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: 2014 | |||
Statement of Earnings | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Statement of Earnings | |||
| Revenues and other income | |||
| Sales of goods | $ 76,568 | 71,873 | 72,991 |
| Sales of services | 30,190 | 28,669 | 27,158 |
| Other income (Note 17) | 778 | 3,108 | 2,563 |
| GECC earnings from continuing operations | 0 | 0 | 0 |
| GECC revenues from services (Note 18) | 41,053 | 42,395 | 43,972 |
| Total revenues and other income | 148,589 | 146,045 | 146,684 |
| Costs and expenses (Note 19) | |||
| Cost of goods sold | 61,257 | 57,867 | 56,785 |
| Cost of services sold | 20,054 | 19,274 | 17,525 |
| Interest and other financial charges | 9,482 | 10,116 | 12,407 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,548 | 2,676 | 2,857 |
| Provision for losses on financing receivables (Note 6) | 3,993 | 4,818 | 3,832 |
| Other costs and expenses | 34,026 | 35,143 | 35,897 |
| Total costs and expenses | 131,360 | 129,894 | 129,303 |
| Earnings from continuing operations before income taxes | 17,229 | 16,151 | 17,381 |
| Benefit (provision) for income taxes (Note 14) | (1,772) | (676) | (2,534) |
| Earnings from continuing operations | 15,457 | 15,475 | 14,847 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (112) | (2,120) | (983) |
| Net earnings | 15,345 | 13,355 | 13,864 |
| Less net earnings (loss) attributable to noncontrolling interests | 112 | 298 | 223 |
| Net earnings attributable to the Company | 15,233 | 13,057 | 13,641 |
| Preferred stock dividends declared | 0 | 0 | 0 |
| Net earnings attributable to GE common shareowners | 15,233 | 13,057 | 13,641 |
| Amounts attributable to GE common shareowners | |||
| Earnings from continuing operations | 15,457 | 15,475 | 14,847 |
| Less net earnings (loss) attributable to noncontrolling interests | 112 | 298 | 223 |
| Earnings from continuing operations attributable to the Company | 15,345 | 15,177 | 14,624 |
| GECC preferred stock dividends declared | 0 | 0 | 0 |
| Earnings from continuing operations attributable to GE common shareowners | 15,345 | 15,177 | 14,624 |
| Earnings (loss) from discontinued operations, net of taxes | (112) | (2,120) | (983) |
| Net earnings attributable to GE common shareowners | 15,233 | 13,057 | 13,641 |
| Per share amounts (Note 20) | |||
| Earnings from continuing operations | |||
| Diluted earnings per share | 1.51 | 1.47 | 1.38 |
| Basic earnings per share | 1.53 | 1.48 | 1.39 |
| Net earnings | |||
| Diluted earnings per share | 1.50 | 1.27 | 1.29 |
| Basic earnings per share | 1.51 | 1.28 | 1.29 |
| Dividends declared per common share | 0.89 | 0.79 | 0.70 |
| Legal Entity | |||
| GE | |||
| Sales of goods | 76,714 | 71,951 | 73,304 |
| Sales of services | 30,594 | 29,063 | 27,571 |
| Other income (Note 17) | 707 | 2,886 | 2,657 |
| GECC earnings from continuing operations | 7,341 | 8,258 | 7,345 |
| GECC revenues from services (Note 18) | 0 | 0 | 0 |
| Total revenues and other income | 115,356 | 112,158 | 110,877 |
| Cost of goods sold | 61,420 | 57,962 | 57,118 |
| Cost of services sold | 20,457 | 19,668 | 17,938 |
| Interest and other financial charges | 1,579 | 1,333 | 1,353 |
| Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
| Provision for losses on financing receivables (Note 6) | 0 | 0 | 0 |
| Other costs and expenses | 14,971 | 16,105 | 17,671 |
| Total costs and expenses | 98,427 | 95,068 | 94,080 |
| Earnings from continuing operations before income taxes | 16,929 | 17,090 | 16,797 |
| Benefit (provision) for income taxes (Note 14) | (1,634) | (1,668) | (2,013) |
| Earnings from continuing operations | 15,295 | 15,422 | 14,784 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (112) | (2,120) | (983) |
| Net earnings | 15,183 | 13,302 | 13,801 |
| Less net earnings (loss) attributable to noncontrolling interests | (50) | 245 | 160 |
| Net earnings attributable to the Company | 15,233 | 13,057 | 13,641 |
| Preferred stock dividends declared | 0 | 0 | 0 |
| Net earnings attributable to GE common shareowners | 15,233 | 13,057 | 13,641 |
| Earnings from continuing operations | 15,295 | 15,422 | 14,784 |
| Less net earnings (loss) attributable to noncontrolling interests | (50) | 245 | 160 |
| Earnings from continuing operations attributable to the Company | 15,345 | 15,177 | 14,624 |
| GECC preferred stock dividends declared | 0 | 0 | 0 |
| Earnings from continuing operations attributable to GE common shareowners | 15,345 | 15,177 | 14,624 |
| Earnings (loss) from discontinued operations, net of taxes | (112) | (2,120) | (983) |
| Net earnings attributable to GE common shareowners | 15,233 | 13,057 | 13,641 |
| GECC | |||
| Sales of goods | 121 | 126 | 119 |
| 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) | 42,604 | 43,941 | 45,245 |
| Total revenues and other income | 42,725 | 44,067 | 45,364 |
| Cost of goods sold | 104 | 108 | 99 |
| Cost of services sold | 0 | 0 | 0 |
| Interest and other financial charges | 8,397 | 9,267 | 11,596 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,678 | 2,779 | 2,984 |
| Provision for losses on financing receivables (Note 6) | 3,993 | 4,818 | 3,832 |
| Other costs and expenses | 19,912 | 19,776 | 18,924 |
| Total costs and expenses | 35,084 | 36,748 | 37,435 |
| Earnings from continuing operations before income taxes | 7,641 | 7,319 | 7,929 |
| Benefit (provision) for income taxes (Note 14) | (138) | 992 | (521) |
| Earnings from continuing operations | 7,503 | 8,311 | 7,408 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (107) | (2,054) | (1,130) |
| Net earnings | 7,396 | 6,257 | 6,278 |
| Less net earnings (loss) attributable to noncontrolling interests | 162 | 53 | 63 |
| Net earnings attributable to the Company | 7,234 | 6,204 | 6,215 |
| Preferred stock dividends declared | (322) | (298) | (123) |
| Net earnings attributable to GE common shareowners | 6,912 | 5,906 | 6,092 |
| Earnings from continuing operations | 7,503 | 8,311 | 7,408 |
| Less net earnings (loss) attributable to noncontrolling interests | 162 | 53 | 63 |
| Earnings from continuing operations attributable to the Company | 7,341 | 8,258 | 7,345 |
| GECC preferred stock dividends declared | (322) | (298) | (123) |
| Earnings from continuing operations attributable to GE common shareowners | 7,019 | 7,960 | 7,222 |
| Earnings (loss) from discontinued operations, net of taxes | (107) | (2,054) | (1,130) |
| Net earnings attributable to GE common shareowners | 6,912 | 5,906 | 6,092 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2014 | |||
Consolidated Statement of Comprehensive Income | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Net earnings | $ 15,345 | 13,355 | 13,864 |
| Less net earnings (loss) attributable to noncontrolling interests | 112 | 298 | 223 |
| Net earnings attributable to GE common shareowners for per-share calculation, Basic | 15,233 | 13,057 | 13,641 |
| Other comprehensive income (loss) | |||
| Investment securities | 708 | (374) | 705 |
| Currency translation adjustments | (2,729) | (308) | 300 |
| Cash flow hedges | 234 | 467 | 453 |
| Benefit plans | (7,279) | 11,300 | 2,299 |
| Other comprehensive income (loss) | (9,066) | 11,085 | 3,757 |
| Less Other comprehensive income (loss) attributable to noncontrolling interests | (14) | (25) | 13 |
| Other comprehensive income attributable to GE | (9,052) | 11,110 | 3,744 |
| Comprehensive income | 6,279 | 24,440 | 17,621 |
| Less Comprehensive income (loss) attributable to noncontrolling interests | 98 | 273 | 236 |
| Comprehensive income attributable to Company | 6,181 | 24,167 | 17,385 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2014 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows - operating activities | |||
| Net earnings | $ 15,345 | 13,355 | 13,864 |
| Less net earnings (loss) attributable to noncontrolling interests | 112 | 298 | 223 |
| Net earnings attributable to GE common shareowners for per-share calculation, Basic | 15,233 | 13,057 | 13,641 |
| (Earnings) loss from discontinued operations, net of taxes | 112 | 2,120 | 983 |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 9,283 | 9,762 | 9,192 |
| Earnings from continuing operations retained by GECC(b) | 0 | 0 | 0 |
| Deferred income taxes | (1,186) | (3,295) | (1,152) |
| Decrease (increase) in GE current receivables | (1,913) | (485) | (879) |
| Increase (Decrease) in Inventories | (872) | (1,368) | (1,274) |
| Increase (decrease) in accounts payable | 305 | 360 | (437) |
| Increase (decrease) in GE progress collections | (515) | 1,893 | (920) |
| Provision for losses on GECC financing receivables | 3,993 | 4,818 | 3,832 |
| All other operating activities | 3,075 | 2,175 | 8,029 |
| Cash from (used for) operating activities - continuing operations | 27,515 | 29,037 | 31,015 |
| Cash from (used for) operating activities - discontinued operations | 195 | (458) | 316 |
| Cash from (used for) operating activities | 27,710 | 28,579 | 31,331 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (13,727) | (13,458) | (15,119) |
| Dispositions of property, plant and equipment | 6,262 | 5,883 | 6,184 |
| Net decrease (increase) in GECC financing receivables | (4,267) | 2,715 | 6,979 |
| Proceeds from sales of discontinued operations | 232 | 528 | 227 |
| Proceeds from principal business dispositions | 2,950 | 3,324 | 3,618 |
| Proceeds from sale of equity interest in NBCU LLC | 0 | 16,699 | 0 |
| Net cash from (payments for) principal businesses purchased | 2,639 | 1,642 | 1,456 |
| Payments for proceeds from other investing activities | 6,447 | 14,625 | 11,157 |
| Cash from (used for) investing activities - continuing operations | (4,742) | 28,674 | 11,590 |
| Cash from (used for) investing activities - discontinued operations | (288) | 443 | (288) |
| Cash from (used for) investing activities | (5,030) | 29,117 | 11,302 |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (6,112) | (14,230) | (2,231) |
| Net increase (decrease) in bank deposits | 13,286 | 2,197 | 2,450 |
| Newly issued debt (maturities longer than 90 days) | 37,548 | 45,392 | 63,019 |
| Repayments and other reductions (maturities longer than 90 days) | (53,380) | (61,461) | (103,942) |
| Proceeds from issuance of preferred stock | 0 | 990 | 3,960 |
| Net dispositions (purchases) of GE shares for treasury | (1,218) | (9,278) | (4,164) |
| Dividends paid to shareowners | (8,851) | (7,821) | (7,189) |
| Proceeds from initial public offering of Synchrony Financial | 2,842 | 0 | 0 |
| All other financing activities | (1,067) | (1,418) | (2,958) |
| Cash from (used for) financing activities - continuing operations | (16,952) | (45,629) | (51,055) |
| Cash from (used for) financing activities - discontinued operations | (6) | 56 | (19) |
| Cash from (used for) financing activities | (16,958) | (45,573) | (51,074) |
| Effect of currency exchange rate changes on cash and equivalents | (3,492) | (795) | 1,278 |
| Increase (decrease) in cash and equivalents | 2,230 | 11,328 | (7,163) |
| Cash and equivalents at beginning of year | 88,787 | 77,459 | 84,622 |
| Cash and equivalents at end of year | 91,017 | 88,787 | 77,459 |
| Less cash and equivalents of discontinued operations at December 31 | 133 | 232 | 191 |
| Cash and equivalents of continuing operations at end of year | 90,884 | 88,555 | 77,268 |
| Cash paid during the year for interest | (9,560) | (8,988) | (12,717) |
| Cash recovered (paid) during the year for income taxes | (2,955) | (2,487) | (3,237) |
| Legal Entity | |||
| GE | |||
| Net earnings | 15,183 | 13,302 | 13,801 |
| Less net earnings (loss) attributable to noncontrolling interests | (50) | 245 | 160 |
| Net earnings attributable to GE common shareowners for per-share calculation, Basic | 15,233 | 13,057 | 13,641 |
| (Earnings) loss from discontinued operations, net of taxes | 112 | 2,120 | 983 |
| Depreciation and amortization of property, plant and equipment | 2,508 | 2,449 | 2,291 |
| Earnings from continuing operations retained by GECC(b) | (4,341) | (2,273) | 919 |
| Deferred income taxes | (476) | (2,571) | (294) |
| Decrease (increase) in GE current receivables | (473) | (1,432) | 1,105 |
| Increase (Decrease) in Inventories | (877) | (1,351) | (1,204) |
| Increase (decrease) in accounts payable | 884 | 809 | 158 |
| Increase (decrease) in GE progress collections | (528) | 1,919 | (920) |
| Provision for losses on GECC financing receivables | 0 | 0 | 0 |
| All other operating activities | (3,129) | (1,528) | 2,985 |
| Cash from (used for) operating activities - continuing operations | 15,171 | 14,255 | 17,826 |
| Cash from (used for) operating activities - discontinued operations | (2) | (2) | 0 |
| Cash from (used for) operating activities | 15,169 | 14,253 | 17,826 |
| Additions to property, plant and equipment | (3,970) | (3,680) | (3,937) |
| 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 | 602 | 1,316 | 540 |
| Proceeds from sale of equity interest in NBCU LLC | 0 | 16,699 | 0 |
| Net cash from (payments for) principal businesses purchased | (2,091) | (8,026) | 1,456 |
| Payments for proceeds from other investing activities | (447) | (1,488) | (564) |
| Cash from (used for) investing activities - continuing operations | (5,906) | 4,821 | (5,417) |
| Cash from (used for) investing activities - discontinued operations | 2 | 2 | 0 |
| Cash from (used for) investing activities | (5,904) | 4,823 | (5,417) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 243 | 949 | (890) |
| Net increase (decrease) in bank deposits | 0 | 0 | 0 |
| Newly issued debt (maturities longer than 90 days) | 3,084 | 512 | 6,961 |
| Repayments and other reductions (maturities longer than 90 days) | (323) | (5,032) | (34) |
| Proceeds from issuance of preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | (1,218) | (9,278) | (4,164) |
| Dividends paid to shareowners | (8,851) | (7,821) | (7,189) |
| Proceeds from initial public offering of Synchrony Financial | 0 | 0 | 0 |
| All other financing activities | 346 | (211) | 32 |
| Cash from (used for) financing activities - continuing operations | (6,719) | (20,881) | (5,284) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | (6,719) | (20,881) | (5,284) |
| Effect of currency exchange rate changes on cash and equivalents | (312) | (22) | 2 |
| Increase (decrease) in cash and equivalents | 2,234 | (1,827) | 7,127 |
| Cash and equivalents at beginning of year | 15,916 | 15,509 | 8,382 |
| Cash and equivalents at end of year | 15,916 | 15,509 | 8,382 |
| Less cash and equivalents of discontinued operations at December 31 | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 15,916 | 13,682 | 15,509 |
| Cash paid during the year for interest | (1,215) | (1,132) | (1,182) |
| Cash recovered (paid) during the year for income taxes | (1,337) | (4,753) | (2,987) |
| GECC | |||
| Net earnings | 7,396 | 6,257 | 6,278 |
| Less net earnings (loss) attributable to noncontrolling interests | 162 | 53 | 63 |
| Net earnings attributable to GE common shareowners for per-share calculation, Basic | 7,234 | 6,204 | 6,215 |
| (Earnings) loss from discontinued operations, net of taxes | 107 | 2,054 | 1,130 |
| Depreciation and amortization of property, plant and equipment | 6,859 | 7,313 | 6,901 |
| Earnings from continuing operations retained by GECC(b) | 0 | 0 | 0 |
| Deferred income taxes | (710) | (724) | (858) |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Increase (Decrease) in Inventories | 27 | 33 | (27) |
| Increase (decrease) in accounts payable | (2) | 73 | (880) |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| Provision for losses on GECC financing receivables | 3,993 | 4,818 | 3,832 |
| All other operating activities | (240) | (99) | (5,418) |
| Cash from (used for) operating activities - continuing operations | 17,748 | 19,870 | 21,731 |
| Cash from (used for) operating activities - discontinued operations | 197 | (456) | 316 |
| Cash from (used for) operating activities | 17,945 | 19,414 | 22,047 |
| Additions to property, plant and equipment | (10,410) | (9,978) | (11,879) |
| Dispositions of property, plant and equipment | 6,284 | 5,883 | 6,184 |
| Net decrease (increase) in GECC financing receivables | (5,689) | 3,589 | 5,490 |
| Proceeds from sales of discontinued operations | 232 | 528 | 227 |
| Proceeds from principal business dispositions | 2,320 | 1,983 | 2,863 |
| Proceeds from sale of equity interest in NBCU LLC | 0 | 0 | 0 |
| Net cash from (payments for) principal businesses purchased | (548) | 6,384 | 0 |
| Payments for proceeds from other investing activities | 6,997 | 14,972 | 11,794 |
| Cash from (used for) investing activities - continuing operations | (814) | 23,361 | 14,679 |
| Cash from (used for) investing activities - discontinued operations | (290) | 441 | (288) |
| Cash from (used for) investing activities | (1,104) | 23,802 | 14,391 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (6,781) | (13,892) | (1,401) |
| Net increase (decrease) in bank deposits | 13,286 | 2,197 | 2,450 |
| Newly issued debt (maturities longer than 90 days) | 34,464 | 44,888 | 55,841 |
| Repayments and other reductions (maturities longer than 90 days) | (53,057) | (56,429) | (103,908) |
| Proceeds from issuance of preferred stock | 0 | 990 | 3,960 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | (3,322) | (6,283) | (6,549) |
| Proceeds from initial public offering of Synchrony Financial | 2,842 | 0 | 0 |
| All other financing activities | (1,091) | (909) | (2,867) |
| Cash from (used for) financing activities - continuing operations | (13,659) | (29,438) | (52,474) |
| Cash from (used for) financing activities - discontinued operations | (6) | 56 | (19) |
| Cash from (used for) financing activities | (13,665) | (29,382) | (52,493) |
| Effect of currency exchange rate changes on cash and equivalents | (3,180) | (773) | 1,276 |
| Increase (decrease) in cash and equivalents | (4) | 13,061 | (14,779) |
| Cash and equivalents at beginning of year | 75,101 | 62,044 | 76,823 |
| Cash and equivalents at end of year | 75,101 | 62,044 | 76,823 |
| Less cash and equivalents of discontinued operations at December 31 | 133 | 232 | 191 |
| Cash and equivalents of continuing operations at end of year | 74,968 | 74,873 | 61,853 |
| Cash paid during the year for interest | (8,910) | (8,146) | (12,172) |
| Cash recovered (paid) during the year for income taxes | (1,618) | 2,266 | (250) |
| Synchrony | |||
| Proceeds from initial public offering of Synchrony Financial | 2,842 | 0 | |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GENERAL ELECTRIC CO | ||
Ticker: GE Fiscal Year: 2014 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Cash and equivalents | $ 90,208 | 88,555 |
| Investment securities (Note 3) | 47,907 | 43,981 |
| Current receivables (Note 4) | 23,237 | 21,388 |
| Inventories (Note 5) | 17,689 | 17,325 |
| Financing receivables - net (Note 6 and 27) | 224,816 | 241,940 |
| Other GECC receivables | 9,095 | 9,114 |
| Property, plant and equipment - net (Note 7) | 66,387 | 68,827 |
| Investment in GECC | 0 | 0 |
| Goodwill (Note 8) | 76,553 | 77,648 |
| Other intangible assets - net (Note 8) | 14,156 | 14,310 |
| All other assets (Note 9) | 68,225 | 70,808 |
| Deferred income taxes | 2,541 | 275 |
| Assets of businesses held for sale (Note 2) | 6,300 | 50 |
| Assets of discontinued operations (Note 2) | 1,235 | 2,339 |
| Total assets(a) | 648,349 | 656,560 [1] |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 71,789 | 77,890 |
| Accounts payable, principally trade accounts | 16,338 | 16,471 |
| Progress collections and price adjustments accrued | 12,537 | 13,125 |
| Dividends payable | 2,317 | 2,220 |
| Other GE current liabilities | 12,682 | 13,381 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 29,938 | 30,124 |
| Bank deposits (Note 10) | 62,839 | 53,361 |
| Long-term borrowings (Note 10) | 200,414 | 221,665 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 27,578 | 26,544 |
| All other liabilities (Note 13) | 70,484 | 61,057 |
| Liabilities of businesses held for sale (Note 2) | 3,375 | 6 |
| Liabilities of discontinued operations (Note 2) | 1,225 | 3,933 |
| Total liabilities(a) | 511,516 | 519,777 |
| GECC preferred stock (50,000 shares outstanding at both year-end 2014 and 2013) | 0 | 0 |
| Common stock (10,057,380,000 and 10,060,881,000 shares outstanding at year-end 2014 and 2013, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) - attributable to GE(b) | ||
| Investment securities | 1,013 [2] | 307 |
| Currency translation adjustments | (2,427) | 126 |
| Cash flow hedges | (180) | (257) |
| Benefit plans | (16,578) | (9,296) |
| Other capital | 32,889 | 32,494 |
| Retained earnings | 155,333 | 149,051 |
| Treasury Stock, Value | (42,593) | (42,561) |
| Total GE shareowners' equity | 128,159 | 130,566 |
| Noncontrolling interests(c) | 8,674 [3] | 6,217 |
| Total equity (Note 15 and 16) | 136,833 | 136,783 |
| Total liabilities and equity | 648,349 | 656,560 |
| Legal Entity | ||
| GE | ||
| Cash and equivalents | 15,916 | 13,682 |
| Investment securities (Note 3) | 84 [4] | 323 |
| Current receivables (Note 4) | 11,513 | 10,970 |
| Inventories (Note 5) | 17,639 | 17,257 |
| Financing receivables - net (Note 6 and 27) | 0 | 0 |
| Other GECC receivables | 0 | 0 |
| Property, plant and equipment - net (Note 7) | 17,207 | 17,574 |
| Investment in GECC | 82,549 | 77,745 |
| Goodwill (Note 8) | 51,527 | 51,453 |
| Other intangible assets - net (Note 8) | 12,984 | 13,180 |
| All other assets (Note 9) | 24,680 | 23,708 |
| Deferred income taxes | 8,772 | 5,061 |
| Assets of businesses held for sale (Note 2) | 2,805 | 0 |
| Assets of discontinued operations (Note 2) | 10 | 9 |
| Total assets(a) | 245,686 | 230,962 |
| Short-term borrowings (Note 10) | 3,872 | 1,841 |
| Accounts payable, principally trade accounts | 16,511 | 16,353 |
| Progress collections and price adjustments accrued | 12,550 | 13,152 |
| Dividends payable | 2,317 | 2,220 |
| Other GE current liabilities | 12,681 | 13,381 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 0 | 0 |
| Bank deposits (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 12,468 | 11,515 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| All other liabilities (Note 13) | 54,662 | 40,955 |
| Liabilities of businesses held for sale (Note 2) | 1,504 | 0 |
| Liabilities of discontinued operations (Note 2) | 137 | 143 |
| Total liabilities(a) | 116,702 | 99,560 |
| GECC preferred stock (50,000 shares outstanding at both year-end 2014 and 2013) | 0 | 0 |
| Common stock (10,057,380,000 and 10,060,881,000 shares outstanding at year-end 2014 and 2013, respectively) | 702 | 702 |
| Investment securities | 1,013 | 307 |
| Currency translation adjustments | (2,427) | 126 |
| Cash flow hedges | (180) | (257) |
| Benefit plans | (16,578) | (9,296) |
| Other capital | 32,889 | 32,494 |
| Retained earnings | 155,333 | 149,051 |
| Treasury Stock, Value | (42,593) | (42,561) |
| Total GE shareowners' equity | 128,159 | 130,566 |
| Noncontrolling interests(c) | 825 | 836 |
| Total equity (Note 15 and 16) | 128,984 | 131,402 |
| Total liabilities and equity | 245,686 | 230,962 |
| GECC | ||
| Cash and equivalents | 74,292 | 74,873 |
| Investment securities (Note 3) | 47,827 | 43,662 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 50 | 68 |
| Financing receivables - net (Note 6 and 27) | 237,018 | 253,029 |
| Other GECC receivables | 16,683 | 16,513 |
| Property, plant and equipment - net (Note 7) | 49,570 | 51,607 |
| Investment in GECC | 0 | 0 |
| Goodwill (Note 8) | 25,026 | 26,195 |
| Other intangible assets - net (Note 8) | 1,176 | 1,136 |
| All other assets (Note 9) | 43,875 | 47,366 |
| Deferred income taxes | (6,231) | (4,786) |
| Assets of businesses held for sale (Note 2) | 3,474 | 50 |
| Assets of discontinued operations (Note 2) | 1,225 | 2,330 |
| Total assets(a) | 493,985 | 512,043 |
| Short-term borrowings (Note 10) | 68,780 | 77,298 |
| Accounts payable, principally trade accounts | 6,177 | 6,549 |
| 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) | 29,938 | 30,124 |
| Bank deposits (Note 10) | 62,839 | 53,361 |
| Long-term borrowings (Note 10) | 187,991 | 210,279 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 28,027 | 26,979 |
| All other liabilities (Note 13) | 16,313 | 20,531 |
| Liabilities of businesses held for sale (Note 2) | 2,434 | 6 |
| Liabilities of discontinued operations (Note 2) | 1,088 | 3,790 |
| Total liabilities(a) | 403,587 | 428,917 |
| GECC preferred stock (50,000 shares outstanding at both year-end 2014 and 2013) | 0 | 0 |
| Common stock (10,057,380,000 and 10,060,881,000 shares outstanding at year-end 2014 and 2013, respectively) | 0 | 0 |
| Investment securities | 1,010 | 309 |
| Currency translation adjustments | (838) | (687) |
| Cash flow hedges | (172) | (293) |
| Benefit plans | (577) | (363) |
| Other capital | 32,999 | 32,563 |
| Retained earnings | 55,077 | 51,165 |
| Treasury Stock, Value | 0 | 0 |
| Total GE shareowners' equity | 87,499 | 82,694 |
| Noncontrolling interests(c) | 2,899 | 432 |
| Total equity (Note 15 and 16) | 90,398 | 83,126 |
| Total liabilities and equity | 493,985 | 512,043 |
| [1] (a) Our consolidated assets at December 31, 2014 included total assets of $ 50,453 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets included net financing receivables of $ 43,620 million and investment securities of $ 3,374 million. Our consolidated liabilities at December 31, 2014 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of co | ||
| [2] (b) The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $ (18,172) million and $ (9,120) million at December 31, 2014 a nd 2013 , re spectively. | ||
| [3] (c) Included AOCI attributable to noncontrolling interests of $ (194) million and $ (180) million at December 31, 2014 and 2013 , respectively. | ||
| [4] (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. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2014 | |
| 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 |