10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2016 | |||
Statement of Earnings | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 24, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Statement of Earnings | |||
| Revenues and other income | |||
| Sales of goods | $ 75,414 | 74,510 | 76,568 |
| Sales of services | 34,976 | 31,298 | 30,190 |
| Other income (Note 17) | 4,005 | 2,227 | 778 |
| GE Capital earnings (loss) from continuing operations | 0 | 0 | 0 |
| GE Capital revenues from services | 9,297 | 9,350 | 9,648 |
| Total revenues and other income | 123,693 | 117,386 | 117,184 |
| Costs and expenses (Note 27) | |||
| Cost of goods sold | 62,440 | 59,905 | 61,257 |
| Cost of services sold | 25,043 | 22,788 | 22,447 |
| Selling, general and administrative expenses | 18,377 | 17,831 | 16,848 |
| Interest and other financial charges | 5,025 | 3,463 | 2,723 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,797 | 2,605 | 2,530 |
| Other costs and expenses | 982 | 2,608 | 1,115 |
| Total costs and expenses | 114,663 | 109,200 | 106,921 |
| Earnings (loss) from continuing operations before income taxes | 9,030 | 8,186 | 10,263 |
| Benefit (provision) for income taxes (Note 14) | 464 | (6,485) | (773) |
| Earnings (loss) from continuing operations | 9,494 | 1,700 | 9,490 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (954) | (7,495) | 5,855 |
| Net earnings (loss) | 8,540 | (5,795) | 15,345 |
| Less net earnings (loss) attributable to noncontrolling interests | (291) | 332 | 112 |
| Net earnings (loss) attributable to the Company | 8,831 | (6,126) | 15,233 |
| Preferred stock dividends | (656) | (18) | 0 |
| Net earnings (loss) attributable to GE common shareowners | 8,176 | (6,145) | 15,233 |
| Amounts attributable to GE common shareowners | |||
| Earnings (loss) from continuing operations | 9,494 | 1,700 | 9,490 |
| Less net earnings (loss) from continuing operations, attributable to noncontrolling interests | (290) | 19 | (45) |
| Earnings (loss) from continuing operations attributable to the Company | 9,784 | 1,681 | 9,535 |
| Preferred stock dividends | (656) | (18) | 0 |
| Net earnings (loss) from continuing operations attributable to GE common shareowners | 9,128 | 1,663 | 9,535 |
| Earnings (loss) from discontinued operations, net of taxes | (954) | (7,495) | 5,855 |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | (1) | 312 | 157 |
| Net earnings (loss) attributable to GE common shareowners | 8,176 | (6,145) | 15,233 |
| Per share amounts | |||
| Earnings From Continuing Operations Per Share (Note 18) | |||
| Diluted earnings (loss) per share | 1.00 | 0.17 | 0.94 |
| Basic earnings (loss) per share | 1.01 | 0.17 | 0.95 |
| Net earnings | |||
| Diluted earnings (loss) per share | 0.89 | (0.61) | 1.50 |
| Basic earnings (loss) per share | 0.90 | (0.62) | 1.51 |
| Dividends declared per common share | 0.93 | 0.92 | 0.89 |
| Legal Entity | |||
| GE | |||
| Sales of goods | 75,580 | 74,565 | 76,715 |
| Sales of services | 35,255 | 31,641 | 30,594 |
| Other income (Note 17) | 4,092 | 2,165 | 707 |
| GE Capital earnings (loss) from continuing operations | (1,251) | (7,672) | 1,532 |
| GE Capital revenues from services | 0 | 0 | 0 |
| Total revenues and other income | 113,676 | 100,700 | 109,546 |
| Cost of goods sold | 62,628 | 59,970 | 61,420 |
| Cost of services sold | 23,084 | 20,858 | 20,456 |
| Selling, general and administrative expenses | 16,123 | 14,914 | 14,972 |
| Interest and other financial charges | 2,026 | 1,706 | 1,579 |
| Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
| Other costs and expenses | 0 | 0 | 0 |
| Total costs and expenses | 103,860 | 97,447 | 98,427 |
| Earnings (loss) from continuing operations before income taxes | 9,815 | 3,252 | 11,119 |
| Benefit (provision) for income taxes (Note 14) | (967) | (1,506) | (1,634) |
| Earnings (loss) from continuing operations | 8,849 | 1,746 | 9,485 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (952) | (7,807) | 5,698 |
| Net earnings (loss) | 7,896 | (6,061) | 15,182 |
| Less net earnings (loss) attributable to noncontrolling interests | (279) | 83 | (50) |
| Net earnings (loss) attributable to the Company | 8,176 | (6,145) | 15,233 |
| Preferred stock dividends | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | 8,176 | (6,145) | 15,233 |
| Earnings (loss) from continuing operations | 8,849 | 1,746 | 9,485 |
| Less net earnings (loss) from continuing operations, attributable to noncontrolling interests | (279) | 83 | (50) |
| Earnings (loss) from continuing operations attributable to the Company | 9,128 | 1,663 | 9,535 |
| Preferred stock dividends | 0 | 0 | 0 |
| Net earnings (loss) from continuing operations attributable to GE common shareowners | 9,128 | 1,663 | 9,535 |
| Earnings (loss) from discontinued operations, net of taxes | (952) | (7,807) | 5,698 |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | 8,176 | (6,145) | 15,233 |
| GE Capital | |||
| Sales of goods | 115 | 79 | 121 |
| Sales of services | 0 | 0 | 0 |
| Other income (Note 17) | 0 | 0 | 0 |
| GE Capital earnings (loss) from continuing operations | 0 | 0 | 0 |
| GE Capital revenues from services | 10,790 | 10,722 | 11,199 |
| Total revenues and other income | 10,905 | 10,801 | 11,320 |
| Cost of goods sold | 93 | 69 | 104 |
| Cost of services sold | 2,238 | 2,273 | 2,394 |
| Selling, general and administrative expenses | 2,947 | 3,512 | 2,689 |
| Interest and other financial charges | 3,790 | 2,301 | 1,638 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,861 | 2,737 | 2,660 |
| Other costs and expenses | 1,013 | 2,647 | 1,159 |
| Total costs and expenses | 12,942 | 13,539 | 10,645 |
| Earnings (loss) from continuing operations before income taxes | (2,037) | (2,739) | 676 |
| Benefit (provision) for income taxes (Note 14) | 1,431 | 4,979 | (861) |
| Earnings (loss) from continuing operations | (606) | (7,718) | 1,537 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (954) | (7,485) | 5,860 |
| Net earnings (loss) | (1,560) | (15,202) | 7,397 |
| Less net earnings (loss) attributable to noncontrolling interests | (12) | 248 | 162 |
| Net earnings (loss) attributable to the Company | (1,548) | (15,450) | 7,234 |
| Preferred stock dividends | (656) | (330) | (322) |
| Net earnings (loss) attributable to GE common shareowners | (2,204) | (15,780) | 6,912 |
| Earnings (loss) from continuing operations | (606) | (7,718) | 1,537 |
| Less net earnings (loss) from continuing operations, attributable to noncontrolling interests | (10) | (64) | 5 |
| Earnings (loss) from continuing operations attributable to the Company | (595) | (7,654) | 1,532 |
| Preferred stock dividends | (656) | (330) | (322) |
| Net earnings (loss) from continuing operations attributable to GE common shareowners | (1,251) | (7,983) | 1,209 |
| Earnings (loss) from discontinued operations, net of taxes | (954) | (7,485) | 5,860 |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | (1) | 312 | 157 |
| Net earnings (loss) attributable to GE common shareowners | (2,204) | (15,780) | 6,912 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2016 | |||
Consolidated Statement of Comprehensive Income (Loss) | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 24, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net earnings (loss) | $ 8,540 | (5,795) | 15,345 |
| Less net earnings (loss) attributable to noncontrolling interests | (291) | 332 | 112 |
| Net earnings (loss) attributable to the Company | 8,831 | (6,126) | 15,233 |
| Other comprehensive income (loss) | |||
| Investment securities | 203 | (553) | 708 |
| Currency translation adjustments | (1,311) | (3,137) | (2,730) |
| Cash flow hedges | 93 | 99 | 234 |
| Benefit plans | (1,068) | 5,165 | (7,278) |
| Other comprehensive income (loss) | (2,083) | 1,575 | (9,066) |
| Less Other comprehensive income (loss) attributable to noncontrolling interests | (14) | (69) | (13) |
| Other comprehensive income (loss) attributable to the Company | (2,069) | 1,644 | (9,053) |
| Comprehensive income (loss) | 6,457 | (4,220) | 6,278 |
| Less Comprehensive income (loss) attributable to noncontrolling interests | (305) | 263 | 99 |
| Comprehensive income (loss) attributable to the Company | 6,762 | (4,483) | 6,180 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2016 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 24, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows - operating activities | |||
| Net earnings (loss) | $ 8,540 | (5,795) | 15,345 |
| Less net earnings (loss) attributable to noncontrolling interests | (291) | 332 | 112 |
| Net earnings (loss) attributable to the Company | 8,831 | (6,126) | 15,233 |
| (Earnings) loss from discontinued operations | 954 | 7,495 | (5,855) |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 4,997 | 4,847 | 4,953 |
| Earnings from continuing operations retained by GE Capital | 0 | 0 | 0 |
| Deferred income taxes | 814 | 383 | (882) |
| Decrease (increase) in GE current receivables | 1,514 | (52) | (1,913) |
| Decrease (increase) in inventories | (1,389) | (314) | (872) |
| Increase (decrease) in accounts payable | 1,198 | (541) | 565 |
| Increase (decrease) in GE progress collections | 1,836 | (996) | (515) |
| All other operating activities | (12,655) | 7,160 | 5,318 |
| Cash from (used for) operating activities - continuing operations | 6,099 | 11,856 | 16,033 |
| Cash from (used for) operating activities - discontinued operations | (6,343) | 8,034 | 11,676 |
| Cash from (used for) operating activities | (244) | 19,891 | 27,709 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (7,199) | (7,309) | (7,134) |
| Dispositions of property, plant and equipment | 4,424 | 3,020 | 2,923 |
| Net decrease (increase) in GE Capital financing receivables | 200 | 1,043 | 1,260 |
| Proceeds from sale of discontinued operations | 59,890 | 79,615 | 232 |
| Proceeds from principal business dispositions | 5,357 | 2,283 | 630 |
| Net cash from (payments for) principal businesses purchased | (2,271) | (12,027) | (2,091) |
| All other investing activities | 2,212 | (5,013) | 23,410 |
| Cash from (used for) investing activities - continuing operations | 62,613 | 61,613 | 19,229 |
| Cash from (used for) investing activities - discontinued operations | (13,412) | (2,125) | (24,263) |
| Cash from (used for) investing activities | 49,202 | 59,488 | (5,034) |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (1,135) | (24,459) | (6,409) |
| Newly issued debt (maturities longer than 90 days) | 1,492 | 13,951 | 14,629 |
| Repayments and other debt reductions (maturities longer than 90 days) | (58,768) | (47,038) | (38,410) |
| Proceeds from issuance of GE Capital preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | (21,429) | (1,099) | (1,218) |
| Dividends paid to shareowners | (8,806) | (9,295) | (8,852) |
| All other financing activities | (1,274) | (1,605) | (652) |
| Cash from (used for) financing activities - continuing operations | (89,920) | (69,547) | (40,912) |
| Cash from (used for) financing activities - discontinued operations | 789 | (6,507) | 23,956 |
| Cash from (used for) financing activities | (89,131) | (76,054) | (16,956) |
| Effect of currency exchange rate changes on cash and equivalents | (1,146) | (3,464) | (3,492) |
| Increase (decrease) in cash and equivalents | (41,319) | (138) | 2,224 |
| Cash and equivalents at beginning of year | 90,879 | 91,017 | 88,792 |
| Cash and equivalents at December 31 | 49,558 | 90,879 | 91,017 |
| Less cash and equivalents of discontinued operations at December 31 | 1,429 | 20,395 | 20,991 |
| Cash and equivalents of continuing operations at December 31 | 48,129 | 70,483 | 70,025 |
| Cash paid during the year for interest | (5,779) | (8,764) | (9,539) |
| Cash recovered (paid) during the year for income taxes | (7,469) | (2,486) | (2,955) |
| Legal Entity | |||
| GE | |||
| Net earnings (loss) | 7,896 | (6,061) | 15,182 |
| Less net earnings (loss) attributable to noncontrolling interests | (279) | 83 | (50) |
| Net earnings (loss) attributable to the Company | 8,176 | (6,145) | 15,233 |
| (Earnings) loss from discontinued operations | 952 | 7,807 | (5,698) |
| Depreciation and amortization of property, plant and equipment | 2,597 | 2,473 | 2,508 |
| Earnings from continuing operations retained by GE Capital | 21,345 | 12,284 | 1,625 |
| Deferred income taxes | 1,107 | (1,800) | (476) |
| Decrease (increase) in GE current receivables | 929 | 666 | (473) |
| Decrease (increase) in inventories | (1,337) | (282) | (877) |
| Increase (decrease) in accounts payable | 1,716 | 276 | 884 |
| Increase (decrease) in GE progress collections | 1,913 | (1,010) | (528) |
| All other operating activities | (7,438) | 2,083 | 2,973 |
| Cash from (used for) operating activities - continuing operations | 29,960 | 16,354 | 15,171 |
| Cash from (used for) operating activities - discontinued operations | (90) | (12) | (2) |
| Cash from (used for) operating activities | 29,870 | 16,342 | 15,169 |
| Additions to property, plant and equipment | (3,758) | (3,785) | (3,970) |
| Dispositions of property, plant and equipment | 1,080 | 939 | 615 |
| Net decrease (increase) in GE Capital financing receivables | 0 | 0 | 0 |
| Proceeds from sale of discontinued operations | 0 | 0 | 0 |
| Proceeds from principal business dispositions | 5,357 | 1,725 | 602 |
| Net cash from (payments for) principal businesses purchased | (2,271) | (10,350) | (2,091) |
| All other investing activities | (2,392) | (1,308) | (1,062) |
| Cash from (used for) investing activities - continuing operations | (1,984) | (12,779) | (5,906) |
| Cash from (used for) investing activities - discontinued operations | 90 | 12 | 2 |
| Cash from (used for) investing activities | (1,894) | (12,767) | (5,905) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 1,595 | 603 | 243 |
| Newly issued debt (maturities longer than 90 days) | 5,307 | 3,560 | 3,084 |
| Repayments and other debt reductions (maturities longer than 90 days) | (4,156) | (2,190) | (323) |
| Proceeds from issuance of GE Capital preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | (21,429) | (1,099) | (1,218) |
| Dividends paid to shareowners | (8,474) | (9,289) | (8,851) |
| All other financing activities | (273) | 203 | 346 |
| Cash from (used for) financing activities - continuing operations | (27,430) | (8,211) | (6,719) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | (27,430) | (8,211) | (6,719) |
| Effect of currency exchange rate changes on cash and equivalents | (392) | (908) | (312) |
| Increase (decrease) in cash and equivalents | 153 | (5,544) | 2,234 |
| Cash and equivalents at beginning of year | 10,525 | 15,916 | 13,682 |
| Cash and equivalents at December 31 | 10,525 | 15,916 | 13,682 |
| Less cash and equivalents of discontinued operations at December 31 | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at December 31 | 10,525 | 10,372 | 15,916 |
| Cash paid during the year for interest | (1,753) | (1,327) | (1,248) |
| Cash recovered (paid) during the year for income taxes | (2,612) | (1,636) | (1,337) |
| GE Capital | |||
| Net earnings (loss) | (1,560) | (15,202) | 7,397 |
| Less net earnings (loss) attributable to noncontrolling interests | (12) | 248 | 162 |
| Net earnings (loss) attributable to the Company | (1,548) | (15,450) | 7,234 |
| (Earnings) loss from discontinued operations | 954 | 7,485 | (5,860) |
| Depreciation and amortization of property, plant and equipment | 2,384 | 2,436 | 2,529 |
| Earnings from continuing operations retained by GE Capital | 0 | 0 | 0 |
| Deferred income taxes | (293) | 2,183 | (406) |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | (10) | (14) | 27 |
| Increase (decrease) in accounts payable | 17 | (189) | 258 |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| All other operating activities | (3,054) | 5,087 | 2,480 |
| Cash from (used for) operating activities - continuing operations | (1,552) | 1,537 | 6,263 |
| Cash from (used for) operating activities - discontinued operations | (6,253) | 8,046 | 11,678 |
| Cash from (used for) operating activities | (7,805) | 9,583 | 17,941 |
| Additions to property, plant and equipment | (3,769) | (4,237) | (3,818) |
| Dispositions of property, plant and equipment | 3,637 | 2,526 | 2,331 |
| Net decrease (increase) in GE Capital financing receivables | (1,279) | 226 | (161) |
| Proceeds from sale of discontinued operations | 59,890 | 79,615 | 232 |
| Proceeds from principal business dispositions | 0 | 532 | 0 |
| Net cash from (payments for) principal businesses purchased | 0 | (1,677) | 0 |
| All other investing activities | 1,639 | (4,690) | 24,574 |
| Cash from (used for) investing activities - continuing operations | 60,118 | 72,295 | 23,158 |
| Cash from (used for) investing activities - discontinued operations | (13,501) | (2,137) | (24,263) |
| Cash from (used for) investing activities | 46,617 | 70,158 | (1,105) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (1,655) | (24,834) | (7,078) |
| Newly issued debt (maturities longer than 90 days) | 1,174 | 10,391 | 11,545 |
| Repayments and other debt reductions (maturities longer than 90 days) | (58,285) | (44,848) | (38,087) |
| Proceeds from issuance of GE Capital preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | (20,427) | (4,620) | (3,322) |
| All other financing activities | (1,127) | (1,362) | (679) |
| Cash from (used for) financing activities - continuing operations | (80,320) | (65,273) | (37,621) |
| Cash from (used for) financing activities - discontinued operations | 789 | (6,507) | 23,956 |
| Cash from (used for) financing activities | (79,531) | (71,780) | (13,665) |
| Effect of currency exchange rate changes on cash and equivalents | (754) | (2,556) | (3,180) |
| Increase (decrease) in cash and equivalents | (41,473) | 5,406 | (9) |
| Cash and equivalents at beginning of year | 39,033 | 75,100 | 75,109 |
| Cash and equivalents at December 31 | 39,033 | 75,100 | 75,109 |
| Less cash and equivalents of discontinued operations at December 31 | 1,429 | 20,395 | 20,991 |
| Cash and equivalents of continuing operations at December 31 | 37,604 | 60,111 | 54,109 |
| Cash paid during the year for interest | (4,982) | (8,047) | (8,910) |
| Cash recovered (paid) during the year for income taxes | (4,857) | (850) | (1,618) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GENERAL ELECTRIC CO | ||
Ticker: GE Fiscal Year: 2016 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 24, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Cash and equivalents | $ 48,129 | 70,483 |
| Investment securities (Note 3) | 44,313 | 31,973 |
| Current receivables (Note 4) | 24,076 | 27,022 |
| Inventories (Note 5) | 22,354 | 22,515 |
| Financing receivables - net (Note 6) | 12,242 | 12,052 |
| Other GE Capital receivables | 5,944 | 6,782 |
| Property, plant and equipment - net (Note 7) | 50,518 | 54,095 |
| Receivables from GE Capital (debt assumption) | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 70,438 | 65,526 |
| Other intangible assets - net (Note 8) | 16,436 | 17,797 |
| Contract assets (Note 9) | 25,162 | 21,156 |
| All other assets (Note 9) | 27,176 | 36,797 |
| Deferred income taxes (Note 14) | 1,833 | 3,105 |
| Assets of businesses held for sale (Note 2) | 1,745 | 2,818 |
| Assets of discontinued operations (Note 2) | 14,815 | 120,951 |
| Total assets | 365,183 | 493,071 [1] |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 30,714 | 49,860 |
| Accounts payable, principally trade accounts | 14,435 | 13,680 |
| Progress collections and price adjustments accrued | 16,760 | 15,776 |
| Dividends payable | 2,107 | 2,167 |
| Other GE current liabilities | 17,564 | 23,597 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 417 | 3,083 |
| Long-term borrowings (Note 10) | 105,080 | 144,659 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 26,086 | 25,692 |
| Non-current compensation and benefits | 43,780 | 40,487 |
| All other liabilities (Note 13) | 22,912 | 23,611 |
| Liabilities of businesses held for sale (Note 2) | 656 | 861 |
| Liabilities of discontinued operations (Note 2) | 4,158 | 46,487 |
| Total liabilities | 284,668 | 389,961 |
| Redeemable noncontrolling interest (Note 15) | 3,025 | 2,972 |
| Preferred stock value (5,944,250 shares outstanding at December 31, 2016 and December 31, 2015) | 6 | 6 |
| Common stock (8,742,614,000 and 9,379,288,000 shares outstanding at December 31, 2016 and December 31, 2015, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) - attributable to GE(b) | ||
| Investment securities | 674 | 460 [2] |
| Currency translation adjustments | (6,816) | (5,499) |
| Cash flow hedges | 12 | (80) |
| Benefit plans | (12,469) | (11,410) |
| Other capital | 37,224 | 37,613 |
| Retained earnings | 139,532 | 140,020 |
| Less common stock held in treasury | (83,038) | (63,539) |
| Total GE shareowners' equity | 75,828 | 98,274 |
| Noncontrolling interests (Note 15) | 1,663 [3] | 1,864 |
| Total equity (Note 15) | 77,491 | 100,138 |
| Total liabilities, redeemable noncontrolling interests and equity | 365,183 | 493,071 |
| Legal Entity | ||
| GE | ||
| Cash and equivalents | 10,525 [4] | 10,372 |
| Investment securities (Note 3) | 137 | 151 |
| Current receivables (Note 4) | 12,715 | 14,707 |
| Inventories (Note 5) | 22,263 | 22,449 |
| Financing receivables - net (Note 6) | 0 | 0 |
| Other GE Capital receivables | 0 | 0 |
| Property, plant and equipment - net (Note 7) | 19,103 | 20,145 |
| Receivables from GE Capital (debt assumption) | 58,780 | 84,704 |
| Investment in GE Capital | 24,677 | 46,227 |
| Goodwill (Note 8) | 68,070 | 63,157 |
| Other intangible assets - net (Note 8) | 16,131 | 17,365 |
| Contract assets (Note 9) | 25,162 | 21,156 |
| All other assets (Note 9) | 12,007 | 12,813 |
| Deferred income taxes (Note 14) | 6,666 | 7,666 |
| Assets of businesses held for sale (Note 2) | 1,629 | 2,818 |
| Assets of discontinued operations (Note 2) | 9 | 9 |
| Total assets | 277,874 | 323,737 |
| Short-term borrowings (Note 10) | 20,482 [5] | 19,792 |
| Accounts payable, principally trade accounts | 20,876 | 19,250 |
| Progress collections and price adjustments accrued | 16,838 | 15,776 |
| Dividends payable | 2,107 | 2,167 |
| Other GE current liabilities | 17,564 | 23,595 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 58,810 | 83,309 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| Non-current compensation and benefits | 42,770 | 39,472 |
| All other liabilities (Note 13) | 17,506 | 16,217 |
| Liabilities of businesses held for sale (Note 2) | 656 | 1,409 |
| Liabilities of discontinued operations (Note 2) | 35 | 128 |
| Total liabilities | 197,644 | 221,115 |
| Redeemable noncontrolling interest (Note 15) | 3,025 | 2,972 |
| Preferred stock value (5,944,250 shares outstanding at December 31, 2016 and December 31, 2015) | 6 | 6 |
| Common stock (8,742,614,000 and 9,379,288,000 shares outstanding at December 31, 2016 and December 31, 2015, respectively) | 702 | 702 |
| Investment securities | 674 | 460 |
| Currency translation adjustments | (6,816) | (5,499) |
| Cash flow hedges | 12 | (80) |
| Benefit plans | (12,469) | (11,410) |
| Other capital | 37,224 | 37,613 |
| Retained earnings | 139,532 | 140,020 |
| Less common stock held in treasury | (83,038) | (63,539) |
| Total GE shareowners' equity | 75,828 | 98,274 |
| Noncontrolling interests (Note 15) | 1,378 | 1,378 |
| Total equity (Note 15) | 77,205 | 99,651 |
| Total liabilities, redeemable noncontrolling interests and equity | 277,874 | 323,737 |
| GE Capital | ||
| Cash and equivalents | 37,604 | 60,111 |
| Investment securities (Note 3) | 44,180 | 31,827 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 91 | 66 |
| Financing receivables - net (Note 6) | 26,041 | 25,003 |
| Other GE Capital receivables | 15,576 | 15,455 |
| Property, plant and equipment - net (Note 7) | 32,225 | 34,781 |
| Receivables from GE Capital (debt assumption) | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 2,368 | 2,370 |
| Other intangible assets - net (Note 8) | 305 | 435 |
| Contract assets (Note 9) | 0 | 0 |
| All other assets (Note 9) | 14,608 | 25,081 |
| Deferred income taxes (Note 14) | (4,833) | (4,561) |
| Assets of businesses held for sale (Note 2) | 0 | 0 |
| Assets of discontinued operations (Note 2) | 14,806 | 120,942 |
| Total assets | 182,970 | 311,508 |
| Short-term borrowings (Note 10) | 23,443 | 48,617 |
| Accounts payable, principally trade accounts | 1,605 | 1,745 |
| Progress collections and price adjustments accrued | 0 | 0 |
| Dividends payable | 0 | 0 |
| Other GE current liabilities | 0 | 0 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 417 | 3,083 |
| Long-term borrowings (Note 10) | 93,443 | 128,478 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 26,546 | 26,155 |
| Non-current compensation and benefits | 1,001 | 1,006 |
| All other liabilities (Note 13) | 7,430 | 9,351 |
| Liabilities of businesses held for sale (Note 2) | 0 | 0 |
| Liabilities of discontinued operations (Note 2) | 4,123 | 46,359 |
| Total liabilities | 158,008 | 264,795 |
| Redeemable noncontrolling interest (Note 15) | 0 | 0 |
| Preferred stock value (5,944,250 shares outstanding at December 31, 2016 and December 31, 2015) | 6 | 6 |
| Common stock (8,742,614,000 and 9,379,288,000 shares outstanding at December 31, 2016 and December 31, 2015, respectively) | 0 | 0 |
| Investment securities | 656 | 456 |
| Currency translation adjustments | (740) | (898) |
| Cash flow hedges | 43 | (112) |
| Benefit plans | (622) | (540) |
| Other capital | 12,669 | 12,326 |
| Retained earnings | 12,664 | 34,988 |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareowners' equity | 24,677 | 46,227 |
| Noncontrolling interests (Note 15) | 285 | 486 |
| Total equity (Note 15) | 24,962 | 46,713 |
| Total liabilities, redeemable noncontrolling interests and equity | 182,970 | 311,508 |
| [2] The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(18,598) milli on and $(16,529) million at December 31, 2016 and December 31, 2015 , respectively. | ||
| [3] Included AOCI attributable to noncontrolling interests of $(278) million and $(264) million at December 31, 2016 and December 31, 2015 , respectively. | ||
| [4] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1. | ||
| [5] On December 2, 2015, senior unsecured notes and commercial paper was assumed by GE upon its merger with GE Capital resulting in an intercompany payable to GE. The short-term borrowings were $ 11,696 million (which includes a loan amount of $ 1,329 million from GE Capital to GE) and $17,642 million and t he long-term borrowings were $47,084 million and $67,062 million at December 31 , 2016 and December 31, 2015, respectively. See Note 10 for additional information. | ||
| [1] Our consolidated assets at December 31, 2016 included total assets of $6,332 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets included current receivables and net financing receivables of $1,722 million and investment securities of $982 million wit hin continuing operations and assets of discontinued operations of $692 million. Our consolidated liabilities at December 31, 2016 included liabilities of certain VIEs for which the V | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2016 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |