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: 2012 | |||
Statement of Earnings | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Statement of Earnings | |||
| Revenues and other income | |||
| Sales of goods | $ 72,991 | 66,875 | 60,811 |
| Sales of services | 27,158 | 27,648 | 39,625 |
| Other income (Note 17) | 2,563 | 5,064 | 1,151 |
| GECC earnings from continuing operations | 0 | 0 | 0 |
| GECC revenues from services (Note 18) | 44,647 | 47,701 | 47,980 |
| Total revenues and other income | 147,359 | 147,288 | 149,567 |
| Costs and expenses (Note 19) | |||
| Cost of goods sold | 56,785 | 51,455 | 45,998 |
| Cost of services sold | 17,525 | 16,823 | 25,715 |
| Interest and other financial charges | 12,508 | 14,528 | 15,537 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,857 | 2,912 | 3,012 |
| Provision for losses on financing receivables (Notes 6 and 23) | 3,891 | 3,951 | 7,085 |
| Other costs and expenses | 36,387 | 37,362 | 38,033 |
| Total costs and expenses | 129,953 | 127,031 | 135,380 |
| Earnings (loss) from continuing operations before income taxes | 17,406 | 20,257 | 14,187 |
| Benefit (provision) for income taxes (Note 14) | (2,504) | (5,738) | (1,039) |
| Earnings from continuing operations | 14,902 | 14,519 | 13,148 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (1,038) | (76) | (969) |
| Net earnings (loss) | 13,864 | 14,443 | 12,179 |
| Less: net earnings (loss) attributable to noncontrollng interests | 223 | 292 | 535 |
| Net earnings (loss) attributable to the Company | 13,641 | 14,151 | 11,644 |
| Preferred stock dividends declared | 0 | (1,031) | (300) |
| Net earnings (loss) attributable to GE common shareowners | 13,641 | 13,120 | 11,344 |
| Amounts attributable to the Company | |||
| Earnings (loss) from continuing operations | 14,679 | 14,227 | 12,613 |
| Earnings (loss) from discontinued operations, net of taxes | (1,038) | (76) | (969) |
| Net earnings (loss) attributable to the Company | 13,641 | 14,151 | 11,644 |
| Per-share amounts (Note 20) | |||
| Earnings from continuing operations | |||
| Diluted earnings per share | 1.3900 | 1.2400 | 1.1500 |
| Basic earnings per share | 1.3900 | 1.2400 | 1.1500 |
| Net earnings (loss) | |||
| Diluted earnings per share | 1.2900 | 1.2300 | 1.0600 |
| Basic earnings per share | 1.2900 | 1.2400 | 1.0600 |
| Dividends declared per share | 0.7000 | 0.6100 | 0.4600 |
| Legal Entity | |||
| Subsidiaries | |||
| Sales of goods | 73,304 | 67,012 | 60,344 |
| Sales of services | 27,571 | 28,024 | 39,875 |
| Other income (Note 17) | 2,657 | 5,270 | 1,285 |
| GECC earnings from continuing operations | 7,401 | 6,584 | 3,120 |
| GECC revenues from services (Note 18) | 0 | 0 | 0 |
| Total revenues and other income | 110,933 | 106,890 | 104,624 |
| Cost of goods sold | 57,118 | 51,605 | 45,563 |
| Cost of services sold | 17,938 | 17,199 | 25,965 |
| Interest and other financial charges | 1,353 | 1,299 | 1,600 |
| 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 | 17,672 | 17,556 | 16,340 |
| Total costs and expenses | 94,081 | 87,659 | 89,468 |
| Earnings (loss) from continuing operations before income taxes | 16,852 | 19,231 | 15,156 |
| Benefit (provision) for income taxes (Note 14) | (2,013) | (4,839) | (2,024) |
| Earnings from continuing operations | 14,839 | 14,392 | 13,132 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (1,038) | (76) | (969) |
| Net earnings (loss) | 13,801 | 14,316 | 12,163 |
| Less: net earnings (loss) attributable to noncontrollng interests | 160 | 165 | 519 |
| Net earnings (loss) attributable to the Company | 13,641 | 14,151 | 11,644 |
| Preferred stock dividends declared | 0 | (1,031) | (300) |
| Net earnings (loss) attributable to GE common shareowners | 13,641 | 13,120 | 11,344 |
| Earnings (loss) from continuing operations | 14,679 | 14,227 | 12,613 |
| Earnings (loss) from discontinued operations, net of taxes | (1,038) | (76) | (969) |
| Net earnings (loss) attributable to the Company | 13,641 | 14,151 | 11,644 |
| Subsidiaries GECC | |||
| Sales of goods | 119 | 148 | 533 |
| Sales of services | 0 | 0 | 0 |
| Other income (Note 17) | 0 | 0 | 0 |
| GECC earnings from continuing operations | 0 | 0 | 0 |
| GECC revenues from services (Note 18) | 45,920 | 48,920 | 49,323 |
| Total revenues and other income | 46,039 | 49,068 | 49,856 |
| Cost of goods sold | 99 | 135 | 501 |
| Cost of services sold | 0 | 0 | 0 |
| Interest and other financial charges | 11,697 | 13,866 | 14,510 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,984 | 3,059 | 3,197 |
| Provision for losses on financing receivables (Notes 6 and 23) | 3,891 | 3,951 | 7,085 |
| Other costs and expenses | 19,413 | 20,447 | 22,412 |
| Total costs and expenses | 38,084 | 41,458 | 47,705 |
| Earnings (loss) from continuing operations before income taxes | 7,955 | 7,610 | 2,151 |
| Benefit (provision) for income taxes (Note 14) | (491) | (899) | 985 |
| Earnings from continuing operations | 7,464 | 6,711 | 3,136 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (1,186) | (74) | (965) |
| Net earnings (loss) | 6,278 | 6,637 | 2,171 |
| Less: net earnings (loss) attributable to noncontrollng interests | 63 | 127 | 16 |
| Net earnings (loss) attributable to the Company | 6,215 | 6,510 | 2,155 |
| Preferred stock dividends declared | (123) | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | 6,092 | 6,510 | 2,155 |
| Earnings (loss) from continuing operations | 7,401 | 6,584 | 3,120 |
| Earnings (loss) from discontinued operations, net of taxes | (1,186) | (74) | (965) |
| Net earnings (loss) attributable to the Company | 6,215 | 6,510 | 2,155 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2012 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Net earnings | $ 13,864 | 14,443 | 12,179 |
| Less: net earnings (loss) attributable to noncontrollng interests | 223 | 292 | 535 |
| Net earnings (loss) attributable to the Company | 13,641 | 14,151 | 11,644 |
| Other comprehensive income (loss) | |||
| Investment securities - net | 705 | 608 | 16 |
| Currency translation adjustments | 300 | 180 | (3,876) |
| Cash flow hedges | 453 | 118 | 505 |
| Benefit plans | 2,299 | (7,040) | 1,068 |
| Other comprehensive income (loss) | 3,757 | (6,134) | (2,287) |
| Less: Other comprehensive income (loss) attributable to noncontrolling interests | 13 | (15) | 38 |
| Other comprehensive income (loss) attributable to the Company | 3,744 | (6,119) | (2,325) |
| Comprehensive income | 17,621 | 8,309 | 9,892 |
| Less: Comprehensive income attributable to noncontrolling interests | 236 | 277 | 573 |
| Comprehensive income attributable to Company | 17,385 | 8,032 | 9,319 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2012 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows - operating activities | |||
| Net earnings | $ 13,864 | 14,443 | 12,179 |
| Less: net earnings (loss) attributable to noncontrollng interests | 223 | 292 | 535 |
| Net earnings (loss) attributable to the Company | 13,641 | 14,151 | 11,644 |
| (Earnings) loss from discontinued operations | 1,038 | 76 | 969 |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 9,346 | 9,185 | 9,786 |
| Earnings from continuing operations retained by GECC | 0 | 0 | 0 |
| Deferred income taxes | (1,171) | (203) | 930 |
| Decrease (increase) in GE current receivables | (774) | (714) | (60) |
| Decrease (increase) in inventories | (1,274) | (1,168) | 342 |
| Increase (decrease) in accounts payable | (424) | 1,235 | 883 |
| Increase (decrease) in GE progress collections | (920) | (1,146) | (1,243) |
| Provision for losses on GECC financing receivables | 3,891 | 3,951 | 7,085 |
| All other operating activities | 7,899 | 7,255 | 5,921 |
| Cash from (used for) operating activities - continuing operations | 31,252 | 32,622 | 36,257 |
| Cash from (used for) operating activities - discontinued operations | 79 | 737 | (133) |
| Cash from (used for) operating activities | 31,331 | 33,359 | 36,124 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (15,126) | (12,650) | (9,800) |
| Dispositions of property, plant and equipment | 6,200 | 5,896 | 7,208 |
| Net decrease (increase) in GECC financing receivables | 6,872 | 14,630 | 21,758 |
| Proceeds from sales of discontinued operations | 227 | 8,950 | 2,510 |
| Proceeds from principal business dispositions | 3,618 | 8,877 | 3,062 |
| Payments for principal businesses purchased | (1,456) | (11,202) | (1,212) |
| All other investing activities | 11,064 | 6,095 | 10,262 |
| Cash from (used for) investing activities - continuing operations | 11,399 | 20,596 | 33,788 |
| Cash from (used for) investing activities - discontinued operations | (97) | (714) | (1,352) |
| Cash from (used for) investing activities | 11,302 | 19,882 | 32,436 |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (2,231) | 5,951 | (1,228) |
| Net increase (decrease) in bank deposits | 2,432 | 6,748 | 4,603 |
| Newly issued debt (maturities longer than 90 days) | 63,019 | 43,847 | 47,643 |
| Repayments and other reductions (maturities longer than 90 days) | (103,942) | (85,706) | (99,933) |
| Proceeds from issuance of GECC preferred stock | 3,960 | 0 | 0 |
| Repayment of preferred stock | 0 | (3,300) | 0 |
| Net dispositions (purchases) of GE shares for treasury | (4,164) | (1,456) | (1,263) |
| Dividends paid to shareowners | (7,189) | (6,458) | (4,790) |
| Purchase of subsidiary shares from noncontrolling interest | 0 | (4,578) | (2,633) |
| All other financing activities | (2,959) | (1,867) | (3,648) |
| Cash from (used for) financing activities - continuing operations | (51,074) | (46,819) | (61,249) |
| Cash from (used for) financing activities - discontinued operations | 0 | (44) | (337) |
| Cash from (used for) financing activities | (51,074) | (46,863) | (61,586) |
| Effect of currency exchange rate changes on cash and equivalents | 1,278 | (841) | (333) |
| Increase (decrease) in cash and equivalents | (7,163) | 5,537 | 6,641 |
| Cash and equivalents at beginning of year | 84,622 | 79,085 | 72,444 |
| Cash and equivalents at end of year | 77,459 | 84,622 | 79,085 |
| Less cash and equivalents of discontinued operations at end of year | 103 | 121 | 142 |
| Cash and equivalents of continuing operations at end of year | 77,356 | 84,501 | 78,943 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (12,717) | (15,571) | (17,132) |
| Cash recovered (paid) during the year for income taxes | (3,237) | (2,919) | (2,671) |
| Legal Entity | |||
| Subsidiaries | |||
| Net earnings | 13,801 | 14,316 | 12,163 |
| Less: net earnings (loss) attributable to noncontrollng interests | 160 | 165 | 519 |
| Net earnings (loss) attributable to the Company | 13,641 | 14,151 | 11,644 |
| (Earnings) loss from discontinued operations | 1,038 | 76 | 969 |
| Depreciation and amortization of property, plant and equipment | 2,291 | 2,068 | 2,034 |
| Earnings from continuing operations retained by GECC | (975) [1] | (6,584) | (3,120) |
| Deferred income taxes | (294) | (327) | (377) |
| Decrease (increase) in GE current receivables | 1,210 | (390) | (963) |
| Decrease (increase) in inventories | (1,204) | (1,122) | 409 |
| Increase (decrease) in accounts payable | 158 | 1,938 | 1,052 |
| Increase (decrease) in GE progress collections | (920) | (1,146) | (1,158) |
| Provision for losses on GECC financing receivables | 0 | 0 | 0 |
| All other operating activities | 2,881 | 3,393 | 4,256 |
| Cash from (used for) operating activities - continuing operations | 17,826 | 12,057 | 14,746 |
| Cash from (used for) operating activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) operating activities | 17,826 | 12,057 | 14,746 |
| Additions to property, plant and equipment | (3,937) | (2,957) | (2,418) |
| Dispositions of property, plant and equipment | 0 | 0 | 0 |
| Net decrease (increase) in GECC financing receivables | 0 | 0 | 0 |
| Proceeds from sales of discontinued operations | 0 | 0 | 0 |
| Proceeds from principal business dispositions | 540 | 6,254 | 1,721 |
| Payments for principal businesses purchased | (1,456) | (11,152) | (653) |
| All other investing activities | (564) | (384) | (550) |
| Cash from (used for) investing activities - continuing operations | (5,417) | (8,239) | (1,900) |
| Cash from (used for) investing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) investing activities | (5,417) | (8,239) | (1,900) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (890) | 1,058 | (671) |
| Net increase (decrease) in bank deposits | 0 | 0 | 0 |
| Newly issued debt (maturities longer than 90 days) | 6,961 | 177 | 9,474 |
| Repayments and other reductions (maturities longer than 90 days) | (34) | (270) | (2,554) |
| Proceeds from issuance of GECC preferred stock | 0 | 0 | 0 |
| Repayment of preferred stock | 0 | (3,300) | 0 |
| Net dispositions (purchases) of GE shares for treasury | (4,164) | (1,456) | (1,263) |
| Dividends paid to shareowners | (7,189) | (6,458) | (4,790) |
| Purchase of subsidiary shares from noncontrolling interest | 0 | (4,303) | (2,000) |
| All other financing activities | 32 | (75) | (330) |
| Cash from (used for) financing activities - continuing operations | (5,284) | (14,627) | (2,134) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | (5,284) | (14,627) | (2,134) |
| Effect of currency exchange rate changes on cash and equivalents | 2 | (50) | (125) |
| Increase (decrease) in cash and equivalents | 7,127 | (10,859) | 10,587 |
| Cash and equivalents at beginning of year | 15,509 | 19,241 | 8,654 |
| Cash and equivalents at end of year | 15,509 | 19,241 | 8,654 |
| Less cash and equivalents of discontinued operations at end of year | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 15,509 | 8,382 | 19,241 |
| Cash paid during the year for interest | (545) | (553) | (731) |
| Cash recovered (paid) during the year for income taxes | (2,987) | (2,303) | (2,775) |
| Subsidiaries GECC | |||
| Net earnings | 6,278 | 6,637 | 2,171 |
| Less: net earnings (loss) attributable to noncontrollng interests | 63 | 127 | 16 |
| Net earnings (loss) attributable to the Company | 6,215 | 6,510 | 2,155 |
| (Earnings) loss from discontinued operations | 1,186 | 74 | 965 |
| Depreciation and amortization of property, plant and equipment | 7,055 | 7,117 | 7,752 |
| Earnings from continuing operations retained by GECC | 0 | 0 [2] | 0 |
| Deferred income taxes | (877) | 124 | 1,307 |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | (27) | 15 | 5 |
| Increase (decrease) in accounts payable | (867) | 50 | (116) |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| Provision for losses on GECC financing receivables | 3,891 | 3,951 | 7,085 |
| All other operating activities | 5,392 | 3,282 | 2,482 |
| Cash from (used for) operating activities - continuing operations | 21,968 | 21,123 | 21,635 |
| Cash from (used for) operating activities - discontinued operations | 79 | 737 | (133) |
| Cash from (used for) operating activities | 22,047 | 21,860 | 21,502 |
| Additions to property, plant and equipment | (11,886) | (9,882) | (7,674) |
| Dispositions of property, plant and equipment | 6,200 | 5,896 | 7,208 |
| Net decrease (increase) in GECC financing receivables | 5,383 | 14,370 | 23,046 |
| Proceeds from sales of discontinued operations | 227 | 8,950 | 2,510 |
| Proceeds from principal business dispositions | 2,863 | 2,623 | 1,171 |
| Payments for principal businesses purchased | 0 | (50) | (559) |
| All other investing activities | 11,701 | 7,301 | 9,960 |
| Cash from (used for) investing activities - continuing operations | 14,488 | 29,208 | 35,662 |
| Cash from (used for) investing activities - discontinued operations | (97) | (714) | (1,352) |
| Cash from (used for) investing activities | 14,391 | 28,494 | 34,310 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (1,401) | 4,393 | (652) |
| Net increase (decrease) in bank deposits | 2,432 | 6,748 | 4,603 |
| Newly issued debt (maturities longer than 90 days) | 55,841 | 43,267 | 37,971 |
| Repayments and other reductions (maturities longer than 90 days) | (103,908) | (85,436) | (97,379) |
| Proceeds from issuance of GECC preferred stock | 3,960 | 0 | 0 |
| Repayment of preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | (6,549) | 0 | 0 |
| Purchase of subsidiary shares from noncontrolling interest | 0 | (275) | (633) |
| All other financing activities | (2,868) | (1,792) | (3,318) |
| Cash from (used for) financing activities - continuing operations | (52,493) | (33,095) | (59,408) |
| Cash from (used for) financing activities - discontinued operations | 0 | (44) | (337) |
| Cash from (used for) financing activities | (52,493) | (33,139) | (59,745) |
| Effect of currency exchange rate changes on cash and equivalents | 1,276 | (791) | (208) |
| Increase (decrease) in cash and equivalents | (14,779) | 16,424 | (4,141) |
| Cash and equivalents at beginning of year | 62,044 | 60,399 | 64,540 |
| Cash and equivalents at end of year | 62,044 | 60,399 | 64,540 |
| Less cash and equivalents of discontinued operations at end of year | 103 | 121 | 142 |
| Cash and equivalents of continuing operations at end of year | 61,941 | 76,702 | 60,257 |
| Cash paid during the year for interest | (12,172) | (15,018) | (16,401) |
| Cash recovered (paid) during the year for income taxes | (250) | (616) | 104 |
| [1] (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or financial services), which is presented on a one-line basis See Note 1 | |||
| [2] Represents GECC earnings from continuing operations attributable to the Company, net of GECC dividends paid to GE. | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GENERAL ELECTRIC CO | ||
Ticker: GE Fiscal Year: 2012 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Cash and equivalents | $ 77,356 | 84,501 |
| Investment securities (Note 3) | 48,510 | 47,374 |
| Current receivables (Note 4) | 21,500 | 20,478 |
| Inventories (Note 5) | 15,374 | 13,792 |
| Financing receivables - net (Notes 6 and 23) | 258,028 | 279,918 |
| Other GECC receivables | 7,961 | 7,561 |
| Property, plant and equipment - net (Note 7) | 69,743 | 65,739 |
| Investment in GECC | 0 | 0 |
| Goodwill (Note 8) | 73,447 | 72,625 |
| Other intangible assets - net (Note 8) | 11,987 | 12,068 |
| All other assets (Note 9) | 100,076 | 111,701 |
| Assets of businesses held for sale (Note 2) | 211 | 711 |
| Assets of discontinued operations (Note 2) | 1,135 | 1,721 |
| Total assets(a) | 685,328 [1] | 718,189 |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 101,392 | 137,611 |
| Accounts payable, principally trade accounts | 15,675 | 16,400 |
| Progress collections and price adjustments accrued | 10,877 | 11,349 |
| Dividends payable | 1,980 | 1,797 |
| Other GE current liabilities | 14,895 | 14,796 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 30,123 | 29,258 |
| Bank deposits (Note 10) | 46,461 | 43,115 |
| Long-term borrowings (Note 10) | 236,084 | 243,459 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 28,268 | 29,774 |
| All other liabilities (Note 13) | 68,676 | 70,653 |
| Deferred income taxes (Note 14) | (75) | (131) |
| Liabilities of businesses held for sale (Note 2) | 157 | 345 |
| Liabilities of discontinued operations (Note 2) | 2,345 | 1,629 |
| Total liabilities(a) | 556,858 | 600,055 |
| GECC preferred stock (40,000 and 0 shares outstanding at year-end 2012 and 2011, respectively) | 0 | 0 |
| Common stock (10,405,625,000 and 10,573,017,000 shares outstanding at year-end 2012 and 2011, respectively) | 702 | 702 |
| Accumulated other comprehensive income attributable to GE(b) | ||
| Investment securities | 677 | (30) |
| Currency translation adjustments | 412 | 133 |
| Cash flow hedges | (722) | (1,176) [2] |
| Benefit plans | (20,597) | (22,901) |
| Other capital | 33,070 | 33,693 |
| Retained earnings | 144,055 | 137,786 |
| Less common stock held in treasury | (34,571) | (31,769) |
| Total GE shareowners' equity | 123,026 | 116,438 |
| Noncontrolling interests(c) | 5,444 [3] | 1,696 |
| Total equity (Notes 15 and 16) | 128,470 | 118,134 |
| Total liabilities and equity | 685,328 | 718,189 |
| Legal Entity | ||
| Subsidiaries | ||
| Cash and equivalents | 15,509 | 8,382 |
| Investment securities (Note 3) | 74 | 18 |
| Current receivables (Note 4) | 10,872 | 11,807 |
| Inventories (Note 5) | 15,295 | 13,741 |
| Financing receivables - net (Notes 6 and 23) | 0 | 0 |
| Other GECC receivables | 0 | 0 |
| Property, plant and equipment - net (Note 7) | 16,033 | 14,283 |
| Investment in GECC | 77,930 | 77,110 |
| Goodwill (Note 8) | 46,143 | 45,395 |
| Other intangible assets - net (Note 8) | 10,700 | 10,522 |
| All other assets (Note 9) | 37,936 | 36,675 |
| Assets of businesses held for sale (Note 2) | 0 | 0 |
| Assets of discontinued operations (Note 2) | 9 | 52 |
| Total assets(a) | 230,501 | 217,985 |
| Short-term borrowings (Note 10) | 6,041 | 2,184 |
| Accounts payable, principally trade accounts | 14,259 | 14,209 |
| Progress collections and price adjustments accrued | 10,877 | 11,349 |
| Dividends payable | 1,980 | 1,797 |
| Other GE current liabilities | 14,896 | 14,796 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 0 | 0 |
| Bank deposits (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 11,428 | 9,405 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| All other liabilities (Note 13) | 53,093 | 53,826 |
| Deferred income taxes (Note 14) | (5,946) | (7,183) |
| Liabilities of businesses held for sale (Note 2) | 0 | 0 |
| Liabilities of discontinued operations (Note 2) | 70 | 158 |
| Total liabilities(a) | 106,698 | 100,541 |
| GECC preferred stock (40,000 and 0 shares outstanding at year-end 2012 and 2011, respectively) | 0 | 0 |
| Common stock (10,405,625,000 and 10,573,017,000 shares outstanding at year-end 2012 and 2011, respectively) | 702 | 702 |
| Investment securities | 677 | (30) |
| Currency translation adjustments | 412 | 133 |
| Cash flow hedges | (722) | (1,176) |
| Benefit plans | (20,597) | (22,901) |
| Other capital | 33,070 | 33,693 |
| Retained earnings | 144,055 | 137,786 |
| Less common stock held in treasury | (34,571) | (31,769) |
| Total GE shareowners' equity | 123,026 | 116,438 |
| Noncontrolling interests(c) | 777 | 1,006 |
| Total equity (Notes 15 and 16) | 123,803 | 117,444 |
| Total liabilities and equity | 230,501 | 217,985 |
| Subsidiaries GECC | ||
| Cash and equivalents | 61,941 | 76,702 |
| Investment securities (Note 3) | 48,439 | 47,359 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 79 | 51 |
| Financing receivables - net (Notes 6 and 23) | 268,951 | 288,847 |
| Other GECC receivables | 13,988 | 13,390 |
| Property, plant and equipment - net (Note 7) | 53,673 | 51,419 |
| Investment in GECC | 0 | 0 |
| Goodwill (Note 8) | 27,304 | 27,230 |
| Other intangible assets - net (Note 8) | 1,294 | 1,546 |
| All other assets (Note 9) | 62,217 | 75,612 |
| Assets of businesses held for sale (Note 2) | 211 | 711 |
| Assets of discontinued operations (Note 2) | 1,126 | 1,669 |
| Total assets(a) | 539,223 | 584,536 |
| Short-term borrowings (Note 10) | 95,940 | 136,333 |
| Accounts payable, principally trade accounts | 6,277 | 7,239 |
| 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) | 30,123 | 29,258 |
| Bank deposits (Note 10) | 46,461 | 43,115 |
| Long-term borrowings (Note 10) | 224,776 | 234,391 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 28,696 | 30,198 |
| All other liabilities (Note 13) | 16,050 | 17,334 |
| Deferred income taxes (Note 14) | 5,871 | 7,052 |
| Liabilities of businesses held for sale (Note 2) | 157 | 345 |
| Liabilities of discontinued operations (Note 2) | 2,275 | 1,471 |
| Total liabilities(a) | 456,626 | 506,736 |
| GECC preferred stock (40,000 and 0 shares outstanding at year-end 2012 and 2011, respectively) | 0 | 0 |
| Common stock (10,405,625,000 and 10,573,017,000 shares outstanding at year-end 2012 and 2011, respectively) | 0 | 0 |
| Investment securities | 673 | (33) |
| Currency translation adjustments | (131) | (399) |
| Cash flow hedges | (746) | (1,101) |
| Benefit plans | (736) | (563) |
| Other capital | 31,586 | 27,628 |
| Retained earnings | 51,244 | 51,578 |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareowners' equity | 81,890 | 77,110 |
| Noncontrolling interests(c) | 707 | 690 |
| Total equity (Notes 15 and 16) | 82,597 | 77,800 |
| Total liabilities and equity | 539,223 | 584,536 |
| [1] (a) Our consolidated assets at December 31, 2012 include total assets of $46,064 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 $40,287 million and investment securities of $3,419 million. Our consolidated liabilities at December 31, 2012 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 attributable to GE was $(20,230) million and $(23,974) million at December 31, 2012 and 2011, respectively. | ||
| [3] (c) Included accumulated other comprehensive income attributable to noncontrolling interests of $(155) million and $(168) million at December 31, 2012 and 2011, respectively. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2012 | |
| 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 |