,537 </font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2">(990)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(50)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> (7,284)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">3,489 </font></TD></TR> <TR><TD><font size="2">Newly issued debt (maturities longer </font></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"> </TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD></TR> <TR><TD><font size="2"> than 90 days)</font></TD><TD align="right"><font size="2">8,723 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">7,830 </font></TD><TD align="right "><font size="2"> </font></TD><TD align="right"><font size="2">5 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">95 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right "><font size="2">8,633 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">7,725 </font></TD></TR> <TR><TD><font size="2">Repayments and other reductions (maturities </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD></TR> <TR><TD><font size="2"> longer than 90 days)</font></TD><TD align="right"><font size="2">(4,421)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(7,696)</font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2">(195)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(204)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> (4,226)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(7,492)</font></TD></TR> <TR><TD><font size="2">Net dispositions (purchases) of GE shares </font></TD><TD align="right"><font size="2">623 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(490)</font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2">623 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(490)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> – </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD></TR> <TR><TD><font size="2">Dividends paid to share owners </font></TD><TD align="right"><font size="2">(1,347)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(1,146)</font></TD><TD align="right"><font size="2 "> </font></TD><TD align="right"><font size="2">(1,347)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(1,146)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> (441)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(386)</font></TD></TR> <TR><TD><font size="2">Cash received upon assumption of </font></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD><TD align="right"></TD> <TD align="right"></TD><TD align="right"></TD><TD align="right"></TD></TR> <TR><TD><font size="2"> Toho Mutual Life Insurance Company </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD> <TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD> <TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2"> </font></TD></TR> <TR><TD><font size="2"> insurance liabilities </font></TD><TD align="right"><font size="2">13,177 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD> <TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">13,177 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD></TR> <TR><TD><font size="2">All other financing activities </font></TD><TD align="right"><font size="2">(326)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">259 </font></TD><TD align="right"><font size="2 "> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">– </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">(326)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">259 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="275"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="16"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="18"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="51"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2">Cash from (used for) financing activities </font></TD><TD align="right"><font size="2">8,373 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">2,294 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(1,904)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">(1,795)</font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"> <font size="2">9,533 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">3,595 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="275"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="16"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="18"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="51"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2">Increase in cash and equivalents </font></TD><TD align="right"><font size="2">9,508 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">279 </font></TD><TD align="right"> <font size="2"> </font></TD><TD align="right"><font size="2">143 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">16 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">9,366 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">438 </font></TD></TR> <TR><TD><font size="2">Cash and equivalents at beginning of year </font></TD><TD align="right"><font size="2">8,554 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">4,317 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">2,000 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">1,175 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">6,931 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">3,342 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="275"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="16"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="18"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="51"> <hr align="right" noshade size="1"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right" noshade size="1"></td> </tr> <TR><TD><font size="2">Cash and equivalents at March 31 </font></TD><TD align="right"><font size="2">$</font><font size="2">18,062 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">4,596 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">2,143 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">1,191 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">16,297 </font></TD><TD align="right"><font size="2"> </font></TD><TD align="right"><font size="2">$</font><font size="2">3,780 </font></TD></TR> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="275"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="16"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="53"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="18"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="11"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="14"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="51"> <hr align="right"></td> <td ALIGN=LEFT VALIGN=TOP WIDTH="12"><font size=-1> </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="50"> <hr align="right"></td> </tr> <tr> <td> </td> <td ALIGN=RIGHT></td> <td ALIGN=RIGHT></td> <td ALIGN=RIGHT></td> <td ALIGN=RIGHT></td> <td ALIGN=RIGHT></td> <td ALIGN=RIGHT></td> <td ALIGN=RIGHT></td> <td ALIGN=RIGHT></td> <td ALIGN=RIGHT></td> <td ALIGN=RIGHT></td> <td ALIGN=RIGHT></td> </tr> <tr ALIGN=RIGHT VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=TOP COLSPAN="12" WIDTH="656"><font size=-1>See notes to condensed consolidated financial statements. Consolidating data are shown for "GE" and "GECS." Transactions between GE and GECS have been eliminated from the "consolidated" columns.</font></td> </tr> </TABLE></center> <p> <hr> <h4> <a NAME="segments"></a><b><font size=-1>Summary of Operating Segments<br> General Electric Company and consolidated affiliates</font></b></h4> <center><table BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="551" > <tr VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=TOP WIDTH="236"></td> <td ALIGN=CENTER VALIGN=TOP COLSPAN="3" WIDTH="124"></td> <td ALIGN=CENTER VALIGN=TOP WIDTH="10"></td> <td ALIGN=CENTER VALIGN=TOP COLSPAN="3" WIDTH="173"><font size=-1><font face="Times New Roman">Three months ended</font></font> <font size=-1>March 31<br> (Unaudited)</font> <hr noshade size="1"></td> </tr> <tr VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=BOTTOM WIDTH="236"><i><font face="Times New Roman"><font size=-1>(Dollars in millions)</font></font></i></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="23"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="10"><b><font face="Times New Roman"><font color="#000000"><font size=-1> </font></font></font></b></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="56"><b><font face="Times New Roman"><font color="#000000"><font size=-1>2000 </font></font></font></b></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="58"><b><font face="Times New Roman"><font color="#000000"><font size=-1> </font></font></font></b></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="55"><b><font face="Times New Roman"><font color="#000000"><font size=-1>1999 </font></font></font></b></td> </tr> <tr VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=TOP WIDTH="236"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="23"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="10"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="56"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="58"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="55"></td> </tr> <tr> <td WIDTH="236"><b><font size=-1>Revenues</font></b></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1> </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> GE </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1> </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Aircraft Engines </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>$2,441 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>$2,418 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Appliances </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>1,381 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>1,201 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Industrial Products and Systems </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>2,785 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>2,539 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> NBC </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>1,393 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>1,180 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Plastics </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>1,861 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>1,615 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Power Systems </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>3,210 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>1,709 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Technical Products and Services </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>1,753 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>1,495 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Eliminations </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>(492)</font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>(351)</font></td> </tr> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="236"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="23"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="10"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="56"> <hr noshade size="1" align="right"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="58"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="55"> <hr noshade size="1" align="right"></td> </tr> <tr> <td WIDTH="236"><font size=-1> Total GE segment revenues </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>14,332 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>11,806 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Corporate items </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>121 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>108 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> GECS net earnings </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>1,210 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>1,032 </font></td> </tr> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="236"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="23"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="10"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="56"> <hr noshade size="1" align="right"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="58"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="55"> <hr noshade size="1" align="right"></td> </tr> <tr> <td WIDTH="236"><font size=-1> Total GE revenues </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>15,663 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>12,946 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> GECS segment revenues </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>15,681 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>12,383 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Eliminations - -a)</font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>(1,348)</font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>(1,164)</font></td> </tr> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="236"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="23"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="10"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="56"> <hr noshade size="1" align="right"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="58"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="55"> <hr noshade size="1" align="right"></td> </tr> <tr> <td WIDTH="236"><b><font size=-1>Consolidated revenues</font></b></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>$29,996 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>$24,165 </font></td> </tr> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="236"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="23"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="10"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="56"> <hr align="right"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="58"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="55"> <hr align="right"></td> </tr> <tr> <td WIDTH="236"><b><font size=-1>Segment profit</font></b></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1> </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> GE </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1> </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Aircraft Engines </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>$558 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>$482 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Appliances </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>150 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>161 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Industrial Products and Systems </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>514 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>393 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> NBC </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>394 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>334 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Plastics </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>437 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>397 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Power Systems </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>453 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>191 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Technical Products and Services </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>340 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>268 </font></td> </tr> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="236"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="23"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="10"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="56"> <hr noshade size="1" align="right"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="58"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="55"> <hr noshade size="1" align="right"></td> </tr> <tr> <td WIDTH="236"><font size=-1> Total GE operating profit </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>2,846 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>2,226 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> GECS net earnings </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>1,210 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>1,032 </font></td> </tr> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="236"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="23"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="10"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="56"> <hr noshade size="1" align="right"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="58"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="55"> <hr noshade size="1" align="right"></td> </tr> <tr> <td WIDTH="236"><font size=-1> Total segment profit </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>4,056 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>3,258 </font></td> </tr> <tr> <td WIDTH="236"><font size=-1> GE interest and other financial charges </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>(253)</font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>(184)</font></td> </tr> <tr> <td WIDTH="236"><font size=-1> GE provision for income taxes </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>(881)</font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>(721)</font></td> </tr> <tr> <td WIDTH="236"><font size=-1> Corporate items and eliminations </font></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>(330)</font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>(198)</font></td> </tr> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="236"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="23"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="10"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="56"> <hr noshade size="1" align="right"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="58"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="55"> <hr noshade size="1" align="right"></td> </tr> <tr> <td WIDTH="236"><b><font size=-1>Consolidated net earnings</font></b></td> <td WIDTH="49"><font size=-1> </font></td> <td WIDTH="23"><font size=-1> </font></td> <td WIDTH="48"><font size=-1> </font></td> <td WIDTH="10"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="56"><font size=-1>$2,592 </font></td> <td ALIGN=RIGHT WIDTH="58"><font size=-1> </font></td> <td ALIGN=RIGHT WIDTH="55"><font size=-1>$2,155 </font></td> </tr> <tr> <td ALIGN=LEFT VALIGN=TOP WIDTH="236"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="49"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="23"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="10"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="56"> <hr align="right"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="58"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="55"> <hr align="right"></td> </tr> <tr VALIGN=BOTTOM> <td ALIGN=LEFT VALIGN=TOP COLSPAN="8" WIDTH="549"><font face="Times New Roman"><font size=-1>(a- Principally the elimination of GECS net earnings.</font></font></td> </tr> </TABLE></center> <hr> <p><a NAME="notes"></a><b><font size=-1>Notes to Condensed Consolidated Financial Statements</font></b> <p><font size=-1><font face="Times New Roman"> </font>1. The accompanying condensed quarterly financial statements represent the consolidation of General Electric Company and all companies which it directly or indirectly controls, either through majority ownership or otherwise. Reference is made to note 1 to the consolidated financial statements included in the Company's Annual Report on Form 10-K for the year ended December 31, 1999. That note discusses consolidation and financial statement presentation. As used in this Report and in the Report on Form 10-K, "GE" represents the adding together of all affiliated companies except General Electric Capital Services, Inc. ("GECS"), which is presented on a one-line basis; GECS consists of General Electric Capital Services, Inc. and all of its affiliates; and "consolidated" represents the adding together of GE and GECS with the effects of transactions between the two eliminated.</font> <p><font size=-1><font face="Times New Roman"> </font>2. The condensed consolidated quarterly financial statements are unaudited. These statements include all adjustments (consisting of normal recurring accruals) considered necessary by management to present a fair statement of the results of operations, financial position and cash flows. The results reported in these condensed consolidated financial statements should not be regarded as necessarily indicative of results that may be expected for the entire year.</font> <p><font size=-1><font face="Times New Roman"> </font>3. The Financial Accounting Standards Board (FASB) has issued Statement of Financial Accounting Standards No. 133, Accounting for Derivative Instruments and Hedging Activities (Statement 133), effective for GE and GECS on January 1, 2001. Upon adoption, all derivative instruments (including certain derivative instruments embedded in other contracts) will be recognized in balance sheets at fair value, and changes in such fair values must be recognized in earnings unless specific hedging criteria are met. Changes in the values of derivatives meeting these hedging criteria will ultimately offset related earnings effects of the hedged items; effects of qualifying changes in fair value are recorded in equity pending recognition in earnings. Certain significant refinements and interpretations of Statement 133 are being deliberated by the FASB, and the effects on accounting for GE and GECS financial instruments will depend to some degree on the results of such deliberations. Management has not determined the total probable effects on its financial statements of adopting Statement 133 and does not believe that an estimate of such effects would be meaningful at this time.</font> <p><font size=-1><font face="Times New Roman"> </font>4. A summary of changes in share owners' equity that do not result directly from transactions with share owners is provided below.</font> <p align="left"> <center><table BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="482" BORDERCOLOR="#000000" > <tr> <td VALIGN=TOP WIDTH="335"> </td> <td VALIGN=TOP COLSPAN="3" WIDTH="129"> <center><b><font size=-1>Three months ended</font></b> <hr noshade size="1"></center> </td> </tr> <tr> <td VALIGN=TOP WIDTH="335"><i><font size=-1>(Dollars in millions)</font></i></td> <td VALIGN=TOP> <div align=right><b><font size=-1>3/31/00</font></b></div> </td> <td VALIGN=TOP WIDTH="25"><font size=-1> </font></td> <td VALIGN=TOP> <div align=right><b><font size=-1>3/31/99</font></b></div> </td> </tr> <tr> <td VALIGN=TOP WIDTH="335"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="335"><font size=-1>Net earnings </font></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>$2,592 </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>$2,155 </font></td> </tr> <tr> <td VALIGN=TOP WIDTH="335"><font size=-1>Unrealized gains (losses) on investment securities – net</font></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>15 </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>(384)</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="335"><font size=-1>Foreign currency translation adjustments – net</font></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>(320)</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>(388)</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="335"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="335"><font size=-1>Total</font></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>$2,287 </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>$1,383 </font></td> </tr> <tr> <td VALIGN=TOP WIDTH="335"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr></td> </tr> </TABLE></center> <p> <font size=-1><font face="Times New Roman"> </font>5. Inventories consisted of the following:</font> </p> <p align="left"> </p> <center><table BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="482" BORDERCOLOR="#000000" > <tr> <td VALIGN=TOP> </td> <td ALIGN=RIGHT VALIGN=TOP COLSPAN="3"> <center><b><font size=-1>At</font></b> <hr noshade size="1"></center> </td> </tr> <tr> <td VALIGN=TOP><i><font size=-1>(Dollars in millions)</font></i></td> <td ALIGN=RIGHT VALIGN=TOP> <div align=right><b><font size=-1>3/31/00 </font></b></div> </td> <td VALIGN=TOP> </td> <td ALIGN=RIGHT VALIGN=TOP> <div align=right><b><font size=-1>12/31/99 </font></b></div> </td> </tr> <tr> <td VALIGN=TOP WIDTH="335"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP><b><font size=-1>GE</font></b></td> <td ALIGN=RIGHT VALIGN=TOP></td> <td VALIGN=TOP></td> <td ALIGN=RIGHT VALIGN=TOP></td> </tr> <tr> <td VALIGN=TOP><font size=-1>Raw materials and work in process</font></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>$3,742 </font></td> <td VALIGN=TOP></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>$3,438 </font></td> </tr> <tr> <td VALIGN=TOP><font size=-1>Finished goods</font></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>3,525 </font></td> <td VALIGN=TOP></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>3,054 </font></td> </tr> <tr> <td VALIGN=TOP><font size=-1>Unbilled shipments</font></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>189 </font></td> <td VALIGN=TOP></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>233 </font></td> </tr> <tr> <td VALIGN=TOP><font size=-1>Revaluation to LIFO</font></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>(918)</font></td> <td VALIGN=TOP></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>(927)</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="335"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>6,538 </font></td> <td VALIGN=TOP></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>5,798 </font></td> </tr> <tr> <td VALIGN=TOP WIDTH="335"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP><b><font size=-1>GECS</font></b></td> <td ALIGN=RIGHT VALIGN=TOP></td> <td VALIGN=TOP></td> <td ALIGN=RIGHT VALIGN=TOP></td> </tr> <tr> <td VALIGN=TOP><font size=-1>Finished goods</font></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>1,248 </font></td> <td VALIGN=TOP></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>1,209 </font></td> </tr> <tr> <td VALIGN=TOP WIDTH="335"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP><font size=-1>Total</font></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>$7,786 </font></td> <td VALIGN=TOP></td> <td ALIGN=RIGHT VALIGN=TOP><font size=-1>$7,007 </font></td> </tr> <tr> <td VALIGN=TOP WIDTH="335"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP> <hr></td> </tr> </TABLE></center> <p> <font size=-1><font face="Times New Roman"> </font>6. Property, plant and equipment (including equipment leased to others) - net, consisted of the following:</font> </p> <p align="left"> </p> <center><table BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="482" BORDERCOLOR="#000000" > <tr> <td VALIGN=TOP WIDTH="58%"> </td> <td VALIGN=TOP COLSPAN="3" WIDTH="30%"> <center><b><font size=-1>At</font></b> <hr noshade size="1"></center> </td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><i><font size=-1>(Dollars in millions)</font></i></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <div align=right><b><font size=-1>3/31/00</font></b></div> </td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"> </td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <div align=right><b><font size=-1>12/31/99</font></b></div> </td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><b><font size=-1>Original cost</font></b></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><font size=-1>– GE</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size="-1">$</font><font size=-1>30,572</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="25"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size="-1">$</font><font size=-1>30,199</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><font size=-1>– GECS</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>38,679</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>38,160</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><font size=-1>Total</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>69,251</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>68,359</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><b><font size=-1>Accumulated depreciation and amortization</font></b></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><font size=-1>– GE</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>18,266</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>17,818</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><font size=-1>– GECS</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>9,905</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>9,519</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><font size=-1>Total</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>28,171</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>27,337</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><b><font size=-1>Property, plant and equipment - - net</font></b></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><font size=-1>– GE</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>12,306</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>12,381</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><font size=-1>– GECS </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>28,774</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>28,641</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"><font size=-1>Total</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>$41,080</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"><font size=-1>$41,022</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="58%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="7%"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="11%"> <hr></td> </tr> </TABLE></center> <p> <font size=-1><font face="Times New Roman"> </font>7. On April 26, 2000, the share owners of General Electric Company authorized the amendment of its Restated Certificate of Incorporation to change and increase GE's authorized common stock from 4,400,000,000 shares, par value of $0.16 per share, to 13,200,000,000 shares, par value of $0.06 per share, and in doing so to split the common stock (including outstanding shares) on a three-for-one basis. Such split became effective April 27, 2000, and is reflected in all references to the number of common shares and per-share amounts in this report. Information related to the calculation of earnings per share follows.</font> </p> <p align="left"> </p> <center><table BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="540" > <tr> <td VALIGN=TOP WIDTH="284"> </td> <td ALIGN=RIGHT VALIGN=TOP COLSPAN="7" WIDTH="252"> <center><b><font size=-1>Three months ended</font></b> <hr noshade size="1"></center> </td> </tr> <tr> <td VALIGN=TOP WIDTH="284"><i><font size=-2>(Dollar amounts and shares in millions;</font></i> <br><i><font size=-2>per-share amounts in dollars)</font></i></td> <td ALIGN=RIGHT VALIGN=TOP COLSPAN="3" WIDTH="121"> <center><b><font size=-1>3/31/00</font></b> <hr noshade size="1"></center> </td> <td WIDTH="15"></td> <td COLSPAN="3" WIDTH="112"> <center><b><font size=-1>3/31/99</font></b> <hr noshade size="1"></center> </td> </tr> <tr> <td VALIGN=TOP WIDTH="284"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"> <center><b><font size=-1>Diluted</font></b></center> </td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"> <center><b><font size=-1>Basic</font></b></center> </td> <td VALIGN=TOP WIDTH="15"> </td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"> <center><b><font size=-1>Diluted</font></b></center> </td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"> <center><b><font size=-1>Basic</font></b></center> </td> </tr> <tr> <td VALIGN=TOP WIDTH="284"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"> <hr noshade size="1"></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"><b><font size=-1>Consolidated operations</font></b></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"><font size=-1>Net earnings available to common share owners</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"><font size=-1>$2,592</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"><font size=-1>$2,592</font></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"><font size=-1>$2,155</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"><font size="-1">$</font><font size=-1>2,155</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"><font size=-1>Dividend equivalents - net of tax</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"><font size=-1>2</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"><font size=-1>-</font></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"><font size=-1>2</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"><font size=-1>-</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"> <hr noshade size="1"></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"><font size=-1>Net earnings available for per-share calculation</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"><font size=-1>$2,594</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"><font size=-1>$2,592</font></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"><font size=-1>$2,157</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"><font size=-1>$2,155</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"> <hr noshade size="1"></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"><b><font size=-1>Average equivalent shares</font></b></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"><font size=-1>Shares of GE common stock </font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"><font size=-1>9,870</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"><font size=-1>9,870</font></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"><font size=-1>9,817</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"><font size=-1>9,817</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"><font size=-1>Employee compensation-related shares,</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"><font size=-1> including stock options</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"><font size=-1>161</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"><font size=-1>-</font></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"><font size=-1>165</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"><font size=-1>-</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"> <hr noshade size="1"></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"><font size=-1>Total average equivalent shares</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"><font size=-1>10,031</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"><font size=-1>9,870</font></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"><font size=-1>9,982</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"><font size=-1>9,817</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"> <hr noshade size="1"></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"> <hr noshade size="1"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"> <hr noshade size="1"></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"><font size=-1>Net earnings per share</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"><font size=-1>$0.26</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"><font size=-1>$0.26</font></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"><font size=-1>$0.22</font></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"><font size=-1>$0.22</font></td> </tr> <tr> <td VALIGN=TOP WIDTH="284"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="48"> <hr></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="26"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="43"> <hr></td> <td VALIGN=TOP WIDTH="15"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="46"> <hr></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="18"></td> <td ALIGN=RIGHT VALIGN=TOP WIDTH="44"> <hr></td> </tr> </TABLE></center> <p> <b><font size=-1><a name="Item 2">Item 2</a>. Management's Discussion and Analysis of Results of Operations and Financial Condition</font></b> </p> <p><b><font size=-1>A. Results of Operations - First quarter of 2000 compared with first quarter of 1999</font></b> <p><font size=-1><font face="Times New Roman"> </font>General Electric Company's earnings increased 20% to $2.592 billion and earnings per share increased 18% to $.26, up from last year's $.22. Both earnings per share and earnings were records for the quarter.</font> <p><font size=-1><font face="Times New Roman"> </font>Revenues for the first quarter of 2000 rose to a record $30.0 billion, 24% higher than last year's quarter. Revenue growth at GE's industrial businesses reached 21%. Volume increased by 25%, reflecting growth across most businesses. The effects of selling prices varied widely across businesses and overall were down slightly.</font> <p><font size=-1><font face="Times New Roman"> </font>Operating profit increased at double-digit rates in six of seven operating segments – led by Power Systems, Technical Products and Services, and NBC.</font> <p><font size=-1><font face="Times New Roman"> </font>GE's first-quarter operating margin increased to 17.3% of sales, up from last year's 16.3%, and was a record for the quarter. The first-quarter increase demonstrates the increasing benefits from GE's focus on product services, Six Sigma quality and e-Business initiatives.</font> <p><font size=-1><font face="Times New Roman"> </font>GE Capital Services' first-quarter earnings rose to $1.210 billion, 17% higher than last year's $1.032 billion. These record results reflect the globalization and diversity of GE Capital's businesses.</font> <p><font size=-1><font face="Times New Roman"> </font>Cash generated from GE's operating activities was $2.6 billion in the first quarter, up 25% over last year's first quarter. As part of the $22 billion share repurchase program, GE purchased $548 million of its stock during the first quarter to reach $16.0 billion - 925 million shares - - purchased since December 1994.</font> <p><b><font size=-1>Segment Analysis</font></b> <p><font size=-1><font face="Times New Roman"> </font>The comments that follow compare revenues and operating profit by operating segment for the first quarters of 2000 and 1999.</font> <ul> <li><font size=-1><b><i>Aircraft Engines</i></b> reported a 16% increase in operating profit on revenues that were 1% higher than a year ago. The increase in revenues was primarily attributable to higher volume in product services and in military engines, partially offset by lower selling prices. The improvement in operating profit reflected growth in product services and productivity, which more than offset the decrease in selling prices.<br> </font> </li> <li><font size=-1><b><i>Appliances</i></b> revenues increased 15% over the first quarter of 1999, principally as a result of strong volume growth, particularly in new dishwasher and range products, which was partially offset by lower selling prices. Operating profit decreased 7% largely as a result of the decrease in selling prices and increased spending on new products.<br> </font> </li> <li><font size=-1><b><i>GE Capital Services</i></b> first-quarter earnings rose to $1.210 billion, up 17% from last year's $1.032 billion. The improvement in earnings reflected a significant increase in earnings from Specialized Financing, largely attributable to GE Equity, strong double-digit increases in Consumer Services and Mid-Market Financing, which more than offset sharply lower results in Specialty Insurance resulting from repositioning of the ERC investment portfolio.<br> </font> </li> <li><font size=-1><b><i>Industrial Products and Systems</i></b> reported a 31% increase in operating profit on revenues that were 10% higher than a year ago. The increase in revenues reflected volume increases across all businesses in the segment. The improvement in segment operating profit was primarily attributable to productivity and higher volume, partially offset by higher costs.<br> </font> </li> <li><font size=-1><b><i>NBC</i></b> reported an 18% increase in revenues and operating profit compared with the first quarter of 1999. The improvement in revenues reflected continued growth in cable operations, particularly at CNBC, and in owned-and-operated stations. The increase in operating profit was primarily attributable to a strong marketplace, improved results in network operations, cable, and stations, as well as continuing benefits from cost reductions across the business.<br> </font> </li> <li><font size=-1><b><i>Plastics</i></b> revenues were 15% higher than a year ago, reflecting primarily higher volume across all segments of the business. Operating profit increased by 10% on the increase in volume and productivity, partially offset by higher raw material costs.<br> </font> </li> <li><font size=-1><b><i>Power Systems</i></b> revenues increased 88%, primarily as a result of sharply higher volume in gas turbines and continued growth in product services. Operating profit more than doubled, reflecting strong productivity and the increase in volume.<br> </font> </li> <li><font size=-1><b><i>Technical Products & Services</i></b> revenues increased 17% from the first quarter of 1999, principally as a result of growth in both product services and equipment volume at Medical Systems. Operating profit grew 27%, reflecting the revenue growth at Medical Systems as well as improved results at Information Services.</font> </li> </ul> <p><b><font size=-1>B. Financial Condition</font></b> <p><font size=-1><font face="Times New Roman"> </font>With respect to the Condensed Statement of Financial Position, consolidated assets were $421.6 billion at March 31, 2000, compared with $405.2 billion at December 31, 1999.</font> <p><font size=-1><font face="Times New Roman"> </font>GE assets were $85.3 billion at March 31, 2000, an increase of $2.7 billion from December 31, 1999. The increase was primarily attributable to increases in inventories, investment in GECS and intangible assets. Inventories were $0.7 billion higher than at year-end 1999, primarily reflecting normal seasonal increases. Investment in GECS increased $0.6 billion, primarily as a result of GECS earnings in excess of dividends paid. Intangible assets increased $0.5 billion, reflecting goodwill associated with recent acquisitions, the largest of which was OEC Medical Systems.</font> <p><font size=-1><font face="Times New Roman"> </font>GECS assets increased by $14.5 billion from the end of 1999, largely as a result of the acquisition of certain assets and liabilities of Toho Mutual Life Insurance of Japan (Toho), an entity that was insolvent when acquired. That acquisition included approximately $13 billion in cash, as well as financing receivables and other assets, in exchange for assumption of Toho's existing insurance policyholder liabilities. The significant cash position of Toho at the date of acquisition was appropriate given expected liquidity needs of the business, particularly policyholder redemptions expected to occur over the succeeding six months.</font> <p><font size=-1><font face="Times New Roman"> </font>GECS cash increased $9.4 billion, largely as a result of cash acquired with Toho. GE Capital's financing receivables, which, net of the allowance for losses, aggregated $140.4 billion at the end of the first quarter, increased $2.8 billion from year-end 1999, principally the result of the addition of financing receivables of Toho. Management believes that GE Capital's allowance for losses of $4.0 billion at March 31, 2000, is the best estimate of probable losses inherent in the portfolio given its strength and diversity and current economic circumstances. Other assets increased $2.0 billion, primarily reflecting growth in "separate accounts," which are investments controlled by policyholders, as well as acquired real estate ventures of Toho.</font> <p><font size=-1><font face="Times New Roman"> </font>Consolidated liabilities of $372.3 billion at March 31, 2000, were $14.8 billion higher than the year-end 1999 balance of $357.4 billion. GE liabilities increased by $0.7 billion; GECS liabilities increased by $14.2 billion.</font> <p><font size=-1><font face="Times New Roman"> </font>GE borrowings were $1.9 billion ($1.3 billion short-term and $0.6 billion long-term) at March 31, 2000, a decrease of $1.1 billion from December 31, 1999. GE's ratio of debt to total capital at the end of March 2000 was 4.0% compared with 6.4% at the end of last year and 9.3% at March 31, 1999. Other changes in GE's liabilities comprised numerous, relatively small items.</font> <p><font size=-1><font face="Times New Roman"> </font>GECS liabilities increased by $14.2 billion, principally as a result of acquisition-related increases in insurance liabilities. Insurance liabilities increased $21.8 billion from year-end 1999, reflecting primarily the assumption of policyholder liabilities of Toho, as well as increases in separate accounts and additions to reserves related to core growth. Short-term borrowings decreased $7.0 billion from year-end 1999, while long-term borrowings increased by $2.0 billion.</font> <p><font size=-1><font face="Times New Roman"> </font>With respect to cash flows, consolidated cash and equivalents amounted to $18.1 billion at March 31, 2000, an increase<font color="#FF0000"> </font>of about $9.5 billion during the quarter. Cash and equivalents were $4.6 billion at March 31, 1999, an increase<font color="#FF0000"> </font>of about $0.3 billion during last year's first quarter.</font> <p><font size=-1><font face="Times New Roman"> </font>GE cash and equivalents were $2.1 billion at March 31, 2000, about the same as at year-end 1999. During the first quarter of 2000, operating cash flows increased to $2.6 billion, an increase of 25% over the first quarter of 1999, primarily as a result of improvements in earnings and higher progress collections. Cash used for investing activities ($0.5 billion) principally represented acquisitions and investments in new plant and equipment for a wide variety of capital expenditure projects to reduce costs and improve efficiencies. Cash used for financing activities ($1.9 billion) included $1.3 billion for dividends paid to share owners -- a 17% increase in the per-share dividend rate compared with first quarter of last year -- and $0.5 billion for repurchases of the Company's common stock under the share repurchase program. Funds used for dividends and the share repurchases were generated from operating cash flow.</font> <p><font size=-1><font face="Times New Roman"> </font>GE cash and equivalents amounted to $1.2 billion at March 31, 1999, about the same as at year-end 1998. During the first quarter of 1999, operating cash flows increased to $2.1 billion, an increase of 37% over the first quarter of 1998, primarily as a result of improvements in earnings and higher progress collections. Cash used for investing activities ($0.3 billion) principally represented acquisitions and investments in new plant and equipment for a wide variety of capital expenditure projects to reduce costs and improve efficiencies. Cash used for financing activities ($1.8 billion) included $1.1 billion for dividends paid to share owners -- a 17% increase in the per-share dividend rate compared with first quarter of 1998 -- and $0.4 billion for repurchases of the Company's common stock under the share repurchase program. Funds used for dividends and the share repurchases were generated from operating cash flow.</font> <p><font size=-1><font face="Times New Roman"> </font>GECS cash and equivalents increased by $9.4 billion during the first quarter of 2000 to $16.3 billion, principally as a result of cash acquired in connection with the Toho acquisition. Cash provided from operating activities amounted to $0.1 billion during the first three months of 2000. The decrease in cash from operating activities compared with last year was largely attributable to insurance policyholder redemptions associated with the Toho acquisition. Cash from financing activities totaled $9.5 billion, primarily as a result of insurance policyholder liabilities assumed in the Toho acquisition, the effect of which was partially offset by net reductions in debt. The principal use of GECS cash during the period was for investing activities ($0.3 billion), a majority of which was attributable to investments in property plant and equipment.</font> <p><font size=-1><font face="Times New Roman"> </font>GECS cash and equivalents increased $0.4 billion during the first quarter of 1999, when $2.6 billion of cash was provided from operating activities. The principal use of GECS cash during the period was for investing activities ($5.7 billion), a majority of which was attributable to payments for principal businesses acquired ($4.1 billion), the largest of which were Japan Leasing and Eagle Star, and additions to equipment that is provided to third parties on operating leases ($1.4 billion).</font> <p><b><font size=-1>Part II. Other Information</font></b> <p><b><font size=-1><a name="Item 1">Item 1</a>. Legal Proceedings</font></b> <p><font size=-1><font face="Times New Roman"> </font>As previously reported, on March 12, 1993, a complaint was filed in United States District Court for the District of Connecticut by ten employees of the Company's former Aerospace business, purportedly on behalf of all GE Aerospace employees whose GE employment status is or was affected by the then planned transfer of GE Aerospace to a new company controlled by the stockholders of Martin Marietta Corporation. The complaint sought to clarify and enforce the plaintiffs' claimed rights to pension benefits in accordance with, and rights to assets then held in, the GE Pension Plan (the "Plan"). The complaint named the Company, the trustees of the GE Pension Trust ("Trust"), and Martin Marietta Corporation and one of its former plan administrators as defendants. The complaint alleged primarily that the Company's planned transfer of certain assets of the Trust to a Martin Marietta pension trust, in connection with the transfer of the Aerospace business, violated the rights of the plaintiffs under the Plan and applicable provisions of the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code. The complaint sought equitable and declaratory relief, including an injunction against transfer of the Plan assets except under circumstances and protections, if any, approved by the court, an order that the Company disgorge all profits allegedly received by it as a result of any such transfer and the making of restitution to the Trust for alleged investment losses resulting from the Company's treatment of Plan assets in connection with the transaction or alternatively the transfer of additional assets from the Trust to a new Martin Marietta pension trust, and an order requiring Martin Marietta to continue to offer transferred employees all accrued pension-related benefits for which they were eligible under the Plan as of the closing date of the transfer of the GE Aerospace business to Martin Marietta. On March 23, 1993, the Company and Martin Marietta Corporation filed motions to dismiss the complaint on the basis that the complaint does not state any claim upon which relief can be granted as a matter of law. On April 2, 1993, the transfer of the Aerospace business occurred, and on June 7, 1993, the court issued an order denying plaintiffs' request for injunctive relief. On September 26, 1996, the District Court granted defendants' motion to dismiss those claims which were based on allegations that the transfer of plan assets was unlawful, and ordered discovery on the remaining claims. On September 28, 1998, the class was certified as to the remaining claims. On March 29, 2000, the District Court dismissed the complaint. Plaintiffs have filed an appeal from the District Court's order.</font> <br><font size=-1> </font> <br><b><font size=-1>Environmental</font></b> <p><font size=-1><font face="Times New Roman"> </font>In March 2000, the New York State Department of Environmental Conservation informed the Company that it was seeking penalties of $204,000 for violations of the state's hazardous waste rules at its Waterford, NY facility. The state alleges violations of requirements for labeling, inspection and management of hazardous waste. The matter is currently under negotiation.</font> <p><a NAME="exhibits"></a><b><font size=-1>Item 6. Exhibits and Reports on Form 8-K</font></b> <br> <table BORDER=0 CELLPADDING=2 > <tr> <td VALIGN=TOP><font size=-1>a.</font></td> <td VALIGN=TOP><font size=-1>Exhibits</font> <br><font size=-1> </font></td> </tr> <tr> <td VALIGN=TOP><font size=-1> </font></td> <td VALIGN=TOP><font size=-1>Exhibit 11. Computation of Per Share Earnings*</font> <br><font size=-1>Exhibit 12. Computation of Ratio of Earnings to Fixed Charges.</font> <br><font size=-1>Exhibit 27. Financial Data Schedule</font></td> </tr> <tr> <td VALIGN=TOP> <div align=right><font size=-1>*</font></div> </td> <td VALIGN=TOP><font size=-1>Data required by Statement of Financial Accounting Standards No. 128, <i>Earnings per Share</i>, is provided in note 7 to the condensed consolidated financial statements in this report.</font></td> </tr> <tr> <td VALIGN=TOP><font size=-1>b.</font></td> <td VALIGN=TOP><font size=-1>Reports on Form 8-K during the quarter ended March 31, 2000.</font> <br><font size=-1> </font></td> </tr> <tr> <td VALIGN=TOP><font size=-1> </font></td> <td VALIGN=TOP><font size=-1>No reports on Form 8-K were filed during the quarter ended March 31, 2000.</font></td> </tr> </TABLE> <p> <hr> <center> <h2> <a NAME="signature"></a><font face="Times New Roman">Signatures</font></h2></center> <font face="Times New Roman"><font size=-1> Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.</font></font> <br> <br> <table BORDER=0 CELLSPACING=0 CELLPADDING=0 WIDTH="560" > <tr> <td ALIGN=CENTER VALIGN=TOP WIDTH="135"></td> <td VALIGN=TOP WIDTH="66"></td> <td VALIGN=TOP WIDTH="353"><font face="Times New Roman"><font size=-1>General Electric Company</font></font> <br><font face="Times New Roman"><font size=-1> (Registrant)</font></font> <p><font face="Times New Roman"> </font></td> </tr> <tr> <td ALIGN=CENTER VALIGN=TOP WIDTH="135"><font face="Times New Roman"><font size=-1>May 15, 2000</font></font> <hr noshade size="1"></td> <td VALIGN=TOP WIDTH="66"></td> <td VALIGN=TOP WIDTH="353"><font face="Times New Roman"><font size=-1> /s/ Philip D. Ameen </font></font> <hr noshade size="1"></td> </tr> <tr> <td ALIGN=CENTER VALIGN=TOP WIDTH="135"><font face="Times New Roman"><font size=-1>Date</font></font></td> <td VALIGN=TOP WIDTH="66"></td> <td VALIGN=TOP WIDTH="353"><font face="Times New Roman"><font size=-1>Philip D. Ameen</font></font></td> </tr> <tr> <td ALIGN=CENTER VALIGN=TOP WIDTH="135"></td> <td VALIGN=TOP WIDTH="66"></td> <td VALIGN=TOP WIDTH="353"><font face="Times New Roman"><font size=-1>Vice President and Comptroller</font></font> <br><font face="Times New Roman"><font size=-1>Duly Authorized Officer and Principal Accounting Officer</font></font></td> </tr> </TABLE> </body> </HTML>