10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2020 | |||
STATEMENT OF EARNINGS (LOSS) | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Total revenues (Note 25) | $ 79,619 | 95,214 | 97,012 |
| Cost of goods and services | 60,421 | 66,911 | |
| Selling, general and administrative expenses | 12,621 | 13,949 | 14,643 |
| Research and development | 2,565 | 3,118 | 3,415 |
| Interest and other financial charges | 3,273 | 4,227 | 4,766 |
| Insurance losses and annuity benefits (Note 12) | 2,397 | 3,294 | 2,790 |
| Goodwill impairments (Note 8) | 1,717 | 1,486 | 22,136 |
| Non-operating benefit costs | 2,433 | 2,844 | 2,753 |
| Other costs and expenses | 384 | 458 | 414 |
| Total costs and expenses | 85,809 | 96,287 | 120,320 |
| Other income (Note 19) | 11,387 | 2,222 | 2,321 |
| Earnings (loss) from continuing operations before income taxes | 5,197 | 1,149 | (20,987) |
| Benefit (provision) for income taxes (Note 15) | 474 | (726) | (93) |
| Earnings (loss) from continuing operations | 5,672 | 423 | (21,080) |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (125) | (5,335) | (1,363) |
| Net earnings (loss) | 5,546 | (4,912) | (22,443) |
| Less net earnings (loss) attributable to noncontrolling interests | (158) | 66 | (89) |
| Net earnings (loss) attributable to the Company | 5,704 | (4,979) | (22,355) |
| Preferred stock dividends | (474) | (460) | (447) |
| Net earnings (loss) attributable to GE common shareholders | 5,230 | (5,439) | (22,802) |
| Amounts attributable to GE common shareholders: | |||
| Earnings (loss) from continuing operations | 5,672 | 423 | (21,080) |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | (158) | 7 | (90) |
| Earnings (loss) from continuing operations attributable to the Company | 5,829 | 416 | (20,991) |
| Preferred stock dividends | (474) | (460) | (447) |
| Earnings (loss) from continuing operations attributable to GE common shareholders | 5,355 | (44) | (21,438) |
| Earnings (loss) from discontinued operations, net of taxes | (125) | (5,335) | (1,363) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 0 | 60 | 1 |
| Net earnings (loss) attributable to GE common shareholders | 5,230 | (5,439) | (22,802) |
| Per-share amounts (Note 18) | |||
| Earnings (loss) from continuing operations | |||
| Diluted earnings (loss) per share (in dollars per share) | 0.59 | (0.01) | (2.47) |
| Basic earnings (loss) per share (in dollars per share) | 0.59 | (0.01) | (2.47) |
| Net earnings (loss) | |||
| Diluted earnings (loss) per share (in dollars per share) | 0.58 | (0.62) | (2.62) |
| Basic earnings (loss) per share (in dollars per share) | 0.58 | (0.62) | (2.62) |
| Dividends declared per common share (in dollars per share) | 0.04 | 0.04 | 0.37 |
| Legal Entity | |||
| GE Capital | |||
| Total revenues (Note 25) | 7,245 | 8,741 | 9,551 |
| Selling, general and administrative expenses | 823 | 931 | 1,341 |
| Research and development | 0 | 0 | 0 |
| Interest and other financial charges | 2,186 | 2,532 | 2,982 |
| Insurance losses and annuity benefits (Note 12) | 2,438 | 3,353 | 2,849 |
| Goodwill impairments (Note 8) | 839 | 0 | 0 |
| Non-operating benefit costs | 9 | 16 | 12 |
| Other costs and expenses | 469 | 480 | 558 |
| Total costs and expenses | 9,339 | 9,392 | 9,926 |
| Other income (Note 19) | 0 | 0 | 0 |
| Earnings (loss) from continuing operations before income taxes | (2,095) | (652) | (375) |
| Benefit (provision) for income taxes (Note 15) | 862 | 582 | 374 |
| Earnings (loss) from continuing operations | (1,232) | (69) | (1) |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (90) | 192 | (1,670) |
| Net earnings (loss) | (1,322) | 123 | (1,672) |
| Less net earnings (loss) attributable to noncontrolling interests | 3 | 1 | 40 |
| Net earnings (loss) attributable to the Company | (1,325) | 122 | (1,712) |
| Preferred stock dividends | (474) | (460) | (447) |
| Net earnings (loss) attributable to GE common shareholders | (1,800) | (338) | (2,159) |
| Earnings (loss) from continuing operations | (1,232) | (69) | (1) |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | 3 | 1 | 40 |
| Earnings (loss) from continuing operations attributable to the Company | (1,235) | (70) | (42) |
| Preferred stock dividends | (474) | (460) | (447) |
| Earnings (loss) from continuing operations attributable to GE common shareholders | (1,710) | (530) | (489) |
| Earnings (loss) from discontinued operations, net of taxes | (90) | 192 | (1,670) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareholders | (1,800) | (338) | (2,159) |
| Product and Service | |||
| Services | |||
| Sales | 0 | 0 | 0 |
| Cost of goods and services | 2,527 | 2,019 | 2,089 |
| GE Capital revenues from services | |||
| Total revenues (Note 25) | 7,188 | 8,662 | 9,430 |
| Goods | |||
| Sales | 57 | 79 | 121 |
| Cost of goods and services | 48 | 61 | 95 |
| Consolidated Entities | |||
| GE Industrial | |||
| Total revenues (Note 25) | 73,100 | 87,719 | 89,038 |
| Selling, general and administrative expenses | 12,073 | 13,404 | 13,851 |
| Research and development | 2,565 | 3,118 | 3,415 |
| Interest and other financial charges | 1,333 | 2,115 | 2,415 |
| Insurance losses and annuity benefits (Note 12) | 0 | 0 | 0 |
| Goodwill impairments (Note 8) | 877 | 1,486 | 22,136 |
| Non-operating benefit costs | 2,424 | 2,828 | 2,740 |
| Other costs and expenses | 0 | 0 | (51) |
| Total costs and expenses | 77,252 | 88,118 | 111,967 |
| Other income (Note 19) | 11,444 | 2,200 | 2,317 |
| Earnings (loss) from continuing operations before income taxes | 7,291 | 1,801 | (20,612) |
| Benefit (provision) for income taxes (Note 15) | (388) | (1,309) | (467) |
| Earnings (loss) from continuing operations | 6,904 | 492 | (21,079) |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (35) | (5,527) | 307 |
| Net earnings (loss) | 6,868 | (5,035) | (20,772) |
| Less net earnings (loss) attributable to noncontrolling interests | (161) | 66 | (129) |
| Net earnings (loss) attributable to the Company | 7,029 | (5,101) | (20,643) |
| Preferred stock dividends | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareholders | 7,029 | (5,101) | (20,643) |
| Earnings (loss) from continuing operations | 6,904 | 492 | (21,079) |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | (161) | 6 | (130) |
| Earnings (loss) from continuing operations attributable to the Company | 7,065 | 486 | (20,949) |
| Preferred stock dividends | 0 | 0 | 0 |
| Earnings (loss) from continuing operations attributable to GE common shareholders | 7,065 | 486 | (20,949) |
| Earnings (loss) from discontinued operations, net of taxes | (35) | (5,527) | 307 |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 0 | 60 | 1 |
| Net earnings (loss) attributable to GE common shareholders | 7,029 | (5,101) | (20,643) |
| Services | |||
| Sales | 23,656 | 28,581 | 28,891 |
| Cost of goods and services | 15,951 | 19,051 | 19,869 |
| GE Capital revenues from services | |||
| Total revenues (Note 25) | 0 | 0 | 0 |
| Goods | |||
| Sales | 49,443 | 59,138 | 60,147 |
| Cost of goods and services | 42,030 | 46,115 | 47,591 |
| Product and Service | |||
| Goods | |||
| Sales | 49,464 | 58,949 | 60,148 |
| Cost of goods and services | 42,041 | 45,902 | 47,570 |
| Services | |||
| Sales | 23,558 | 28,538 | 28,792 |
| Cost of goods and services | 18,380 | 21,009 | 21,833 |
| GE Capital revenues from services | |||
| Total revenues (Note 25) | 6,597 | 7,728 | 8,072 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2020 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net earnings (loss) | $ 5,546 | (4,912) | (22,443) |
| Less net earnings (loss) attributable to noncontrolling interests | (158) | 66 | (89) |
| Net earnings (loss) attributable to the Company | 5,704 | (4,979) | (22,355) |
| Investment securities | (1) | 100 | 64 |
| Currency translation adjustments | 435 | 1,275 | (1,664) |
| Cash flow hedges | (77) | 36 | (51) |
| Benefit plans | 1,632 | 1,229 | 1,416 |
| Other comprehensive income (loss) | 1,989 | 2,641 | (235) |
| Less other comprehensive income (loss) attributable to noncontrolling interests | 6 | (40) | (225) |
| Other comprehensive income (loss) attributable to the Company | 1,984 | 2,681 | (10) |
| Comprehensive income (loss) | 7,536 | (2,272) | (22,678) |
| Less comprehensive income (loss) attributable to noncontrolling interests | (152) | 26 | (314) |
| Comprehensive income (loss) attributable to the Company | 7,688 | (2,297) | (22,364) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2020 | |||
STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows operating activities | |||
| Net earnings (loss) | $ 5,546 | (4,912) | (22,443) |
| (Earnings) loss from discontinued operations | 125 | 5,335 | 1,363 |
| Adjustments to reconcile net earnings (loss) to cash provided from operating activities: | |||
| Depreciation and amortization of property, plant and equipment (Note 7) | 4,636 | 4,026 | 4,419 |
| Amortization of intangible assets (Note 8) | 1,382 | 1,569 | 2,163 |
| Goodwill impairments (Note 8) | 1,717 | 1,486 | 22,136 |
| (Gains) losses on purchases and sales of business interests (Note 19) | (12,526) | (53) | (1,522) |
| (Gains) losses on equity securities (Note 19) | 2,105 | (693) | (166) |
| Principal pension plans cost (Note 13) | 3,559 | 3,878 | 4,226 |
| Principal pension plans employer contributions (Note 13) | (2,806) | (298) | (6,283) |
| Other postretirement benefit plans (net) (Note 13) | (893) | (1,228) | (1,033) |
| Provision (benefit) for income taxes (Note 15) | (474) | 726 | 93 |
| Cash recovered (paid) during the year for income taxes (Note 15) | (1,441) | (1,950) | (1,404) |
| Changes in operating working capital: | |||
| Decrease (increase) in current receivables | (1,319) | (2,851) | (358) |
| Decrease (increase) in inventories, including deferred inventory costs | 1,105 | (1,581) | (573) |
| Decrease (increase) in current contract assets | 1,631 | 891 | 751 |
| Increase (decrease) in accounts payable and equipment project accruals | (575) | 2,674 | 666 |
| Increase (decrease) in progress collections and current deferred income | (216) | 1,531 | (563) |
| All other operating activities | 2,040 | 1,869 | 1,739 |
| Cash from (used for) operating activities continuing operations | 3,597 | 10,419 | 3,210 |
| Cash from (used for) operating activities discontinued operations | 0 | (1,647) | 1,768 |
| Cash from (used for) operating activities | 3,597 | 8,772 | 4,978 |
| Cash flows investing activities | |||
| Additions to property, plant and equipment | (3,252) | (5,813) | (6,627) |
| Dispositions of property, plant and equipment | 1,644 | 3,718 | 4,093 |
| Additions to internal-use software | (151) | (282) | (320) |
| Net decrease (increase) in GE Capital financing receivables | (20) | 1,117 | 1,796 |
| Net cash from (payments for) principal businesses purchased | (85) | (68) | (1) |
| Capital contribution from GE Industrial to GE Capital | 0 | 0 | 0 |
| Sales of retained ownership interests | 417 | 3,383 | 0 |
| Net (purchases) dispositions of GE Capital investment securities (Note 3) | (1,352) | (1,616) | 2,534 |
| All other investing activities | (1,019) | (301) | 8,995 |
| Cash from (used for) investing activities continuing operations | 16,778 | 10,684 | 18,925 |
| Cash from (used for) investing activities discontinued operations | (136) | (1,745) | (645) |
| Cash from (used for) investing activities | 16,642 | 8,939 | 18,280 |
| Cash flows financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (4,168) | 280 | (4,343) |
| Newly issued debt (maturities longer than 90 days) | 15,028 | 2,185 | 3,120 |
| Repayments and other reductions (maturities longer than 90 days) | (29,876) | (16,567) | (20,319) |
| Capital contribution from GE Industrial to GE Capital | 0 | 0 | 0 |
| Dividends paid to shareholders | (648) | (649) | (4,474) |
| All other financing activities | (188) | (1,013) | (1,328) |
| Cash from (used for) financing activities continuing operations | (19,853) | (15,764) | (27,345) |
| Cash from (used for) financing activities discontinued operations | 1 | (368) | (4,462) |
| Cash from (used for) financing activities | (19,852) | (16,133) | (31,806) |
| Effect of currency exchange rate changes on cash, cash equivalents and restricted cash | 145 | (50) | (628) |
| Increase (decrease) in cash, cash equivalents and restricted cash | 531 | 1,529 | (9,176) |
| Cash, cash equivalents and restricted cash at beginning of year | 37,077 | 35,548 | |
| Cash, cash equivalents and restricted cash at end of year | 37,608 | 37,077 | 35,548 |
| Less cash, cash equivalents and restricted cash of discontinued operations at end of year | 524 | 638 | 4,424 |
| Cash, cash equivalents and restricted cash of continuing operations at end of year | 37,085 | 36,439 | 31,124 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (2,976) | (4,101) | (4,508) |
| Disposal Group Classification | |||
| Sale of discontinued operations | |||
| Legal Entity | |||
| GE Capital | |||
| Proceeds from sale of businesses | 0 | 0 | 29 |
| Proceeds from sale of businesses | 0 | 5,864 | 29 |
| Principal business dispositions | |||
| Proceeds from sale of businesses | 20,596 | 4,683 | 8,425 |
| Proceeds from sale of businesses | 34 | 3,938 | 2,011 |
| Consolidated Entities | |||
| GE Industrial | |||
| Disposal Group Classification | |||
| Sale of discontinued operations | |||
| Proceeds from sale of businesses | 0 | 5,864 | 0 |
| Principal business dispositions | |||
| Proceeds from sale of businesses | 20,394 | 1,083 | 6,047 |
| Net earnings (loss) | 6,868 | (5,035) | (20,772) |
| (Earnings) loss from discontinued operations | 35 | 5,527 | (307) |
| Depreciation and amortization of property, plant and equipment (Note 7) | 2,130 | 2,001 | 2,290 |
| Amortization of intangible assets (Note 8) | 1,325 | 1,512 | 2,109 |
| Goodwill impairments (Note 8) | 877 | 1,486 | 22,136 |
| (Gains) losses on purchases and sales of business interests (Note 19) | (12,468) | (3) | (1,234) |
| (Gains) losses on equity securities (Note 19) | 2,080 | (688) | (185) |
| Principal pension plans cost (Note 13) | 3,559 | 3,878 | 4,226 |
| Principal pension plans employer contributions (Note 13) | (2,806) | (298) | (6,283) |
| Other postretirement benefit plans (net) (Note 13) | (846) | (1,213) | (1,015) |
| Provision (benefit) for income taxes (Note 15) | 388 | 1,309 | 467 |
| Cash recovered (paid) during the year for income taxes (Note 15) | (2,447) | (1,904) | (1,343) |
| Decrease (increase) in current receivables | (558) | (3,904) | (966) |
| Decrease (increase) in inventories, including deferred inventory costs | 1,188 | (1,349) | (581) |
| Decrease (increase) in current contract assets | 1,631 | 891 | 751 |
| Increase (decrease) in accounts payable and equipment project accruals | (2,556) | 381 | 716 |
| Increase (decrease) in progress collections and current deferred income | (247) | 1,476 | (424) |
| All other operating activities | 591 | 548 | 1,117 |
| Cash from (used for) operating activities continuing operations | (1,254) | 4,614 | 701 |
| Cash from (used for) operating activities discontinued operations | 32 | (49) | 2,051 |
| Cash from (used for) operating activities | (1,223) | 4,565 | 2,752 |
| Additions to property, plant and equipment | (1,579) | (2,216) | (2,234) |
| Dispositions of property, plant and equipment | 202 | 371 | 271 |
| Additions to internal-use software | (143) | (274) | (306) |
| Net decrease (increase) in GE Capital financing receivables | 0 | 0 | 0 |
| Net cash from (payments for) principal businesses purchased | (85) | (447) | (1) |
| Capital contribution from GE Industrial to GE Capital | (2,000) | (4,000) | 0 |
| Sales of retained ownership interests | 417 | 3,383 | 0 |
| Net (purchases) dispositions of GE Capital investment securities (Note 3) | 0 | 0 | 0 |
| All other investing activities | 523 | 292 | (640) |
| Cash from (used for) investing activities continuing operations | 17,729 | 4,056 | 3,138 |
| Cash from (used for) investing activities discontinued operations | (36) | (3,449) | (698) |
| Cash from (used for) investing activities | 17,693 | 607 | 2,439 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (4,234) | (595) | (987) |
| Newly issued debt (maturities longer than 90 days) | 7,462 | 31 | 6,570 |
| Repayments and other reductions (maturities longer than 90 days) | (13,673) | (6,458) | (1,023) |
| Capital contribution from GE Industrial to GE Capital | 0 | 0 | 0 |
| Dividends paid to shareholders | (354) | (352) | (4,179) |
| All other financing activities | (141) | (283) | 1,090 |
| Cash from (used for) financing activities continuing operations | (10,941) | (7,658) | 1,470 |
| Cash from (used for) financing activities discontinued operations | 1 | (368) | (4,462) |
| Cash from (used for) financing activities | (10,940) | (8,026) | (2,992) |
| Effect of currency exchange rate changes on cash, cash equivalents and restricted cash | 61 | (56) | (494) |
| Increase (decrease) in cash, cash equivalents and restricted cash | 5,591 | (2,911) | 1,706 |
| Cash, cash equivalents and restricted cash at beginning of year | 23,209 | 20,528 | 20,528 |
| Cash, cash equivalents and restricted cash at end of year | 23,209 | 20,528 | 20,528 |
| Less cash, cash equivalents and restricted cash of discontinued operations at end of year | 0 | 4 | 3,896 |
| Cash, cash equivalents and restricted cash of continuing operations at end of year | 23,209 | 17,613 | 16,632 |
| Cash paid during the year for interest | (1,276) | (1,975) | (2,201) |
| Legal Entity | |||
| GE Capital | |||
| Net earnings (loss) | (1,322) | 123 | (1,672) |
| (Earnings) loss from discontinued operations | 90 | (192) | 1,670 |
| Depreciation and amortization of property, plant and equipment (Note 7) | 2,534 | 2,026 | 2,110 |
| Amortization of intangible assets (Note 8) | 57 | 57 | 53 |
| Goodwill impairments (Note 8) | 839 | 0 | 0 |
| (Gains) losses on purchases and sales of business interests (Note 19) | (58) | (50) | (288) |
| (Gains) losses on equity securities (Note 19) | 25 | (6) | 21 |
| 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) | (47) | (15) | (18) |
| Provision (benefit) for income taxes (Note 15) | (862) | (582) | (374) |
| Cash recovered (paid) during the year for income taxes (Note 15) | 1,007 | (46) | (61) |
| Decrease (increase) in current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories, including deferred inventory costs | 0 | 0 | 0 |
| Decrease (increase) in current contract assets | 0 | 0 | 0 |
| Increase (decrease) in accounts payable and equipment project accruals | (29) | (44) | 2 |
| Increase (decrease) in progress collections and current deferred income | 0 | 0 | 0 |
| All other operating activities | 1,261 | 610 | 138 |
| Cash from (used for) operating activities continuing operations | 3,495 | 1,881 | 1,582 |
| Cash from (used for) operating activities discontinued operations | (32) | (1,917) | (415) |
| Cash from (used for) operating activities | 3,463 | (35) | 1,166 |
| Additions to property, plant and equipment | (1,765) | (3,830) | (4,569) |
| Dispositions of property, plant and equipment | 1,450 | 3,348 | 3,853 |
| Additions to internal-use software | (7) | (8) | (14) |
| Net decrease (increase) in GE Capital financing receivables | 199 | 3,389 | 9,986 |
| Net cash from (payments for) principal businesses purchased | 0 | 0 | 0 |
| Capital contribution from GE Industrial to GE Capital | 0 | 0 | 0 |
| Sales of retained ownership interests | 0 | 0 | 0 |
| Net (purchases) dispositions of GE Capital investment securities (Note 3) | (1,352) | (1,616) | 2,534 |
| All other investing activities | 9,673 | 4,233 | (2,052) |
| Cash from (used for) investing activities continuing operations | 8,231 | 9,453 | 11,777 |
| Cash from (used for) investing activities discontinued operations | (100) | 2,023 | 186 |
| Cash from (used for) investing activities | 8,131 | 11,476 | 11,964 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (525) | (256) | (4,308) |
| Newly issued debt (maturities longer than 90 days) | 7,566 | 2,154 | 3,045 |
| Repayments and other reductions (maturities longer than 90 days) | (25,252) | (11,632) | (19,836) |
| Capital contribution from GE Industrial to GE Capital | 2,000 | 4,000 | 0 |
| Dividends paid to shareholders | (469) | (455) | (371) |
| All other financing activities | (58) | (819) | (2,408) |
| Cash from (used for) financing activities continuing operations | (16,738) | (7,007) | (23,878) |
| Cash from (used for) financing activities discontinued operations | 0 | (1) | 0 |
| Cash from (used for) financing activities | (16,738) | (7,008) | (23,878) |
| Effect of currency exchange rate changes on cash, cash equivalents and restricted cash | 84 | 6 | (134) |
| Increase (decrease) in cash, cash equivalents and restricted cash | (5,060) | 4,439 | (10,882) |
| Cash, cash equivalents and restricted cash at beginning of year | 14,400 | 15,020 | 15,020 |
| Cash, cash equivalents and restricted cash at end of year | 14,400 | 15,020 | 15,020 |
| Less cash, cash equivalents and restricted cash of discontinued operations at end of year | 524 | 633 | 528 |
| Cash, cash equivalents and restricted cash of continuing operations at end of year | 13,876 | 18,826 | 14,492 |
| Cash paid during the year for interest | (1,957) | (2,632) | (2,883) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GENERAL ELECTRIC CO | ||
Ticker: GE Fiscal Year: 2020 | ||
STATEMENT OF FINANCIAL POSITION | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Cash, cash equivalents and restricted cash | $ 36,630 [1] | 35,811 |
| Investment securities (Note 3) | 7,319 | 9,888 |
| Current receivables (Note 4) | 16,691 | 16,568 |
| Financing receivables net (Note 5) | 1,265 | 1,077 |
| Inventories, including deferred inventory costs (Note 6) | 15,890 | 17,215 |
| Other GE Capital receivables | 3,331 | 2,635 |
| Receivable from GE Capital | 0 | 0 |
| Current contract assets (Note 9) | 5,764 | 7,390 |
| All other current assets (Note 10) | 1,522 | 3,362 |
| Assets of businesses held for sale (Note 2) | 0 | 9,149 |
| Current assets | 88,412 | 103,096 |
| Investment securities (Note 3) | 42,549 | 38,632 |
| Financing receivables net (Note 5) | 1,771 | 2,057 |
| Other GE Capital receivables | 4,661 | 4,509 |
| Property, plant and equipment net (Note 7) | 44,662 | 45,879 |
| Receivable from GE Capital | 0 | 0 |
| Goodwill (Note 8) | 25,524 | 26,734 |
| Other intangible assets net (Note 8) | 9,774 | 10,653 |
| Contract and other deferred assets (Note 9) | 5,888 | 5,737 |
| All other assets (Note 10) | 14,597 | 13,882 |
| Deferred income taxes (Note 15) | 12,081 | 9,889 |
| Assets of discontinued operations (Note 2) | 3,532 | 4,109 |
| Total assets | 253,452 | 265,177 |
| Short-term borrowings (Note 11) | 4,778 | 23,641 |
| Short-term borrowings assumed by GE (Note 11) | 0 | 0 |
| Accounts payable and equipment project accruals | 16,476 | 17,357 |
| Progress collections and deferred income | 18,215 | 18,389 |
| All other current liabilities (Note 14) | 16,600 | 17,821 |
| Liabilities of businesses held for sale (Note 2) | 0 | 1,658 |
| Current liabilities | 56,069 | 78,865 |
| Deferred income (Note 9) | 1,801 | 1,555 |
| Long-term borrowings (Note 11) | 70,288 | 67,241 |
| Long-term borrowings assumed by GE (Note 11) | 0 | 0 |
| Insurance liabilities and annuity benefits (Note 12) | 42,191 | 39,826 |
| Non-current compensation and benefits | 29,752 | 31,687 |
| All other liabilities (Note 14) | 16,077 | 15,938 |
| Liabilities of discontinued operations (Note 2) | 200 | 203 |
| Total liabilities | 216,378 | 235,316 |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2020 and December 31, 2019) | 6 | 6 |
| Common stock (8,765,493,000 and 8,738,434,000 shares outstanding at December 31, 2020 and December 31, 2019, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) net attributable to GE | (9,749) | (11,732) |
| Other capital | 34,307 | 34,405 |
| Retained earnings | 92,247 | 87,732 |
| Less common stock held in treasury | (81,961) | (82,797) |
| Total GE shareholders equity | 35,552 | 28,316 |
| Noncontrolling interests (Note 16) | 1,522 | 1,545 |
| Total equity | 37,073 | 29,861 |
| Total liabilities and equity | 253,452 | 265,177 |
| Legal Entity | ||
| GE Capital | ||
| Cash, cash equivalents and restricted cash | 13,421 | 18,198 |
| Investment securities (Note 3) | 0 | 0 |
| Current receivables (Note 4) | 0 | 0 |
| Financing receivables net (Note 5) | 5,110 | 4,922 |
| Inventories, including deferred inventory costs (Note 6) | 0 | 0 |
| Other GE Capital receivables | 5,069 | 6,881 |
| Receivable from GE Capital | 0 | 0 |
| Current contract assets (Note 9) | 0 | 0 |
| All other current assets (Note 10) | 1,021 | 2,936 |
| Assets of businesses held for sale (Note 2) | 0 | 241 |
| Current assets | 24,621 | 33,177 |
| Investment securities (Note 3) | 42,515 | 38,514 |
| Financing receivables net (Note 5) | 1,771 | 2,057 |
| Other GE Capital receivables | 5,076 | 4,886 |
| Property, plant and equipment net (Note 7) | 29,600 | 29,886 |
| Receivable from GE Capital | 0 | 0 |
| Goodwill (Note 8) | 0 | 839 |
| Other intangible assets net (Note 8) | 143 | 192 |
| Contract and other deferred assets (Note 9) | 0 | 0 |
| All other assets (Note 10) | 7,068 | 6,294 |
| Deferred income taxes (Note 15) | 2,731 | 1,700 |
| Assets of discontinued operations (Note 2) | 3,388 | 3,907 |
| Total assets | 116,914 | 121,454 |
| Short-term borrowings (Note 11) | 2,028 | 13,598 |
| Short-term borrowings assumed by GE (Note 11) | 2,432 | 2,104 |
| Accounts payable and equipment project accruals | 947 | 886 |
| Progress collections and deferred income | 0 | 0 |
| All other current liabilities (Note 14) | 3,890 | 4,052 |
| Liabilities of businesses held for sale (Note 2) | 0 | 52 |
| Current liabilities | 9,297 | 20,691 |
| Deferred income (Note 9) | 0 | 0 |
| Long-term borrowings (Note 11) | 30,902 | 26,261 |
| Long-term borrowings assumed by GE (Note 11) | 16,780 | 17,038 |
| Insurance liabilities and annuity benefits (Note 12) | 42,565 | 40,232 |
| Non-current compensation and benefits | 453 | 472 |
| All other liabilities (Note 14) | 1,151 | 1,226 |
| Liabilities of discontinued operations (Note 2) | 61 | 97 |
| Total liabilities | 101,210 | 106,016 |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2020 and December 31, 2019) | 6 | 6 |
| Common stock (8,765,493,000 and 8,738,434,000 shares outstanding at December 31, 2020 and December 31, 2019, respectively) | 0 | 0 |
| Accumulated other comprehensive income (loss) net attributable to GE | (804) | (852) |
| Other capital | 19,007 | 17,001 |
| Retained earnings | (2,663) | (857) |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareholders equity | 15,545 | 15,299 |
| Noncontrolling interests (Note 16) | 159 | 139 |
| Total equity | 15,704 | 15,438 |
| Total liabilities and equity | 116,914 | 121,454 |
| Restricted cash subject to regulatory restrictions | 455 | 583 |
| Consolidated Entities | ||
| GE Industrial | ||
| Cash, cash equivalents and restricted cash | 23,209 | 17,613 |
| Investment securities (Note 3) | 7,319 | 9,888 |
| Current receivables (Note 4) | 13,442 | 13,682 |
| Financing receivables net (Note 5) | 0 | 0 |
| Inventories, including deferred inventory costs (Note 6) | 15,890 | 17,215 |
| Other GE Capital receivables | 0 | 0 |
| Receivable from GE Capital | 2,432 | 2,104 |
| Current contract assets (Note 9) | 5,764 | 7,390 |
| All other current assets (Note 10) | 835 | 852 |
| Assets of businesses held for sale (Note 2) | 0 | 8,626 |
| Current assets | 68,892 | 77,371 |
| Investment securities (Note 3) | 36 | 120 |
| Financing receivables net (Note 5) | 0 | 0 |
| Other GE Capital receivables | 0 | 0 |
| Property, plant and equipment net (Note 7) | 16,433 | 17,447 |
| Receivable from GE Capital | 16,780 | 17,038 |
| Goodwill (Note 8) | 25,524 | 25,895 |
| Other intangible assets net (Note 8) | 9,632 | 10,461 |
| Contract and other deferred assets (Note 9) | 5,921 | 5,769 |
| All other assets (Note 10) | 7,948 | 7,748 |
| Deferred income taxes (Note 15) | 9,350 | 8,189 |
| Assets of discontinued operations (Note 2) | 144 | 202 |
| Total assets | 160,658 | 170,238 |
| Short-term borrowings (Note 11) | 918 | 5,606 |
| Short-term borrowings assumed by GE (Note 11) | 2,432 | 5,473 |
| Accounts payable and equipment project accruals | 16,380 | 19,134 |
| Progress collections and deferred income | 18,371 | 18,575 |
| All other current liabilities (Note 14) | 14,131 | 15,251 |
| Liabilities of businesses held for sale (Note 2) | 0 | 1,620 |
| Current liabilities | 52,232 | 65,660 |
| Deferred income (Note 9) | 1,801 | 1,555 |
| Long-term borrowings (Note 11) | 19,428 | 15,085 |
| Long-term borrowings assumed by GE (Note 11) | 19,957 | 25,895 |
| Insurance liabilities and annuity benefits (Note 12) | 0 | 0 |
| Non-current compensation and benefits | 29,291 | 31,208 |
| All other liabilities (Note 14) | 16,440 | 16,306 |
| Liabilities of discontinued operations (Note 2) | 139 | 106 |
| Total liabilities | 139,289 | 155,815 |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2020 and December 31, 2019) | 6 | 6 |
| Common stock (8,765,493,000 and 8,738,434,000 shares outstanding at December 31, 2020 and December 31, 2019, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) net attributable to GE | (8,945) | (10,881) |
| Other capital | 15,294 | 17,398 |
| Retained earnings | 94,910 | 88,589 |
| Less common stock held in treasury | (81,961) | (82,797) |
| Total GE shareholders equity | 20,006 | 13,017 |
| Noncontrolling interests (Note 16) | 1,363 | 1,406 |
| Total equity | 21,369 | 14,423 |
| Total liabilities and equity | 160,658 | 170,238 |
| [1] Excluded $455 million and $583 million at December 31, 2020 and 2019, respectively, in GE Capital insurance entities, which is subject to regulatory restrictions. This balance is included in All other assets. See Note 10 for further information. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2020 | |
| 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 |