Immelt revealed then that they’d sold 279 gas turbines to U.S. customers in 2000, but sold only 3 in 2012, but didn’t seem worried. He said that was due to a declining U.S. energy market, and a power bubble from 1999 to 2000, adding that GE retained its market share.



Here’s an infographic illustrating GE’s global reach. In 2012, it earned over $1 billion in 18 countries. Their research and development spending has been upped from 2 percent a decade ago, to five percent now, said the company.



GE Grows Its Global Footprint, GE Website Jan 17 2014 GE Grows Its Global Footprint, GE Website Jan 17 2014 Photo: GE Company Website



GE also reported fourth quarter and full year earnings on Friday morning, showing strong growth in its industrial businesses. The company has worked to boost industrial sales recently, and to slim down its significant reliance on its financial services arm, GE Capital. They reported 13 percent more orders in growth markets, relative to 3 percent rise in European orders, and led by a significant 25 percent sales boost in China.



“We are increasingly constructive on GE’s fundamentals, particularly as its industrial earnings (aided by robust operating margin improvement) begin to solidly outgrow the earnings of GE Capital until 2016,” wrote William Blair & Co industrial analyst Nick Heymann in an update on Friday, following earnings.



In its 2012 annual report, GE said it invests more than $10 billion each year to launch new products and build global capacity.



Notably, the company is highly vulnerable to the global economic climate, where shifts in its industrial end-markets for its infrastructure and equipment can affect demand and pricing for its products. Its power and water business fared badly in 2012 on these grounds.



GE targeted countries rich in natural resources in 2012, the company noted in its annual report. Its ability to deliver mining, transportation and energy equipment and leverage its sheer size has been key.



The company’s non-U.S. revenues were 57 percent of total revenue, excluding GE Capital, in 2012. They file over 5900 income tax returns in over 250 tax jurisdictions. The company also likes to make global acquisitions. 



GE Geographic Revenues, 2012, GE 2012 Annual Report GE Geographic Revenues, 2012, GE 2012 Annual Report Photo: GE 2012 Annual Report



Here are more details from a May 2012 presentation at a UBS conference in London.



GE's Global Growth 2006-2011, May 4 2012 Company Presentation at UBS London Conference GE's Global Growth 2006-2011, May 4 2012 Company Presentation at UBS London Conference Photo: May 4 2012 Company Presentation at UBS London Conference