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: 2013 | |||
Statement of Earnings | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
Statement of Earnings | |||
Revenues and other income | |||
Sales of goods | $ 71,873 | 72,991 | 66,874 |
Sales of services | 28,669 | 27,158 | 27,648 |
Other income | 3,108 | 2,563 | 5,063 |
GECC earnings from continuing operations | 0 | 0 | 0 |
GECC revenues from services | 42,395 | 43,972 | 46,957 |
Total revenues and other income | 146,045 | 146,684 | 146,542 |
Costs and expenses | |||
Cost of goods sold | 57,867 | 56,785 | 51,455 |
Cost of services sold | 19,274 | 17,525 | 16,823 |
Interest and other financial charges | 10,116 | 12,407 | 14,422 |
Investment contracts, insurance losses and insurance annuity benefits | 2,676 | 2,857 | 2,912 |
Provision for losses on financing receivables | 4,818 | 3,832 | 3,930 |
Other costs and expenses | 35,143 | 35,897 | 36,841 |
Total costs and expenses | 129,894 | 129,303 | 126,383 |
Earnings (loss) from continuing operations before income taxes | 16,151 | 17,381 | 20,159 |
Benefit (provision) for income taxes | (676) | (2,534) | (5,745) |
Earnings from continuing operations | 15,475 | 14,847 | 14,414 |
Earnings (loss) from discontinued operations, net of taxes | (2,120) | (983) | 29 |
Net earnings (loss) | 13,355 | 13,864 | 14,443 |
Less: net earnings (loss) attributable to noncontrolling interests | 298 | 223 | 292 |
Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
Preferred stock dividends declared | 0 | 0 | (1,031) |
Net earnings (loss) attributable to GE common shareowners | 13,057 | 13,641 | 13,120 |
Amounts attributable to the Company | |||
Earnings (loss) from continuing operations | 15,177 | 14,624 | 14,122 |
Earnings (loss) from discontinued operations, net of taxes | (2,120) | (983) | 29 |
Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
Per-share amounts | |||
Earnings from continuing operations | |||
Diluted earnings per share | 1.4700 | 1.3800 | 1.2300 |
Basic earnings per share | 1.4800 | 1.3900 | 1.2300 |
Net earnings (loss) | |||
Diluted earnings per share | 1.2700 | 1.2900 | 1.2300 |
Basic earnings per share | 1.2800 | 1.2900 | 1.2400 |
Dividends declared per common share | 0.7900 | 0.7000 | 0.6100 |
Legal Entity | |||
Subsidiaries | |||
Sales of goods | 71,951 | 73,304 | 67,011 |
Sales of services | 29,063 | 27,571 | 28,024 |
Other income | 2,886 | 2,657 | 5,268 |
GECC earnings from continuing operations | 8,258 | 7,345 | 6,480 |
GECC revenues from services | 0 | 0 | 0 |
Total revenues and other income | 112,158 | 110,877 | 106,783 |
Cost of goods sold | 57,962 | 57,118 | 51,605 |
Cost of services sold | 19,668 | 17,938 | 17,199 |
Interest and other financial charges | 1,333 | 1,353 | 1,299 |
Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
Provision for losses on financing receivables | 0 | 0 | 0 |
Other costs and expenses | 16,105 | 17,671 [1] | 17,554 |
Total costs and expenses | 95,068 | 94,080 | 87,657 |
Earnings (loss) from continuing operations before income taxes | 17,090 | 16,797 | 19,126 |
Benefit (provision) for income taxes | (1,668) | (2,013) | (4,839) |
Earnings from continuing operations | 15,422 | 14,784 | 14,287 |
Earnings (loss) from discontinued operations, net of taxes | (2,120) | (983) | 29 |
Net earnings (loss) | 13,302 | 13,801 | 14,316 |
Less: net earnings (loss) attributable to noncontrolling interests | 245 | 160 | 165 |
Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
Preferred stock dividends declared | 0 | 0 | (1,031) |
Net earnings (loss) attributable to GE common shareowners | 13,057 | 13,641 | 13,120 |
Earnings (loss) from continuing operations | 15,177 | 14,624 | 14,122 |
Earnings (loss) from discontinued operations, net of taxes | (2,120) | (983) | 29 |
Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
Subsidiaries GECC | |||
Sales of goods | 126 | 119 | 148 |
Sales of services | 0 | 0 | 0 |
Other income | 0 | 0 | 0 |
GECC earnings from continuing operations | 0 | 0 | 0 |
GECC revenues from services | 43,941 | 45,245 | 48,176 |
Total revenues and other income | 44,067 | 45,364 | 48,324 |
Cost of goods sold | 108 | 99 | 135 |
Cost of services sold | 0 | 0 | 0 |
Interest and other financial charges | 9,267 | 11,596 | 13,760 |
Investment contracts, insurance losses and insurance annuity benefits | 2,779 | 2,984 | 3,059 |
Provision for losses on financing receivables | 4,818 | 3,832 | 3,930 |
Other costs and expenses | 19,776 | 18,924 | 19,927 |
Total costs and expenses | 36,748 | 37,435 | 40,811 |
Earnings (loss) from continuing operations before income taxes | 7,319 | 7,929 | 7,513 |
Benefit (provision) for income taxes | 992 | (521) | (906) |
Earnings from continuing operations | 8,311 | 7,408 | 6,607 |
Earnings (loss) from discontinued operations, net of taxes | (2,054) | (1,130) | 30 |
Net earnings (loss) | 6,257 | 6,278 | 6,637 |
Less: net earnings (loss) attributable to noncontrolling interests | 53 | 63 | 127 |
Net earnings (loss) attributable to the Company | 6,204 | 6,215 | 6,510 |
Preferred stock dividends declared | (298) | (123) | 0 |
Net earnings (loss) attributable to GE common shareowners | 5,906 | 6,092 | 6,510 |
Earnings (loss) from continuing operations | 8,258 | 7,345 | 6,480 |
Earnings (loss) from discontinued operations, net of taxes | (2,054) | (1,130) | 30 |
Net earnings (loss) attributable to the Company | 6,204 | 6,215 | 6,510 |
[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. |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2013 | |||
Statement of Comprehensive Income | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
Net earnings | $ 13,355 | 13,864 | 14,443 |
Less: net earnings (loss) attributable to noncontrolling interests | 298 | 223 | 292 |
Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
Other comprehensive income (loss) | |||
Investment securities | (374) | 705 | 608 |
Currency translation adjustments | (308) | 300 | 180 |
Cash flow hedges | 467 | 453 | 118 |
Benefit plans | 11,300 | 2,299 | (7,040) |
Other comprehensive income (loss) | 11,085 | 3,757 | (6,134) |
Less: Other comprehensive income (loss) attributable to noncontrolling interests | (25) | 13 | (15) |
Other comprehensive income (loss) attributable to Company | 11,110 | 3,744 | (6,119) |
Comprehensive income | 24,440 | 17,621 | 8,309 |
Less: Comprehensive income (loss) attributable to noncontrolling interests | 273 | 236 | 277 |
Comprehensive income attributable to Company | 24,167 | 17,385 | 8,032 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2013 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
(In Millions, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
Cash flows - operating activities | |||
Net earnings | $ 13,355 | 13,864 | 14,443 |
Less: net earnings (loss) attributable to noncontrolling interests | 298 | 223 | 292 |
Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
(Earnings) loss from discontinued operations, net of taxes | 2,120 | 983 | (29) |
Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
Depreciation and amortization of property, plant and equipment | 9,762 | 9,192 | 8,986 |
Earnings from continuing operations retained by GECC(b) | 0 | 0 | 0 |
Deferred income taxes | (3,295) | (1,152) | (204) |
Decrease (increase) in GE current receivables | (485) | (879) | (670) |
Decrease (increase) in inventories | (1,368) | (1,274) | (1,168) |
Increase (decrease) in accounts payable | 360 | (437) | 1,204 |
Increase (decrease) in GE progress collections | 1,893 | (920) | (1,146) |
Provision for losses on GECC financing receivables | 4,818 | 3,832 | 3,930 |
All other operating activities | 2,175 | 8,029 | 7,057 |
Cash from (used for) operating activities - continuing operations | 29,037 | 31,015 | 32,111 |
Cash from (used for) operating activities - discontinued operations | (458) | 316 | 1,248 |
Cash from (used for) operating activities | 28,579 | 31,331 | 33,359 |
Cash flows - investing activities | |||
Additions to property, plant and equipment | (13,458) | (15,119) | (12,637) |
Dispositions of property, plant and equipment | 5,883 | 6,184 | 5,867 |
Net decrease (increase) in GECC financing receivables | 2,715 | 6,979 | 14,785 |
Proceeds from sales of discontinued operations | 528 | 227 | 8,950 |
Proceeds from principal business dispositions | 3,324 | 3,618 | 8,877 |
Proceeds from sales of associated companies | 16,699 | 0 | 0 |
Net cash from (payments for) principal businesses purchased | (1,642) | (1,456) | (11,202) |
All other investing activities | 14,625 | 11,157 | 6,527 |
Cash from (used for) investing activities - continuing operations | 28,674 | 11,590 | 21,167 |
Cash from (used for) investing activities - discontinued operations | 443 | (288) | (1,285) |
Cash from (used for) investing activities | 29,117 | 11,302 | 19,882 |
Cash flows - financing activities | |||
Net increase (decrease) in borrowings (maturities of 90 days or less) | (14,230) | (2,231) | 5,951 |
Net increase (decrease) in bank deposits | 2,197 | 2,450 | 6,652 |
Newly issued debt (maturities longer than 90 days) | 45,392 | 63,019 | 43,847 |
Repayments and other reductions (maturities longer than 90 days) | (61,461) | (103,942) | (85,706) |
Proceeds from issuance of preferred stock | 990 | 3,960 | 0 |
Repayment of preferred stock | 0 | 0 | (3,300) |
Net dispositions (purchases) of GE shares for treasury | (9,278) | (4,164) | (1,456) |
Dividends paid to shareowners | (7,821) | (7,189) | (6,458) |
Purchase of subsidiary shares from noncontrolling interest | 0 | 0 | (4,578) |
All other financing activities | (1,418) | (2,958) | (1,867) |
Cash from (used for) financing activities - continuing operations | (45,629) | (51,055) | (46,915) |
Cash from (used for) financing activities - discontinued operations | 56 | (19) | 52 |
Cash from (used for) financing activities | (45,573) | (51,074) | (46,863) |
Effect of currency exchange rate changes on cash and equivalents | (795) | 1,278 | (841) |
Increase (decrease) in cash and equivalents | 11,328 | (7,163) | 5,537 |
Cash and equivalents at beginning of year | 77,459 | 84,622 | |
Cash and equivalents at end of year | 88,787 | 77,459 | 84,622 |
Less cash and equivalents of discontinued operations at end of year | 232 | 191 | 182 |
Cash and equivalents of continuing operations at end of year | 88,555 | 77,268 | 84,440 |
Supplemental disclosure of cash flows information | |||
Cash paid during the year for interest | (8,690) | (12,717) | (15,571) |
Cash recovered (paid) during the year for income taxes | (2,487) | (3,237) | (2,919) |
Legal Entity | |||
Subsidiaries | |||
Net earnings | 13,302 | 13,801 | 14,316 |
Less: net earnings (loss) attributable to noncontrolling interests | 245 | 160 | 165 |
Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
(Earnings) loss from discontinued operations, net of taxes | 2,120 | 983 | (29) |
Depreciation and amortization of property, plant and equipment | 2,449 | 2,291 | 2,068 |
Earnings from continuing operations retained by GECC(b) | (2,273) [1] | (919) | (6,480) |
Deferred income taxes | (2,571) | (294) | (327) |
Decrease (increase) in GE current receivables | (1,432) | 1,105 | (346) |
Decrease (increase) in inventories | (1,351) | (1,204) | (1,122) |
Increase (decrease) in accounts payable | 809 | 158 | 1,938 |
Increase (decrease) in GE progress collections | 1,919 | (920) | (1,146) |
Provision for losses on GECC financing receivables | 0 | 0 | 0 |
All other operating activities | 1,528 | 2,985 | 3,350 |
Cash from (used for) operating activities - continuing operations | 14,255 | 17,826 | 12,057 |
Cash from (used for) operating activities - discontinued operations | (2) | 0 | 0 |
Cash from (used for) operating activities | 14,253 | 17,826 | 12,057 |
Additions to property, plant and equipment | (3,680) | (3,937) | (2,957) |
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 | 1,316 | 540 | 6,254 |
Proceeds from sales of associated companies | 16,699 | 0 | 0 |
Net cash from (payments for) principal businesses purchased | (8,026) | (1,456) | (11,152) |
All other investing activities | (1,488) | (564) | (384) |
Cash from (used for) investing activities - continuing operations | 4,821 | (5,417) | (8,239) |
Cash from (used for) investing activities - discontinued operations | 2 | 0 | 0 |
Cash from (used for) investing activities | 4,823 | (5,417) | (8,239) |
Net increase (decrease) in borrowings (maturities of 90 days or less) | 949 | (890) | 1,058 |
Net increase (decrease) in bank deposits | 0 | 0 | 0 |
Newly issued debt (maturities longer than 90 days) | 512 | 6,961 | 177 |
Repayments and other reductions (maturities longer than 90 days) | (5,032) | (34) | (270) |
Proceeds from issuance of preferred stock | 0 | 0 | 0 |
Repayment of preferred stock | 0 | 0 | (3,300) |
Net dispositions (purchases) of GE shares for treasury | (9,278) | (4,164) | (1,456) |
Dividends paid to shareowners | (7,821) | (7,189) | (6,458) |
Purchase of subsidiary shares from noncontrolling interest | 0 | 0 | (4,303) |
All other financing activities | (211) | 32 | (75) |
Cash from (used for) financing activities - continuing operations | (20,881) | (5,284) | (14,627) |
Cash from (used for) financing activities - discontinued operations | 0 | 0 | 0 |
Cash from (used for) financing activities | (20,881) | (5,284) | (14,627) |
Effect of currency exchange rate changes on cash and equivalents | (22) | 2 | (50) |
Increase (decrease) in cash and equivalents | (1,827) | 7,127 | (10,859) |
Cash and equivalents at beginning of year | 13,682 | 8,382 | 8,382 |
Cash and equivalents at end of year | 13,682 | 8,382 | 8,382 |
Less cash and equivalents of discontinued operations at end of year | 0 | 0 | 0 |
Cash and equivalents of continuing operations at end of year | 13,682 | 15,509 | 8,382 |
Cash paid during the year for interest | (812) | (1,182) | (1,177) |
Cash recovered (paid) during the year for income taxes | (4,753) | (2,987) | (2,303) |
Subsidiaries GECC | |||
Net earnings | 6,257 | 6,278 | 6,637 |
Less: net earnings (loss) attributable to noncontrolling interests | 53 | 63 | 127 |
Net earnings (loss) attributable to the Company | 6,204 | 6,215 | 6,510 |
(Earnings) loss from discontinued operations, net of taxes | 2,054 | 1,130 | (30) |
Depreciation and amortization of property, plant and equipment | 7,313 | 6,901 | 6,918 |
Earnings from continuing operations retained by GECC(b) | 0 | 0 | 0 |
Deferred income taxes | (724) | (858) | 123 |
Decrease (increase) in GE current receivables | 0 | 0 | 0 |
Decrease (increase) in inventories | 33 | (27) | 15 |
Increase (decrease) in accounts payable | 73 | (880) | 19 |
Increase (decrease) in GE progress collections | 0 | 0 | 0 |
Provision for losses on GECC financing receivables | 4,818 | 3,832 | 3,930 |
All other operating activities | 99 | 5,418 | 3,127 |
Cash from (used for) operating activities - continuing operations | 19,870 | 21,731 | 20,612 |
Cash from (used for) operating activities - discontinued operations | (456) | 316 | 1,248 |
Cash from (used for) operating activities | 19,414 | 22,047 | 21,860 |
Additions to property, plant and equipment | (9,978) | (11,879) | (9,869) |
Dispositions of property, plant and equipment | 5,883 | 6,184 | 5,867 |
Net decrease (increase) in GECC financing receivables | 3,589 | 5,490 | 14,525 |
Proceeds from sales of discontinued operations | 528 | 227 | 8,950 |
Proceeds from principal business dispositions | 1,983 | 2,863 | 2,623 |
Proceeds from sales of associated companies | 0 | 0 | 0 |
Net cash from (payments for) principal businesses purchased | 6,384 | 0 | (50) |
All other investing activities | 14,972 | 11,794 | 7,733 |
Cash from (used for) investing activities - continuing operations | 23,361 | 14,679 | 29,779 |
Cash from (used for) investing activities - discontinued operations | 441 | (288) | (1,285) |
Cash from (used for) investing activities | 23,802 | 14,391 | 28,494 |
Net increase (decrease) in borrowings (maturities of 90 days or less) | (13,892) | (1,401) | 4,393 |
Net increase (decrease) in bank deposits | 2,197 | 2,450 | 6,652 |
Newly issued debt (maturities longer than 90 days) | 44,888 | 55,841 | 43,267 |
Repayments and other reductions (maturities longer than 90 days) | (56,429) | (103,908) | (85,436) |
Proceeds from issuance of preferred stock | 990 | 3,960 | 0 |
Repayment of preferred stock | 0 | 0 | 0 |
Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
Dividends paid to shareowners | (6,283) | (6,549) | 0 |
Purchase of subsidiary shares from noncontrolling interest | 0 | 0 | (275) |
All other financing activities | (909) | (2,867) | (1,792) |
Cash from (used for) financing activities - continuing operations | (29,438) | (52,474) | (33,191) |
Cash from (used for) financing activities - discontinued operations | 56 | (19) | 52 |
Cash from (used for) financing activities | (29,382) | (52,493) | (33,139) |
Effect of currency exchange rate changes on cash and equivalents | (773) | 1,276 | (791) |
Increase (decrease) in cash and equivalents | 13,061 | (14,779) | 16,424 |
Cash and equivalents at beginning of year | 75,105 | 76,823 | 76,823 |
Cash and equivalents at end of year | 75,105 | 76,823 | 76,823 |
Less cash and equivalents of discontinued operations at end of year | 232 | 191 | 182 |
Cash and equivalents of continuing operations at end of year | 74,873 | 61,853 | 76,641 |
Cash paid during the year for interest | (8,146) | (12,172) | (15,018) |
Cash recovered (paid) during the year for income taxes | 2,266 | (250) | (616) |
[1] 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: 2013 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | ||
(In Millions, except shares in actual) | ||
As of | As of | |
Dec 31, 2013 | Dec 31, 2012 | |
Assets | ||
Cash and equivalents | $ 88,555 | 77,268 |
Investment securities | 43,981 | 48,510 |
Current receivables | 21,388 | 19,902 |
Inventories | 17,325 | 15,374 |
Financing receivables - net | 241,940 | 257,238 |
Other GECC receivables | 9,114 | 7,864 |
Property, plant and equipment - net | 68,827 | 68,633 |
Investment in GECC | 0 | 0 |
Goodwill | 77,648 | 73,114 |
Other intangible assets - net | 14,310 | 11,980 |
All other assets | 70,808 | 101,644 |
Deferred income taxes | 275 | (54) |
Assets of businesses held for sale | 50 | 211 |
Assets of discontinued operations | 2,339 | 3,315 |
Total assets(a) | 656,560 [1] | 684,999 |
Liabilities and equity | ||
Short-term borrowings | 77,890 | 101,392 |
Accounts payable, principally trade accounts | 16,471 | 15,654 |
Progress collections and price adjustments accrued | 13,125 | 10,877 |
Dividends payable | 2,220 | 1,980 |
Other GE current liabilities | 13,381 | 14,895 |
Non-recourse borrowings of consolidated securitization entities | 30,124 | 30,123 |
Bank deposits | 53,361 | 46,200 |
Long-term borrowings | 221,665 | 236,084 |
Investment contracts, insurance liabilities and insurance annuity benefits | 26,544 | 28,268 |
All other liabilities | 61,057 | 68,166 |
Liabilities of businesses held for sale | 6 | 157 |
Liabilities of discontinued operations | 3,933 | 2,733 |
Total liabilities(a) | 519,777 | 556,529 |
GECC preferred stock (50,000 and 40,000 shares outstanding at year-end 2013 and 2012, respectively) | 0 | 0 |
Common stock (10,060,881,000 and 10,405,625,000 shares outstanding at year-end 2013 and 2012, respectively) | 702 | 702 |
Accumulated other comprehensive income (loss) attributable to the Company(b) | ||
Investment securities | 307 | 677 [2] |
Currency translation adjustments | 126 | 412 |
Cash flow hedges | (257) | (722) |
Benefit plans | (9,296) | (20,597) |
Other capital | 32,494 | 33,070 |
Retained earnings | 149,051 | 144,055 |
Less common stock held in treasury | (42,561) | (34,571) |
Total Company shareowners' equity | 130,566 | 123,026 |
Noncontrolling interests(c) | 6,217 [3] | 5,444 |
Total equity | 136,783 | 128,470 |
Total liabilities and equity | 656,560 | 684,999 |
Legal Entity | ||
Subsidiaries | ||
Cash and equivalents | 13,682 | 15,509 |
Investment securities | 323 | 74 |
Current receivables | 10,970 | 9,274 |
Inventories | 17,257 | 15,295 |
Financing receivables - net | 0 | 0 |
Other GECC receivables | 0 | 0 |
Property, plant and equipment - net | 17,574 | 16,033 |
Investment in GECC | 77,745 | 77,930 |
Goodwill | 51,453 | 46,143 |
Other intangible assets - net | 13,180 | 10,700 |
All other assets | 23,708 | 39,534 |
Deferred income taxes | 5,061 | 5,946 |
Assets of businesses held for sale | 0 | 0 |
Assets of discontinued operations | 9 | 9 |
Total assets(a) | 230,962 | 236,447 |
Short-term borrowings | 1,841 | 6,041 |
Accounts payable, principally trade accounts | 16,353 | 14,259 |
Progress collections and price adjustments accrued | 13,152 | 10,877 |
Dividends payable | 2,220 | 1,980 |
Other GE current liabilities | 13,381 | 14,896 |
Non-recourse borrowings of consolidated securitization entities | 0 | 0 |
Bank deposits | 0 | 0 |
Long-term borrowings | 11,515 | 11,428 |
Investment contracts, insurance liabilities and insurance annuity benefits | 0 | 0 |
All other liabilities | 40,955 | 53,093 |
Liabilities of businesses held for sale | 0 | 0 |
Liabilities of discontinued operations | 143 | 70 |
Total liabilities(a) | 99,560 | 112,644 |
GECC preferred stock (50,000 and 40,000 shares outstanding at year-end 2013 and 2012, respectively) | 0 | 0 |
Common stock (10,060,881,000 and 10,405,625,000 shares outstanding at year-end 2013 and 2012, respectively) | 702 | 702 |
Investment securities | 307 | 677 |
Currency translation adjustments | 126 | 412 |
Cash flow hedges | (257) | (722) |
Benefit plans | (9,296) | (20,597) |
Other capital | 32,494 | 33,070 |
Retained earnings | 149,051 | 144,055 |
Less common stock held in treasury | (42,561) | (34,571) |
Total Company shareowners' equity | 130,566 | 123,026 |
Noncontrolling interests(c) | 836 | 777 |
Total equity | 131,402 | 123,803 |
Total liabilities and equity | 230,962 | 236,447 |
Subsidiaries GECC | ||
Cash and equivalents | 74,873 | 61,853 |
Investment securities | 43,662 | 48,439 |
Current receivables | 0 | 0 |
Inventories | 68 | 79 |
Financing receivables - net | 253,029 | 268,161 |
Other GECC receivables | 16,513 | 13,891 |
Property, plant and equipment - net | 51,607 | 52,967 |
Investment in GECC | 0 | 0 |
Goodwill | 26,195 | 26,971 |
Other intangible assets - net | 1,136 | 1,287 |
All other assets | 47,366 | 62,186 |
Deferred income taxes | (4,786) | (6,000) |
Assets of businesses held for sale | 50 | 211 |
Assets of discontinued operations | 2,330 | 3,306 |
Total assets(a) | 512,043 | 533,351 |
Short-term borrowings | 77,298 | 95,940 |
Accounts payable, principally trade accounts | 6,549 | 6,256 |
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 | 30,124 | 30,123 |
Bank deposits | 53,361 | 46,200 |
Long-term borrowings | 210,279 | 224,776 |
Investment contracts, insurance liabilities and insurance annuity benefits | 26,979 | 28,696 |
All other liabilities | 20,531 | 15,943 |
Liabilities of businesses held for sale | 6 | 157 |
Liabilities of discontinued operations | 3,790 | 2,663 |
Total liabilities(a) | 428,917 | 450,754 |
GECC preferred stock (50,000 and 40,000 shares outstanding at year-end 2013 and 2012, respectively) | 0 | 0 |
Common stock (10,060,881,000 and 10,405,625,000 shares outstanding at year-end 2013 and 2012, respectively) | 0 | 0 |
Investment securities | 309 | 673 |
Currency translation adjustments | (687) | (131) |
Cash flow hedges | (293) | (746) |
Benefit plans | (363) | (736) |
Other capital | 32,563 | 31,586 |
Retained earnings | 51,165 | 51,244 |
Less common stock held in treasury | 0 | 0 |
Total Company shareowners' equity | 82,694 | 81,890 |
Noncontrolling interests(c) | 432 | 707 |
Total equity | 83,126 | 82,597 |
Total liabilities and equity | 512,043 | 533,351 |
[1] (a) Our consolidated assets at December 31, 2013 include total assets of $47,367 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 $41,420 million and investment securities of $3,830 million. Our consolidated liabilities at December 31, 2013 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 $(9,120) million and $(20,230) million at December 31, 2013 and 2012, respectively. | ||
[3] (c) Included accumulated other comprehensive income attributable to noncontrolling interests of $(180) million and $(155) million at December 31, 2013 and 2012, respectively. |
External Links | |
GENERAL ELECTRIC CO (GE) Fiscal Year 2013 | |
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 |