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: 2011 | |||
Statement of Earnings | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Statement of Earnings | |||
| Revenues | |||
| Sales of goods | $ 66,875 | 60,812 | 65,067 |
| Sales of services | 27,648 | 39,625 | 38,710 |
| Other income (Note 17) | 5,063 | 1,151 | 1,006 |
| GECS earnings from continuing operations | 0 | 0 | 0 |
| GECS revenues from services (Note 18) | 47,714 | 48,005 | 49,655 |
| Total revenues | 147,300 | 149,593 | 154,438 |
| Costs and expenses (Note 19) | |||
| Cost of goods sold | 51,455 | 46,005 | 50,580 |
| Cost of services sold | 16,823 | 25,708 | 25,341 |
| Interest and other financial charges | 14,545 | 15,553 | 17,697 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,912 | 3,012 | 3,017 |
| Provision for losses on financing receivables (Notes 6 and 23) | 4,083 | 7,176 | 10,585 |
| Other costs and expenses | 37,384 | 38,054 | 37,354 |
| Total costs and expenses | 127,202 | 135,508 | 144,574 |
| Earnings (loss) from continuing operations before income taxes | 20,098 | 14,085 | 9,864 |
| Benefit (provision) for income taxes (Note 14) | (5,732) | (1,033) | 1,142 |
| Earnings from continuing operations | 14,366 | 13,052 | 11,006 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | 77 | (873) | 219 |
| Net earnings (loss) | 14,443 | 12,179 | 11,225 |
| Less net earnings (loss) attributable to noncontrollng interests | 292 | 535 | 200 |
| Net earnings (loss) attributable to the Company | 14,151 | 11,644 | 11,025 |
| Preferred stock dividends declared | (1,031) | (300) | (300) |
| Net earnings (loss) attributable to GE common shareowners | 13,120 | 11,344 | 10,725 |
| Amounts attributable to the Company | |||
| Earnings (loss) from continuing operations | 14,074 | 12,517 | 10,806 |
| Earnings (loss) from discontinued operations, net of taxes | 77 | (873) | 219 |
| Net earnings (loss) attributable to the Company | 14,151 | 11,644 | 11,025 |
| Per-share amounts (Note 20) | |||
| Earnings from continuing operations | |||
| Diluted earnings per share | 1.23 | 1.14 | 0.99 |
| Basic earnings per share | 1.23 | 1.14 | 0.99 |
| Net earnings (loss) | |||
| Diluted earnings per share | 1.23 | 1.06 | 1.01 |
| Basic earnings per share | 1.24 | 1.06 | 1.01 |
| Dividends declared per common share | 0.61 | 0.46 | 0.61 |
| Legal Entity | |||
| Subsidiaries | |||
| Sales of goods | 67,012 | 60,345 | 64,211 |
| Sales of services | 28,024 | 39,875 | 39,246 |
| Other income (Note 17) | 5,269 | 1,285 | 1,179 |
| GECS earnings from continuing operations | 6,432 | 3,023 | 1,177 |
| GECS revenues from services (Note 18) | 0 | 0 | 0 |
| Total revenues | 106,737 | 104,528 | 105,813 |
| Cost of goods sold | 51,605 | 45,570 | 49,886 |
| Cost of services sold | 17,199 | 25,958 | 25,878 |
| Interest and other financial charges | 1,299 | 1,600 | 1,478 |
| Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
| Provision for losses on financing receivables (Notes 6 and 23) | 0 | 0 | 0 |
| Other costs and expenses | 17,556 | 16,340 | 14,841 |
| Total costs and expenses | 87,659 | 89,468 | 92,083 |
| Earnings (loss) from continuing operations before income taxes | 19,078 | 15,060 | 13,730 |
| Benefit (provision) for income taxes (Note 14) | (4,839) | (2,024) | (2,739) |
| Earnings from continuing operations | 14,239 | 13,036 | 10,991 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | 77 | (873) | 219 |
| Net earnings (loss) | 14,316 | 12,163 | 11,210 |
| Less net earnings (loss) attributable to noncontrollng interests | 165 | 519 | 185 |
| Net earnings (loss) attributable to the Company | 14,151 | 11,644 | 11,025 |
| Preferred stock dividends declared | (1,031) | (300) | (300) |
| Net earnings (loss) attributable to GE common shareowners | 13,120 | 11,344 | 10,725 |
| Earnings (loss) from continuing operations | 14,074 [1] | 12,517 | 10,806 |
| Earnings (loss) from discontinued operations, net of taxes | 77 | (873) | 219 |
| Net earnings (loss) attributable to the Company | 14,151 | 11,644 | 11,025 |
| Subsidiaries GECS | |||
| Sales of goods | 148 | 533 | 970 |
| 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) | 48,933 | 49,348 | 50,848 |
| Total revenues | 49,081 | 49,881 | 51,818 |
| Cost of goods sold | 135 | 501 | 808 |
| Cost of services sold | 0 | 0 | 0 |
| Interest and other financial charges | 13,883 | 14,526 | 16,870 |
| Investment contracts, insurance losses and insurance annuity benefits | 3,059 | 3,197 | 3,193 |
| Provision for losses on financing receivables (Notes 6 and 23) | 4,083 | 7,176 | 10,585 |
| Other costs and expenses | 20,469 | 22,433 | 23,051 |
| Total costs and expenses | 41,629 | 47,833 | 54,507 |
| Earnings (loss) from continuing operations before income taxes | 7,452 | 2,048 | (2,689) |
| Benefit (provision) for income taxes (Note 14) | (893) | 991 | 3,881 |
| Earnings from continuing operations | 6,559 | 3,039 | 1,192 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | 78 | (868) | 238 |
| Net earnings (loss) | 6,637 | 2,171 | 1,430 |
| Less net earnings (loss) attributable to noncontrollng interests | 127 | 16 | 15 |
| Net earnings (loss) attributable to the Company | 6,510 | 2,155 | 1,415 |
| Preferred stock dividends declared | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | 6,510 | 2,155 | 1,415 |
| Earnings (loss) from continuing operations | 6,432 | 3,023 | 1,177 |
| Earnings (loss) from discontinued operations, net of taxes | 78 | (868) | 238 |
| Net earnings (loss) attributable to the Company | 6,510 | 2,155 | 1,415 |
| [1] (a) 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: 2011 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flows - operating activities | |||
| Net earnings | $ 14,443 | 12,179 | 11,225 |
| Less net earnings (loss) attributable to noncontrollng interests | 292 | 535 | 200 |
| Net earnings (loss) attributable to the Company | 14,151 | 11,644 | 11,025 |
| (Earnings) loss from discontinued operations, net of taxes | (77) | 873 | (219) |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 9,185 | 9,786 | 10,617 |
| Earnings from continuing operations retained by GECS | 0 | 0 | 0 |
| Deferred income taxes | (203) | 930 | (2,778) |
| Decrease (increase) in GE current receivables | (466) | (126) | 3,273 |
| Decrease (increase) in inventories | (1,168) | 342 | 1,101 |
| Increase (decrease) in accounts payable | 1,235 | 883 | (464) |
| Increase (decrease) in GE progress collections | (1,394) | (1,177) | (500) |
| Provision for losses on GECS financing receivables | 4,083 | 7,176 | 10,585 |
| All other operating activities | 7,255 | 5,925 | (9,828) |
| Cash from (used for) operating activities - continuing operations | 32,601 | 36,256 | 22,812 |
| Cash from (used for) operating activities - discontinued operations | 758 | (132) | 1,605 |
| Cash from (used for) operating activities | 33,359 | 36,124 | 24,417 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (12,650) | (9,800) | (8,636) |
| Dispositions of property, plant and equipment | 5,896 | 7,208 | 6,479 |
| Net decrease (increase) in GECS financing receivables | 14,652 | 21,773 | 36,665 |
| Proceeds from sales of discontinued operations | 8,950 | 2,510 | 0 |
| Proceeds from principal business dispositions | 8,877 | 3,062 | 9,978 |
| Payments for principal businesses purchased | (11,202) | (1,212) | (7,842) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| All other investing activities | 6,094 | 10,249 | 3,758 |
| Cash from (used for) investing activities - continuing operations | 20,617 | 33,790 | 40,402 |
| Cash from (used for) investing activities - discontinued operations | (735) | (1,354) | 1,976 |
| Cash from (used for) investing activities | 19,882 | 32,436 | 42,378 |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 5,951 | (1,228) | (26,114) |
| Net increase (decrease) in bank deposits | 6,748 | 4,603 | (3,784) |
| Newly issued debt (maturities longer than 90 days) | 43,847 | 47,643 | 82,846 |
| Repayments and other reductions (maturities longer than 90 days) | (85,706) | (99,933) | (83,290) |
| Repayment of preferred stock | (3,300) | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | (1,456) | (1,263) | 623 |
| Dividends paid to shareowners | (6,458) | (4,790) | (8,986) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| Purchase of subsidiary shares from noncontrolling interest | (4,578) | (2,633) | 0 |
| All other financing activities | (1,867) | (3,648) | (3,204) |
| Cash from (used for) financing activities - continuing operations | (46,819) | (61,249) | (41,909) |
| Cash from (used for) financing activities - discontinued operations | (44) | (337) | (1,604) |
| Cash from (used for) financing activities | (46,863) | (61,586) | (43,513) |
| Effect of currency exchange rate changes on cash and equivalents | (841) | (333) | 795 |
| Increase (decrease) in cash and equivalents | 5,537 | 6,641 | 24,077 |
| Cash and equivalents at beginning of year | 79,085 | 72,444 | 48,367 |
| Cash and equivalents at end of year | 84,622 | 79,085 | 72,444 |
| Less cash and equivalents of discontinued operations at end of year | 121 | 142 | 1,965 |
| Cash and equivalents of continuing operations at end of year | 84,501 | 78,943 | 70,479 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (15,571) | (17,132) | (19,601) |
| Cash recovered (paid) during the year for income taxes | (2,919) | (2,671) | (2,535) |
| Legal Entity | |||
| Subsidiaries | |||
| Net earnings | 14,316 | 12,163 | 11,210 |
| Less net earnings (loss) attributable to noncontrollng interests | 165 | 519 | 185 |
| Net earnings (loss) attributable to the Company | 14,151 | 11,644 | 11,025 |
| (Earnings) loss from discontinued operations, net of taxes | (77) | 873 | (219) |
| Depreciation and amortization of property, plant and equipment | 2,068 | 2,034 | 2,311 |
| Earnings from continuing operations retained by GECS | (6,432) | (3,023) | (1,177) |
| Deferred income taxes | (327) | (377) | (460) |
| Decrease (increase) in GE current receivables | (390) | (963) | 3,056 |
| Decrease (increase) in inventories | (1,122) | 409 | 1,188 |
| Increase (decrease) in accounts payable | 1,938 | 1,052 | (918) |
| Increase (decrease) in GE progress collections | (1,146) | (1,158) | (257) |
| Provision for losses on GECS financing receivables | 0 | 0 | 0 |
| All other operating activities | 3,394 | 4,255 | 1,856 |
| Cash from (used for) operating activities - continuing operations | 12,057 | 14,746 | 16,405 |
| Cash from (used for) operating activities - discontinued operations | 0 | 0 | 2 |
| Cash from (used for) operating activities | 12,057 | 14,746 | 16,407 |
| Additions to property, plant and equipment | (2,957) | (2,418) | (2,429) |
| 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 | 0 | 0 |
| Proceeds from principal business dispositions | 6,254 | 1,721 | 890 |
| Payments for principal businesses purchased | (11,152) | (653) | (428) |
| Capital contribution from GE to GECS | 0 | 0 | (9,500) |
| All other investing activities | (384) | (550) | (198) |
| Cash from (used for) investing activities - continuing operations | (8,239) | (1,900) | (11,665) |
| Cash from (used for) investing activities - discontinued operations | 0 | 0 | (2) |
| Cash from (used for) investing activities | (8,239) | (1,900) | (11,667) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 1,058 | (671) | 317 |
| Net increase (decrease) in bank deposits | 0 | 0 | 0 |
| Newly issued debt (maturities longer than 90 days) | 177 | 9,474 | 1,883 |
| Repayments and other reductions (maturities longer than 90 days) | (270) | (2,554) | (1,675) |
| Repayment of preferred stock | (3,300) | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | (1,456) | (1,263) | 623 |
| Dividends paid to shareowners | (6,458) | (4,790) | (8,986) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| Purchase of subsidiary shares from noncontrolling interest | (4,303) | (2,000) | 0 |
| All other financing activities | (75) | (330) | (514) |
| Cash from (used for) financing activities - continuing operations | (14,627) | (2,134) | (8,352) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | (14,627) | (2,134) | (8,352) |
| Effect of currency exchange rate changes on cash and equivalents | (50) | (125) | 176 |
| Increase (decrease) in cash and equivalents | (10,859) | 10,587 | (3,436) |
| Cash and equivalents at beginning of year | 8,382 | 8,654 | 12,090 |
| Cash and equivalents at end of year | 8,382 | 8,654 | 12,090 |
| Less cash and equivalents of discontinued operations at end of year | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 8,382 | 19,241 | 8,654 |
| Cash paid during the year for interest | (553) | (731) | (768) |
| Cash recovered (paid) during the year for income taxes | (2,303) | (2,775) | (3,078) |
| Subsidiaries GECS | |||
| Net earnings | 6,637 | 2,171 | 1,430 |
| Less net earnings (loss) attributable to noncontrollng interests | 127 | 16 | 15 |
| Net earnings (loss) attributable to the Company | 6,510 | 2,155 | 1,415 |
| (Earnings) loss from discontinued operations, net of taxes | (78) | 868 | (238) |
| Depreciation and amortization of property, plant and equipment | 7,117 | 7,752 | 8,306 |
| Earnings from continuing operations retained by GECS | 0 | 0 | 0 |
| Deferred income taxes | 124 | 1,307 | (2,318) |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | 15 | 5 | (6) |
| Increase (decrease) in accounts payable | 50 | (116) | (363) |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| Provision for losses on GECS financing receivables | 4,083 | 7,176 | 10,585 |
| All other operating activities | 3,281 | 2,487 | (11,558) |
| Cash from (used for) operating activities - continuing operations | 21,102 | 21,634 | 5,823 |
| Cash from (used for) operating activities - discontinued operations | 758 | (132) | 1,603 |
| Cash from (used for) operating activities | 21,860 | 21,502 | 7,426 |
| Additions to property, plant and equipment | (9,882) | (7,674) | (6,445) |
| Dispositions of property, plant and equipment | 5,896 | 7,208 | 6,479 |
| Net decrease (increase) in GECS financing receivables | 14,392 | 23,061 | 36,927 |
| Proceeds from sales of discontinued operations | 8,950 | 2,510 | 0 |
| Proceeds from principal business dispositions | 2,623 | 1,171 | 9,088 |
| Payments for principal businesses purchased | (50) | (559) | (7,414) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| All other investing activities | 7,300 | 9,947 | 4,592 |
| Cash from (used for) investing activities - continuing operations | 29,229 | 35,664 | 43,227 |
| Cash from (used for) investing activities - discontinued operations | (735) | (1,354) | 1,978 |
| Cash from (used for) investing activities | 28,494 | 34,310 | 45,205 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 4,393 | (652) | (27,255) |
| Net increase (decrease) in bank deposits | 6,748 | 4,603 | (3,784) |
| Newly issued debt (maturities longer than 90 days) | 43,267 | 37,971 | 81,073 |
| Repayments and other reductions (maturities longer than 90 days) | (85,436) | (97,379) | (81,615) |
| Repayment of preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | 0 | 0 | 0 |
| Capital contribution from GE to GECS | 0 | 0 | 9,500 |
| Purchase of subsidiary shares from noncontrolling interest | (275) | (633) | 0 |
| All other financing activities | (1,792) | (3,318) | (2,691) |
| Cash from (used for) financing activities - continuing operations | (33,095) | (59,408) | (24,772) |
| Cash from (used for) financing activities - discontinued operations | (44) | (337) | (1,604) |
| Cash from (used for) financing activities | (33,139) | (59,745) | (26,376) |
| Effect of currency exchange rate changes on cash and equivalents | (791) | (208) | 619 |
| Increase (decrease) in cash and equivalents | 16,424 | (4,141) | 26,874 |
| Cash and equivalents at beginning of year | 76,823 | 64,540 | 37,666 |
| Cash and equivalents at end of year | 76,823 | 64,540 | 37,666 |
| Less cash and equivalents of discontinued operations at end of year | 121 | 142 | 1,965 |
| Cash and equivalents of continuing operations at end of year | 76,702 | 60,257 | 62,575 |
| Cash paid during the year for interest | (15,018) | (16,401) | (18,833) |
| Cash recovered (paid) during the year for income taxes | (616) | 104 | 543 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GENERAL ELECTRIC CO | ||
Ticker: GE Fiscal Year: 2011 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Assets | ||
| Cash and equivalents | $ 84,501 | 78,943 |
| Investment securities (Note 3) | 47,374 | 43,938 |
| Current receivables (Note 4) | 19,531 | 18,621 |
| Inventories (Note 5) | 13,792 | 11,526 |
| Financing receivables - net (Notes 6 and 23) | 280,378 | 303,012 |
| Other GECS receivables | 7,561 | 7,571 |
| Property, plant and equipment - net (Note 7) | 65,739 | 66,212 |
| Investment in GECS | 0 | 0 |
| Goodwill (Note 8) | 72,625 | 64,388 |
| Other intangible assets - net (Note 8) | 12,068 | 9,971 |
| All other assets (Note 9) | 111,707 | 94,299 |
| Assets of businesses held for sale (Note 2) | 711 | 36,887 |
| Assets of discontinued operations (Note 2) | 1,255 | 12,425 |
| Total assets(a) | 717,242 [1] | 747,793 |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 137,611 | 117,959 |
| Accounts payable, principally trade accounts | 16,400 | 14,656 |
| Progress collections and price adjustments accrued | 10,402 | 11,142 |
| Dividends payable | 1,797 | 1,563 |
| Other GE current liabilities | 14,796 | 11,396 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 29,258 | 30,018 |
| Bank deposits (Note 10) | 43,115 | 37,298 |
| Long-term borrowings (Note 10) | 243,459 | 293,323 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 29,774 | 29,582 |
| All other liabilities (Note 13) | 70,647 | 55,271 |
| Deferred income taxes (Note 14) | (131) | 2,753 |
| Liabilities of businesses held for sale (Note 2) | 345 | 16,047 |
| Liabilities of discontinued operations (Note 2) | 1,635 | 2,587 |
| Total liabilities(a) | 599,108 | 623,595 |
| Preferred stock (0 and 30,000 shares outstanding at year-end 2011 and 2010, respectively) | 0 | 0 |
| Common stock (10,573,017,000 and 10,615,376,000 shares outstanding at year-end 2011 and 2010, respectively) | 702 | 702 |
| Accumulated other comprehensive income - net(b) | ||
| Investment securities | (30) | (636) |
| Currency translation adjustments | 133 | (86) |
| Cash flow hedges | (1,176) | (1,280) [2] |
| Benefit plans | (22,901) | (15,853) |
| Other capital | 33,693 | 36,890 |
| Retained earnings | 137,786 | 131,137 |
| Less common stock held in treasury | (31,769) | (31,938) |
| Total GE shareowners' equity | 116,438 | 118,936 |
| Noncontrolling interests(c) | 1,696 [3] | 5,262 |
| Total equity (Notes 15 and 16) | 118,134 | 124,198 |
| Total liabilities and equity | 717,242 | 747,793 |
| Legal Entity | ||
| Subsidiaries | ||
| Cash and equivalents | 8,382 | 19,241 |
| Investment securities (Note 3) | 18 | 19 |
| Current receivables (Note 4) | 11,807 | 10,383 |
| Inventories (Note 5) | 13,741 | 11,460 |
| Financing receivables - net (Notes 6 and 23) | 0 | 0 |
| Other GECS receivables | 0 | 0 |
| Property, plant and equipment - net (Note 7) | 14,283 | 12,444 |
| Investment in GECS | 77,110 | 68,984 |
| Goodwill (Note 8) | 45,395 | 36,880 |
| Other intangible assets - net (Note 8) | 10,522 | 8,088 |
| All other assets (Note 9) | 36,675 | 17,454 |
| Assets of businesses held for sale (Note 2) | 0 | 33,760 |
| Assets of discontinued operations (Note 2) | 52 | 50 |
| Total assets(a) | 217,985 | 218,763 |
| Short-term borrowings (Note 10) | 2,184 | 456 |
| Accounts payable, principally trade accounts | 14,209 | 11,620 |
| Progress collections and price adjustments accrued | 11,349 | 11,841 |
| Dividends payable | 1,797 | 1,563 |
| Other GE current liabilities | 14,796 | 11,396 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 0 | 0 |
| Bank deposits (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 9,405 | 9,656 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| All other liabilities (Note 13) | 53,826 | 37,815 |
| Deferred income taxes (Note 14) | (7,183) | (4,237) |
| Liabilities of businesses held for sale (Note 2) | 0 | 15,455 |
| Liabilities of discontinued operations (Note 2) | 158 | 164 |
| Total liabilities(a) | 100,541 | 95,729 |
| Preferred stock (0 and 30,000 shares outstanding at year-end 2011 and 2010, respectively) | 0 | 0 |
| Common stock (10,573,017,000 and 10,615,376,000 shares outstanding at year-end 2011 and 2010, respectively) | 702 | 702 |
| Investment securities | (30) | (636) |
| Currency translation adjustments | 133 | (86) |
| Cash flow hedges | (1,176) | (1,280) |
| Benefit plans | (22,901) | (15,853) |
| Other capital | 33,693 | 36,890 |
| Retained earnings | 137,786 | 131,137 |
| Less common stock held in treasury | (31,769) | (31,938) |
| Total GE shareowners' equity | 116,438 | 118,936 |
| Noncontrolling interests(c) | 1,006 | 4,098 |
| Total equity (Notes 15 and 16) | 117,444 | 123,034 |
| Total liabilities and equity | 217,985 | 218,763 |
| Subsidiaries GECS | ||
| Cash and equivalents | 76,702 | 60,257 |
| Investment securities (Note 3) | 47,359 | 43,921 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 51 | 66 |
| Financing receivables - net (Notes 6 and 23) | 289,307 | 312,234 |
| Other GECS receivables | 13,390 | 12,919 |
| Property, plant and equipment - net (Note 7) | 51,419 | 53,768 |
| Investment in GECS | 0 | 0 |
| Goodwill (Note 8) | 27,230 | 27,508 |
| Other intangible assets - net (Note 8) | 1,546 | 1,883 |
| All other assets (Note 9) | 75,618 | 77,197 |
| Assets of businesses held for sale (Note 2) | 711 | 3,127 |
| Assets of discontinued operations (Note 2) | 1,203 | 12,375 |
| Total assets(a) | 584,536 | 605,255 |
| Short-term borrowings (Note 10) | 136,333 | 118,797 |
| Accounts payable, principally trade accounts | 7,239 | 7,035 |
| Progress collections and price adjustments accrued | 0 | 0 |
| Dividends payable | 0 | 0 |
| Other GE current liabilities | 0 | 0 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 29,258 | 30,018 |
| Bank deposits (Note 10) | 43,115 | 37,298 |
| Long-term borrowings (Note 10) | 234,391 | 284,407 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 30,198 | 29,993 |
| All other liabilities (Note 13) | 17,328 | 17,554 |
| Deferred income taxes (Note 14) | 7,052 | 6,990 |
| Liabilities of businesses held for sale (Note 2) | 345 | 592 |
| Liabilities of discontinued operations (Note 2) | 1,477 | 2,423 |
| Total liabilities(a) | 506,736 | 535,107 |
| Preferred stock (0 and 30,000 shares outstanding at year-end 2011 and 2010, respectively) | 0 | 0 |
| Common stock (10,573,017,000 and 10,615,376,000 shares outstanding at year-end 2011 and 2010, respectively) | 1 | 1 |
| Investment securities | (33) | (639) |
| Currency translation adjustments | (399) | (1,411) |
| Cash flow hedges | (1,101) | (1,281) |
| Benefit plans | (563) | (380) |
| Other capital | 27,627 | 27,626 |
| Retained earnings | 51,578 | 45,068 |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareowners' equity | 77,110 | 68,984 |
| Noncontrolling interests(c) | 690 | 1,164 |
| Total equity (Notes 15 and 16) | 77,800 | 70,148 |
| Total liabilities and equity | 584,536 | 605,255 |
| [1] (a) Our consolidated assets at December 31, 2011 include total assets of $45,514 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 $37,120 million and investment securities of $5,320 million. Our consolidated liabilities at December 31, 2011 include liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities include non-recourse borrowings of consolida | ||
| [2] (b) The sum of accumulated other comprehensive income - net was $(23,974) million and $(17,855) million at December 31, 2011 and 2010, respectively. | ||
| [3] (c) Included accumulated other comprehensive income - net attributable to noncontrolling interests of $(168) million and $(153) million at December 31, 2011 and 2010, respectively. | (b) See Note 15 for an explanation of the changes in noncontrolling interests. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2011 | |
| 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 |