|
Item 9.01
|
Financial Statements and Exhibits
|
99.1 Press release, dated June 8, 2021 issued by GE.
99.2 Press release, dated June 8, 2021 issued by GE.
104 The cover page from
this Current Report on Form 8-K, formatted in Inline XBRL.
This document contains a number of forward-looking statements. Words,
and variations of words, such as “expect,” “anticipate,” “intend,” “plan,” “believe,”
“seek,” “see,” “will,” “would,” “estimate,” “forecast,” “target,”
“preliminary,” or “range,” and similar expressions are intended to identify these forward-looking statements,
including but not limited to statements about: the expected timing, size or other terms of each Tender Offer; our ability to complete
each Tender Offer; impacts of the COVID-19 pandemic on our business operations, financial results and financial position and on the world
economy; our expected financial performance, including cash flows, revenues, organic growth, margins, earnings and earnings per share;
macroeconomic and market conditions and volatility; planned and potential business or asset dispositions, including our plan to combine
our GE Capital Aviation Services (“GECAS”) business with AerCap Holdings N.V. (“AerCap”); our de-leveraging plans,
including leverage ratios and targets, the timing and nature of specific actions to reduce indebtedness and our credit ratings and outlooks;
GE Capital Global Holdings, LLC (“GE Capital Global Holdings”)’s and our funding and liquidity; our businesses’
cost structures and plans to reduce costs; restructuring, goodwill impairment or other financial charges; or tax rates.
For us, particular uncertainties that could cause our actual results
to be materially different than those expressed in our forward-looking statements include, but are not limited to: the continuing severity,
magnitude and duration of the COVID-19 pandemic, including impacts of the pandemic, of businesses’ and governments’ responses
to the pandemic and of individual factors such as aviation passenger confidence on our operations and personnel, and on commercial activity
and demand across our and our customers’ businesses, and on global supply chains; the extent to which the COVID-19 pandemic and
related impacts will continue to adversely impact our business operations, financial performance, results of operations, financial position,
the prices of our securities and the achievement of our strategic objectives; our success in executing and completing asset dispositions
or other transactions, including our plan to combine our GECAS business with AerCap and our plan to exit our equity ownership position
in Baker Hughes, the timing of closing for such transactions, the ability to secure regulatory approvals and satisfy other closing conditions
(as applicable), and the expected proceeds, consideration and benefits to GE; changes in macroeconomic and market conditions and market
volatility (including developments and volatility arising from the COVID-19 pandemic), including interest rates, the value of securities
and other financial assets (including our equity ownership position in Baker Hughes and the equity ownership position that we will hold
in AerCap after completing our announced plan to combine GECAS with AerCap), oil, natural gas and other commodity prices and exchange
rates, and the impact of such changes and volatility on our financial position and businesses; our de-leveraging and capital allocation
plans, including with respect to actions to reduce our indebtedness, the timing and amount of our dividends, organic investments, and
other priorities; further downgrades of our current short- and long-term credit ratings or ratings outlooks, or changes in rating application
or methodology, and the related impact on our liquidity, funding profile, costs and competitive position; GE’s liquidity and the
amount and timing of our GE industrial cash flows and earnings, which may be impacted by customer, supplier, competitive, contractual
and other dynamics and conditions; GE Capital Global Holdings’ capital and liquidity needs, including in connection
2
with GE Capital
Global Holdings’ run-off insurance operations and discontinued operations such as Bank BPH, the amount and timing of any required
capital contributions and any strategic actions that we may pursue; the impact of conditions in the financial and credit markets on GE
Capital Global Holdings’ ability to sell financial assets; the availability and cost of funding; and GE Capital Global Holdings’
exposure to particular counterparties and markets, including through GECAS to the aviation sector and adverse impacts related to COVID-19;
global economic trends, competition and geopolitical risks, including changes in the rates of investment or economic growth in key markets
we serve, or an escalation of sanctions, tariffs or other trade tensions between the U.S. and China or other countries, and related impacts
on our businesses’ global supply chains and strategies; market developments or customer actions that may affect levels of demand
and the financial performance of the major industries and customers we serve, such as secular, cyclical and competitive pressures in our
Power business, pricing and other pressures in the renewable energy market, levels of demand for air travel and other dynamics related
to the COVID-19 pandemic, conditions in key geographic markets and other shifts in the competitive landscape for our products and services;
operational execution by our businesses, including the operations and execution of our Power and Renewable Energy businesses, and the
performance of our Aviation business; changes in law, regulation or policy that may affect our businesses, such as trade policy and tariffs,
regulation related to climate change, and the effects of tax law changes; our decisions about investments in new products, services and
platforms, and our ability to launch new products in a cost-effective manner; our ability to increase margins through implementation of
operational changes, restructuring and other cost reduction measures; the impact of regulation and regulatory, investigative and legal
proceedings and legal compliance risks, including the impact of Alstom and other investigative and legal proceedings; the impact of actual
or potential failures of our products or third-party products with which our products are integrated, and related reputational effects;
the impact of potential information technology, cybersecurity or data security breaches at GE or third parties; and the other factors
that are described in “Risk Factors” in our Quarterly Report on Form 10-Q for the quarter ended March 31, 2021, filed with
the SEC on April 27, 2021, and our Annual Report on Form 10-K for the year ended December 31, 2020, filed with the SEC on February 12,
2021, as such descriptions may be updated or amended in any future reports we file with the SEC.
There may be other factors not presently known to us or which we
currently consider to be immaterial that could cause our actual results to differ materially from those projected in any forward-looking
statements we make. We disclaim and do not undertake any obligation to update or revise any forward-looking statement in this document
except as required by applicable law or regulation.
3