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: 2011 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2011 | Dec 31, 2010 | |
| Assets | ||
| Cash and equivalents | $ 84,501 | 78,943 |
| Investment securities (Note 3) | 47,374 | 43,938 |
| Current receivables (Note 4) | 19,531 | 18,621 |
| Inventories (Note 5) | 13,792 | 11,526 |
| Financing receivables - net (Notes 6 and 23) | 280,378 | 303,012 |
| Other GECS receivables | 7,561 | 7,571 |
| Property, plant and equipment - net (Note 7) | 65,739 | 66,212 |
| Investment in GECS | 0 | 0 |
| Goodwill (Note 8) | 72,625 | 64,388 |
| Other intangible assets - net (Note 8) | 12,068 | 9,971 |
| All other assets (Note 9) | 111,707 | 94,299 |
| Assets of businesses held for sale (Note 2) | 711 | 36,887 |
| Assets of discontinued operations (Note 2) | 1,255 | 12,425 |
| Total assets(a) | 717,242 [1] | 747,793 |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 137,611 | 117,959 |
| Accounts payable, principally trade accounts | 16,400 | 14,656 |
| Progress collections and price adjustments accrued | 10,402 | 11,142 |
| Dividends payable | 1,797 | 1,563 |
| Other GE current liabilities | 14,796 | 11,396 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 29,258 | 30,018 |
| Bank deposits (Note 10) | 43,115 | 37,298 |
| Long-term borrowings (Note 10) | 243,459 | 293,323 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 29,774 | 29,582 |
| All other liabilities (Note 13) | 70,647 | 55,271 |
| Deferred income taxes (Note 14) | (131) | 2,753 |
| Liabilities of businesses held for sale (Note 2) | 345 | 16,047 |
| Liabilities of discontinued operations (Note 2) | 1,635 | 2,587 |
| Total liabilities(a) | 599,108 | 623,595 |
| Preferred stock (0 and 30,000 shares outstanding at year-end 2011 and 2010, respectively) | 0 | 0 |
| Common stock (10,573,017,000 and 10,615,376,000 shares outstanding at year-end 2011 and 2010, respectively) | 702 | 702 |
| Accumulated other comprehensive income - net(b) | ||
| Investment securities | (30) | (636) |
| Currency translation adjustments | 133 | (86) |
| Cash flow hedges | (1,176) | (1,280) [2] |
| Benefit plans | (22,901) | (15,853) |
| Other capital | 33,693 | 36,890 |
| Retained earnings | 137,786 | 131,137 |
| Less common stock held in treasury | (31,769) | (31,938) |
| Total GE shareowners' equity | 116,438 | 118,936 |
| Noncontrolling interests(c) | 1,696 [3] | 5,262 |
| Total equity (Notes 15 and 16) | 118,134 | 124,198 |
| Total liabilities and equity | 717,242 | 747,793 |
| Legal Entity | ||
| Subsidiaries | ||
| Cash and equivalents | 8,382 | 19,241 |
| Investment securities (Note 3) | 18 | 19 |
| Current receivables (Note 4) | 11,807 | 10,383 |
| Inventories (Note 5) | 13,741 | 11,460 |
| Financing receivables - net (Notes 6 and 23) | 0 | 0 |
| Other GECS receivables | 0 | 0 |
| Property, plant and equipment - net (Note 7) | 14,283 | 12,444 |
| Investment in GECS | 77,110 | 68,984 |
| Goodwill (Note 8) | 45,395 | 36,880 |
| Other intangible assets - net (Note 8) | 10,522 | 8,088 |
| All other assets (Note 9) | 36,675 | 17,454 |
| Assets of businesses held for sale (Note 2) | 0 | 33,760 |
| Assets of discontinued operations (Note 2) | 52 | 50 |
| Total assets(a) | 217,985 | 218,763 |
| Short-term borrowings (Note 10) | 2,184 | 456 |
| Accounts payable, principally trade accounts | 14,209 | 11,620 |
| Progress collections and price adjustments accrued | 11,349 | 11,841 |
| Dividends payable | 1,797 | 1,563 |
| Other GE current liabilities | 14,796 | 11,396 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 0 | 0 |
| Bank deposits (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 9,405 | 9,656 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| All other liabilities (Note 13) | 53,826 | 37,815 |
| Deferred income taxes (Note 14) | (7,183) | (4,237) |
| Liabilities of businesses held for sale (Note 2) | 0 | 15,455 |
| Liabilities of discontinued operations (Note 2) | 158 | 164 |
| Total liabilities(a) | 100,541 | 95,729 |
| Preferred stock (0 and 30,000 shares outstanding at year-end 2011 and 2010, respectively) | 0 | 0 |
| Common stock (10,573,017,000 and 10,615,376,000 shares outstanding at year-end 2011 and 2010, respectively) | 702 | 702 |
| Investment securities | (30) | (636) |
| Currency translation adjustments | 133 | (86) |
| Cash flow hedges | (1,176) | (1,280) |
| Benefit plans | (22,901) | (15,853) |
| Other capital | 33,693 | 36,890 |
| Retained earnings | 137,786 | 131,137 |
| Less common stock held in treasury | (31,769) | (31,938) |
| Total GE shareowners' equity | 116,438 | 118,936 |
| Noncontrolling interests(c) | 1,006 | 4,098 |
| Total equity (Notes 15 and 16) | 117,444 | 123,034 |
| Total liabilities and equity | 217,985 | 218,763 |
| Subsidiaries GECS | ||
| Cash and equivalents | 76,702 | 60,257 |
| Investment securities (Note 3) | 47,359 | 43,921 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 51 | 66 |
| Financing receivables - net (Notes 6 and 23) | 289,307 | 312,234 |
| Other GECS receivables | 13,390 | 12,919 |
| Property, plant and equipment - net (Note 7) | 51,419 | 53,768 |
| Investment in GECS | 0 | 0 |
| Goodwill (Note 8) | 27,230 | 27,508 |
| Other intangible assets - net (Note 8) | 1,546 | 1,883 |
| All other assets (Note 9) | 75,618 | 77,197 |
| Assets of businesses held for sale (Note 2) | 711 | 3,127 |
| Assets of discontinued operations (Note 2) | 1,203 | 12,375 |
| Total assets(a) | 584,536 | 605,255 |
| Short-term borrowings (Note 10) | 136,333 | 118,797 |
| Accounts payable, principally trade accounts | 7,239 | 7,035 |
| 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) | 29,258 | 30,018 |
| Bank deposits (Note 10) | 43,115 | 37,298 |
| Long-term borrowings (Note 10) | 234,391 | 284,407 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 30,198 | 29,993 |
| All other liabilities (Note 13) | 17,328 | 17,554 |
| Deferred income taxes (Note 14) | 7,052 | 6,990 |
| Liabilities of businesses held for sale (Note 2) | 345 | 592 |
| Liabilities of discontinued operations (Note 2) | 1,477 | 2,423 |
| Total liabilities(a) | 506,736 | 535,107 |
| Preferred stock (0 and 30,000 shares outstanding at year-end 2011 and 2010, respectively) | 0 | 0 |
| Common stock (10,573,017,000 and 10,615,376,000 shares outstanding at year-end 2011 and 2010, respectively) | 1 | 1 |
| Investment securities | (33) | (639) |
| Currency translation adjustments | (399) | (1,411) |
| Cash flow hedges | (1,101) | (1,281) |
| Benefit plans | (563) | (380) |
| Other capital | 27,627 | 27,626 |
| Retained earnings | 51,578 | 45,068 |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareowners' equity | 77,110 | 68,984 |
| Noncontrolling interests(c) | 690 | 1,164 |
| Total equity (Notes 15 and 16) | 77,800 | 70,148 |
| Total liabilities and equity | 584,536 | 605,255 |
| [1] (a) Our consolidated assets at December 31, 2011 include total assets of $45,514 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 $37,120 million and investment securities of $5,320 million. Our consolidated liabilities at December 31, 2011 include liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities include non-recourse borrowings of consolida | ||
| [2] (b) The sum of accumulated other comprehensive income - net was $(23,974) million and $(17,855) million at December 31, 2011 and 2010, respectively. | ||
| [3] (c) Included accumulated other comprehensive income - net attributable to noncontrolling interests of $(168) million and $(153) million at December 31, 2011 and 2010, respectively. | (b) See Note 15 for an explanation of the changes in noncontrolling interests. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2011 | |
| 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 |