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: 2017 | |||
STATEMENT OF EARNINGS (LOSS) | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Revenues and other income | |||
| Sales of goods | $ 75,641 | 75,414 | 74,510 |
| Sales of services | 37,551 | 34,976 | 31,298 |
| Other income (Note 17) | 1,625 | 4,005 | 2,227 |
| GE Capital earnings (loss) from continuing operations | 0 | 0 | 0 |
| GE Capital revenues from services | 7,276 | 9,297 | 9,350 |
| Total revenues and other income | 122,092 | 123,693 | 117,386 |
| Costs and expenses (Note 25) | |||
| Cost of goods sold | 64,328 | 62,440 | 59,905 |
| Cost of services sold | 27,606 | 25,043 | 22,788 |
| Selling, general and administrative expenses | 18,280 | 18,377 | 17,831 |
| Interest and other financial charges | 4,869 | 5,025 | 3,463 |
| Investment contracts, insurance losses and insurance annuity benefits | 12,168 | 2,797 | 2,605 |
| Other costs and expenses | 3,632 | 982 | 2,608 |
| Total costs and expenses | 130,883 | 114,663 | 109,200 |
| Earnings (loss) from continuing operations before income taxes | (8,791) | 9,030 | 8,186 |
| Benefit (provision) for income taxes (Note 13) | 3,043 | 464 | (6,485) |
| Earnings (loss) from continuing operations | (5,748) | 9,494 | 1,700 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (309) | (954) | (7,495) |
| Net earnings (loss) | (6,056) | 8,540 | (5,795) |
| Less net earnings (loss) attributable to noncontrolling interests | (270) | (291) | 332 |
| Net earnings (loss) attributable to the Company | (5,786) | 8,831 | (6,126) |
| Preferred stock dividends | (436) | (656) | (18) |
| Net earnings (loss) attributable to GE common shareowners | (6,222) | 8,176 | (6,145) |
| Amounts attributable to GE common shareowners: | |||
| Earnings (loss) from continuing operations | (5,748) | 9,494 | 1,700 |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | (277) | (290) | 19 |
| Earnings (loss) from continuing operations attributable to the Company | (5,471) | 9,784 | 1,681 |
| Preferred stock dividends | (436) | (656) | (18) |
| Earnings (loss) from continuing operations attributable to GE common shareowners | (5,907) | 9,128 | 1,663 |
| Earnings (loss) from discontinued operations, net of taxes | (309) | (954) | (7,495) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 6 | (1) | 312 |
| Net earnings (loss) attributable to GE common shareowners | (6,222) | 8,176 | (6,145) |
| Per-share amounts (Note 16) | |||
| Earnings (loss) from continuing operations | |||
| Diluted earnings (loss) per share (in dollars per share) | (0.68) | 1.00 | 0.17 |
| Basic earnings (loss) per share (in dollars per share) | (0.68) | 1.01 | 0.17 |
| Net earnings (loss) | |||
| Diluted earnings (loss) per share (in dollars per share) | (0.72) | 0.89 | (0.61) |
| Basic earnings (loss) per share (in dollars per share) | (0.72) | 0.90 | (0.62) |
| Dividends declared per common share (in dollars per share) | 0.84 | 0.93 | 0.92 |
| Legal Entity | |||
| Financial Services (GE Capital) | |||
| Sales of goods | 130 | 115 | 79 |
| Sales of services | 0 | 0 | 0 |
| Other income (Note 17) | 0 | 0 | 0 |
| GE Capital earnings (loss) from continuing operations | 0 | 0 | 0 |
| GE Capital revenues from services | 8,940 | 10,790 | 10,722 |
| Total revenues and other income | 9,070 | 10,905 | 10,801 |
| Cost of goods sold | 102 | 93 | 69 |
| Cost of services sold | 2,196 | 2,238 | 2,273 |
| Selling, general and administrative expenses | 1,676 | 2,947 | 3,512 |
| Interest and other financial charges | 3,145 | 3,790 | 2,301 |
| Investment contracts, insurance losses and insurance annuity benefits | 12,213 | 2,861 | 2,737 |
| Other costs and expenses | 2,371 | 1,013 | 2,647 |
| Total costs and expenses | 21,703 | 12,942 | 13,539 |
| Earnings (loss) from continuing operations before income taxes | (12,633) | (2,037) | (2,739) |
| Benefit (provision) for income taxes (Note 13) | 6,302 | 1,431 | (4,979) |
| Earnings (loss) from continuing operations | (6,331) | (606) | (7,718) |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (312) | (954) | (7,485) |
| Net earnings (loss) | (6,643) | (1,560) | (15,202) |
| Less net earnings (loss) attributable to noncontrolling interests | 4 | (12) | 248 |
| Net earnings (loss) attributable to the Company | (6,647) | (1,548) | (15,450) |
| Preferred stock dividends | (436) | (656) | (330) |
| Net earnings (loss) attributable to GE common shareowners | (7,083) | (2,204) | (15,780) |
| Earnings (loss) from continuing operations | (6,331) | (606) | (7,718) |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | (3) | (10) | (64) |
| Earnings (loss) from continuing operations attributable to the Company | (6,328) | (595) | (7,654) |
| Preferred stock dividends | (436) | (656) | (330) |
| Earnings (loss) from continuing operations attributable to GE common shareowners | (6,765) | (1,251) | (7,983) |
| Earnings (loss) from discontinued operations, net of taxes | (312) | (954) | (7,485) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 6 | (1) | 312 |
| Net earnings (loss) attributable to GE common shareowners | (7,083) | (2,204) | (15,780) |
| Consolidated Entities | |||
| GE | |||
| Sales of goods | 75,718 | 75,580 | 74,565 |
| Sales of services | 37,761 | 35,255 | 31,641 |
| Other income (Note 17) | 1,436 | 4,092 | 2,165 |
| GE Capital earnings (loss) from continuing operations | (6,765) | (1,251) | (7,672) |
| GE Capital revenues from services | 0 | 0 | 0 |
| Total revenues and other income | 108,150 | 113,676 | 100,700 |
| Cost of goods sold | 64,433 | 62,628 | 59,970 |
| Cost of services sold | 25,619 | 23,084 | 20,858 |
| Selling, general and administrative expenses | 17,103 | 16,123 | 14,914 |
| Interest and other financial charges | 2,753 | 2,026 | 1,706 |
| Investment contracts, insurance losses and insurance annuity benefits | 0 | 0 | 0 |
| Other costs and expenses | 1,165 | 0 | 0 |
| Total costs and expenses | 111,072 | 103,860 | 97,447 |
| Earnings (loss) from continuing operations before income taxes | (2,922) | 9,815 | 3,252 |
| Benefit (provision) for income taxes (Note 13) | (3,259) | (967) | (1,506) |
| Earnings (loss) from continuing operations | (6,181) | 8,849 [1] | 1,746 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (315) | (952) | (7,807) |
| Net earnings (loss) | (6,496) | 7,896 | (6,061) |
| Less net earnings (loss) attributable to noncontrolling interests | (274) | (279) | 83 |
| Net earnings (loss) attributable to the Company | (6,222) | 8,176 | (6,145) |
| Preferred stock dividends | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | (6,222) | 8,176 | (6,145) |
| Earnings (loss) from continuing operations | (6,181) | 8,849 [1] | 1,746 |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | (274) | (279) | 83 |
| Earnings (loss) from continuing operations attributable to the Company | (5,907) | 9,128 | 1,663 |
| Preferred stock dividends | 0 | 0 | 0 |
| Earnings (loss) from continuing operations attributable to GE common shareowners | (5,907) | 9,128 | 1,663 |
| Earnings (loss) from discontinued operations, net of taxes | (315) | (952) | (7,807) |
| Less net earnings (loss) attributable to noncontrolling interests, discontinued operations | 0 | 0 | 0 |
| Net earnings (loss) attributable to GE common shareowners | (6,222) | 8,176 | (6,145) |
| [1] Represents the adding together of all affiliated companies except GE Capital, 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: 2017 | |||
CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Net earnings (loss) | $ (6,056) | 8,540 | (5,795) |
| Less net earnings (loss) attributable to noncontrolling interests | (270) | (291) | 332 |
| Net earnings (loss) attributable to the Company | (5,786) | 8,831 | (6,126) |
| Other comprehensive income (loss) | |||
| Investment securities | (775) | 203 | (553) |
| Currency translation adjustments | 2,198 | (1,311) | (3,137) |
| Cash flow hedges | 51 | 93 | 99 |
| Benefit plans | 2,782 | (1,068) | 5,165 |
| Other comprehensive income (loss) | 4,255 | (2,083) | 1,575 |
| Less other comprehensive income (loss) attributable to noncontrolling interests | 53 | (14) | (69) |
| Other comprehensive income (loss) attributable to the Company | 4,202 | (2,069) | 1,644 |
| Comprehensive income (loss) | (1,801) | 6,457 | (4,220) |
| Less comprehensive income (loss) attributable to noncontrolling interests | (217) | (305) | 263 |
| Comprehensive income (loss) attributable to the Company | (1,584) | 6,762 | (4,483) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2017 | |||
STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows operating activities | |||
| Net earnings (loss) | $ (6,056) | 8,540 | (5,795) |
| Less net earnings (loss) attributable to noncontrolling interests | (270) | (291) | 332 |
| Net earnings (loss) attributable to the Company | (5,786) | 8,831 | (6,126) |
| (Earnings) loss from discontinued operations | 309 | 954 | 7,495 |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities: | |||
| Depreciation and amortization of property, plant and equipment | 5,139 | 4,997 | 4,847 |
| (Earnings) loss from continuing operations retained by GE Capital | 0 | 0 | 0 |
| Deferred income taxes | (4,845) | 814 | 383 |
| Decrease (increase) in GE current receivables | 1,551 | 1,514 | (52) |
| Decrease (increase) in inventories | 747 | (1,389) | (314) |
| Increase (decrease) in accounts payable | (335) | 1,198 | (541) |
| Increase (decrease) in GE progress collections | 1,322 | 1,836 | (996) |
| All other operating activities | 13,291 | (12,655) | 7,160 |
| Cash from (used for) operating activities continuing operations | 11,394 | 6,099 | 11,856 |
| Cash from (used for) operating activities discontinued operations | (968) | (6,343) | 8,034 |
| Cash from (used for) operating activities | 10,426 | (244) | 19,891 |
| Cash flows investing activities | |||
| Additions to property, plant and equipment | (7,371) | (7,199) | (7,309) |
| Dispositions of property, plant and equipment | 5,746 | 4,424 | 3,020 |
| Additions to internal-use software | (549) | (749) | (778) |
| Net decrease (increase) in GE Capital financing receivables | 805 | 200 | 1,043 |
| Proceeds from sale of discontinued operations | 1,464 | 59,890 | 79,615 |
| Proceeds from principal business dispositions | 3,228 | 5,357 | 2,283 |
| Net cash from (payments for) principal businesses purchased | (6,087) | (2,271) | (12,027) |
| All other investing activities | 6,704 | 2,960 | (4,235) |
| Cash from (used for) investing activities continuing operations | 3,940 | 62,613 | 61,613 |
| Cash from (used for) investing activities discontinued operations | (1,618) | (13,412) | (2,125) |
| Cash from (used for) investing activities | 2,322 | 49,202 | 59,488 |
| Cash flows financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 1,794 | (1,135) | (24,459) |
| Newly issued debt (maturities longer than 90 days) | 14,876 | 1,492 | 13,951 |
| Repayments and other reductions (maturities longer than 90 days) | (25,622) | (58,768) | (47,038) |
| Net dispositions (purchases) of GE shares for treasury | (2,550) | (21,429) | (1,099) |
| Dividends paid to shareowners | (8,650) | (8,806) | (9,295) |
| All other financing activities | (903) | (1,274) | (1,605) |
| Cash from (used for) financing activities continuing operations | (21,055) | (89,920) | (69,547) |
| Cash from (used for) financing activities discontinued operations | 1,909 | 789 | (6,507) |
| Cash from (used for) financing activities | (19,146) | (89,131) | (76,054) |
| Effect of currency exchange rate changes on cash and equivalents | 891 | (1,146) | (3,464) |
| Increase (decrease) in cash and equivalents | (5,507) | (41,319) | (138) |
| Cash and equivalents at beginning of year | 49,558 | 90,879 | |
| Cash and equivalents at end of year | 44,051 | 49,558 | 90,879 |
| Less cash and equivalents of discontinued operations at end of year | 752 | 1,429 | 20,395 |
| Cash and equivalents of continuing operations at end of year | 43,299 | 48,129 | 70,483 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (5,049) | (5,779) | (8,764) |
| Cash recovered (paid) during the year for income taxes | (2,436) | (7,469) | (2,486) |
| Legal Entity | |||
| GE | |||
| Net earnings (loss) | (6,496) | 7,896 | (6,061) |
| Less net earnings (loss) attributable to noncontrolling interests | (274) | (279) | 83 |
| Net earnings (loss) attributable to the Company | (6,222) | 8,176 | (6,145) |
| (Earnings) loss from discontinued operations | 315 | 952 | 7,807 |
| Depreciation and amortization of property, plant and equipment | 2,857 | 2,597 | 2,473 |
| (Earnings) loss from continuing operations retained by GE Capital | 10,781 | 21,345 | 12,284 |
| Deferred income taxes | 449 | 1,107 | (1,800) |
| Decrease (increase) in GE current receivables | 297 | 929 | 666 |
| Decrease (increase) in inventories | 764 | (1,337) | (282) |
| Increase (decrease) in accounts payable | (370) | 1,716 | 276 |
| Increase (decrease) in GE progress collections | 1,349 | 1,913 | (1,010) |
| All other operating activities | 822 | (7,438) | 2,083 |
| Cash from (used for) operating activities continuing operations | 11,040 | 29,960 | 16,354 |
| Cash from (used for) operating activities discontinued operations | (1) | (90) | (12) |
| Cash from (used for) operating activities | 11,039 | 29,870 | 16,342 |
| Additions to property, plant and equipment | (4,132) | (3,758) | (3,785) |
| Dispositions of property, plant and equipment | 1,401 | 1,080 | 939 |
| Additions to internal-use software | (518) | (740) | (755) |
| Net decrease (increase) in GE Capital financing receivables | 0 | 0 | 0 |
| Proceeds from sale of discontinued operations | 0 | 0 | 0 |
| Proceeds from principal business dispositions | 3,106 | 5,357 | 1,725 |
| Net cash from (payments for) principal businesses purchased | (6,087) | (2,271) | (10,350) |
| All other investing activities | (2,097) | (1,652) | (553) |
| Cash from (used for) investing activities continuing operations | (8,328) | (1,984) | (12,779) |
| Cash from (used for) investing activities discontinued operations | 1 | 90 | 12 |
| Cash from (used for) investing activities | (8,327) | (1,894) | (12,767) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 1,680 | 1,595 | 603 |
| Newly issued debt (maturities longer than 90 days) | 20,264 | 5,307 | 3,560 |
| Repayments and other reductions (maturities longer than 90 days) | (5,981) | (4,156) | (2,190) |
| Net dispositions (purchases) of GE shares for treasury | (2,550) | (21,429) | (1,099) |
| Dividends paid to shareowners | (8,355) | (8,474) | (9,289) |
| All other financing activities | (528) | (273) | 203 |
| Cash from (used for) financing activities continuing operations | 4,530 | (27,430) | (8,211) |
| Cash from (used for) financing activities discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | 4,530 | (27,430) | (8,211) |
| Effect of currency exchange rate changes on cash and equivalents | 444 | (392) | (908) |
| Increase (decrease) in cash and equivalents | 7,686 | 153 | (5,544) |
| Cash and equivalents at beginning of year | 18,211 | 10,372 | 10,372 |
| Cash and equivalents at end of year | 18,211 | 10,372 | 10,372 |
| Less cash and equivalents of discontinued operations at end of year | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 18,211 | 10,525 | 10,372 |
| Cash paid during the year for interest | (2,256) | (1,753) | (1,327) |
| Cash recovered (paid) during the year for income taxes | (2,700) | (2,612) | (1,636) |
| Financial Services (GE Capital) | |||
| Net earnings (loss) | (6,643) | (1,560) | (15,202) |
| Less net earnings (loss) attributable to noncontrolling interests | 4 | (12) | 248 |
| Net earnings (loss) attributable to the Company | (6,647) | (1,548) | (15,450) |
| (Earnings) loss from discontinued operations | 312 | 954 | 7,485 |
| Depreciation and amortization of property, plant and equipment | 2,277 | 2,384 | 2,436 |
| (Earnings) loss from continuing operations retained by GE Capital | 0 | 0 | 0 [1] |
| Deferred income taxes | (5,294) | (293) | 2,183 |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | (2) | (10) | (14) |
| Increase (decrease) in accounts payable | (75) | 17 | (189) |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| All other operating activities | 11,802 | (3,054) | 5,087 |
| Cash from (used for) operating activities continuing operations | 2,374 | (1,552) | 1,537 |
| Cash from (used for) operating activities discontinued operations | (968) | (6,253) | 8,046 |
| Cash from (used for) operating activities | 1,407 | (7,805) | 9,583 |
| Additions to property, plant and equipment | (3,680) | (3,769) | (4,237) |
| Dispositions of property, plant and equipment | 4,579 | 3,637 | 2,526 |
| Additions to internal-use software | (31) | (8) | (23) |
| Net decrease (increase) in GE Capital financing receivables | 2,897 | (1,279) | 226 |
| Proceeds from sale of discontinued operations | 1,464 | 59,890 | 79,615 |
| Proceeds from principal business dispositions | 0 | 0 | 532 |
| Net cash from (payments for) principal businesses purchased | 0 | 0 | (1,677) |
| All other investing activities | 3,052 | 1,647 | (4,667) |
| Cash from (used for) investing activities continuing operations | 8,282 | 60,118 | 72,295 |
| Cash from (used for) investing activities discontinued operations | (1,618) | (13,501) | (2,137) |
| Cash from (used for) investing activities | 6,664 | 46,617 | 70,158 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 69 | (1,655) | (24,834) |
| Newly issued debt (maturities longer than 90 days) | 1,909 | 1,174 | 10,391 |
| Repayments and other reductions (maturities longer than 90 days) | (21,007) | (58,285) | (44,848) |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | (4,311) | (20,427) | (4,620) |
| All other financing activities | (280) | (1,127) | (1,362) |
| Cash from (used for) financing activities continuing operations | (23,619) | (80,320) | (65,273) |
| Cash from (used for) financing activities discontinued operations | 1,909 | 789 | (6,507) |
| Cash from (used for) financing activities | (21,710) | (79,531) | (71,780) |
| Effect of currency exchange rate changes on cash and equivalents | 447 | (754) | (2,556) |
| Increase (decrease) in cash and equivalents | (13,193) | (41,473) | 5,406 |
| Cash and equivalents at beginning of year | 25,840 | 80,506 | 80,506 |
| Cash and equivalents at end of year | 25,840 | 80,506 | 80,506 |
| Less cash and equivalents of discontinued operations at end of year | 752 | 1,429 | 20,395 |
| Cash and equivalents of continuing operations at end of year | 25,088 | 37,604 | 60,111 |
| Cash paid during the year for interest | (2,793) | (4,982) | (8,047) |
| Cash recovered (paid) during the year for income taxes | 264 | (4,857) | (850) |
| [1] 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: 2017 | ||
STATEMENT OF FINANCIAL POSITION | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Cash and equivalents | $ 43,299 | 48,129 |
| Investment securities (Note 3) | 38,696 | 44,313 |
| Current receivables (Note 4) | 24,438 | 24,076 |
| Inventories (Note 5) | 21,923 | 22,354 |
| Financing receivables net (Note 6) | 10,336 | 12,242 |
| Other GE Capital receivables | 6,301 | 5,944 |
| Property, plant and equipment net (Note 7) | 53,874 | 50,518 |
| Receivable from GE Capital (debt assumption)(b) | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 83,968 | 70,438 |
| Other intangible assets net (Note 8) | 20,273 | 16,436 |
| Contract assets (Note 9) | 28,861 | 25,162 |
| All other assets | 29,612 | 27,176 |
| Deferred income taxes (Note 13) | 6,207 | 1,833 |
| Assets of businesses held for sale (Note 2) | 4,243 | 1,745 |
| Assets of discontinued operations (Note 2) | 5,912 | 14,815 |
| Total assets | 377,945 | 365,183 |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 24,036 | 30,714 |
| Accounts payable, principally trade accounts | 15,153 | 14,435 |
| Progress collections and price adjustments accrued | 18,462 | 16,760 |
| Dividends payable | 1,052 | 2,107 |
| Other GE current liabilities | 18,697 | 17,564 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 1,980 | 417 |
| Long-term borrowings (Note 10) | 108,575 | 105,080 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 38,136 | 26,086 |
| Non-current compensation and benefits | 41,630 | 43,780 |
| All other liabilities | 22,795 | 22,912 |
| Liabilities of businesses held for sale (Note 2) | 1,339 | 656 |
| Liabilities of discontinued operations (Note 2) | 706 | 4,158 |
| Total liabilities | 292,561 [1] | 284,668 |
| Redeemable noncontrolling interests (Note 14) | 3,399 | 3,025 |
| Preferred stock (5,939,874 and 5,944,250 and shares outstanding at December 31, 2017 and December 31, 2016, respectively) | 6 | 6 |
| Common stock (8,680,571,000 and 8,742,614,000 shares outstanding at December 31, 2017 and December 31, 2016, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) net attributable to GE | ||
| Investment securities | (102) | 674 |
| Currency translation adjustments | (4,653) | (6,816) |
| Cash flow hedges | 62 | 12 |
| Benefit plans | (9,702) [2] | (12,469) |
| Other capital | 37,171 | 37,224 |
| Retained earnings | 125,682 | 139,532 |
| Less common stock held in treasury | (84,902) | (83,038) |
| Total GE shareowners equity | 64,263 | 75,828 |
| Noncontrolling interests (Note 14) | 17,723 | 1,663 [3] |
| Total equity (Note 14) | 81,986 | 77,491 |
| Total liabilities, redeemable noncontrolling interests and equity | 377,945 | 365,183 |
| Legal Entity | ||
| Financial Services (GE Capital) | ||
| Cash and equivalents | 25,088 | 37,604 |
| Investment securities (Note 3) | 38,231 | 44,180 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 75 | 91 |
| Financing receivables net (Note 6) | 21,967 | 26,041 |
| Other GE Capital receivables | 16,945 | 15,576 |
| Property, plant and equipment net (Note 7) | 30,595 | 32,225 |
| Receivable from GE Capital (debt assumption)(b) | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 984 | 2,368 |
| Other intangible assets net (Note 8) | 259 | 305 |
| Contract assets (Note 9) | 0 | 0 |
| All other assets | 15,662 | 14,608 |
| Deferred income taxes (Note 13) | 999 | |
| Deferred income taxes (Note 13) | (4,833) | |
| Assets of businesses held for sale (Note 2) | 0 | 0 |
| Assets of discontinued operations (Note 2) | 5,912 | 14,806 |
| Total assets | 156,716 | 182,970 |
| Short-term borrowings (Note 10) | 19,602 | 23,443 |
| Accounts payable, principally trade accounts | 1,853 | 1,605 |
| 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) | 1,980 | 417 |
| Long-term borrowings (Note 10) | 73,614 | 93,443 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 38,587 | 26,546 |
| Non-current compensation and benefits | 801 | 1,001 |
| All other liabilities | 5,886 | 7,430 |
| Liabilities of businesses held for sale (Note 2) | 0 | 0 |
| Liabilities of discontinued operations (Note 2) | 683 | 4,123 |
| Total liabilities | 143,007 | 158,008 |
| Redeemable noncontrolling interests (Note 14) | 0 | 0 |
| Preferred stock (5,939,874 and 5,944,250 and shares outstanding at December 31, 2017 and December 31, 2016, respectively) | 6 | 6 |
| Common stock (8,680,571,000 and 8,742,614,000 shares outstanding at December 31, 2017 and December 31, 2016, respectively) | 0 | 0 |
| Investment securities | (99) | 656 |
| Currency translation adjustments | (225) | (740) |
| Cash flow hedges | 54 | 43 |
| Benefit plans | (524) | (622) |
| Other capital | 12,806 | 12,669 |
| Retained earnings | 1,476 | 12,664 |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareowners equity | 13,493 | 24,677 |
| Noncontrolling interests (Note 14) | 217 | 285 |
| Total equity (Note 14) | 13,709 | 24,962 |
| Total liabilities, redeemable noncontrolling interests and equity | 156,716 | 182,970 |
| Consolidated Entities | ||
| GE | ||
| Cash and equivalents | 18,211 | 10,525 |
| Investment securities (Note 3) | 569 | 137 |
| Current receivables (Note 4) | 14,867 | 12,715 |
| Inventories (Note 5) | 21,848 | 22,263 |
| Financing receivables net (Note 6) | 0 | 0 |
| Other GE Capital receivables | 0 | 0 |
| Property, plant and equipment net (Note 7) | 23,963 | 19,103 |
| Receivable from GE Capital (debt assumption)(b) | 39,844 | 58,780 |
| Investment in GE Capital | 13,493 | 24,677 |
| Goodwill (Note 8) | 82,985 | 68,070 |
| Other intangible assets net (Note 8) | 20,014 | 16,131 |
| Contract assets (Note 9) | 28,861 | 25,162 |
| All other assets | 14,035 | 12,007 |
| Deferred income taxes (Note 13) | 5,204 | 6,666 |
| Assets of businesses held for sale (Note 2) | 3,877 | 1,629 |
| Assets of discontinued operations (Note 2) | 0 | 9 |
| Total assets | 287,770 | 277,874 |
| Short-term borrowings (Note 10) | 14,548 | 20,482 |
| Accounts payable, principally trade accounts | 21,634 | 20,876 |
| Progress collections and price adjustments accrued | 18,566 | 16,838 |
| Dividends payable | 1,052 | 2,107 |
| Other GE current liabilities | 18,697 | 17,564 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 67,040 [4] | 58,810 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| Non-current compensation and benefits | 40,820 | 42,770 |
| All other liabilities | 18,884 | 17,506 |
| Liabilities of businesses held for sale (Note 2) | 1,339 | 656 |
| Liabilities of discontinued operations (Note 2) | 23 | 35 |
| Total liabilities | 202,602 | 197,644 |
| Redeemable noncontrolling interests (Note 14) | 3,399 | 3,025 |
| Preferred stock (5,939,874 and 5,944,250 and shares outstanding at December 31, 2017 and December 31, 2016, respectively) | 6 | 6 |
| Common stock (8,680,571,000 and 8,742,614,000 shares outstanding at December 31, 2017 and December 31, 2016, respectively) | 702 | 702 |
| Investment securities | (102) | 674 |
| Currency translation adjustments | (4,653) | (6,816) |
| Cash flow hedges | 62 | 12 |
| Benefit plans | (9,702) | (12,469) |
| Other capital | 37,171 | 37,224 |
| Retained earnings | 125,682 | 139,532 |
| Less common stock held in treasury | (84,902) | (83,038) |
| Total GE shareowners equity | 64,263 | 75,828 |
| Noncontrolling interests (Note 14) | 17,506 | 1,378 |
| Total equity (Note 14) | 81,769 | 77,205 |
| Total liabilities, redeemable noncontrolling interests and equity | 287,770 [5] | 277,874 |
| [3] Included AOCI attributable to noncontrolling interests of $(226) million and $(278) million at December 31, 2017 and December 31, 2016, respectively. | ||
| [4] In 2015, senior unsecured notes and commercial paper were assumed by GE upon its merger with GE Capital, resulting in an intercompany receivable and payable between GE and GE Capital. See Note 10 for further information. | ||
| [5] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1. | ||
| [1] Our consolidated assets at December 31, 2017 included total assets of $6,200 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 $1,720 million and investment securities of $918 million within continuing operations and assets of discontinued operations of $300 million. Our consolidated liabilities at December 31, 2017 included liabilities of certain VIEs for which the VI | ||
| [2] The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(14,396) million and $(18,598) million at December 31, 2017 and December 31, 2016, respectively. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2017 | |
| 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 |