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: 2015 | |||
Statement of Earnings | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Statement of Earnings | |||
| Revenues and other income | |||
| Sales of goods | $ 74,510 | 76,568 | 71,873 |
| Sales of services | 31,298 | 30,190 | 28,669 |
| Other income (Note 17) | 2,227 | 778 | 3,107 |
| GE Capital earnings from continuing operations | 0 | 0 | 0 |
| GE Capital revenues from services | 9,350 | 9,648 | 9,595 |
| Total revenues and other income | 117,386 | 117,184 | 113,245 |
| Costs and expenses | |||
| Cost of goods sold | 59,905 | 61,257 | 57,867 |
| Cost of services sold | 22,788 | 22,447 | 21,974 |
| Selling, general and administrative expenses | 17,831 | 16,848 | 17,945 |
| Interest and other financial charges | 3,463 | 2,723 | 2,870 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,605 | 2,530 | 2,661 |
| Other costs and expenses | 2,608 | 1,115 | 828 |
| Total costs and expenses | 109,200 | 106,921 | 104,145 |
| Earnings (loss) from continuing operations before income taxes | 8,186 | 10,263 | 9,100 |
| Benefit (provision) for income taxes | (6,485) | (773) | (1,219) |
| Earnings (loss) from continuing operations | 1,700 | 9,490 | 7,881 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (7,495) | 5,855 | 5,475 |
| Net earnings (loss) | (5,795) | 15,345 | 13,355 |
| Less net earnings (loss) attributable to noncontrolling interests | 332 | 112 | 298 |
| Net earnings (loss) attributable to the Company | (6,126) | 15,233 | 13,057 |
| Preferred stock dividends declared | (18) | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | (6,145) | 15,233 | 13,057 |
| Amounts attributable to GE common shareowners | |||
| Earnings (loss) from continuing operations | 1,700 | 9,490 | 7,881 |
| Less net earnings (loss) from continuing operations, attributable to noncontrolling interests | 19 | (45) | 262 |
| Earnings (loss) from continuing operations attributable to the Company | 1,681 | 9,535 | 7,618 |
| Preferred stock dividends declared | (18) | 0 | 0 |
| Net earnings (loss) from continuing operations attributable to GE common shareowners | 1,663 | 9,535 | 7,618 |
| Earnings (loss) from discontinued operations, net of taxes | (7,495) | 5,855 | 5,475 |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 312 | 157 | 36 |
| Net earnings (loss) attributable to GE common shareowners | (6,145) | 15,233 | 13,057 |
| Per share amounts | |||
| Earnings (loss) from continuing operations | |||
| Diluted earnings (loss) per share | 0.17 | 0.94 | 0.74 |
| Basic earnings (loss) per share | 0.17 | 0.95 | 0.74 |
| Net earnings | |||
| Diluted earnings (loss) per share | (0.61) | 1.50 | 1.27 |
| Basic earnings (loss) per share | (0.62) | 1.51 | 1.28 |
| Dividends declared per common share | 0.92 | 0.89 | 0.79 |
| Legal Entity | |||
| GE | |||
| Sales of goods | 74,565 | 76,715 | 71,951 |
| Sales of services | 31,641 | 30,594 | 29,063 |
| Other income (Note 17) | 2,165 | 707 | 2,886 |
| GE Capital earnings from continuing operations | (7,672) | 1,532 | 699 |
| GE Capital revenues from services | 0 | 0 | 0 |
| Total revenues and other income | 100,700 | 109,546 | 104,599 |
| Cost of goods sold | 59,970 | 61,420 | 57,962 |
| Cost of services sold | 20,858 | 20,456 | 19,668 |
| Selling, general and administrative expenses | 14,914 | 14,972 | 16,104 |
| Interest and other financial charges | 1,706 | 1,579 | 1,333 |
| Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
| Other costs and expenses | 0 | 0 | 0 |
| Total costs and expenses | 97,447 | 98,427 | 95,068 |
| Earnings (loss) from continuing operations before income taxes | 3,252 | 11,119 | 9,531 |
| Benefit (provision) for income taxes | (1,506) | (1,634) | (1,667) |
| Earnings (loss) from continuing operations | 1,746 | 9,485 | 7,864 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (7,807) | 5,698 | 5,439 |
| Net earnings (loss) | (6,061) | 15,182 | 13,303 |
| Less net earnings (loss) attributable to noncontrolling interests | 83 | (50) | 245 |
| Net earnings (loss) attributable to the Company | (6,145) | 15,233 | 13,057 |
| Preferred stock dividends declared | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | (6,145) | 15,233 | 13,057 |
| Earnings (loss) from continuing operations | 1,746 | 9,485 | 7,864 |
| Less net earnings (loss) from continuing operations, attributable to noncontrolling interests | 83 | (50) | 245 |
| Earnings (loss) from continuing operations attributable to the Company | 1,663 | 9,535 | 7,618 |
| Preferred stock dividends declared | 0 | 0 | 0 |
| Net earnings (loss) from continuing operations attributable to GE common shareowners | 1,663 | 9,535 | 7,618 |
| Earnings (loss) from discontinued operations, net of taxes | (7,807) | 5,698 | 5,439 |
| Net earnings (loss) attributable to GE common shareowners | (6,145) | 15,233 | 13,057 |
| GE Capital | |||
| Sales of goods | 79 | 121 | 126 |
| Sales of services | 0 | 0 | 0 |
| Other income (Note 17) | 0 | 0 | 0 |
| GE Capital earnings from continuing operations | 0 | 0 | 0 |
| GE Capital revenues from services | 10,722 | 11,199 | 11,141 |
| Total revenues and other income | 10,801 | 11,320 | 11,267 |
| Cost of goods sold | 69 | 104 | 108 |
| Cost of services sold | 2,273 | 2,394 | 2,700 |
| Selling, general and administrative expenses | 3,512 | 2,689 | 2,550 |
| Interest and other financial charges | 2,301 | 1,638 | 2,021 |
| Investment contracts, insurance losses and insurance annuity benefits | 2,737 | 2,660 | 2,764 |
| Other costs and expenses | 2,647 | 1,159 | 856 |
| Total costs and expenses | 13,539 | 10,645 | 10,999 |
| Earnings (loss) from continuing operations before income taxes | (2,739) | 676 | 268 |
| Benefit (provision) for income taxes | (4,979) | 861 | 448 |
| Earnings (loss) from continuing operations | (7,718) | 1,537 | 716 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (7,485) | 5,860 | 5,540 |
| Net earnings (loss) | (15,202) | 7,397 | 6,256 |
| Less net earnings (loss) attributable to noncontrolling interests | 248 | 162 | 53 |
| Net earnings (loss) attributable to the Company | (15,450) | 7,234 | 6,204 |
| Preferred stock dividends declared | (330) | (322) | (298) |
| Net earnings (loss) attributable to GE common shareowners | (15,780) | 6,912 | 5,906 |
| Earnings (loss) from continuing operations | (7,718) | 1,537 | 716 |
| Less net earnings (loss) from continuing operations, attributable to noncontrolling interests | (64) | 5 | 17 |
| Earnings (loss) from continuing operations attributable to the Company | (7,654) | 1,532 | 699 |
| Preferred stock dividends declared | (330) | (322) | (298) |
| Net earnings (loss) from continuing operations attributable to GE common shareowners | (7,983) | 1,209 | 401 |
| Earnings (loss) from discontinued operations, net of taxes | (7,485) | 5,860 | 5,540 |
| Net earnings (loss) attributable to GE common shareowners | (15,780) | 6,912 | 5,906 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2015 | |||
Consolidated Statement of Comprehensive Income (Loss) | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Net earnings (loss) | $ (5,795) | 15,345 | 13,355 |
| Less net earnings (loss) attributable to noncontrolling interests | 332 | 112 | 298 |
| Net earnings (loss) attributable to the Company | (6,126) | 15,233 | 13,057 |
| Other comprehensive income (loss) | |||
| Investment securities | (553) | 708 | (374) |
| Currency translation adjustments | (3,137) | (2,730) | (308) |
| Cash flow hedges | 99 | 234 | 466 |
| Benefit plans | 5,165 | (7,278) | 11,300 |
| Other comprehensive income (loss) | 1,575 | (9,066) | 11,084 |
| Less Other comprehensive income (loss) attributable to noncontrolling interests | (69) | (13) | (25) |
| Other comprehensive income (loss) attributable to the Company | 1,644 | (9,053) | 11,109 |
| Comprehensive income (loss) | (4,220) | 6,278 | 24,440 |
| Less Comprehensive income (loss) attributable to noncontrolling interests | 263 | 99 | 273 |
| Comprehensive income (loss) attributable to the Company | (4,483) | 6,180 | 24,167 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2015 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows - operating activities | |||
| Net earnings (loss) | $ (5,795) | 15,345 | 13,355 |
| Less net earnings (loss) attributable to noncontrolling interests | 332 | 112 | 298 |
| Net earnings (loss) attributable to the Company | (6,126) | 15,233 | 13,057 |
| (Earnings) loss from discontinued operations, net of taxes | 7,495 | (5,855) | (5,475) |
| Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 4,847 | 4,953 | 5,202 |
| Earnings from continuing operations retained by GE Capital(b) | 0 | 0 | 0 |
| Deferred income taxes | 383 | (882) | (3,540) |
| Decrease (increase) in GE current receivables | (52) | (1,913) | (485) |
| Decrease (increase) in inventories | (314) | (872) | (1,368) |
| Increase (decrease) in accounts payable | (541) | 565 | 442 |
| Increase (decrease) in GE progress collections | (996) | (515) | 1,892 |
| All other operating activities | 7,160 | 5,318 | 4,672 |
| Cash from (used for) operating activities - continuing operations | 11,856 | 16,033 | 14,398 |
| Cash from (used for) operating activities - discontinued operations | 8,034 | 11,676 | 14,112 |
| Cash from (used for) operating activities | 19,891 | 27,709 | 28,510 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (7,309) | (7,134) | (6,754) |
| Dispositions of property, plant and equipment | 3,020 | 2,923 | 2,716 |
| Net decrease (increase) in GE Capital financing receivables | 1,043 | 1,260 | 2,151 |
| Proceeds from sales of discontinued operations | 79,615 | 232 | 528 |
| Proceeds from principal business dispositions | 2,283 | 630 | 1,818 |
| Proceeds from sale of equity interest in NBCU LLC | 0 | 0 | 16,699 |
| Net cash from (payments for) principal businesses purchased | (12,027) | (2,091) | (8,026) |
| All other investing activities | (5,013) | 23,410 | 35,027 |
| Cash from (used for) investing activities - continuing operations | 61,613 | 19,229 | 44,159 |
| Cash from (used for) investing activities - discontinued operations | (2,125) | (24,263) | (15,042) |
| Cash from (used for) investing activities | 59,488 | (5,034) | 29,117 |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (24,459) | (6,409) | (14,048) |
| Newly issued debt (maturities longer than 90 days) | 13,951 | 14,629 | 38,356 |
| Repayments and other reductions (maturities longer than 90 days) | (47,038) | (38,410) | (53,624) |
| Proceeds from issuance of GE Capital preferred stock | 0 | 0 | 990 |
| Net dispositions (purchases) of GE shares for treasury | (1,099) | (1,218) | (9,278) |
| Dividends paid to shareowners | (9,295) | (8,852) | (7,821) |
| All other financing activities | (1,605) | (652) | (1,388) |
| Cash from (used for) financing activities - continuing operations | (69,547) | (40,912) | (46,813) |
| Cash from (used for) financing activities - discontinued operations | (6,507) | 23,956 | 1,238 |
| Cash from (used for) financing activities | (76,054) | (16,956) | (45,575) |
| Effect of currency exchange rate changes on cash and equivalents | (3,464) | (3,492) | (795) |
| Increase (decrease) in cash and equivalents | (138) | 2,224 | 11,258 |
| Cash and equivalents at beginning of year | 91,017 | 88,792 | 77,533 |
| Cash and equivalents at end of year | 90,879 | 91,017 | 88,792 |
| Less cash and equivalents of discontinued operations at December 31 | 20,395 | 20,991 | 9,617 |
| Cash and equivalents of continuing operations at end of year | 70,483 | 70,025 | 79,173 |
| Cash paid during the year for interest | (9,558) | (9,560) | (8,988) |
| Cash recovered (paid) during the year for income taxes | (2,486) | (2,955) | (2,487) |
| Legal Entity | |||
| GE | |||
| Net earnings (loss) | (6,061) | 15,182 | 13,303 |
| Less net earnings (loss) attributable to noncontrolling interests | 83 | (50) | 245 |
| Net earnings (loss) attributable to the Company | (6,145) | 15,233 | 13,057 |
| (Earnings) loss from discontinued operations, net of taxes | 7,807 | (5,698) | (5,439) |
| Depreciation and amortization of property, plant and equipment | 2,473 | 2,508 | 2,449 |
| Earnings from continuing operations retained by GE Capital(b) | 12,284 [1] | 1,625 | 5,321 |
| Deferred income taxes | (1,800) | (476) | (2,571) |
| Decrease (increase) in GE current receivables | 666 | (473) | (1,432) |
| Decrease (increase) in inventories | (282) | (877) | (1,351) |
| Increase (decrease) in accounts payable | 276 | 884 | 809 |
| Increase (decrease) in GE progress collections | (1,010) | (528) | 1,919 |
| All other operating activities | 2,083 | 2,973 | 1,492 |
| Cash from (used for) operating activities - continuing operations | 16,354 | 15,171 | 14,255 |
| Cash from (used for) operating activities - discontinued operations | (12) | (2) | (2) |
| Cash from (used for) operating activities | 16,342 | 15,169 | 14,253 |
| Additions to property, plant and equipment | (3,785) | (3,970) | (3,680) |
| Dispositions of property, plant and equipment | 939 | 615 | 381 |
| Net decrease (increase) in GE Capital financing receivables | 0 | 0 | 0 |
| Proceeds from sales of discontinued operations | 0 | 0 | 0 |
| Proceeds from principal business dispositions | 1,725 | 602 | 1,316 |
| Proceeds from sale of equity interest in NBCU LLC | 0 | 0 | 16,699 |
| Net cash from (payments for) principal businesses purchased | (10,350) | (2,091) | (8,026) |
| All other investing activities | (1,308) | (1,062) | (1,868) |
| Cash from (used for) investing activities - continuing operations | (12,779) | (5,906) | 4,822 |
| Cash from (used for) investing activities - discontinued operations | 12 | 2 | 2 |
| Cash from (used for) investing activities | (12,767) | (5,905) | 4,823 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 603 | 243 | 949 |
| Newly issued debt (maturities longer than 90 days) | 3,560 | 3,084 | 512 |
| Repayments and other reductions (maturities longer than 90 days) | (2,190) | (323) | (5,032) |
| Proceeds from issuance of GE Capital preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | (1,099) | (1,218) | (9,278) |
| Dividends paid to shareowners | (9,289) | (8,851) | (7,821) |
| All other financing activities | 203 | 346 | (212) |
| Cash from (used for) financing activities - continuing operations | (8,211) | (6,719) | (20,881) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | (8,211) | (6,719) | (20,881) |
| Effect of currency exchange rate changes on cash and equivalents | (908) | (312) | (22) |
| Increase (decrease) in cash and equivalents | (5,544) | 2,234 | (1,827) |
| Cash and equivalents at beginning of year | 10,372 | 13,682 | 15,509 |
| Cash and equivalents at end of year | 10,372 | 13,682 | 15,509 |
| Less cash and equivalents of discontinued operations at December 31 | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 10,372 | 15,916 | 13,682 |
| Cash paid during the year for interest | (1,204) | (1,215) | (1,132) |
| Cash recovered (paid) during the year for income taxes | (1,636) | (1,337) | (4,753) |
| GE Capital | |||
| Net earnings (loss) | (15,202) | 7,397 | 6,256 |
| Less net earnings (loss) attributable to noncontrolling interests | 248 | 162 | 53 |
| Net earnings (loss) attributable to the Company | (15,450) | 7,234 | 6,204 |
| (Earnings) loss from discontinued operations, net of taxes | 7,485 | (5,860) | (5,540) |
| Depreciation and amortization of property, plant and equipment | 2,436 | 2,529 | 2,754 |
| Earnings from continuing operations retained by GE Capital(b) | 0 | 0 | 0 |
| Deferred income taxes | 2,183 | (406) | (969) |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | (14) | 27 | 33 |
| Increase (decrease) in accounts payable | (189) | 258 | 155 |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| All other operating activities | 5,087 | 2,480 | 2,596 |
| Cash from (used for) operating activities - continuing operations | 1,537 | 6,263 | 5,232 |
| Cash from (used for) operating activities - discontinued operations | 8,046 | 11,678 | 14,113 |
| Cash from (used for) operating activities | 9,583 | 17,941 | 19,345 |
| Additions to property, plant and equipment | (4,237) | (3,818) | (3,274) |
| Dispositions of property, plant and equipment | 2,526 | 2,331 | 2,335 |
| Net decrease (increase) in GE Capital financing receivables | 226 | (161) | 3,022 |
| Proceeds from sales of discontinued operations | 79,615 | 232 | 528 |
| Proceeds from principal business dispositions | 532 | 0 | 477 |
| Net cash from (payments for) principal businesses purchased | (1,677) | 0 | 0 |
| All other investing activities | (4,690) | 24,574 | 35,756 |
| Cash from (used for) investing activities - continuing operations | 72,295 | 23,158 | 38,844 |
| Cash from (used for) investing activities - discontinued operations | (2,137) | (24,263) | (15,043) |
| Cash from (used for) investing activities | 70,158 | (1,105) | 23,801 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (24,834) | (7,078) | (13,710) |
| Newly issued debt (maturities longer than 90 days) | 10,391 | 11,545 | 37,852 |
| Repayments and other reductions (maturities longer than 90 days) | (44,848) | (38,087) | (48,592) |
| Proceeds from issuance of GE Capital preferred stock | 0 | 0 | 990 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | (4,620) | (3,322) | (6,283) |
| All other financing activities | (1,362) | (679) | (878) |
| Cash from (used for) financing activities - continuing operations | (65,273) | (37,621) | (30,621) |
| Cash from (used for) financing activities - discontinued operations | (6,507) | 23,956 | 1,239 |
| Cash from (used for) financing activities | (71,780) | (13,665) | (29,382) |
| Effect of currency exchange rate changes on cash and equivalents | (2,556) | (3,180) | (773) |
| Increase (decrease) in cash and equivalents | 5,406 | (9) | 12,991 |
| Cash and equivalents at beginning of year | 80,506 | 75,109 | 62,118 |
| Cash and equivalents at end of year | 80,506 | 75,109 | 62,118 |
| Less cash and equivalents of discontinued operations at December 31 | 20,395 | 20,991 | 9,617 |
| Cash and equivalents of continuing operations at end of year | 60,111 | 54,109 | 65,492 |
| Cash paid during the year for interest | (8,884) | (8,910) | (8,146) |
| Cash recovered (paid) during the year for income taxes | (850) | (1,618) | 2,266 |
| [1] (b) Represents GE Capital earnings /loss from continuing operations attributable to the Company, net of GE Capital dividends paid to GE . | |||
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GENERAL ELECTRIC CO | ||
Ticker: GE Fiscal Year: 2015 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Cash and equivalents | $ 70,483 | 70,025 |
| Investment securities (Note 3) | 31,973 | 35,505 |
| Current receivables (Note 4) | 27,022 | 23,237 |
| Inventories (Note 5) | 22,515 | 17,689 |
| Financing receivables - net (Note 6) | 12,052 | 13,445 |
| Other GE Capital Receivables | 6,782 | 6,261 |
| Property, plant and equipment - net (Note 7) | 54,095 | 48,070 |
| Receivables from GE Capital (debt assumption) | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 65,526 | 53,207 |
| Other intangible assets - net (Note 8) | 16,744 | 13,182 |
| Contract Assets (Note 9) | 21,156 | 16,960 |
| All other assets (Note 9) | 37,471 | 24,836 |
| Deferred income taxes (Note 14) | 3,105 | 6,183 |
| Assets of businesses held for sale (Note 2) | 2,818 | 2,826 |
| Assets of discontinued operations (Note 2) | 120,951 | 323,529 |
| Total assets(a) | 492,692 [1] | 654,954 |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 49,892 | 70,425 |
| Accounts payable, principally trade accounts | 13,680 | 12,067 |
| Progress collections and price adjustments accrued | 15,776 | 12,537 |
| Dividends payable | 2,167 | 2,317 |
| Other GE current liabilities | 23,597 | 14,323 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 3,083 | 4,403 |
| Long-term borrowings (Note 10) | 145,301 | 186,596 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 25,692 | 27,432 |
| Deferred income taxes | 0 | 0 |
| Non-current compensation and benefits | 40,487 | 42,238 |
| All other liabilities (Note 13) | 22,558 | 16,511 |
| Liabilities of businesses held for sale (Note 2) | 861 | 941 |
| Liabilities of discontinued operations (Note 2) | 46,487 | 128,233 |
| Total liabilities(a) | 389,582 | 518,023 |
| Redeemable noncontrolling interest (Note 15) | 2,972 | 98 |
| Preferred stock value (5,944,250 shares outstanding at year-end 2015 and no shares outstanding at year-end 2014) | 6 | 0 |
| GECC preferred stock value (no shares outstanding at year-end 2015 and 50,000 shares outstanding at year-end 2014) | 0 | 0 |
| Common stock (9,379,288,000 and 10,057,380,000 shares outstanding at year-end 2015 and 2014) | 702 | 702 |
| Accumulated other comprehensive income (loss) - attributable to GE(b) | ||
| Investment securities | 460 [2] | 1,013 |
| Currency translation adjustments | (5,499) | (2,428) |
| Cash flow hedges | (80) | (180) |
| Benefit plans | (11,410) | (16,578) |
| Other capital | 37,613 | 32,889 |
| Retained earnings | 140,020 | 155,333 |
| Less common stock held in treasury | (63,539) | (42,593) |
| Total GE shareowners' equity | 98,274 | 128,159 |
| Noncontrolling interests(c) (Note 15) | 1,864 [3] | 8,674 |
| Total equity | 100,138 | 136,833 |
| Total liabilities, redeemable noncontrolling interests and equity | 492,692 | 654,954 |
| Legal Entity | ||
| GE | ||
| Cash and equivalents | 10,372 | 15,916 |
| Investment securities (Note 3) | 151 | 84 |
| Current receivables (Note 4) | 14,707 | 11,513 |
| Inventories (Note 5) | 22,449 | 17,639 |
| Financing receivables - net (Note 6) | 0 | 0 |
| Other GE Capital Receivables | 0 | 0 |
| Property, plant and equipment - net (Note 7) | 20,145 | 17,207 |
| Receivables from GE Capital (debt assumption) | 85,114 | 0 |
| Investment in GE Capital | 46,227 | 82,549 |
| Goodwill (Note 8) | 63,157 | 51,526 |
| Other intangible assets - net (Note 8) | 16,312 | 12,984 |
| Contract Assets (Note 9) | 21,156 | 16,960 |
| All other assets (Note 9) | 13,281 | 7,722 |
| Deferred income taxes (Note 14) | 7,666 | 8,772 |
| Assets of businesses held for sale (Note 2) | 2,818 | 2,805 |
| Assets of discontinued operations (Note 2) | 9 | 9 |
| Total assets(a) | 323,562 | 245,686 |
| Short-term borrowings (Note 10) | 19,799 [4] | 3,872 |
| Accounts payable, principally trade accounts | 19,250 | 16,511 |
| Progress collections and price adjustments accrued | 15,776 | 12,550 |
| Dividends payable | 2,167 | 2,317 |
| Other GE current liabilities | 23,595 | 14,322 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 83,770 | 12,468 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| Deferred income taxes | 0 | 0 |
| Non-current compensation and benefits | 39,472 | 41,494 |
| All other liabilities (Note 13) | 15,573 | 11,429 |
| Liabilities of businesses held for sale (Note 2) | 1,409 | 1,504 |
| Liabilities of discontinued operations (Note 2) | 128 | 137 |
| Total liabilities(a) | 220,938 | 116,604 |
| Redeemable noncontrolling interest (Note 15) | 2,972 | 98 |
| Preferred stock value (5,944,250 shares outstanding at year-end 2015 and no shares outstanding at year-end 2014) | 6 | 0 |
| GECC preferred stock value (no shares outstanding at year-end 2015 and 50,000 shares outstanding at year-end 2014) | 0 | 0 |
| Common stock (9,379,288,000 and 10,057,380,000 shares outstanding at year-end 2015 and 2014) | 702 | 702 |
| Investment securities | 460 | 1,013 |
| Currency translation adjustments | (5,499) | (2,428) |
| Cash flow hedges | (80) | (180) |
| Benefit plans | (11,410) | (16,578) |
| Other capital | 37,613 | 32,889 |
| Retained earnings | 140,020 | 155,333 |
| Less common stock held in treasury | (63,539) | (42,593) |
| Total GE shareowners' equity | 98,274 | 128,159 |
| Noncontrolling interests(c) (Note 15) | 1,378 | 825 |
| Total equity | 99,651 | 128,984 |
| Total liabilities, redeemable noncontrolling interests and equity | 323,562 | 245,686 |
| GE Capital | ||
| Cash and equivalents | 60,111 | 54,109 |
| Investment securities (Note 3) | 31,827 | 35,425 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 66 | 50 |
| Financing receivables - net (Note 6) | 25,003 | 25,647 |
| Other GE Capital Receivables | 15,865 | 13,848 |
| Property, plant and equipment - net (Note 7) | 34,781 | 31,253 |
| Receivables from GE Capital (debt assumption) | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 2,370 | 1,680 |
| Other intangible assets - net (Note 8) | 435 | 202 |
| Contract Assets (Note 9) | 0 | 0 |
| All other assets (Note 9) | 25,287 | 17,445 |
| Deferred income taxes (Note 14) | (4,561) | (2,590) |
| Assets of businesses held for sale (Note 2) | 0 | 0 |
| Assets of discontinued operations (Note 2) | 120,942 | 323,520 |
| Total assets(a) | 312,125 | 500,589 |
| Short-term borrowings (Note 10) | 48,650 | 67,416 |
| Accounts payable, principally trade accounts | 1,745 | 1,905 |
| 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) | 3,083 | 4,403 |
| Long-term borrowings (Note 10) | 129,062 | 174,174 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 26,155 | 27,881 |
| Deferred income taxes | 0 | 0 |
| Non-current compensation and benefits | 1,006 | 734 |
| All other liabilities (Note 13) | 9,351 | 5,583 |
| Liabilities of businesses held for sale (Note 2) | 0 | 0 |
| Liabilities of discontinued operations (Note 2) | 46,359 | 128,096 |
| Total liabilities(a) | 265,411 | 410,191 |
| Redeemable noncontrolling interest (Note 15) | 0 | 0 |
| Preferred stock value (5,944,250 shares outstanding at year-end 2015 and no shares outstanding at year-end 2014) | 6 | 0 |
| GECC preferred stock value (no shares outstanding at year-end 2015 and 50,000 shares outstanding at year-end 2014) | 0 | 0 |
| Common stock (9,379,288,000 and 10,057,380,000 shares outstanding at year-end 2015 and 2014) | 0 | 0 |
| Investment securities | 456 | 1,010 |
| Currency translation adjustments | (898) | (839) |
| Cash flow hedges | (112) | (172) |
| Benefit plans | (540) | (577) |
| Other capital | 12,326 | 32,999 |
| Retained earnings | 34,988 | 55,077 |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareowners' equity | 46,227 | 87,499 |
| Noncontrolling interests(c) (Note 15) | 486 | 2,899 |
| Total equity | 46,713 | 90,398 |
| Total liabilities, redeemable noncontrolling interests and equity | 312,125 | 500,589 |
| [4] On December 2, 2015, senior unsecured notes and commercial paper was assumed by GE upon its merger with GE Capital resulting in an intercompany payable to GE. At December 31, 2015, this amounted to $17,649 million in short-term borrowings and $67,465 million in long-term borrowings. See Note 10 for additional information. | (a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. | ||
| [1] (a) Our consolidated assets at December 31, 2015 included total assets of $ 8,542 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets included current receivables and net financing receivables of $ 4,387 million and investment securities of $ 1,404 million w ithin continuing operations and assets of discontinued operations of $ 1,798 million. Our consolidated liabilities at December 31, 2015 included liabilities of certain VIEs for | ||
| [2] (b) The sum of ac cumulated other comprehensive income (loss) (AOCI) attributable to the Company was $ (16,529) million and $ (18,172) million at December 31, 2015 and 2014 , respectively. | ||
| [3] (c) Included AOCI attributable to noncontrolling interests of $ (264) million and $ (194) million at December 31, 2015 and 2014 , respectively. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2015 | |
| 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 |