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: 2009 | |||
Statement of Earnings | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 19, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Revenues | |||
| Sales of goods | $ 65,068 [1] | 69,100 | 60,670 |
| Sales of services | 38,709 | 43,669 | 38,856 |
| Other income (Note 17) | 1,006 | 1,586 | 3,019 |
| GECS earnings from continuing operations | 0 | 0 | 0 |
| GECS revenues from services (Note 18) | 52,000 | 68,160 | 69,943 |
| Total revenues | 156,783 | 182,515 | 172,488 |
| Costs and expenses (Note 19) | |||
| Cost of goods sold | 50,580 | 54,602 | 47,309 |
| Cost of services sold | 25,341 | 29,170 | 25,816 |
| Interest and other financial charges | 18,769 | 26,209 | 23,762 |
| Investment contracts, insurance losses and insurance annuity benefits | 3,017 | 3,213 | 3,469 |
| Provision for losses on financing receivables (Note 6) | 10,928 | 7,518 | 4,431 |
| Other costs and expenses | 37,804 | 42,021 | 40,173 |
| Total costs and expenses | 146,439 | 162,733 | 144,960 |
| Earnings (loss) from continuing operations before income taxes | 10,344 | 19,782 | 27,528 |
| Benefit (provision) for income taxes (Note 14) | 1,090 | (1,052) | (4,155) |
| Earnings from continuing operations | 11,434 | 18,730 | 23,373 |
| Loss from discontinued operations, net of taxes (Note 2) | (193) | (679) | (249) |
| Net earnings | 11,241 | 18,051 | 23,124 |
| Less net earnings attributable to noncontrolling interests | 216 | 641 | 916 |
| Net earnings attributable to the Company | 11,025 | 17,410 | 22,208 |
| Preferred stock dividends declared | (300) | (75) | 0 |
| Net earnings attributable to GE common shareowners | 10,725 | 17,335 | 22,208 |
| Amounts attributable to the Company | |||
| Earnings from continuing operations | 11,218 | 18,089 | 22,457 |
| Loss from discontinued operations, net of taxes | (193) | (679) | (249) |
| Net earnings attributable to the Company | 11,025 | 17,410 | 22,208 |
| Per-share amounts (Note 20) | |||
| Earnings from continuing operations | |||
| Diluted earnings per share | 1.03 | 1.78 | 2.20 |
| Basic earnings per share | 1.03 | 1.79 | 2.21 |
| Net earnings | |||
| Diluted earnings per share | 1.01 | 1.72 | 2.17 |
| Basic earnings per share | 1.01 | 1.72 | 2.18 |
| Dividends declared per share | 0.61 | 1.24 | 1.15 |
| Statements by entity | |||
| GE | |||
| Sales of goods | 64,211 | 67,637 | 60,374 |
| Sales of services | 39,246 | 44,377 | 39,422 |
| Other income (Note 17) | 1,179 | 1,965 | 3,371 |
| GECS earnings from continuing operations | 1,590 | 7,774 | 12,417 |
| GECS revenues from services (Note 18) | 0 | 0 | 0 |
| Total revenues | 106,226 | 121,753 | 115,584 |
| Cost of goods sold | 49,886 | 53,395 | 47,103 |
| Cost of services sold | 25,878 | 29,878 | 26,382 |
| Interest and other financial charges | 1,478 | 2,153 | 1,993 |
| Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
| Provision for losses on financing receivables (Note 6) | 0 | 0 | 0 |
| Other costs and expenses | 14,842 | 14,401 | 14,148 |
| Total costs and expenses | 92,084 | 99,827 | 89,626 |
| Earnings (loss) from continuing operations before income taxes | 14,142 | 21,926 | 25,958 |
| Benefit (provision) for income taxes (Note 14) | (2,739) | (3,427) | (2,794) |
| Earnings from continuing operations | 11,403 | 18,499 | 23,164 |
| Loss from discontinued operations, net of taxes (Note 2) | (193) | (679) | (249) |
| Net earnings | 11,210 | 17,820 | 22,915 |
| Less net earnings attributable to noncontrolling interests | 185 | 410 | 707 |
| Net earnings attributable to the Company | 11,025 | 17,410 | 22,208 |
| Preferred stock dividends declared | (300) | (75) | 0 |
| Net earnings attributable to GE common shareowners | 10,725 | 17,335 | 22,208 |
| Earnings from continuing operations | 11,218 | 18,089 | 22,457 |
| Loss from discontinued operations, net of taxes | (193) | (679) | (249) |
| Net earnings attributable to the Company | 11,025 | 17,410 | 22,208 |
| Financial Services (GECS) | |||
| Sales of goods | 970 | 1,773 | 718 |
| Sales of services | 0 | 0 | 0 |
| Other income (Note 17) | 0 | 0 | 0 |
| GECS earnings from continuing operations | 0 | 0 | 0 |
| GECS revenues from services (Note 18) | 53,193 | 69,514 | 71,218 |
| Total revenues | 54,163 | 71,287 | 71,936 |
| Cost of goods sold | 808 | 1,517 | 628 |
| Cost of services sold | 0 | 0 | 0 |
| Interest and other financial charges | 17,942 | 25,116 | 22,706 |
| Investment contracts, insurance losses and insurance annuity benefits | 3,193 | 3,421 | 3,647 |
| Provision for losses on financing receivables (Note 6) | 10,928 | 7,518 | 4,431 |
| Other costs and expenses | 23,500 | 28,085 | 26,537 |
| Total costs and expenses | 56,371 | 65,657 | 57,949 |
| Earnings (loss) from continuing operations before income taxes | (2,208) | 5,630 | 13,987 |
| Benefit (provision) for income taxes (Note 14) | 3,829 | 2,375 | (1,361) |
| Earnings from continuing operations | 1,621 | 8,005 | 12,626 |
| Loss from discontinued operations, net of taxes (Note 2) | (175) | (719) | (2,116) |
| Net earnings | 1,446 | 7,286 | 10,510 |
| Less net earnings attributable to noncontrolling interests | 31 | 231 | 209 |
| Net earnings attributable to the Company | 1,415 | 7,055 | 10,301 |
| Preferred stock dividends declared | 0 | 0 | 0 |
| Net earnings attributable to GE common shareowners | 1,415 | 7,055 | 10,301 |
| Earnings from continuing operations | 1,590 | 7,774 | 12,417 |
| Loss from discontinued operations, net of taxes | (175) | (719) | (2,116) |
| Net earnings attributable to the Company | 1,415 | 7,055 | 10,301 |
| [1] See Note 3 for other-than-temporary impairment amounts. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2009 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 19, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash flows - operating activities | |||
| Net earnings | $ 11,241 | 18,051 | 23,124 |
| Less net earnings attributable to noncontrolling interests | 216 | 641 | 916 |
| Net earnings attributable to the Company | 11,025 | 17,410 | 22,208 |
| Loss from discontinued operations | 193 | 679 | 249 |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 10,636 | 11,492 | 10,275 |
| Earnings from continuing operations retained by GECS | 0 | 0 | 0 |
| Deferred income taxes | (2,705) | (1,284) | 657 |
| Decrease (increase) in GE current receivables | 3,273 | (24) | (868) |
| Decrease (increase) in inventories | 1,101 | (719) | (1,562) |
| Increase (decrease) in accounts payable | (480) | (1,078) | (997) |
| Increase (decrease) in GE progress collections | (500) | 2,827 | 4,622 |
| Provision for losses on financing receivables (Note 6) | 10,928 | 7,518 | 4,431 |
| All other operating activities (Note 25) | (8,747) | 11,020 | 927 |
| Cash from (used for) operating activities - continuing operations | 24,724 | 47,841 | 39,942 |
| Cash from (used for) operating activities - discontinued operations | (131) | 760 | 3,380 |
| Cash from (used for) operating activities | 24,593 | 48,601 | 43,322 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (8,634) | (16,010) | (17,803) |
| Dispositions of property, plant and equipment | 6,479 | 10,975 | 8,457 |
| Net decrease (increase) in GECS financing receivables | 43,690 | (17,484) | (44,237) |
| Proceeds from sales of discontinued operations | 0 | 5,423 | 11,574 |
| Proceeds from principal business dispositions | 9,978 | 4,986 | 2,746 |
| Payments for principal businesses purchased | (6,130) | (28,110) | (17,215) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| All other investing activities | (2,520) | 5,695 | (9,910) |
| Cash from (used for) investing activities - continuing operations | 42,863 | (34,525) | (66,388) |
| Cash from (used for) investing activities - discontinued operations | 134 | (876) | (3,116) |
| Cash from (used for) investing activities | 42,997 | (35,401) | (69,504) |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (25,741) | (48,454) | 308 |
| Net increase (decrease) in bank deposits | (3,986) | 20,623 | 2,144 |
| Newly issued debt (maturities longer than 90 days) | 82,959 | 116,569 | 100,528 |
| Repayments and other reductions (maturities longer than 90 days) | (85,178) | (69,050) | (49,874) |
| Proceeds from issuance of preferred stock and warrants | 0 | 2,965 | 0 |
| Proceeds from issuance of common stock | 0 | 12,006 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 623 | (1,249) | (12,319) |
| Dividends paid to shareowners | (8,986) | (12,408) | (11,492) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| All other financing activities | (3,204) | (1,862) | (1,204) |
| Cash from (used for) financing activities - continuing operations | (43,513) | 19,140 | 28,091 |
| Cash from (used for) financing activities - discontinued operations | 0 | (4) | (154) |
| Cash from (used for) financing activities | (43,513) | 19,136 | 27,937 |
| Increase (decrease) in cash and equivalents | 24,077 | 32,336 | 1,755 |
| Cash and equivalents at beginning of year | 48,367 | 16,031 | 14,276 |
| Cash and equivalents at end of year | 72,444 | 48,367 | 16,031 |
| Less cash and equivalents of discontinued operations at end of year | 184 | 180 | 300 |
| Cash and equivalents of continuing operations at end of year | 72,260 | 48,187 | 15,731 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (19,601) | (25,853) | (23,340) |
| Cash recovered (paid) during the year for income taxes | (2,535) | (3,237) | (2,912) |
| Statements by entity | |||
| GE | |||
| Net earnings | 11,210 | 17,820 | 22,915 |
| Less net earnings attributable to noncontrolling interests | 185 | 410 | 707 |
| Net earnings attributable to the Company | 11,025 | 17,410 | 22,208 |
| Loss from discontinued operations | 193 | 679 | 249 |
| Depreciation and amortization of property, plant and equipment | 2,311 | 2,162 | 2,149 |
| Earnings from continuing operations retained by GECS | (1,590) | (5,423) | (5,126) |
| Deferred income taxes | (460) | (417) | 564 |
| Decrease (increase) in GE current receivables | 3,056 | (168) | 14 |
| Decrease (increase) in inventories | 1,188 | (524) | (1,496) |
| Increase (decrease) in accounts payable | (918) | 233 | (1,073) |
| Increase (decrease) in GE progress collections | (257) | 2,896 | 4,620 |
| Provision for losses on financing receivables (Note 6) | 0 | 0 | 0 |
| All other operating activities (Note 25) | 2,033 | 2,238 | 1,192 |
| Cash from (used for) operating activities - continuing operations | 16,581 | 19,086 | 23,301 |
| Cash from (used for) operating activities - discontinued operations | 2 | (5) | (857) |
| Cash from (used for) operating activities | 16,583 | 19,081 | 22,444 |
| Additions to property, plant and equipment | (2,429) | (2,996) | (2,968) |
| Dispositions of property, plant and equipment | 0 | 0 | 0 |
| Net decrease (increase) in GECS financing receivables | 0 | 0 | 0 |
| Proceeds from sales of discontinued operations | 0 | 203 | 10,826 |
| Proceeds from principal business dispositions | 890 | 58 | 1,047 |
| Payments for principal businesses purchased | (428) | (3,149) | (9,645) |
| Capital contribution from GE to GECS | (9,500) | (5,500) | 0 |
| All other investing activities | (198) | 324 | (1,697) |
| Cash from (used for) investing activities - continuing operations | (11,665) | (11,060) | (2,437) |
| Cash from (used for) investing activities - discontinued operations | (2) | 5 | 1,003 |
| Cash from (used for) investing activities | (11,667) | (11,055) | (1,434) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 317 | (2,152) | (3,284) |
| Net increase (decrease) in bank deposits | 0 | 0 | 0 |
| Newly issued debt (maturities longer than 90 days) | 1,883 | 136 | 8,751 |
| Repayments and other reductions (maturities longer than 90 days) | (1,675) | (1,936) | (298) |
| Proceeds from issuance of preferred stock and warrants | 0 | 2,965 | 0 |
| Proceeds from issuance of common stock | 0 | 12,006 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 623 | (1,249) | (12,319) |
| Dividends paid to shareowners | (8,986) | (12,408) | (11,492) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| All other financing activities | (514) | 0 | 0 |
| Cash from (used for) financing activities - continuing operations | (8,352) | (2,638) | (18,642) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | (146) |
| Cash from (used for) financing activities | (8,352) | (2,638) | (18,788) |
| Increase (decrease) in cash and equivalents | (3,436) | 5,388 | 2,222 |
| Cash and equivalents at beginning of year | 12,090 | 6,702 | 4,480 |
| Cash and equivalents at end of year | 8,654 | 12,090 | 6,702 |
| Less cash and equivalents of discontinued operations at end of year | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 8,654 | 12,090 | 6,702 |
| Cash paid during the year for interest | (768) | (1,190) | (1,466) |
| Cash recovered (paid) during the year for income taxes | (3,078) | (2,627) | (4,036) |
| Financial Services (GECS) | |||
| Net earnings | 1,446 | 7,286 | 10,510 |
| Less net earnings attributable to noncontrolling interests | 31 | 231 | 209 |
| Net earnings attributable to the Company | 1,415 | 7,055 | 10,301 |
| Loss from discontinued operations | 175 | 719 | 2,116 |
| Depreciation and amortization of property, plant and equipment | 8,325 | 9,330 | 8,126 |
| Earnings from continuing operations retained by GECS | 0 | 0 | 0 |
| Deferred income taxes | (2,245) | (867) | 93 |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | (6) | (14) | 2 |
| Increase (decrease) in accounts payable | (379) | (1,045) | 485 |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| Provision for losses on financing receivables (Note 6) | 10,928 | 7,518 | 4,431 |
| All other operating activities (Note 25) | (10,654) | 8,508 | (539) |
| Cash from (used for) operating activities - continuing operations | 7,559 | 31,204 | 25,015 |
| Cash from (used for) operating activities - discontinued operations | (133) | 765 | 4,039 |
| Cash from (used for) operating activities | 7,426 | 31,969 | 29,054 |
| Additions to property, plant and equipment | (6,443) | (13,321) | (15,217) |
| Dispositions of property, plant and equipment | 6,479 | 10,975 | 8,457 |
| Net decrease (increase) in GECS financing receivables | 43,952 | (17,375) | (44,164) |
| Proceeds from sales of discontinued operations | 0 | 5,220 | 117 |
| Proceeds from principal business dispositions | 9,088 | 4,928 | 1,699 |
| Payments for principal businesses purchased | (5,702) | (24,961) | (7,570) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| All other investing activities | (1,686) | 5,979 | (8,730) |
| Cash from (used for) investing activities - continuing operations | 45,688 | (28,555) | (65,408) |
| Cash from (used for) investing activities - discontinued operations | 136 | (881) | (3,921) |
| Cash from (used for) investing activities | 45,824 | (29,436) | (69,329) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (26,882) | (45,515) | 1,642 |
| Net increase (decrease) in bank deposits | (3,986) | 20,623 | 2,144 |
| Newly issued debt (maturities longer than 90 days) | 81,186 | 116,117 | 91,678 |
| Repayments and other reductions (maturities longer than 90 days) | (83,503) | (67,114) | (49,576) |
| Proceeds from issuance of preferred stock and warrants | 0 | 0 | 0 |
| Proceeds from issuance of common stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | 0 | (2,351) | (7,291) |
| Capital contribution from GE to GECS | 9,500 | 5,500 | 0 |
| All other financing activities | (2,691) | (1,862) | (1,204) |
| Cash from (used for) financing activities - continuing operations | (26,376) | 25,398 | 37,393 |
| Cash from (used for) financing activities - discontinued operations | 0 | (4) | (8) |
| Cash from (used for) financing activities | (26,376) | 25,394 | 37,385 |
| Increase (decrease) in cash and equivalents | 26,874 | 27,927 | (2,890) |
| Cash and equivalents at beginning of year | 37,666 | 9,739 | 12,629 |
| Cash and equivalents at end of year | 64,540 | 37,666 | 9,739 |
| Less cash and equivalents of discontinued operations at end of year | 184 | 180 | 300 |
| Cash and equivalents of continuing operations at end of year | 64,356 | 37,486 | 9,439 |
| Cash paid during the year for interest | (18,833) | (24,663) | (21,874) |
| Cash recovered (paid) during the year for income taxes | 543 | (610) | 1,124 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GENERAL ELECTRIC CO | ||
Ticker: GE Fiscal Year: 2009 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2009 10-K (Filed: Feb 19, 2010) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2009 | Dec 31, 2008 | |
| Assets | ||
| Cash and equivalents | $ 72,260 | 48,187 |
| Investment securities (Note 3) | 51,941 | 41,446 |
| Current receivables (Note 4) | 16,458 | 21,411 |
| Inventories (Note 5) | 11,987 | 13,674 |
| Financing receivables - net (Note 6) | 329,232 | 365,168 |
| Other GECS receivables | 14,177 | 13,439 |
| Property, plant and equipment - net (Note 7) | 69,212 | 78,530 |
| Investment in GECS | 0 | 0 |
| Goodwill (Note 8) | 65,574 | 81,759 |
| Other intangible assets - net (Note 8) | 11,929 | 14,977 |
| All other assets (Note 9) | 103,417 | 106,899 |
| Assets of businesses held for sale (Note 2) | 34,111 | 10,556 |
| Assets of discontinued operations (Note 2) | 1,520 | 1,723 |
| Total assets | 781,818 | 797,769 |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 133,054 | 164,061 |
| Accounts payable, principally trade accounts | 19,703 | 20,819 |
| Progress collections and price adjustments accrued | 12,192 | 12,536 |
| Dividends payable | 1,141 | 3,340 |
| Other GE current liabilities | 13,386 | 18,220 |
| Bank deposits (Note 10) | 38,923 | 36,854 |
| Long-term borrowings (Note 10) | 338,215 | 322,847 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 31,641 | 34,032 |
| All other liabilities (Note 13) | 58,861 | 64,796 |
| Deferred income taxes (Note 14) | 2,173 | 4,584 |
| Liabilities of businesses held for sale (Note 2) | 6,092 | 636 |
| Liabilities of discontinued operations (Note 2) | 1,301 | 1,432 |
| Total liabilities | 656,682 | 684,157 |
| Preferred stock (30,000 shares outstanding at both year-end 2009 and 2008) | 0 | 0 |
| Common stock (10,663,075,000 and 10,536,897,000 shares outstanding at year-end 2009 and 2008, respectively) | 702 | 702 |
| Accumulated other comprehensive income - net | ||
| Investment securities | (435) | (3,094) |
| Currency translation adjustments | 3,836 | (299) |
| Cash flow hedges | (1,734) | (3,332) |
| Benefit plans | (16,932) | (15,128) |
| Other capital | 37,729 | 40,390 |
| Retained earnings | 126,363 | 122,123 |
| Less common stock held in treasury | (32,238) | (36,697) |
| Total GE shareowners' equity | 117,291 | 104,665 |
| Noncontrolling interests | 7,845 | 8,947 |
| Total equity (Notes 15 and 16) | 125,136 | 113,612 |
| Total liabilities and equity | 781,818 | 797,769 |
| Statements by entity | ||
| GE | ||
| Cash and equivalents | 8,654 | 12,090 |
| Investment securities (Note 3) | 30 | 213 |
| Current receivables (Note 4) | 9,818 | 15,064 |
| Inventories (Note 5) | 11,916 | 13,597 |
| Financing receivables - net (Note 6) | 0 | 0 |
| Other GECS receivables | 0 | 0 |
| Property, plant and equipment - net (Note 7) | 12,495 | 14,433 |
| Investment in GECS | 70,833 | 53,279 |
| Goodwill (Note 8) | 36,613 | 56,394 |
| Other intangible assets - net (Note 8) | 8,450 | 11,364 |
| All other assets (Note 9) | 17,097 | 22,435 |
| Assets of businesses held for sale (Note 2) | 33,986 | 0 |
| Assets of discontinued operations (Note 2) | 50 | 64 |
| Total assets | 209,942 | 198,933 |
| Short-term borrowings (Note 10) | 504 | 2,375 |
| Accounts payable, principally trade accounts | 10,373 | 11,699 |
| Progress collections and price adjustments accrued | 12,957 | 13,058 |
| Dividends payable | 1,141 | 3,340 |
| Other GE current liabilities | 13,386 | 18,284 |
| Bank deposits (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 11,681 | 9,827 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| All other liabilities (Note 13) | 35,232 | 32,767 |
| Deferred income taxes (Note 14) | (4,620) | (3,949) |
| Liabilities of businesses held for sale (Note 2) | 6,037 | 0 |
| Liabilities of discontinued operations (Note 2) | 163 | 189 |
| Total liabilities | 86,854 | 87,590 |
| Preferred stock (30,000 shares outstanding at both year-end 2009 and 2008) | 0 | 0 |
| Common stock (10,663,075,000 and 10,536,897,000 shares outstanding at year-end 2009 and 2008, respectively) | 702 | 702 |
| Investment securities | (435) | (3,094) |
| Currency translation adjustments | 3,836 | (299) |
| Cash flow hedges | (1,734) | (3,332) |
| Benefit plans | (16,932) | (15,128) |
| Other capital | 37,729 | 40,390 |
| Retained earnings | 126,363 | 122,123 |
| Less common stock held in treasury | (32,238) | (36,697) |
| Total GE shareowners' equity | 117,291 | 104,665 |
| Noncontrolling interests | 5,797 | 6,678 |
| Total equity (Notes 15 and 16) | 123,088 | 111,343 |
| Total liabilities and equity | 209,942 | 198,933 |
| Financial Services (GECS) | ||
| Cash and equivalents | 64,356 | 37,486 |
| Investment securities (Note 3) | 51,913 | 41,236 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 71 | 77 |
| Financing receivables - net (Note 6) | 336,926 | 372,456 |
| Other GECS receivables | 18,752 | 18,636 |
| Property, plant and equipment - net (Note 7) | 56,717 | 64,097 |
| Investment in GECS | 0 | 0 |
| Goodwill (Note 8) | 28,961 | 25,365 |
| Other intangible assets - net (Note 8) | 3,479 | 3,613 |
| All other assets (Note 9) | 87,471 | 85,721 |
| Assets of businesses held for sale (Note 2) | 125 | 10,556 |
| Assets of discontinued operations (Note 2) | 1,470 | 1,659 |
| Total assets | 650,241 | 660,902 |
| Short-term borrowings (Note 10) | 133,939 | 163,899 |
| Accounts payable, principally trade accounts | 13,275 | 13,882 |
| Progress collections and price adjustments accrued | 0 | 0 |
| Dividends payable | 0 | 0 |
| Other GE current liabilities | 0 | 0 |
| Bank deposits (Note 10) | 38,923 | 36,854 |
| Long-term borrowings (Note 10) | 327,472 | 313,848 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 32,009 | 34,369 |
| All other liabilities (Note 13) | 23,756 | 32,090 |
| Deferred income taxes (Note 14) | 6,793 | 8,533 |
| Liabilities of businesses held for sale (Note 2) | 55 | 636 |
| Liabilities of discontinued operations (Note 2) | 1,138 | 1,243 |
| Total liabilities | 577,360 | 605,354 |
| Preferred stock (30,000 shares outstanding at both year-end 2009 and 2008) | 0 | 0 |
| Common stock (10,663,075,000 and 10,536,897,000 shares outstanding at year-end 2009 and 2008, respectively) | 1 | 1 |
| Investment securities | (436) | (3,097) |
| Currency translation adjustments | 1,372 | (1,258) |
| Cash flow hedges | (1,769) | (3,134) |
| Benefit plans | (434) | (367) |
| Other capital | 27,591 | 18,079 |
| Retained earnings | 44,508 | 43,055 |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareowners' equity | 70,833 | 53,279 |
| Noncontrolling interests | 2,048 | 2,269 |
| Total equity (Notes 15 and 16) | 72,881 | 55,548 |
| Total liabilities and equity | 650,241 | 660,902 |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2009 | |
| 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 |