General Electric Company

General Electric Company

General Electric Company

Overview
Date Founded

1878

Headquarters

1 NEWMANN WAY, CINCINNATI, OH 45216 USA

Type of Company

Public

Employees (Worldwide)

295K

Industries

Power & Utilities
Other Manufacturing
Wholesale: Medical Supplies & Pharmaceuticals
Retail & Commercial Banking
Medical Products & Equipment
Aerospace & Defense
Industrial Machinery & Manufacturing
Industrial Conglomerates
Electrical Products

Company Description

General Electric Co. is a technology and financial services company that develops and manufactures products for the generation, transmission, distribution, control and utilization of electricity. Its products and services include aircraft engines, power generation, water processing, security technology, medical imaging, business and consumer financing, media content and industrial products. The company operates through eight segments: Power, Oil & Gas, Aviation, Healthcare, Transportation, Appliances & Lighting and GE Capital. The Power segment serves power generation, industrial, government and other customers worldwide with products and services related to energy production. The Oil & Gas segment supplies mission critical equipment for the global oil and gas industry, used in applications spanning the entire value chain from drilling and completion through production, liquefied natural gas and pipeline compression, pipeline inspection, and downstream processing in refineries and petrochemical plants. The Aviation segment products and services include jet engines, aerospace systems and equipment, replacement parts and repair and maintenance services for all categories of commercial aircraft; for a wide variety of military aircraft, including fighters, bombers, tankers and helicopters; for marine applications; and for executive and regional aircraft. The Healthcare segment products include diagnostic imaging systems such as magnetic resonance, computed tomography and positron emission Tomography scanners, X-ray, nuclear imaging, digital mammography and molecular imaging technologies. The Transportation segment engages in global technology and supplier to the railroad, mining, marine and drilling industries. The Appliances & Lighting segment products include major appliances and related services for products such as refrigerators, freezers, electric and gas ranges, cooktops, dishwashers, clothes washers and dryers, microwave ovens, room air conditioners, residential water systems for filtration, softening and heating, and hybrid water heaters. The GE Capital segment offers financial services and products worldwide for businesses of all sizes, services include commercial loans and leases, fleet management, financial programs, credit cards, personal loans and other financial services. The company was founded by Thomas A. Edison in 1878 and is headquartered in Boston, MA.

Executives & Employees

Senior Executive Director, Energy Ventures

Chairman & Chief Executive Officer

Chief Financial Officer

Chief Financial Officer

Senior Vice President & General Counsel

General Counsel, Business Innovations

Chief Marketing Officer

Chief Technology Officer & Senior Vice President

President & Chief Executive Officer of Iraq, Kuwait & Levant

President & Chief Executive Officer, North East Africa

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Board of Directors

Chairman & Chief Executive Officer at General Electric Company

President & Chief Executive Officer at Loews Corp.

Co-Founder at Cognizant Technology Solutions Corporation

Founding Partner at Trian Fund Management LP

Chief Executive Officer at Qualcomm, Inc.

President & Chief Executive Officer at ConocoPhillips Holding Co.

President Emerita & Adviser at The Robert Wood Johnson Foundation

Co-Founder at Catholic Investment Services, Inc.

President at Board of Governors of The Federal Reserve System

President & Chief Executive Officer at Grameen America, Inc.

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Distinguished Alumni
Kevin P. Walsh is now Managing Director, Renewable Energy at GE Energy Financial Services, Inc.
Leigh E. Michl is now Chairman & Chief Executive Officer at Ultimus, Inc.
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General Electric Company
Owners & Shareholders
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Harris Associates uses a value investment philosophy in selecting equity and equity-like securities of U.S. and non-U.S. issuers. This investment philosophy is based upon the belief that, over time, a company’s stock price converges with the company’s intrinsic or true business value. The firm's investment philosophy spans across large, mid and small cap companies. In addition, in connection with certain investment strategies that have direct or indirect foreign currency exposure, Harris may hedge a client’s exposure to such currencies. The firm's discretionary investment advisory services include a variety of investment strategies from which clients may select. These strategies include U.S. equity, U.S. concentrated equity, U.S. mid cap equity, balanced, equity and income, global all cap equity, global equity, global concentrated equity, international equity, international small cap equity, and Japan equity. Harris also provides variations of certain of these strategies to accommodate, among other things, currency hedging or country exclusions. The firm also provides U.S. equity and balanced portfolios to private clients. In connection with their balanced and equity and income strategies, Harris provides investment advice regarding a wide range of debt securities issued by U.S. and non-U.S. governments, government-sponsored entities, municipalities, international agencies and corporations. The debt securities portion of the balanced and equity and income strategies should, in Harris’ opinion, complement the strategies’ equity holdings. Harris aims for preservation of capital and generation of income in the debt portion of the strategies. In general, Harris selects what they believe are debt securities of high quality (typically U.S. Treasury and Agency securities, non-U.S. government securities, or highly-rated municipal and corporate securities) and short-to-intermediate maturities. Harris may also invest in medium and lower-grade debt securities.

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Trian Fund Management typically invests in public companies with attractive business models that they believe trade significantly below intrinsic value primarily due to operating underperformance and/or under-management. The firm employs fundamental analysis, including equity valuation analysis and credit analysis. They seek to work with management and boards of directors to execute their strategic and operational initiatives designed to increase the long-term earnings power of the company. Trian Fund Management is an activist firm and is included in the SharkWatch50 as one the 50 most prominent activist investors.Trian’s Funds invest primarily in publicly-traded equity securities. However, they may also invest in a range of securities and instruments, including US and non-US equity and equity-related securities (including distressed investments), bonds, bank debt and other fixed income investments, futures, forward contracts, warrants, options, repurchase agreements, reverse repurchase agreements, bankruptcy and trade claims, swaps and other derivative instruments, currencies, commodities, money market securities and other cash equivalents. The Funds generally may take either long or short positions and most of the Funds may use leverage in connection with their activities. The Funds may also participate in going-private transactions and invest in privately-held companies.

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Franklin Advisers provides advisory services to a range of products and separate accounts which utilize various investment strategies including equity, fixed income, core/hybrid and multi-asset.The Franklin US Growth Equity strategies seek to provide long-term capital appreciation by investing in companies meeting the firm's criteria for growth, quality and valuation. Franklin Advisers utilizes bottom-up, fundamental analysis and focuses on high quality companies that can produce sustainable earnings and cash flow growth. They look for companies with potential for sustainable growth that is not already reflected in current stock prices. Strategies may focus on companies with a specific market-cap or on companies across all market-caps.Franklin Advisers offers actively managed fixed income strategies that emphasize rotation among different types of debt on a relative value basis; specific security selection; quantitative analysis of each security and the portfolio as a whole; and intensive credit analysis and review. Portfolios generally focus on one or more of the following: taxable and tax-exempt money market instruments; tax-exempt and taxable municipal securities; global fixed income securities; and taxable fixed income debt securities.The Franklin Core/Hybrid investment team employs bottom-up, fundamental analysis and seeks to exploit a fundamental view that differs from the market consensus regarding growth potential or valuation. They look for opportunities across asset classes including equities, fixed income and convertibles. The team also seeks to take advantage of price dislocations that result from the market's short-term focus.Franklin Advisers offers multi-asset strategies that utilize a combination of strategic, tactical and mandate research capabilities including global tactical asset allocation strategies, long-term strategic advisory mandates, packaged target date/target risk strategies, static allocation strategies and real return strategies.

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Recent Transactions
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Inspirata, Inc. purchases Omnyx LLC from General Electric Company

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GE Sweden Holdings AB, General Electric Company purchase Arcam AB from Elliott Management Corp., Polygon Global Partners LLP

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The Carlyle Group LP (Corporate Private Equity) purchases SBI Cards & Payment Services Pvt Ltd. from General Electric Company

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Transaction Clients
Investment Advisor

Advised on A & A Manufacturing Co., Inc. /Private Group purchases Dynatect Manufacturing, Inc. from Audax Private Equity

Lender

Advised on Acadia Healthcare Co. Inc. purchases Carevehicle 1 Ltd. from Cinven Group Ltd., The Royal Bank of Scotland Plc (Invt Mgmt)

Lender

Advised on AEP Industries Inc. purchases Atlantis Plastics, Inc. /Plastic Films Business from Atlantis Plastics, Inc.

Insider Transactions
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Transaction Advisors
Auditor

Advised onGeneral Electric Company issued Common Stock

Legal Advisor

Advised onComcast Corporation purchases NBCUniversal Media LLC from General Electric Company

Accountant

Advised onGeneral Electric Company, Leconport Estates, BT Group Plc purchase MEPC (1946) Ltd.

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Legal Advisor

Advised onComcast Corporation purchases NBCUniversal Media LLC from General Electric Company

Legal Advisor

Advised onGeneral Electric Company purchases Baker Hughes, a GE Co. LLC resulting in a new company Baker Hughes, a GE Co.

Legal Advisor

Advised onGeneral Electric Company purchases NBCUniversal Media LLC from Vivendi SA

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Advisors & Consultants
Advisor

Magellan International, L.P. is the adviser of choice among top professional services firms seeking guidance and counsel on talent acquisition. For over fifteen years, we have helped leading advisory services, management consulting, IT Services firms and Fortune 500 companies navigate the professional services talent pool. By acting as a trusted adviser to both clients and candidates, we leverage our deep experience to build long-standing relationships and facilitate executive level hires that are persistent.

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Legal Advisor

Partner at Jones Day

Legal Advisor

Partner at Jones Day

Advisor

Co-Head, Global Mergers & Acquisitions at Bank of America Merrill Lynch

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Clients

Las Vegas Sands Corp. owns, operates and manages casino gaming operations, resort hotel facilities and riverboat casinos. It develops destination properties that feature accommodations, world-class gaming, entertainment, retail, convention, exhibition facilities and celebrity chef restaurants. It operates through the following segments: The Venetian Macao; Sands Cotai Central; Four Seasons Macao; Sands Macao; Other Asia; Marina Bay Sands; The Venetian Las Vegas, which includes the Sands Expo Center; The Palazzo and Sands Bethlehem. The company was founded by Sheldon G. Adelson in 1988 and is headquartered in Las Vegas, NV.

Merck & Co., Inc. , d.b.a. Merck Sharp & Dohme, MSD outside the United States and Canada, is an American pharmaceutical company and is one of the largest pharmaceutical companies in the world.

Lockheed Martin Corp. engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following segments: Aeronautics, Missiles & Fire Control, Rotary & Mission Systems, and Space Systems. The Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies. The Missiles & Fire Control segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles, and energy management solutions. The Rotary & Mission Systems segment provides design, manufacture, service and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defense systems; radar systems; the Littoral Combat Ship (LCS); simulation and training services; and unmanned systems and technologies. The Space Systems segment engaged in the research and development, design, engineering and production of satellites, strategic and defensive missile systems and space transportation systems and it also provides network-enabled situational awareness and integrates complex global systems to help customers gather, analyze and securely distribute critical intelligence data. The company was founded in March 1995 and is headquartered in Bethesda, MD.

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Key Stats and Financials As of 2017
Market Capitalization
$125B
Total Enterprise Value
Earnings Per Share
$-0.72
Revenue
$120B
Net Profit
$-5.79B
Total Debt
$135B
Total Equity
$85.4B
Three Year Compounded Annual Growth Rate Of Revenue
-6.64%
Five Year Compounded Annual Growth Rate Of Revenue
-3.63%
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Non-Profit Donations & Grants
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Non-Profit Donations & Grants Received
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Political Donations
$2,000
2014
$1,000
2014
$1,000
2014
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Political Donations Received
$2,000
2014
$1,000
2014
$1,000
2014
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Investments
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Attivio, Inc. operates a software company, which specializes in enterprise search solutions and unified information access. Its products include data source discovery, search based applications, content analytics, data discovery for sportfire and data discovery for tableau. Attivio was founded by Ali I. Riaz, Sid Probstein, Rik Tamm-Daniels, Martin Serrano, William K. Johnson III and Andrew McKay in 2007 and is headquartered in Newton, MA.

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Genpact Global provides business services and technology solutions. The company services are divided into functional practices and industrial practices. Its industrial practices include banking, finance, insurance, manufacturing, transportation and automotive areas. The company functional practices include sales and marketing analytics, supply chain and aftermarket services, finance and accounting, information technology services, enterprise application services and program management. Genpact has offices in China, Mexico, Hungary, Romania and the United States. The company was founded by Pramod Bhasin in 1997 and is headquartered in Gurgaon, India.

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Mubadala Infrastructure Partners provides infrastructure investment and development services. It invests in greenfield and operating assets and projects in the power, water, utilities, social infrastructure, transportation, water, energy, and telecommunications infrastructure fields. The company was founded by Philip K. Haddad in 2008 and is headquartered in Abu Dhabi, United Arab Emirates.

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Suppliers
AAR Corp. Other Transportation | Wood Dale, IL

AAR is a leading provider of diverse products and services to the worldwide commercial aviation and government/defense industries. AAR combines a close-to-the-customer business model with a broad range of capabilities to help customers operate more efficiently, lower costs and maintain high levels of quality, safety and service. AAR is a financially stable, dedicated partner with an enduring commitment to innovation, execution, continuous improvement and customer value.

CECO Environmental Corp. Power & Utilities | Cincinnati, OH

CECO Environmental Corp. engages in the provision of engineering technology. It provides services in the field of environment, energy, fluid handling, and filtration. The company operates through the following segments: Environmental, Energy, and Fluid Handling & Filtration. The Environmental segment provides the design and manufacture of product recovery and air pollution control technologies that enable its customers to meet compliance targets to toxic emissions, fumes, volatile organic compounds, process and industrial odors such as cyclone systems, scrubbers, regenerative thermal and catalytic oxidizer, dust collectors and baghouses, standard and engineered industrial ducting, fabric filters, and cartridge collectors. The Energy segment provides solutions for the power and petrochemical industry such as gas turbine exhaust systems, dampers and diverters, gas and liquid separation and filtration equipment, selective catalytic reduction and selective non-catalytic reduction systems, acoustical components and silencers, and others. The Fluid Handling & Filtration segment provides the design and manufacture of pump, filtration and fume exhaust solutions such as centrifugal pumps for corrosive, abrasive, and high temperature liquids, filter products for air and liquid filtration, precious metal recovery systems, carbonate precipitators, and technologically advanced air movement and exhaust systems. The company was founded by Phillip DeZwirek in 1966 and is headquartered in Cincinnati, OH.

Esterline Technologies Corp. Electrical Products | Bellevue, WA

Esterline Technologies Corp. engages in the manufacture of aircraft parts and components, automated drilling products and machine tool systems. It operates through the following segments: Avionics & Controls; Sensors & Systems; and Advanced Materials. The Avionics & Controls segment includes avionics systems, control systems, interface technologies and communication systems capabilities. The Sensors & Systems segment includes power systems, connection technologies and advanced sensors capabilities. The Advanced Materials segment includes engineered materials and defense technologies capabilities. The company also develops and manufactures combustible ordnance and countermeasures for military applications. Esterline Technologies was founded in 1967 and is headquartered in Bellevue, WA.

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Competitors
Oracle Corp. Computer Software - Redwood City, CA

Oracle Corp. engages in the provision of products and services in the field of information technology. It operates through the following segments: Cloud and On-Premise Software, Hardware, and Services. The Cloud and On-Premise Software segment markets, sells, and delivers applications, platform, and infrastructure technologies. The Hardware segment comprises of hardware products and hardware-related software products including Oracle Engineered Systems, servers, storage, industry-specific hardware, virtualization software, operating systems, management software, and related hardware services including hardware support. The Services segment comprises of consulting services, advanced support services, and education services. The company was founded on June 16, 1977 by Lawrence Joseph Ellison, Robert Nimrod Miner and Edward A. Oates and is headquartered in Redwood City, CA.

SoftBank Group Corp. Wireless Telecommunications - Tokyo, TY

SoftBank Group Corp. is a holding company that engages in the management of its group companies which provides information technology and telecommunication services. It operates through the following segments: Domestic Telecommunications, Sprint, Yahoo Japan, Distribution, Arm, SoftBank Vision Fund (SFV), and Others. The Domestic Telecommunications segment provides mobile communication, broadband, and telecom services in Japan. The Sprint segment provides mobile communication services in the United States. It also sells and leases mobile devices. The Yahoo Japan segment engages internet advertising, e-commerce, and membership services. The Distribution segment distributes mobile devices overseas. It also sells personal computer (PC) software, peripherals, and mobile devices accessories in Japan. The Arm segment designs microprocessors, physical intellectual property and related technology and software. The SFV segment manages investment activities through the SoftBank Vision Fund. The Others segment includes robotics and the Fukuoka SoftBank HAWKS related business. The company was founded by Masayoshi Son on September 3, 1981 and is headquartered in Tokyo, Japan.

AT&T, Inc. Wireless Telecommunications - Dallas, TX

AT&T, Inc. is a holding company, which engages in the provision of telecommunications and digital entertainment services. It operates through the following segments: Business Solutions, Entertainment Group, Consumer Mobility, and International. The Business Solutions segment includes wired and wireless services to customers who purchased through employer-sponsored plans. The Entertainment Group segment offers video, Internet, and voice communication services through satellite technology and wired network. The Consumer Mobility segment consists of voice, data, and home monitoring activities. The International segment provides video entertainment and wireless services in Latin America and Mexico. The company was founded in 1983 and is headquartered in Dallas, TX.

Awards & Honors
Rank #11
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #11
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine