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: 2010 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2010 | Dec 31, 2009 | |
| Assets | ||
| Cash and equivalents | $ 78,958 | 70,488 |
| Investment securities (Note 3) | 43,938 | 51,343 |
| Current receivables (Note 4) | 18,621 | 16,458 |
| Inventories (Note 5) | 11,526 | 11,987 |
| Financing receivables - net (Notes 6 and 23) | 310,055 | 319,247 |
| Other GECS receivables | 8,951 | 14,056 |
| Property, plant and equipment - net (Note 7) | 66,214 | 68,970 |
| Investment in GECS | ||
| Goodwill(Note 8) | 64,473 | 65,076 |
| Other intangible assets - net (Note 8) | 9,973 | 11,751 |
| All other assets (Note 9) | 96,342 | 103,286 |
| Assets of businesses held for sale (Note 2) | 36,887 | 34,111 |
| Assets of discontinued operations (Note 2) | 5,278 | 15,128 |
| Total assets | 751,216 | 781,901 [1] |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 117,959 | 129,869 |
| Accounts payable, principally trade accounts | 14,657 | 19,527 |
| Progress collections and price adjustments accrued | 11,142 | 12,192 |
| Dividends payable | 1,563 | 1,141 |
| Other GE current liabilities | 11,396 | 13,386 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 30,060 | 3,883 |
| Bank deposits (Note 10) | 37,298 | 33,519 |
| Long-term borrowings (Note 10) | 293,323 | 336,172 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 29,582 | 31,641 |
| All other liabilities (Note 13) | 58,844 | 58,776 |
| Deferred income taxes (Note 14) | 2,840 | 2,081 |
| Liabilities of businesses held for sale (Note 2) | 16,047 | 6,092 |
| Liabilities of discontinued operations (Note 2) | 2,307 | 8,486 |
| Total liabilities | 627,018 | 656,765 |
| Preferred stock (30,000 shares outstanding at both year-end 2010 and 2009) | ||
| Common stock (10,615,376,000 and 10,663,075,000 shares outstanding at year-end 2010 and 2009, respectively) | 702 | 702 |
| Accumulated other comprehensive income - net (b) | ||
| Investment securities | (636) | (435) [2] |
| Currency translation adjustments | (86) | 3,836 |
| Cash flow hedges | (1,280) | (1,734) |
| Benefit plans | (15,853) | (16,932) |
| Other capital | 36,890 | 37,729 |
| Retained earnings | 131,137 | 126,363 |
| Less common stock held in treasury | (31,938) | (32,238) |
| Total GE shareowners' equity | 118,936 | 117,291 |
| Noncontrolling interests | 5,262 | 7,845 [3] |
| Total equity (Notes 15 and 16) | 124,198 | 125,136 |
| Total liabilities and equity | 751,216 | 781,901 |
| Statements by entity | ||
| Financial Services (GECS) | ||
| Cash and equivalents | 60,272 | 62,584 |
| Investment securities (Note 3) | 43,921 | 51,315 |
| Current receivables (Note 4) | ||
| Inventories (Note 5) | 66 | 71 |
| Financing receivables - net (Notes 6 and 23) | 319,277 | 326,941 [4] |
| Other GECS receivables | 14,299 | 18,631 |
| Property, plant and equipment - net (Note 7) | 53,770 | 56,475 |
| Investment in GECS | ||
| Goodwill(Note 8) | 27,593 | 28,463 |
| Other intangible assets - net (Note 8) | 1,885 | 3,301 |
| All other assets (Note 9) | 79,240 | 87,340 |
| Assets of businesses held for sale (Note 2) | 3,127 | 125 |
| Assets of discontinued operations (Note 2) | 5,228 | 15,078 |
| Total assets | 608,678 | 650,324 |
| Short-term borrowings (Note 10) | 118,797 | 130,754 |
| Accounts payable, principally trade accounts | 7,036 | 13,099 |
| Progress collections and price adjustments accrued | ||
| Dividends payable | ||
| Other GE current liabilities | ||
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 30,060 | 3,883 |
| Bank deposits (Note 10) | 37,298 | 33,519 |
| Long-term borrowings (Note 10) | 284,407 | 325,429 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 29,993 | 32,009 |
| All other liabilities (Note 13) | 21,127 | 23,671 |
| Deferred income taxes (Note 14) | 7,077 | 6,701 |
| Liabilities of businesses held for sale (Note 2) | 592 | 55 |
| Liabilities of discontinued operations (Note 2) | 2,143 | 8,323 |
| Total liabilities | 538,530 | 577,443 |
| Preferred stock (30,000 shares outstanding at both year-end 2010 and 2009) | ||
| Common stock (10,615,376,000 and 10,663,075,000 shares outstanding at year-end 2010 and 2009, respectively) | 1 | 1 |
| Investment securities | (639) | (436) |
| Currency translation adjustments | (1,411) | 1,372 |
| Cash flow hedges | (1,281) | (1,769) |
| Benefit plans | (380) | (434) |
| Other capital | 27,626 | 27,591 |
| Retained earnings | 45,068 | 44,508 |
| Less common stock held in treasury | ||
| Total GE shareowners' equity | 68,984 | 70,833 |
| Noncontrolling interests | 1,164 | 2,048 |
| Total equity (Notes 15 and 16) | 70,148 | 72,881 |
| Total liabilities and equity | 608,678 | 650,324 |
| GE | ||
| Cash and equivalents | 19,241 | 8,654 |
| Investment securities (Note 3) | 19 | 30 |
| Current receivables (Note 4) | 10,383 | 9,818 |
| Inventories (Note 5) | 11,460 | 11,916 |
| Financing receivables - net (Notes 6 and 23) | ||
| Other GECS receivables | ||
| Property, plant and equipment - net (Note 7) | 12,444 | 12,495 |
| Investment in GECS | 68,984 | 70,833 |
| Goodwill(Note 8) | 36,880 | 36,613 |
| Other intangible assets - net (Note 8) | 8,088 | 8,450 |
| All other assets (Note 9) | 17,454 | 17,097 |
| Assets of businesses held for sale (Note 2) | 33,760 | 33,986 |
| Assets of discontinued operations (Note 2) | 50 | 50 |
| Total assets | 218,763 | 209,942 |
| Short-term borrowings (Note 10) | 456 | 504 |
| Accounts payable, principally trade accounts | 11,620 | 10,373 |
| Progress collections and price adjustments accrued | 11,841 | 12,957 [5] |
| Dividends payable | 1,563 | 1,141 |
| Other GE current liabilities | 11,396 | 13,386 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | ||
| Bank deposits (Note 10) | ||
| Long-term borrowings (Note 10) | 9,656 | 11,681 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | ||
| All other liabilities (Note 13) | 37,815 | 35,232 |
| Deferred income taxes (Note 14) | (4,237) | (4,620) |
| Liabilities of businesses held for sale (Note 2) | 15,455 | 6,037 |
| Liabilities of discontinued operations (Note 2) | 164 | 163 |
| Total liabilities | 95,729 | 86,854 |
| Preferred stock (30,000 shares outstanding at both year-end 2010 and 2009) | ||
| Common stock (10,615,376,000 and 10,663,075,000 shares outstanding at year-end 2010 and 2009, respectively) | 702 | 702 |
| Investment securities | (636) | (435) |
| Currency translation adjustments | (86) | 3,836 |
| Cash flow hedges | (1,280) | (1,734) |
| Benefit plans | (15,853) | (16,932) |
| Other capital | 36,890 | 37,729 |
| Retained earnings | 131,137 | 126,363 |
| Less common stock held in treasury | (31,938) | (32,238) |
| Total GE shareowners' equity | 118,936 | 117,291 |
| Noncontrolling interests | 4,098 | 5,797 |
| Total equity (Notes 15 and 16) | 123,034 | 123,088 |
| Total liabilities and equity | 218,763 | 209,942 |
| [5] Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services), which is presented on a one-line basis. See Note 1. | ||
| [1] Our consolidated assets at December 31, 2010 include total assets of $49,295 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets include net financing receivables of $38,612 million and investment securities of $6,669 million. Our consolidated liabilities at December 31, 2010 include liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities include non-recourse borrowings of consolidated | ||
| [2] The sum of accumulated other comprehensive income - net was $(17,855) million and $(15,265) million at December 31, 2010 and 2009, respectively. | ||
| [3] Included accumulated other comprehensive income - net attributable to noncontrolling interests of $(153) million and $(188) million at December 31, 2010 and 2009, respectively. | ||
| [4] Financing receivables at December 31, 2010 and December 31, 2009 included $1,503 million and $2,635 million, respectively, relating to loans that had been acquired in a transfer but have been subject to credit deterioration since origination per ASC 310, Receivables. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2010 | |
| 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 |