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: 2019 | |||
STATEMENT OF EARNINGS (LOSS) | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 24, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| GE Capital revenues from services | $ 7,728 | 8,072 | 7,337 |
| Total revenues (Note 26) | 95,214 | 97,012 | 99,279 |
| Cost of goods and services | 70,029 | 72,818 | |
| Selling, general and administrative expenses | 13,949 | 14,643 | 14,257 |
| Interest and other financial charges | 4,227 | 4,766 | 4,655 |
| Insurance losses and annuity benefits (Note 12) | 3,294 | 2,790 | 12,168 |
| Goodwill impairments (Note 8) | 1,486 | 22,136 | 2,550 |
| Non-operating benefit costs | 2,844 | 2,753 | 2,423 |
| Other costs and expenses | 458 | 414 | 1,060 |
| Total costs and expenses | 96,287 | 120,320 | 112,707 |
| Other income (Note 19) | 2,222 | 2,321 | 2,083 |
| GE Capital earnings (loss) from continuing operations | 0 | 0 | 0 |
| Earnings (loss) from continuing operations before income taxes | 1,149 | (20,987) | (11,345) |
| Benefit (provision) for income taxes (Note 15) | (726) | (93) | 2,808 |
| Earnings (loss) from continuing operations | 423 | (21,080) | (8,536) |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (5,335) | (1,363) | (312) |
| Net earnings (loss) | (4,912) | (22,443) | (8,849) |
| Less net earnings (loss) attributable to noncontrolling interests | 66 | (89) | (365) |
| Net earnings (loss) attributable to the Company | (4,979) | (22,355) | (8,484) |
| Preferred stock dividends | (460) | (447) | (436) |
| Net earnings (loss) attributable to GE common shareholders | (5,439) | (22,802) | (8,920) |
| Amounts attributable to GE common shareholders: | |||
| Earnings (loss) from continuing operations | 423 | (21,080) | (8,536) |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | 7 | (90) | (283) |
| Earnings (loss) from continuing operations attributable to the Company | 416 | (20,991) | (8,253) |
| Preferred stock dividends | (460) | (447) | (436) |
| Earnings (loss) from continuing operations attributable to GE common shareholders | (44) | (21,438) | (8,689) |
| Earnings (loss) from discontinued operations, net of taxes | (5,335) | (1,363) | (312) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 60 | 1 | (81) |
| Net earnings (loss) attributable to GE common shareholders | (5,439) | (22,802) | (8,920) |
| Per-share amounts (Note 18) | |||
| Earnings (loss) from continuing operations | |||
| Diluted earnings (loss) per share (in dollars per share) | (0.01) | (2.47) | (1.00) |
| Basic earnings (loss) per share (in dollars per share) | (0.01) | (2.47) | (1.00) |
| Net earnings (loss) | |||
| Diluted earnings (loss) per share (in dollars per share) | (0.62) | (2.62) | (1.03) |
| Basic earnings (loss) per share (in dollars per share) | (0.62) | (2.62) | (1.03) |
| Dividends declared per common share (in dollars per share) | 0.04 | 0.37 | 0.84 |
| Legal Entity | |||
| GE Capital | |||
| Product and Service | |||
| Goods | |||
| Sales | 79 | 121 | 130 |
| Cost of goods and services | 61 | 95 | 102 |
| Services | |||
| Sales | 0 | 0 | 0 |
| Cost of goods and services | 2,019 | 2,089 | 2,196 |
| GE Capital revenues from services | 8,662 | 9,430 | 8,940 |
| Total revenues (Note 26) | 8,741 | 9,551 | 9,070 |
| Selling, general and administrative expenses | 931 | 1,341 | 1,662 |
| Interest and other financial charges | 2,532 | 2,982 | 3,145 |
| Insurance losses and annuity benefits (Note 12) | 3,353 | 2,849 | 12,213 |
| Goodwill impairments (Note 8) | 0 | 0 | 1,386 |
| Non-operating benefit costs | 16 | 12 | 14 |
| Other costs and expenses | 480 | 558 | 986 |
| Total costs and expenses | 9,392 | 9,926 | 21,703 |
| Other income (Note 19) | 0 | 0 | 0 |
| GE Capital earnings (loss) from continuing operations | 0 | 0 | 0 |
| Earnings (loss) from continuing operations before income taxes | (652) | (375) | (12,633) |
| Benefit (provision) for income taxes (Note 15) | 582 | 374 | 6,302 |
| Earnings (loss) from continuing operations | (69) | (1) | (6,331) |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | 192 | (1,670) | (312) |
| Net earnings (loss) | 123 | (1,672) | (6,643) |
| Less net earnings (loss) attributable to noncontrolling interests | 1 | 40 | 4 |
| Net earnings (loss) attributable to the Company | 122 | (1,712) | (6,647) |
| Preferred stock dividends | (460) | (447) | (436) |
| Net earnings (loss) attributable to GE common shareholders | (338) | (2,159) | (7,083) |
| Earnings (loss) from continuing operations | (69) | (1) | (6,331) |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | 1 | 40 | (3) |
| Earnings (loss) from continuing operations attributable to the Company | (70) | (42) | (6,328) |
| Preferred stock dividends | (460) | (447) | (436) |
| Earnings (loss) from continuing operations attributable to GE common shareholders | (530) | (489) | (6,765) |
| Earnings (loss) from discontinued operations, net of taxes | 192 | (1,670) | (312) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 0 | 0 | 6 |
| Net earnings (loss) attributable to GE common shareholders | (338) | (2,159) | (7,083) |
| Consolidated Entities | |||
| GE | |||
| GE Capital revenues from services | 0 | 0 | 0 |
| Total revenues (Note 26) | 87,719 | 89,038 | 92,229 |
| Selling, general and administrative expenses | 13,404 | 13,851 | 13,094 |
| Interest and other financial charges | 2,115 | 2,415 | 2,538 |
| Insurance losses and annuity benefits (Note 12) | 0 | 0 | 0 |
| Goodwill impairments (Note 8) | 1,486 | 22,136 | 1,165 |
| Non-operating benefit costs | 2,828 | 2,740 | 2,409 |
| Other costs and expenses | 0 [1] | (51) | (22) |
| Total costs and expenses | 88,118 | 111,967 | 92,834 |
| Other income (Note 19) | 2,200 | 2,317 | 1,893 |
| GE Capital earnings (loss) from continuing operations | (530) | (489) | (6,765) |
| Earnings (loss) from continuing operations before income taxes | 1,271 | (21,101) | (5,476) |
| Benefit (provision) for income taxes (Note 15) | (1,309) | (467) | (3,493) |
| Earnings (loss) from continuing operations | (38) | (21,568) | (8,970) |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (5,335) | (1,363) | (319) |
| Net earnings (loss) | (5,373) | (22,931) | (9,288) |
| Less net earnings (loss) attributable to noncontrolling interests | 66 | (129) | (368) |
| Net earnings (loss) attributable to the Company | (5,439) | (22,802) | (8,920) |
| Preferred stock dividends | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareholders | (5,439) | (22,802) | (8,920) |
| Earnings (loss) from continuing operations | (38) | (21,568) | (8,970) |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | 6 | (130) | (280) |
| Earnings (loss) from continuing operations attributable to the Company | (44) | (21,438) | (8,689) |
| Preferred stock dividends | 0 | 0 | 0 |
| Earnings (loss) from continuing operations attributable to GE common shareholders | (44) | (21,438) | (8,689) |
| Earnings (loss) from discontinued operations, net of taxes | (5,335) | (1,363) | (319) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 60 | 1 | (88) |
| Net earnings (loss) attributable to GE common shareholders | (5,439) | (22,802) | (8,920) |
| Goods | |||
| Sales | 59,138 | 60,147 | 62,786 |
| Cost of goods and services | 48,620 | 50,265 | 52,588 |
| Services | |||
| Sales | 28,581 | 28,891 | 29,443 |
| Cost of goods and services | 19,665 | 20,611 | 21,062 |
| Product and Service | |||
| Goods | |||
| Sales | 58,949 | 60,148 | 62,709 |
| Cost of goods and services | 48,406 | 50,244 | 52,483 |
| Services | |||
| Sales | 28,538 | 28,792 | 29,233 |
| Cost of goods and services | 21,622 | 22,574 | 23,110 |
| [1] Represents the adding together of all GE Industrial affiliates and GE Capital continuing operations on a one-line basis. See Note 1. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2019 | |||
STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 24, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net earnings (loss) | $ (4,912) | (22,443) | (8,849) |
| Less net earnings (loss) attributable to noncontrolling interests | 66 | (89) | (365) |
| Net earnings (loss) attributable to the Company | (4,979) | (22,355) | (8,484) |
| Investment securities | 100 | 64 | (776) |
| Currency translation adjustments | 1,275 | (1,664) | 2,178 |
| Cash flow hedges | 36 | (51) | 51 |
| Benefit plans | 1,229 | 1,416 | 2,782 |
| Other comprehensive income (loss) | 2,641 | (235) | 4,236 |
| Less other comprehensive income (loss) attributable to noncontrolling interests | (40) | (225) | 51 |
| Other comprehensive income (loss) attributable to the Company | 2,681 | (10) | 4,184 |
| Comprehensive income (loss) | (2,272) | (22,678) | (4,613) |
| Less comprehensive income (loss) attributable to noncontrolling interests | 26 | (314) | (314) |
| Comprehensive income (loss) attributable to the Company | (2,297) | (22,364) | (4,300) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2019 | |||
STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2019 10-K (Filed: Feb 24, 2020) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows operating activities | |||
| Net earnings (loss) | $ (4,912) | (22,443) | (8,849) |
| (Earnings) loss from discontinued operations | 5,335 | 1,363 | 312 |
| Adjustments to reconcile net earnings (loss) to cash provided from operating activities: | |||
| Depreciation and amortization of property, plant and equipment (Note 7) | 4,026 | 4,419 | 4,332 |
| Amortization of intangible assets (Note 8) | 1,569 | 2,163 | 1,862 |
| Goodwill impairments (Note 8) | 1,486 | 22,136 | 2,550 |
| (Earnings) loss from continuing operations retained by GE Capital | 0 | 0 | 0 |
| (Gains) losses on purchases and sales of business interests (Note 19) | (53) | (1,522) | (1,024) |
| Principal pension plans cost (Note 13) | 3,878 | 4,226 | 3,687 |
| Principal pension plans employer contributions (Note 13) | (298) | (6,283) | (1,978) |
| Other postretirement benefit plans (net) (Note 13) | (1,228) | (1,033) | (888) |
| Provision (benefit) for income taxes (Note 15) | 726 | 93 | (2,808) |
| Cash recovered (paid) during the year for income taxes | (1,950) | (1,404) | (1,924) |
| Decrease (increase) in contract and other deferred assets | 62 | (81) | (1,243) |
| Decrease (increase) in GE current receivables | (2,851) | (358) | (3,902) |
| Decrease (increase) in inventories | (1,109) | (356) | 324 |
| Increase (decrease) in accounts payable | 2,977 | 1,545 | 169 |
| Increase (decrease) in GE progress collections | 1,373 | (571) | 1,912 |
| All other operating activities | 1,388 | 1,317 | 13,308 |
| Cash from (used for) operating activities continuing operations | 10,419 | 3,210 | 5,840 |
| Cash from (used for) operating activities discontinued operations | (1,647) | 1,768 | 714 |
| Cash from (used for) operating activities | 8,772 | 4,978 | 6,554 |
| Cash flows investing activities | |||
| Additions to property, plant and equipment | (5,813) | (6,627) | (6,642) |
| Dispositions of property, plant and equipment | 3,718 | 4,093 | 5,530 |
| Additions to internal-use software | (282) | (320) | (454) |
| Net decrease (increase) in GE Capital financing receivables | 1,117 | 1,796 | 805 |
| Net cash from (payments for) principal businesses purchased | (68) | (1) | (2,722) |
| Capital contribution from GE to GE Capital | 0 | 0 | 0 |
| All other investing activities | 1,466 | 11,530 | 5,538 |
| Cash from (used for) investing activities continuing operations | 10,684 | 18,925 | 6,728 |
| Cash from (used for) investing activities discontinued operations | (1,745) | (645) | (1,349) |
| Cash from (used for) investing activities | 8,939 | 18,280 | 5,379 |
| Cash flows financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 280 | (4,343) | 1,699 |
| Newly issued debt (maturities longer than 90 days) | 2,185 | 3,120 | 10,879 |
| Repayments and other reductions (maturities longer than 90 days) | (16,567) | (20,319) | (25,220) |
| Capital contribution from GE to GE Capital | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 29 | (17) | (2,550) |
| Dividends paid to shareholders | (649) | (4,474) | (8,650) |
| All other financing activities | (1,043) | (1,312) | (85) |
| Cash from (used for) financing activities continuing operations | (15,764) | (27,345) | (23,927) |
| Cash from (used for) financing activities discontinued operations | (368) | (4,462) | 5,443 |
| Cash from (used for) financing activities | (16,133) | (31,807) | (18,484) |
| Effect of currency exchange rate changes on cash, cash equivalents and restricted cash | (50) | (628) | 891 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 1,529 | (9,176) | (5,659) |
| Cash, cash equivalents and restricted cash at beginning of year | 35,548 | 44,724 | |
| Cash, cash equivalents and restricted cash at end of year | 37,077 | 35,548 | 44,724 |
| Less cash, cash equivalents and restricted cash of discontinued operations at end of year | 638 | 4,424 | 7,901 |
| Cash, cash equivalents and restricted cash of continuing operations at end of year | 36,439 | 31,124 | 36,823 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (3,816) | (4,409) | (4,211) |
| Disposal Group Classification | |||
| Sale of discontinued operations | |||
| Legal Entity | |||
| GE Capital | |||
| Proceeds from sale of businesses | 0 | 29 | 1,464 |
| Proceeds from sale of businesses | 5,864 | 29 | 1,464 |
| Principal business dispositions | |||
| Proceeds from sale of businesses | 4,683 | 8,425 | 3,208 |
| Proceeds from sale of businesses | 3,938 | 2,011 | 0 |
| Consolidated Entities | |||
| GE | |||
| Disposal Group Classification | |||
| Sale of discontinued operations | |||
| Proceeds from sale of businesses | 5,864 | 0 | 0 |
| Net earnings (loss) | (5,373) | (22,931) | (9,288) |
| (Earnings) loss from discontinued operations | 5,335 | 1,363 | 319 |
| Depreciation and amortization of property, plant and equipment (Note 7) | 2,001 | 2,290 | 2,050 |
| Amortization of intangible assets (Note 8) | 1,512 | 2,109 | 1,796 |
| Goodwill impairments (Note 8) | 1,486 | 22,136 | 1,165 |
| (Earnings) loss from continuing operations retained by GE Capital | 530 | 489 | 10,781 |
| (Gains) losses on purchases and sales of business interests (Note 19) | (3) | (1,234) | (1,024) |
| Principal pension plans cost (Note 13) | 3,878 | 4,226 | 3,687 |
| Principal pension plans employer contributions (Note 13) | (298) | (6,283) | (1,978) |
| Other postretirement benefit plans (net) (Note 13) | (1,213) | (1,015) | (865) |
| Provision (benefit) for income taxes (Note 15) | 1,309 | 467 | 3,493 |
| Cash recovered (paid) during the year for income taxes | (1,904) | (1,343) | (2,188) |
| Decrease (increase) in contract and other deferred assets | 62 | (81) | (1,243) |
| Decrease (increase) in GE current receivables | (3,904) | (966) | 1,040 |
| Decrease (increase) in inventories | (877) | (364) | 339 |
| Increase (decrease) in accounts payable | 684 | 1,595 | (46) |
| Increase (decrease) in GE progress collections | 1,317 | (433) | 1,938 |
| All other operating activities | 72 | 676 | 1,504 |
| Cash from (used for) operating activities continuing operations | 4,614 | 701 | 11,479 |
| Cash from (used for) operating activities discontinued operations | (49) | 2,051 | (195) |
| Cash from (used for) operating activities | 4,565 | 2,752 | 11,284 |
| Additions to property, plant and equipment | (2,216) | (2,234) | (3,403) |
| Dispositions of property, plant and equipment | 371 | 271 | 1,186 |
| Additions to internal-use software | (274) | (306) | (423) |
| Net decrease (increase) in GE Capital financing receivables | 0 | 0 | 0 |
| Net cash from (payments for) principal businesses purchased | (447) | (1) | (2,722) |
| Capital contribution from GE to GE Capital | (4,000) | 0 | 0 [1] |
| All other investing activities | 3,675 | (640) | (9,439) |
| Cash from (used for) investing activities continuing operations | 4,056 | 3,138 | (11,715) |
| Cash from (used for) investing activities discontinued operations | (3,449) | (698) | 2,312 |
| Cash from (used for) investing activities | 607 | 2,439 | (9,403) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (595) | (987) | 1,808 |
| Newly issued debt (maturities longer than 90 days) | 31 | 6,570 | 16,267 |
| Repayments and other reductions (maturities longer than 90 days) | (6,458) | (1,023) | (5,579) |
| Capital contribution from GE to GE Capital | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 29 | (17) | (2,550) |
| Dividends paid to shareholders | (352) | (4,179) | (8,355) |
| All other financing activities | (312) | 1,107 | 290 |
| Cash from (used for) financing activities continuing operations | (7,658) | 1,470 | 1,881 |
| Cash from (used for) financing activities discontinued operations | (368) | (4,462) | 3,534 |
| Cash from (used for) financing activities | (8,026) | (2,992) | 5,415 |
| Effect of currency exchange rate changes on cash, cash equivalents and restricted cash | (56) | (494) | 444 |
| Increase (decrease) in cash, cash equivalents and restricted cash | (2,911) | 1,706 | 7,739 |
| Cash, cash equivalents and restricted cash at beginning of year | 17,617 | 18,822 | 18,822 |
| Cash, cash equivalents and restricted cash at end of year | 17,617 | 18,822 | 18,822 |
| Less cash, cash equivalents and restricted cash of discontinued operations at end of year | 4 | 3,896 | 7,144 |
| Cash, cash equivalents and restricted cash of continuing operations at end of year | 17,613 | 16,632 | 11,678 |
| Cash paid during the year for interest | (1,975) | (2,201) | (2,347) |
| Principal business dispositions | |||
| Proceeds from sale of businesses | 1,083 | 6,047 | 3,086 |
| Legal Entity | |||
| GE Capital | |||
| Net earnings (loss) | 123 | (1,672) | (6,643) |
| (Earnings) loss from discontinued operations | (192) | 1,670 | 312 |
| Depreciation and amortization of property, plant and equipment (Note 7) | 2,026 | 2,110 | 2,277 |
| Amortization of intangible assets (Note 8) | 57 | 53 | 65 |
| Goodwill impairments (Note 8) | 0 | 0 | 1,386 |
| (Earnings) loss from continuing operations retained by GE Capital | 0 | 0 | 0 |
| (Gains) losses on purchases and sales of business interests (Note 19) | (50) | (288) | 0 |
| Principal pension plans cost (Note 13) | 0 | 0 | 0 |
| Principal pension plans employer contributions (Note 13) | 0 | 0 | 0 |
| Other postretirement benefit plans (net) (Note 13) | (15) | (18) | (23) |
| Provision (benefit) for income taxes (Note 15) | (582) | (374) | (6,302) |
| Cash recovered (paid) during the year for income taxes | (46) | (61) | 264 |
| Decrease (increase) in contract and other deferred assets | 0 | 0 | 0 |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | 0 | 0 | 0 |
| Increase (decrease) in accounts payable | (44) | 2 | (75) |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| All other operating activities | 605 | 158 | 11,114 |
| Cash from (used for) operating activities continuing operations | 1,881 | 1,582 | 2,374 |
| Cash from (used for) operating activities discontinued operations | (1,917) | (415) | (968) |
| Cash from (used for) operating activities | (35) | 1,166 | 1,407 |
| Additions to property, plant and equipment | (3,830) | (4,569) | (3,680) |
| Dispositions of property, plant and equipment | 3,348 | 3,853 | 4,579 |
| Additions to internal-use software | (8) | (14) | (31) |
| Net decrease (increase) in GE Capital financing receivables | 3,389 | 9,986 | 2,897 |
| Net cash from (payments for) principal businesses purchased | 0 | 0 | 0 |
| Capital contribution from GE to GE Capital | 0 | 0 | 0 |
| All other investing activities | 2,617 | 482 | 3,013 |
| Cash from (used for) investing activities continuing operations | 9,453 | 11,777 | 8,242 |
| Cash from (used for) investing activities discontinued operations | 2,023 | 186 | (1,784) |
| Cash from (used for) investing activities | 11,476 | 11,964 | 6,458 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (256) | (4,308) | 69 |
| Newly issued debt (maturities longer than 90 days) | 2,154 | 3,045 | 1,909 |
| Repayments and other reductions (maturities longer than 90 days) | (11,632) | (19,836) | (21,007) |
| Capital contribution from GE to GE Capital | 4,000 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareholders | (455) | (371) | (4,311) |
| All other financing activities | (819) | (2,408) | (280) |
| Cash from (used for) financing activities continuing operations | (7,007) | (23,878) | (23,619) |
| Cash from (used for) financing activities discontinued operations | (1) | 0 | 1,909 |
| Cash from (used for) financing activities | (7,008) | (23,878) | (21,710) |
| Effect of currency exchange rate changes on cash, cash equivalents and restricted cash | 6 | (134) | 447 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 4,439 | (10,882) | (13,399) |
| Cash, cash equivalents and restricted cash at beginning of year | 19,460 | 25,902 | 25,902 |
| Cash, cash equivalents and restricted cash at end of year | 19,460 | 25,902 | 25,902 |
| Less cash, cash equivalents and restricted cash of discontinued operations at end of year | 633 | 528 | 757 |
| Cash, cash equivalents and restricted cash of continuing operations at end of year | 18,826 | 14,492 | 25,145 |
| Cash paid during the year for interest | (2,632) | (2,883) | (2,793) |
| [1] Represents the adding together of all GE Industrial affiliates and the impact of GE Capital dividends on a one-line basis. See Note 1. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GENERAL ELECTRIC CO | ||
Ticker: GE Fiscal Year: 2019 | ||
STATEMENT OF FINANCIAL POSITION | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 24, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Cash, cash equivalents and restricted cash | $ 36,394 | 31,124 |
| Investment securities (Note 3) | 48,521 | 33,508 |
| Current receivables (Note 4) | 16,769 | 14,645 |
| Financing receivables net (Note 5) | 3,134 | 7,699 |
| Inventories (Note 6) | 14,104 | 13,803 |
| Other GE Capital receivables | 7,144 | 7,143 |
| Property, plant and equipment net (Note 7) | 43,290 | 43,611 |
| Operating lease assets (Note 7) | 2,896 | |
| Receivable from GE Capital | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 26,734 | 33,974 |
| Other intangible assets net (Note 8) | 10,653 | 12,178 |
| Contract and other deferred assets (Note 9) | 16,801 | 17,431 |
| All other assets (Note 10) | 16,461 | 18,357 |
| Deferred income taxes (Note 15) | 9,889 | 12,117 |
| Assets of businesses held for sale (Note 2) | 9,149 | 1,629 |
| Assets of discontinued operations (Note 2) | 4,109 | 63,853 |
| Total assets | 266,048 | 311,072 |
| Short-term borrowings (Note 11) | 22,072 | 12,776 |
| Short-term borrowings assumed by GE (Note 11) | 0 | 0 |
| Accounts payable, principally trade accounts | 15,926 | 13,826 |
| Progress collections and deferred income (Note 9) | 20,508 | 18,983 |
| Other GE current liabilities (Note 14) | 15,753 | 14,866 |
| Non-recourse borrowings of consolidated securitization entities (Note 11) | 1,655 | 1,875 |
| Long-term borrowings (Note 11) | 67,155 | 88,949 |
| Long-term borrowings assumed by GE (Note 11) | 0 | 0 |
| Operating lease liabilities (Note 7) | 3,162 | |
| Insurance liabilities and annuity benefits (Note 12) | 39,826 | 35,562 |
| Non-current compensation and benefits | 31,687 | 31,928 |
| All other liabilities (Note 14) | 16,583 | 20,839 |
| Liabilities of businesses held for sale (Note 2) | 1,658 | 708 |
| Liabilities of discontinued operations (Note 2) | 203 | 19,281 |
| Total liabilities | 236,187 | 259,591 |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2019 and December 31, 2018) | 6 | 6 |
| Common stock (8,738,434,000 and 8,702,227,000 shares outstanding at December 31, 2019 and December 31, 2018, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) net attributable to GE | (11,732) | (14,414) |
| Other capital | 34,405 | 35,504 |
| Retained earnings | 87,732 | 93,109 |
| Less common stock held in treasury | (82,797) | (83,925) |
| Total GE shareholders equity | 28,316 | 30,981 |
| Noncontrolling interests (Note 16) | 1,545 | 20,500 |
| Total equity | 29,861 | 51,481 [1] |
| Total liabilities and equity | 266,048 | 311,072 |
| Legal Entity | ||
| GE Capital | ||
| Cash, cash equivalents and restricted cash | 18,781 | 14,492 |
| Investment securities (Note 3) | 38,514 | 33,393 |
| Current receivables (Note 4) | 0 | 0 |
| Financing receivables net (Note 5) | 6,979 | 13,628 |
| Inventories (Note 6) | 0 | 0 |
| Other GE Capital receivables | 11,767 | 15,361 |
| Property, plant and equipment net (Note 7) | 29,649 | 29,510 |
| Operating lease assets (Note 7) | 237 | |
| Receivable from GE Capital | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 839 | 904 |
| Other intangible assets net (Note 8) | 192 | 236 |
| Contract and other deferred assets (Note 9) | 0 | 0 |
| All other assets (Note 10) | 8,648 | 9,869 |
| Deferred income taxes (Note 15) | 1,700 | 1,936 |
| Assets of businesses held for sale (Note 2) | 241 | 0 |
| Assets of discontinued operations (Note 2) | 3,907 | 4,610 |
| Total assets | 121,454 | 123,939 |
| Short-term borrowings (Note 11) | 12,030 | 4,999 |
| Short-term borrowings assumed by GE (Note 11) | 2,104 | 2,684 |
| Accounts payable, principally trade accounts | 886 | 1,171 |
| Progress collections and deferred income (Note 9) | 0 | 0 |
| Other GE current liabilities (Note 14) | 0 | 0 |
| Non-recourse borrowings of consolidated securitization entities (Note 11) | 1,655 | 1,875 |
| Long-term borrowings (Note 11) | 26,175 | 36,154 |
| Long-term borrowings assumed by GE (Note 11) | 17,038 | 19,828 |
| Operating lease liabilities (Note 7) | 238 | |
| Insurance liabilities and annuity benefits (Note 12) | 40,232 | 35,994 |
| Non-current compensation and benefits | 472 | 459 |
| All other liabilities (Note 14) | 5,040 | 7,562 |
| Liabilities of businesses held for sale (Note 2) | 52 | 0 |
| Liabilities of discontinued operations (Note 2) | 97 | 1,800 |
| Total liabilities | 106,016 | 112,527 |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2019 and December 31, 2018) | 6 | 6 |
| Common stock (8,738,434,000 and 8,702,227,000 shares outstanding at December 31, 2019 and December 31, 2018, respectively) | 0 | 0 |
| Accumulated other comprehensive income (loss) net attributable to GE | (852) | (783) |
| Other capital | 17,001 | 12,883 |
| Retained earnings | (857) | (694) |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareholders equity | 15,299 | 11,412 |
| Noncontrolling interests (Note 16) | 139 | 1 |
| Total equity | 15,438 | 11,412 |
| Total liabilities and equity | 121,454 | 123,939 |
| Consolidated Entities | ||
| GE | ||
| Cash, cash equivalents and restricted cash | 17,613 | 16,632 |
| Investment securities (Note 3) | 10,008 | 187 |
| Current receivables (Note 4) | 13,883 | 10,262 |
| Financing receivables net (Note 5) | 0 | 0 |
| Inventories (Note 6) | 14,104 | 13,803 |
| Other GE Capital receivables | 0 | 0 |
| Property, plant and equipment net (Note 7) | 14,370 | 14,828 |
| Operating lease assets (Note 7) | 3,077 | |
| Receivable from GE Capital | 19,142 | 22,513 |
| Investment in GE Capital | 15,299 | 11,412 |
| Goodwill (Note 8) | 25,895 | 33,070 |
| Other intangible assets net (Note 8) | 10,461 | 11,942 |
| Contract and other deferred assets (Note 9) | 16,833 | 17,431 |
| All other assets (Note 10) | 8,399 | 8,578 |
| Deferred income taxes (Note 15) | 8,189 | 10,176 |
| Assets of businesses held for sale (Note 2) | 8,626 | 1,524 |
| Assets of discontinued operations (Note 2) | 202 | 59,169 [2] |
| Total assets | 186,100 | 231,526 |
| Short-term borrowings (Note 11) | 5,606 | 5,147 |
| Short-term borrowings assumed by GE (Note 11) | 5,473 | 4,207 |
| Accounts payable, principally trade accounts | 17,702 | 17,579 |
| Progress collections and deferred income (Note 9) | 20,694 | 19,239 |
| Other GE current liabilities (Note 14) | 16,833 | 16,444 |
| Non-recourse borrowings of consolidated securitization entities (Note 11) | 0 | 0 |
| Long-term borrowings (Note 11) | 15,085 | 20,804 |
| Long-term borrowings assumed by GE (Note 11) | 25,895 | 32,054 |
| Operating lease liabilities (Note 7) | 3,369 | |
| Insurance liabilities and annuity benefits (Note 12) | 0 | 0 |
| Non-current compensation and benefits | 31,208 | 31,461 |
| All other liabilities (Note 14) | 12,787 | 14,881 |
| Liabilities of businesses held for sale (Note 2) | 1,620 | 748 |
| Liabilities of discontinued operations (Note 2) | 106 | 17,481 |
| Total liabilities | 156,379 | 180,045 |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2019 and December 31, 2018) | 6 | 6 |
| Common stock (8,738,434,000 and 8,702,227,000 shares outstanding at December 31, 2019 and December 31, 2018, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) net attributable to GE | (11,732) | (14,414) |
| Other capital | 34,405 | 35,504 |
| Retained earnings | 87,732 | 93,109 |
| Less common stock held in treasury | (82,797) | (83,925) |
| Total GE shareholders equity | 28,316 | 30,981 |
| Noncontrolling interests (Note 16) | 1,406 | 20,499 |
| Total equity | 29,721 | 51,480 |
| Total liabilities and equity | 186,100 | 231,526 |
| [1] Total equity balance decreased by $(43,638) million from December 31, 2017, primarily due to non-cash after-tax goodwill impairment charge of $(22,371) million in 2018, reduction of noncontrolling interest balance of $(15,836) million attributable to Baker Hughes Class A shareholders at December 31, 2017 and after-tax loss of $(8,238) million in discontinued operations due to deconsolidation of Baker Hughes in 2019, partially offset by after-tax gain of $2,508 million in discontinued operations due to spin- | ||
| [2] Represents the adding together of all GE Industrial affiliates and GE Capital continuing operations on a one-line basis. See Note 1. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2019 | |
| 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 |