General Electric reported GE Capital Q2/17 segment earnings from GE Capital Aviation Services, Energy Financial Services and Industrial Finance Verticals were $369 million, $113 million and $123 million, respectively. The total of $605 million was up 6.7% from $567 million for the same quarter in 2016.
In terms of share, GECAS represented 61.0% of the total with EFS and IF reflecting 18.7% and 28.3%, respectively.
The report also showed GE Capital segment assets which encompasses the “verticals” (GECAS, EFS and IF) as well as “other” plus “assets of discontinued operations.” The Q2/17 total of $160.5 billion compared to $219.4 billion in Q2/16. Of the $160.5 billion, $75.8 billion or 47.2% was identified as encompassing GECAS, EFS and IF with assets of $39.9 billion (52.6%), $11.0 billion (14.5%) and $24.9 billion (32.9%), respectively. The balance of $84.7 billion was identified as “other” ($36.3 billion), “other continuing operations” ($40.5 billion) and “assets of discontinued operations” ($7.9 billion), the last of which was down 84.2% from a year earlier ($49.9 billion).
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