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: 2022 | |||
STATEMENT OF EARNINGS (LOSS) | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues | |||
| Insurance revenues (Note 12) | $ 2,954 | 3,106 | 2,865 |
| Total revenues | 76,555 | 74,196 | 75,833 |
| Costs and expenses | |||
| Selling, general and administrative expenses | 12,781 | 11,716 | 12,628 |
| Separation costs (Note 20) | 973 | 0 | 0 |
| Research and development | 2,813 | 2,497 | 2,565 |
| Interest and other financial charges | 1,607 | 1,876 | 2,068 |
| Debt extinguishment costs (Note 10) | 465 | 6,524 | 301 |
| Insurance losses, annuity benefits and other costs (Note 12) | 2,734 | 2,410 | 2,519 |
| Goodwill impairments (Note 7) | 0 | 0 | 877 |
| Non-operating benefit cost (income) | (532) | 1,782 | 2,430 |
| Total costs and expenses | 76,375 | 80,702 | 81,259 |
| Other income (loss) (Note 19) | 1,231 | 2,823 | 11,396 |
| Earnings (loss) from continuing operations before income taxes | 1,412 | (3,683) | 5,970 |
| Provision (benefit) for income taxes (Note 15) | (476) | 286 | 487 |
| Earnings (loss) from continuing operations | 936 | (3,396) | 6,457 |
| Earnings (loss) from discontinued operations, net of taxes (Note 2) | (644) | (3,195) | (911) |
| Net earnings (loss) | 292 | (6,591) | 5,546 |
| Less net earnings (loss) attributable to noncontrolling interests | 67 | (71) | (158) |
| Net earnings (loss) attributable to the Company | 225 | (6,520) | 5,704 |
| Preferred stock dividends | (289) | (237) | (474) |
| Net earnings (loss) attributable to GE common shareholders | (64) | (6,757) | 5,230 |
| Amounts attributable to GE common shareholders | |||
| Earnings (loss) from continuing operations | 936 | (3,396) | 6,457 |
| Less net earnings (loss) attributable to noncontrolling interests, continuing operations | 67 | (71) | (158) |
| Earnings (loss) from continuing operations attributable to the Company | 869 | (3,325) | 6,615 |
| Preferred stock dividends | (289) | (237) | (474) |
| Earnings (loss) from continuing operations attributable to GE common shareholders | 581 | (3,562) | 6,141 |
| Earnings (loss) from discontinued operations attributable to GE common shareholders | (644) | (3,195) | (911) |
| Net earnings (loss) attributable to GE common shareholders | (64) | (6,757) | 5,230 |
| Earnings (loss) per share from continuing operations (Note 18) | |||
| Diluted earnings (loss) per share (in dollars per share) | 0.53 | (3.25) | 5.46 |
| Basic earnings (loss) per share (in dollars per share) | 0.53 | (3.25) | 5.46 |
| Net earnings (loss) per share (Note 18) | |||
| Diluted earnings (loss) per share (in dollars per share) | (0.05) | (6.16) | 4.63 |
| Basic earnings (loss) per share (in dollars per share) | (0.06) | (6.16) | 4.63 |
| Product and Service | |||
| Equipment | |||
| Sales | 31,976 | 34,200 | 37,584 |
| Cost of sales | 30,426 | 31,399 | 35,242 |
| Services | |||
| Sales | 41,626 | 36,890 | 35,385 |
| Cost of sales | 25,109 | 22,497 | 22,629 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2022 | |||
STATEMENT OF COMPREHENSIVE INCOME (LOSS) | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Net earnings (loss) | $ 292 | (6,591) | 5,546 |
| Less: net earnings (loss) attributable to noncontrolling interests | 67 | (71) | (158) |
| Net earnings (loss) attributable to the Company | 225 | (6,520) | 5,704 |
| Other comprehensive income (loss) | |||
| Currency translation adjustments | (1,355) | (174) | 435 |
| Benefit plans | 2,889 | 9,044 | 1,632 |
| Investment securities and cash flow hedges | (4,425) | 2,466 | (78) |
| Less: other comprehensive income (loss) attributable to noncontrolling interests | 1 | 5 | 6 |
| Other comprehensive income (loss) attributable to the Company | (2,893) | 11,330 | 1,984 |
| Comprehensive income (loss) | (2,600) | 4,745 | 7,536 |
| Less: comprehensive income (loss) attributable to noncontrolling interests | 68 | (66) | (152) |
| Comprehensive income (loss) attributable to the Company | (2,668) | 4,810 | 7,688 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2022 | |||
STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows operating activities | |||
| Net earnings (loss) | $ 292 | (6,591) | 5,546 |
| (Earnings) loss from discontinued operations activities | 644 | 3,195 | 911 |
| Adjustments to reconcile net earnings (loss) to cash from (used for) operating activities | |||
| Depreciation and amortization of property, plant and equipment | 1,802 | 1,871 | 2,128 |
| Amortization of intangible assets (Note 7) | 1,742 | 1,138 | 1,336 |
| Goodwill impairments (Note 7) | 0 | 0 | 877 |
| (Gains) losses on purchases and sales of business interests (Note 19) | (66) | 40 | (12,469) |
| (Gains) losses on equity securities (Note 19) | 144 | (1,656) | 2,085 |
| Debt extinguishment costs | 465 | 6,524 | 301 |
| Principal pension plans cost (Note 13) | 575 | 2,650 | 3,559 |
| Principal pension plans employer contributions (Note 13) | (325) | (326) | (2,806) |
| Other postretirement benefit plans (net) (Note 13) | (1,160) | (1,144) | (893) |
| Provision (benefit) for income taxes (Note 15) | 476 | (286) | (487) |
| Cash recovered (paid) during the year for income taxes | (1,127) | (1,165) | (1,441) |
| Changes in operating working capital: | |||
| Decrease (increase) in current receivables | (3,011) | (177) | (1,319) |
| Decrease (increase) in inventories, including deferred inventory costs | (2,341) | (702) | 1,105 |
| Decrease (increase) in current contract assets | 1,463 | 1,031 | 1,631 |
| Increase (decrease) in accounts payable and equipment project payables | 2,793 | (2) | (582) |
| Increase (decrease) in progress collections and current deferred income | 2,492 | (1,052) | (247) |
| Financial services derivatives net collateral/settlement | (154) | (1,143) | 1,897 |
| All other operating activities | 1,160 | (1,317) | (109) |
| Cash from (used for) operating activities continuing operations | 5,864 | 888 | 1,025 |
| Cash from (used for) operating activities discontinued operations | 52 | 2,444 | 2,543 |
| Cash from (used for) operating activities | 5,916 | 3,332 | 3,568 |
| Cash flows investing activities | |||
| Additions to property, plant and equipment | (1,371) | (1,250) | (1,579) |
| Dispositions of property, plant and equipment | 209 | 167 | 203 |
| Additions to internal-use software | (113) | (111) | (151) |
| Proceeds from sale of discontinued operations | 0 | 22,356 | 0 |
| Proceeds from principal business dispositions | 15 | 1 | 20,562 |
| Net cash from (payments for) principal businesses purchased | (30) | (1,550) | (85) |
| Sales of retained ownership interests | 4,717 | 4,145 | 417 |
| Net (purchases) dispositions of insurance investment securities | (876) | (1,290) | (1,352) |
| All other investing activities | (726) | 1,237 | 1,280 |
| Cash from (used for) investing activities continuing operations | 1,825 | 23,705 | 19,297 |
| Cash from (used for) investing activities discontinued operations | 444 | (2,397) | (2,626) |
| Cash from (used for) investing activities | 2,270 | 21,308 | 16,671 |
| Cash flows financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 65 | (710) | (4,168) |
| Newly issued debt (maturities longer than 90 days) | 8,205 | 364 | 15,028 |
| Repayments and other debt reductions (maturities longer than 90 days) | (11,205) | (36,521) | (29,632) |
| Dividends paid to shareholders | (639) | (575) | (648) |
| Cash received (paid) for debt extinguishment costs | 338 | (7,196) | (335) |
| Purchases of GE common stock for treasury | (1,048) | (107) | (28) |
| All other financing activities | (1,302) | (551) | 23 |
| Cash from (used for) financing activities continuing operations | (5,585) | (45,296) | (19,762) |
| Cash from (used for) financing activities discontinued operations | 0 | 119 | (90) |
| Cash from (used for) financing activities | (5,585) | (45,177) | (19,852) |
| Effect of currency exchange rate changes on cash, cash equivalents and restricted cash | (369) | (213) | 145 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 2,232 | (20,750) | 531 |
| Cash, cash equivalents and restricted cash at beginning of year | 16,859 | 37,608 | |
| Cash, cash equivalents and restricted cash at December 31 | 19,092 | 16,859 | 37,608 |
| Less cash, cash equivalents and restricted cash of discontinued operations at December 31 | 1,176 | 736 | 623 |
| Cash, cash equivalents and restricted cash of continuing operations at December 31 | 17,916 | 16,123 | 36,985 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (1,561) | (2,536) | (2,976) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
GENERAL ELECTRIC CO | ||
Ticker: GE Fiscal Year: 2022 | ||
STATEMENT OF FINANCIAL POSITION | ||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Cash, cash equivalents and restricted cash | $ 17,262 | 15,770 |
| Investment securities (Note 3) | 7,609 | 12,297 |
| Current receivables (Note 4) | 17,976 | 15,620 |
| Inventories, including deferred inventory costs (Note 5) | 17,403 | 15,847 |
| Current contract assets (Note 8) | 3,088 | 4,881 |
| All other current assets (Note 9) | 1,521 | 1,933 |
| Assets of businesses held for sale (Note 2) | 1,374 | 0 |
| Current assets | 66,234 | 66,348 |
| Investment securities (Note 3) | 36,048 | 42,209 |
| Property, plant and equipment net (Note 6) | 14,478 | 15,609 |
| Goodwill (Note 7) | 25,798 | 26,182 |
| Other intangible assets net (Note 7) | 7,625 | 9,330 |
| Contract and other deferred assets (Note 8) | 6,010 | 6,124 |
| All other assets (Note 9) | 16,998 | 19,040 |
| Deferred income taxes (Note 15) | 11,705 | 10,855 |
| Assets of discontinued operations (Note 2) | 2,892 | 3,177 |
| Total assets | 187,788 | 198,874 |
| Short-term borrowings (Note 10) | 3,757 | 4,361 |
| Accounts payable and equipment project payables (Note 11) | 18,644 | 16,243 |
| Progress collections and deferred income | 18,118 | 17,372 |
| All other current liabilities (Note 14) | 14,485 | 13,977 |
| Liabilities of businesses held for sale (Note 2) | 1,944 | 0 |
| Current liabilities | 56,947 | 51,953 |
| Deferred income | 2,006 | 1,989 |
| Long-term borrowings (Note 10) | 28,593 | 30,824 |
| Insurance liabilities and annuity benefits (Note 12) | 33,347 | 37,166 |
| Non-current compensation and benefits | 16,021 | 21,202 |
| All other liabilities (Note 14) | 12,154 | 13,240 |
| Liabilities of discontinued operations (Note 2) | 1,137 | 887 |
| Total liabilities | 150,206 | 157,262 |
| Preferred stock (Note 16) | 6 | 6 |
| Common stock (Note 16) | 15 | 15 |
| Accumulated other comprehensive income (loss) net attributable to GE | (1,311) | 1,582 |
| Other capital | 34,173 | 34,691 |
| Retained earnings | 84,693 | 85,110 |
| Less common stock held in treasury | (81,209) | (81,093) |
| Total GE shareholders equity | 36,366 | 40,310 |
| Noncontrolling interests (Note 16) | 1,216 | 1,302 |
| Total equity | 37,582 | 41,612 |
| Total liabilities and equity | 187,788 | 198,874 |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2022 | |
| 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 |