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: 2010 | |||
Statement of Earnings | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Revenues | |||
| Sales of goods | $ 60,812 | 65,067 | 69,100 |
| Sales of services | 39,625 | 38,710 | 43,669 |
| Other income (Note 17) | 1,151 | 1,006 | 1,586 |
| GECS earnings from continuing operations | |||
| GECS revenues from services (Note 18) | 48,623 | 50,495 | 67,226 |
| Total revenues | 150,211 | 155,278 | 181,581 |
| Costs and expenses (Note 19) | |||
| Cost of goods sold | 46,005 | 50,580 | 54,602 |
| Cost of services sold | 25,708 | 25,341 | 29,170 |
| Interest and other financial charges | 15,983 | 18,309 | 25,758 |
| Investment contracts, insurance losses and insurance annuity benefits | 3,012 | 3,017 | 3,213 |
| Provision for losses on financing receivables (Notes 6 and 23) | 7,191 | 10,627 | 7,233 |
| Other costs and expenses | 38,104 | 37,409 | 41,835 |
| Total costs and expenses | 136,003 | 145,283 | 161,811 |
| Earnings (loss) from continuing operations before income taxes | 14,208 | 9,995 | 19,770 |
| Benefit (provision) for income taxes (Note 14) | (1,050) | 1,148 | (1,102) |
| Earnings from continuing operations | 13,158 | 11,143 | 18,668 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (979) | 82 | (617) |
| Net earnings | 12,179 | 11,225 | 18,051 |
| Less net earnings attributable to noncontrolling interests | 535 | 200 | 641 |
| Net earnings attributable to the Company | 11,644 | 11,025 | 17,410 |
| Preferred stock dividends declared | (300) | (300) | (75) |
| Net earnings attributable to GE common shareowners | 11,344 | 10,725 | 17,335 |
| Amounts attributable to the Company | |||
| Earnings from continuing operations | 12,623 | 10,943 | 18,027 |
| Earnings (loss) from discontinued operations, net of taxes | (979) | 82 | (617) |
| Net earnings attributable to the Company | 11,644 | 11,025 | 17,410 |
| Per-share amounts (Note 20) | |||
| Earnings from continuing operations | |||
| Diluted earnings per share | 1.15 | 1.00 | 1.78 |
| Basic earnings per share | 1.15 | 1.00 | 1.78 |
| Net earnings | |||
| Diluted earnings per share | 1.06 | 1.01 | 1.72 |
| Basic earnings per share | 1.06 | 1.01 | 1.72 |
| Dividends declared per share | 0.46 | 0.61 | 1.24 |
| Statements by entity | |||
| Financial Services (GECS) | |||
| Sales of goods | 533 | 970 | 1,773 |
| Sales of services | |||
| Other income (Note 17) | |||
| GECS earnings from continuing operations | |||
| GECS revenues from services (Note 18) | 49,966 | 51,688 | 68,580 |
| Total revenues | 50,499 | 52,658 | 70,353 |
| Cost of goods sold | 501 | 808 | 1,517 |
| Cost of services sold | |||
| Interest and other financial charges | 14,956 | 17,482 | 24,665 |
| Investment contracts, insurance losses and insurance annuity benefits | 3,197 | 3,193 | 3,421 |
| Provision for losses on financing receivables (Notes 6 and 23) | 7,191 | 10,627 | 7,233 |
| Other costs and expenses | 22,482 | 23,105 | 27,899 |
| Total costs and expenses | 48,327 | 55,215 | 64,735 |
| Earnings (loss) from continuing operations before income taxes | 2,172 | (2,557) | 5,618 |
| Benefit (provision) for income taxes (Note 14) | 974 | 3,887 | 2,325 |
| Earnings from continuing operations | 3,146 | 1,330 | 7,943 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (975) | 100 | (657) |
| Net earnings | 2,171 | 1,430 | 7,286 |
| Less net earnings attributable to noncontrolling interests | 16 | 15 | 231 |
| Net earnings attributable to the Company | 2,155 | 1,415 | 7,055 |
| Preferred stock dividends declared | |||
| Net earnings attributable to GE common shareowners | 2,155 | 1,415 | 7,055 |
| Earnings from continuing operations | 3,130 | 1,315 | 7,712 |
| Earnings (loss) from discontinued operations, net of taxes | (975) | 100 | (657) |
| Net earnings attributable to the Company | 2,155 | 1,415 | 7,055 |
| GE | |||
| Sales of goods | 60,345 | 64,211 | 67,637 |
| Sales of services | 39,875 | 39,246 | 44,377 |
| Other income (Note 17) | 1,285 | 1,179 | 1,965 |
| GECS earnings from continuing operations | 3,130 | 1,315 | 7,712 [1] |
| GECS revenues from services (Note 18) | |||
| Total revenues | 104,635 | 105,951 | 121,691 |
| Cost of goods sold | 45,570 | 49,886 | 53,395 |
| Cost of services sold | 25,958 | 25,878 | 29,878 |
| Interest and other financial charges | 1,600 | 1,478 | 2,153 |
| Investment contracts, insurance losses and insurance annuity benefits | |||
| Provision for losses on financing receivables (Notes 6 and 23) | |||
| Other costs and expenses | 16,341 | 14,842 | 14,401 |
| Total costs and expenses | 89,469 | 92,084 | 99,827 |
| Earnings (loss) from continuing operations before income taxes | 15,166 | 13,867 | 21,864 |
| Benefit (provision) for income taxes (Note 14) | (2,024) | (2,739) | (3,427) |
| Earnings from continuing operations | 13,142 | 11,128 | 18,437 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (979) | 82 | (617) |
| Net earnings | 12,163 | 11,210 | 17,820 |
| Less net earnings attributable to noncontrolling interests | 519 | 185 | 410 |
| Net earnings attributable to the Company | 11,644 | 11,025 | 17,410 |
| Preferred stock dividends declared | (300) | (300) | (75) |
| Net earnings attributable to GE common shareowners | 11,344 | 10,725 | 17,335 |
| Earnings from continuing operations | 12,623 | 10,943 | 18,027 |
| Earnings (loss) from discontinued operations, net of taxes | (979) | 82 | (617) |
| Net earnings attributable to the Company | 11,644 | 11,025 | 17,410 |
| [1] Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services), which is presented 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: 2010 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash flows - operating activities | |||
| Net earnings | $ 12,179 | 11,225 | 18,051 |
| Less net earnings attributable to noncontrolling interests | 535 | 200 | 641 |
| Net earnings attributable to the Company | 11,644 | 11,025 | 17,410 |
| (Earnings) loss from discontinued operations | 979 | (82) | 617 |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 10,013 | 10,619 | 11,481 |
| Earnings from continuing operations retained by GECS | |||
| Deferred income taxes | 1,046 | (2,793) | (1,282) |
| Decrease (increase) in GE current receivables | (126) | 3,273 | (24) |
| Decrease (increase) in inventories | 342 | 1,101 | (719) |
| Increase (decrease) in accounts payable | 805 | (439) | (1,063) |
| Increase (decrease) in GE progress collections | (1,177) | (500) | 2,827 |
| Provision for losses on GECS financing receivables | 7,191 | 10,627 | 7,233 |
| All other operating activities (Note 25) | 5,075 | (8,433) | 11,214 |
| Cash from (used for) operating activities - continuing operations | 35,792 | 24,398 | 47,694 |
| Cash from (used for) operating activities - discontinued operations | 331 | 19 | 959 |
| Cash from (used for) operating activities | 36,123 | 24,417 | 48,653 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (9,800) | (8,634) | (16,010) |
| Dispositions of property, plant and equipment | 7,208 | 6,478 | 10,954 |
| Net decrease (increase) in GECS financing receivables | 25,010 | 42,917 | (17,143) |
| Proceeds from sales of discontinued operations | 2,510 | 5,423 | |
| Proceeds from principal business dispositions | 3,062 | 9,978 | 4,986 |
| Payments for principal businesses purchased | (1,212) | (7,842) | (28,110) |
| Capital contribution from GE to GECS | |||
| All other investing activities | 7,703 | (2,070) | 6,168 |
| Cash from (used for) investing activities - continuing operations | 34,481 | 40,827 | (33,732) |
| Cash from (used for) investing activities - discontinued operations | (2,045) | 1,551 | (1,036) |
| Cash from (used for) investing activities | 32,436 | 42,378 | (34,768) |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (1,228) | (26,115) | (48,511) |
| Net increase (decrease) in bank deposits | 4,603 | (3,784) | 20,623 |
| Newly issued debt (maturities longer than 90 days) | 47,642 | 82,838 | 116,624 |
| Repayments and other reductions (maturities longer than 90 days) | (100,154) | (85,016) | (68,993) |
| Proceeds from issuance of preferred stock and warrants | 2,965 | ||
| Proceeds from issuance of common stock | 12,006 | ||
| Net dispositions (purchases) of GE shares for treasury | (1,263) | 623 | (1,249) |
| Dividends paid to shareowners | (4,790) | (8,986) | (12,408) |
| Capital contribution from GE to GECS | |||
| Purchases of subsidiary shares from noncontrolling interests | (2,633) | ||
| All other financing activities | (3,647) | (3,204) | (1,862) |
| Cash from (used for) financing activities - continuing operations | (61,470) | (43,644) | 19,195 |
| Cash from (used for) financing activities - discontinued operations | (116) | 131 | (59) |
| Cash from (used for) financing activities | (61,586) | (43,513) | 19,136 |
| Effect of exchange rate changes on cash and equivalents | (333) | 795 | (685) |
| Increase (decrease) in cash and equivalents | 6,640 | 24,077 | 32,336 |
| Cash and equivalents at beginning of year | 72,444 | 48,367 | |
| Cash and equivalents at end of year | 79,084 | 72,444 | 48,367 |
| Less cash and equivalents of discontinued operations at end of year | 126 | 1,956 | 255 |
| Cash and equivalents of continuing operations at end of year | 78,958 | 70,488 | 48,112 |
| Supplemental Cash Flows Information | |||
| Cash paid during the year for interest | (17,132) | (19,601) | (25,853) |
| Cash recovered (paid) during the year for income taxes | (2,671) | (2,535) | (3,237) |
| Statements by entity | |||
| Financial Services (GECS) | |||
| Net earnings | 2,171 | 1,430 | 7,286 |
| Less net earnings attributable to noncontrolling interests | 16 | 15 | 231 |
| Net earnings attributable to the Company | 2,155 | 1,415 | 7,055 |
| (Earnings) loss from discontinued operations | 975 | (100) | 657 |
| Depreciation and amortization of property, plant and equipment | 7,753 | 8,308 | 9,319 |
| Earnings from continuing operations retained by GECS | |||
| Deferred income taxes | 1,423 | (2,333) | (865) |
| Decrease (increase) in GE current receivables | |||
| Decrease (increase) in inventories | 5 | (6) | (14) |
| Increase (decrease) in accounts payable | (194) | (338) | (1,030) |
| Increase (decrease) in GE progress collections | |||
| Provision for losses on GECS financing receivables | 7,191 | 10,627 | 7,233 |
| All other operating activities (Note 25) | 1,862 | (10,164) | 8,650 |
| Cash from (used for) operating activities - continuing operations | 21,170 | 7,409 | 31,005 |
| Cash from (used for) operating activities - discontinued operations | 331 | 17 | 964 |
| Cash from (used for) operating activities | 21,501 | 7,426 | 31,969 |
| Additions to property, plant and equipment | (7,674) | (6,443) | (13,321) |
| Dispositions of property, plant and equipment | 7,208 | 6,478 | 10,954 |
| Net decrease (increase) in GECS financing receivables | 26,298 | 43,179 | (17,034) |
| Proceeds from sales of discontinued operations | 2,510 | 5,220 | |
| Proceeds from principal business dispositions | 1,171 | 9,088 | 4,928 |
| Payments for principal businesses purchased | (559) | (7,414) | (24,961) |
| Capital contribution from GE to GECS | |||
| All other investing activities | 7,401 | (1,236) | 6,452 |
| Cash from (used for) investing activities - continuing operations | 36,355 | 43,652 | (27,762) |
| Cash from (used for) investing activities - discontinued operations | (2,045) | 1,553 | (1,041) |
| Cash from (used for) investing activities | 34,310 | 45,205 | (28,803) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (652) | (27,256) | (45,572) |
| Net increase (decrease) in bank deposits | 4,603 | (3,784) | 20,623 |
| Newly issued debt (maturities longer than 90 days) | 37,970 | 81,065 | 116,172 |
| Repayments and other reductions (maturities longer than 90 days) | (97,600) | (83,341) | (67,057) |
| Proceeds from issuance of preferred stock and warrants | |||
| Proceeds from issuance of common stock | |||
| Net dispositions (purchases) of GE shares for treasury | |||
| Dividends paid to shareowners | (2,351) | ||
| Capital contribution from GE to GECS | 9,500 | 5,500 | |
| Purchases of subsidiary shares from noncontrolling interests | (633) | ||
| All other financing activities | (3,317) | (2,691) | (1,862) |
| Cash from (used for) financing activities - continuing operations | (59,629) | (26,507) | 25,453 |
| Cash from (used for) financing activities - discontinued operations | (116) | 131 | (59) |
| Cash from (used for) financing activities | (59,745) | (26,376) | 25,394 |
| Effect of exchange rate changes on cash and equivalents | (208) | 619 | (633) |
| Increase (decrease) in cash and equivalents | (4,142) | 26,874 | 27,927 |
| Cash and equivalents at beginning of year | 64,540 | 37,666 | |
| Cash and equivalents at end of year | 60,398 | 64,540 | 37,666 |
| Less cash and equivalents of discontinued operations at end of year | 126 | 1,956 | 255 |
| Cash and equivalents of continuing operations at end of year | 60,272 | 62,584 | 37,411 |
| Cash paid during the year for interest | (16,401) | (18,833) | (24,663) |
| Cash recovered (paid) during the year for income taxes | 104 | 543 | (610) |
| GE | |||
| Net earnings | 12,163 | 11,210 | 17,820 |
| Less net earnings attributable to noncontrolling interests | 519 | 185 | 410 |
| Net earnings attributable to the Company | 11,644 | 11,025 | 17,410 |
| (Earnings) loss from discontinued operations | 979 | (82) | 617 |
| Depreciation and amortization of property, plant and equipment | 2,260 | 2,311 | 2,162 |
| Earnings from continuing operations retained by GECS | (3,130) | (1,315) | (5,361) |
| Deferred income taxes | (377) | (460) | (417) |
| Decrease (increase) in GE current receivables | (963) | 3,056 | (168) |
| Decrease (increase) in inventories | 409 | 1,188 | (524) |
| Increase (decrease) in accounts payable | 1,052 | (918) | 233 |
| Increase (decrease) in GE progress collections | (1,158) | (257) | 2,896 |
| Provision for losses on GECS financing receivables | |||
| All other operating activities (Note 25) | 4,030 | 1,857 | 2,290 |
| Cash from (used for) operating activities - continuing operations | 14,746 | 16,405 | 19,138 |
| Cash from (used for) operating activities - discontinued operations | 2 | (5) | |
| Cash from (used for) operating activities | 14,746 | 16,407 | 19,133 |
| Additions to property, plant and equipment | (2,418) | (2,429) | (2,996) |
| Dispositions of property, plant and equipment | |||
| Net decrease (increase) in GECS financing receivables | |||
| Proceeds from sales of discontinued operations | 203 | ||
| Proceeds from principal business dispositions | 1,721 | 890 | 58 |
| Payments for principal businesses purchased | (653) | (428) | (3,149) |
| Capital contribution from GE to GECS | (9,500) | (5,500) [1] | |
| All other investing activities | (550) | (198) | 324 |
| Cash from (used for) investing activities - continuing operations | (1,900) | (11,665) | (11,060) |
| Cash from (used for) investing activities - discontinued operations | (2) | 5 | |
| Cash from (used for) investing activities | (1,900) | (11,667) | (11,055) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (671) | 317 | (2,152) |
| Net increase (decrease) in bank deposits | |||
| Newly issued debt (maturities longer than 90 days) | 9,474 | 1,883 | 136 |
| Repayments and other reductions (maturities longer than 90 days) | (2,554) | (1,675) | (1,936) |
| Proceeds from issuance of preferred stock and warrants | 2,965 | ||
| Proceeds from issuance of common stock | 12,006 | ||
| Net dispositions (purchases) of GE shares for treasury | (1,263) | 623 | (1,249) |
| Dividends paid to shareowners | (4,790) | (8,986) | (12,408) |
| Capital contribution from GE to GECS | |||
| Purchases of subsidiary shares from noncontrolling interests | (2,000) | ||
| All other financing activities | (330) | (514) | |
| Cash from (used for) financing activities - continuing operations | (2,134) | (8,352) | (2,638) |
| Cash from (used for) financing activities - discontinued operations | |||
| Cash from (used for) financing activities | (2,134) | (8,352) | (2,638) |
| Effect of exchange rate changes on cash and equivalents | (125) | 176 | (52) |
| Increase (decrease) in cash and equivalents | 10,587 | (3,436) | 5,388 |
| Cash and equivalents at beginning of year | 8,654 | 12,090 | |
| Cash and equivalents at end of year | 19,241 | 8,654 | 12,090 |
| Less cash and equivalents of discontinued operations at end of year | |||
| Cash and equivalents of continuing operations at end of year | 19,241 | 8,654 | 12,090 |
| Cash paid during the year for interest | (731) | (768) | (1,190) |
| Cash recovered (paid) during the year for income taxes | (2,775) | (3,078) | (2,627) |
| [1] Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services), which is presented 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: 2010 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Cash and equivalents | $ 78,958 | 70,488 |
| Investment securities (Note 3) | 43,938 | 51,343 |
| Current receivables (Note 4) | 18,621 | 16,458 |
| Inventories (Note 5) | 11,526 | 11,987 |
| Financing receivables - net (Notes 6 and 23) | 310,055 | 319,247 |
| Other GECS receivables | 8,951 | 14,056 |
| Property, plant and equipment - net (Note 7) | 66,214 | 68,970 |
| Investment in GECS | ||
| Goodwill(Note 8) | 64,473 | 65,076 |
| Other intangible assets - net (Note 8) | 9,973 | 11,751 |
| All other assets (Note 9) | 96,342 | 103,286 |
| Assets of businesses held for sale (Note 2) | 36,887 | 34,111 |
| Assets of discontinued operations (Note 2) | 5,278 | 15,128 |
| Total assets | 751,216 | 781,901 [1] |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 117,959 | 129,869 |
| Accounts payable, principally trade accounts | 14,657 | 19,527 |
| Progress collections and price adjustments accrued | 11,142 | 12,192 |
| Dividends payable | 1,563 | 1,141 |
| Other GE current liabilities | 11,396 | 13,386 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 30,060 | 3,883 |
| Bank deposits (Note 10) | 37,298 | 33,519 |
| Long-term borrowings (Note 10) | 293,323 | 336,172 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 29,582 | 31,641 |
| All other liabilities (Note 13) | 58,844 | 58,776 |
| Deferred income taxes (Note 14) | 2,840 | 2,081 |
| Liabilities of businesses held for sale (Note 2) | 16,047 | 6,092 |
| Liabilities of discontinued operations (Note 2) | 2,307 | 8,486 |
| Total liabilities | 627,018 | 656,765 |
| Preferred stock (30,000 shares outstanding at both year-end 2010 and 2009) | ||
| Common stock (10,615,376,000 and 10,663,075,000 shares outstanding at year-end 2010 and 2009, respectively) | 702 | 702 |
| Accumulated other comprehensive income - net (b) | ||
| Investment securities | (636) | (435) [2] |
| Currency translation adjustments | (86) | 3,836 |
| Cash flow hedges | (1,280) | (1,734) |
| Benefit plans | (15,853) | (16,932) |
| Other capital | 36,890 | 37,729 |
| Retained earnings | 131,137 | 126,363 |
| Less common stock held in treasury | (31,938) | (32,238) |
| Total GE shareowners' equity | 118,936 | 117,291 |
| Noncontrolling interests | 5,262 | 7,845 [3] |
| Total equity (Notes 15 and 16) | 124,198 | 125,136 |
| Total liabilities and equity | 751,216 | 781,901 |
| Statements by entity | ||
| Financial Services (GECS) | ||
| Cash and equivalents | 60,272 | 62,584 |
| Investment securities (Note 3) | 43,921 | 51,315 |
| Current receivables (Note 4) | ||
| Inventories (Note 5) | 66 | 71 |
| Financing receivables - net (Notes 6 and 23) | 319,277 | 326,941 [4] |
| Other GECS receivables | 14,299 | 18,631 |
| Property, plant and equipment - net (Note 7) | 53,770 | 56,475 |
| Investment in GECS | ||
| Goodwill(Note 8) | 27,593 | 28,463 |
| Other intangible assets - net (Note 8) | 1,885 | 3,301 |
| All other assets (Note 9) | 79,240 | 87,340 |
| Assets of businesses held for sale (Note 2) | 3,127 | 125 |
| Assets of discontinued operations (Note 2) | 5,228 | 15,078 |
| Total assets | 608,678 | 650,324 |
| Short-term borrowings (Note 10) | 118,797 | 130,754 |
| Accounts payable, principally trade accounts | 7,036 | 13,099 |
| Progress collections and price adjustments accrued | ||
| Dividends payable | ||
| Other GE current liabilities | ||
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 30,060 | 3,883 |
| Bank deposits (Note 10) | 37,298 | 33,519 |
| Long-term borrowings (Note 10) | 284,407 | 325,429 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 29,993 | 32,009 |
| All other liabilities (Note 13) | 21,127 | 23,671 |
| Deferred income taxes (Note 14) | 7,077 | 6,701 |
| Liabilities of businesses held for sale (Note 2) | 592 | 55 |
| Liabilities of discontinued operations (Note 2) | 2,143 | 8,323 |
| Total liabilities | 538,530 | 577,443 |
| Preferred stock (30,000 shares outstanding at both year-end 2010 and 2009) | ||
| Common stock (10,615,376,000 and 10,663,075,000 shares outstanding at year-end 2010 and 2009, respectively) | 1 | 1 |
| Investment securities | (639) | (436) |
| Currency translation adjustments | (1,411) | 1,372 |
| Cash flow hedges | (1,281) | (1,769) |
| Benefit plans | (380) | (434) |
| Other capital | 27,626 | 27,591 |
| Retained earnings | 45,068 | 44,508 |
| Less common stock held in treasury | ||
| Total GE shareowners' equity | 68,984 | 70,833 |
| Noncontrolling interests | 1,164 | 2,048 |
| Total equity (Notes 15 and 16) | 70,148 | 72,881 |
| Total liabilities and equity | 608,678 | 650,324 |
| GE | ||
| Cash and equivalents | 19,241 | 8,654 |
| Investment securities (Note 3) | 19 | 30 |
| Current receivables (Note 4) | 10,383 | 9,818 |
| Inventories (Note 5) | 11,460 | 11,916 |
| Financing receivables - net (Notes 6 and 23) | ||
| Other GECS receivables | ||
| Property, plant and equipment - net (Note 7) | 12,444 | 12,495 |
| Investment in GECS | 68,984 | 70,833 |
| Goodwill(Note 8) | 36,880 | 36,613 |
| Other intangible assets - net (Note 8) | 8,088 | 8,450 |
| All other assets (Note 9) | 17,454 | 17,097 |
| Assets of businesses held for sale (Note 2) | 33,760 | 33,986 |
| Assets of discontinued operations (Note 2) | 50 | 50 |
| Total assets | 218,763 | 209,942 |
| Short-term borrowings (Note 10) | 456 | 504 |
| Accounts payable, principally trade accounts | 11,620 | 10,373 |
| Progress collections and price adjustments accrued | 11,841 | 12,957 [5] |
| Dividends payable | 1,563 | 1,141 |
| Other GE current liabilities | 11,396 | 13,386 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | ||
| Bank deposits (Note 10) | ||
| Long-term borrowings (Note 10) | 9,656 | 11,681 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | ||
| All other liabilities (Note 13) | 37,815 | 35,232 |
| Deferred income taxes (Note 14) | (4,237) | (4,620) |
| Liabilities of businesses held for sale (Note 2) | 15,455 | 6,037 |
| Liabilities of discontinued operations (Note 2) | 164 | 163 |
| Total liabilities | 95,729 | 86,854 |
| Preferred stock (30,000 shares outstanding at both year-end 2010 and 2009) | ||
| Common stock (10,615,376,000 and 10,663,075,000 shares outstanding at year-end 2010 and 2009, respectively) | 702 | 702 |
| Investment securities | (636) | (435) |
| Currency translation adjustments | (86) | 3,836 |
| Cash flow hedges | (1,280) | (1,734) |
| Benefit plans | (15,853) | (16,932) |
| Other capital | 36,890 | 37,729 |
| Retained earnings | 131,137 | 126,363 |
| Less common stock held in treasury | (31,938) | (32,238) |
| Total GE shareowners' equity | 118,936 | 117,291 |
| Noncontrolling interests | 4,098 | 5,797 |
| Total equity (Notes 15 and 16) | 123,034 | 123,088 |
| Total liabilities and equity | 218,763 | 209,942 |
| [1] Our consolidated assets at December 31, 2010 include total assets of $49,295 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets include net financing receivables of $38,612 million and investment securities of $6,669 million. Our consolidated liabilities at December 31, 2010 include liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities include non-recourse borrowings of consolidated | ||
| [2] The sum of accumulated other comprehensive income - net was $(17,855) million and $(15,265) million at December 31, 2010 and 2009, respectively. | ||
| [3] Included accumulated other comprehensive income - net attributable to noncontrolling interests of $(153) million and $(188) million at December 31, 2010 and 2009, respectively. | ||
| [4] Financing receivables at December 31, 2010 and December 31, 2009 included $1,503 million and $2,635 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination per ASC 310, Receivables. | ||
| [5] Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services), which is presented on a one-line basis. See Note 1. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2010 | |
| 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 |