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: 2012 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2012 | Dec 31, 2011 | |
| Assets | ||
| Cash and equivalents | $ 77,356 | 84,501 |
| Investment securities (Note 3) | 48,510 | 47,374 |
| Current receivables (Note 4) | 21,500 | 20,478 |
| Inventories (Note 5) | 15,374 | 13,792 |
| Financing receivables - net (Notes 6 and 23) | 258,028 | 279,918 |
| Other GECC receivables | 7,961 | 7,561 |
| Property, plant and equipment - net (Note 7) | 69,743 | 65,739 |
| Investment in GECC | 0 | 0 |
| Goodwill (Note 8) | 73,447 | 72,625 |
| Other intangible assets - net (Note 8) | 11,987 | 12,068 |
| All other assets (Note 9) | 100,076 | 111,701 |
| Assets of businesses held for sale (Note 2) | 211 | 711 |
| Assets of discontinued operations (Note 2) | 1,135 | 1,721 |
| Total assets(a) | 685,328 [1] | 718,189 |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 101,392 | 137,611 |
| Accounts payable, principally trade accounts | 15,675 | 16,400 |
| Progress collections and price adjustments accrued | 10,877 | 11,349 |
| Dividends payable | 1,980 | 1,797 |
| Other GE current liabilities | 14,895 | 14,796 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 30,123 | 29,258 |
| Bank deposits (Note 10) | 46,461 | 43,115 |
| Long-term borrowings (Note 10) | 236,084 | 243,459 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 28,268 | 29,774 |
| All other liabilities (Note 13) | 68,676 | 70,653 |
| Deferred income taxes (Note 14) | (75) | (131) |
| Liabilities of businesses held for sale (Note 2) | 157 | 345 |
| Liabilities of discontinued operations (Note 2) | 2,345 | 1,629 |
| Total liabilities(a) | 556,858 | 600,055 |
| GECC preferred stock (40,000 and 0 shares outstanding at year-end 2012 and 2011, respectively) | 0 | 0 |
| Common stock (10,405,625,000 and 10,573,017,000 shares outstanding at year-end 2012 and 2011, respectively) | 702 | 702 |
| Accumulated other comprehensive income attributable to GE(b) | ||
| Investment securities | 677 | (30) |
| Currency translation adjustments | 412 | 133 |
| Cash flow hedges | (722) | (1,176) [2] |
| Benefit plans | (20,597) | (22,901) |
| Other capital | 33,070 | 33,693 |
| Retained earnings | 144,055 | 137,786 |
| Less common stock held in treasury | (34,571) | (31,769) |
| Total GE shareowners' equity | 123,026 | 116,438 |
| Noncontrolling interests(c) | 5,444 [3] | 1,696 |
| Total equity (Notes 15 and 16) | 128,470 | 118,134 |
| Total liabilities and equity | 685,328 | 718,189 |
| Legal Entity | ||
| Subsidiaries | ||
| Cash and equivalents | 15,509 | 8,382 |
| Investment securities (Note 3) | 74 | 18 |
| Current receivables (Note 4) | 10,872 | 11,807 |
| Inventories (Note 5) | 15,295 | 13,741 |
| Financing receivables - net (Notes 6 and 23) | 0 | 0 |
| Other GECC receivables | 0 | 0 |
| Property, plant and equipment - net (Note 7) | 16,033 | 14,283 |
| Investment in GECC | 77,930 | 77,110 |
| Goodwill (Note 8) | 46,143 | 45,395 |
| Other intangible assets - net (Note 8) | 10,700 | 10,522 |
| All other assets (Note 9) | 37,936 | 36,675 |
| Assets of businesses held for sale (Note 2) | 0 | 0 |
| Assets of discontinued operations (Note 2) | 9 | 52 |
| Total assets(a) | 230,501 | 217,985 |
| Short-term borrowings (Note 10) | 6,041 | 2,184 |
| Accounts payable, principally trade accounts | 14,259 | 14,209 |
| Progress collections and price adjustments accrued | 10,877 | 11,349 |
| Dividends payable | 1,980 | 1,797 |
| Other GE current liabilities | 14,896 | 14,796 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 0 | 0 |
| Bank deposits (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 11,428 | 9,405 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| All other liabilities (Note 13) | 53,093 | 53,826 |
| Deferred income taxes (Note 14) | (5,946) | (7,183) |
| Liabilities of businesses held for sale (Note 2) | 0 | 0 |
| Liabilities of discontinued operations (Note 2) | 70 | 158 |
| Total liabilities(a) | 106,698 | 100,541 |
| GECC preferred stock (40,000 and 0 shares outstanding at year-end 2012 and 2011, respectively) | 0 | 0 |
| Common stock (10,405,625,000 and 10,573,017,000 shares outstanding at year-end 2012 and 2011, respectively) | 702 | 702 |
| Investment securities | 677 | (30) |
| Currency translation adjustments | 412 | 133 |
| Cash flow hedges | (722) | (1,176) |
| Benefit plans | (20,597) | (22,901) |
| Other capital | 33,070 | 33,693 |
| Retained earnings | 144,055 | 137,786 |
| Less common stock held in treasury | (34,571) | (31,769) |
| Total GE shareowners' equity | 123,026 | 116,438 |
| Noncontrolling interests(c) | 777 | 1,006 |
| Total equity (Notes 15 and 16) | 123,803 | 117,444 |
| Total liabilities and equity | 230,501 | 217,985 |
| Subsidiaries GECC | ||
| Cash and equivalents | 61,941 | 76,702 |
| Investment securities (Note 3) | 48,439 | 47,359 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 79 | 51 |
| Financing receivables - net (Notes 6 and 23) | 268,951 | 288,847 |
| Other GECC receivables | 13,988 | 13,390 |
| Property, plant and equipment - net (Note 7) | 53,673 | 51,419 |
| Investment in GECC | 0 | 0 |
| Goodwill (Note 8) | 27,304 | 27,230 |
| Other intangible assets - net (Note 8) | 1,294 | 1,546 |
| All other assets (Note 9) | 62,217 | 75,612 |
| Assets of businesses held for sale (Note 2) | 211 | 711 |
| Assets of discontinued operations (Note 2) | 1,126 | 1,669 |
| Total assets(a) | 539,223 | 584,536 |
| Short-term borrowings (Note 10) | 95,940 | 136,333 |
| Accounts payable, principally trade accounts | 6,277 | 7,239 |
| 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) | 30,123 | 29,258 |
| Bank deposits (Note 10) | 46,461 | 43,115 |
| Long-term borrowings (Note 10) | 224,776 | 234,391 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 28,696 | 30,198 |
| All other liabilities (Note 13) | 16,050 | 17,334 |
| Deferred income taxes (Note 14) | 5,871 | 7,052 |
| Liabilities of businesses held for sale (Note 2) | 157 | 345 |
| Liabilities of discontinued operations (Note 2) | 2,275 | 1,471 |
| Total liabilities(a) | 456,626 | 506,736 |
| GECC preferred stock (40,000 and 0 shares outstanding at year-end 2012 and 2011, respectively) | 0 | 0 |
| Common stock (10,405,625,000 and 10,573,017,000 shares outstanding at year-end 2012 and 2011, respectively) | 0 | 0 |
| Investment securities | 673 | (33) |
| Currency translation adjustments | (131) | (399) |
| Cash flow hedges | (746) | (1,101) |
| Benefit plans | (736) | (563) |
| Other capital | 31,586 | 27,628 |
| Retained earnings | 51,244 | 51,578 |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareowners' equity | 81,890 | 77,110 |
| Noncontrolling interests(c) | 707 | 690 |
| Total equity (Notes 15 and 16) | 82,597 | 77,800 |
| Total liabilities and equity | 539,223 | 584,536 |
| [1] (a) Our consolidated assets at December 31, 2012 include total assets of $46,064 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 $40,287 million and investment securities of $3,419 million. Our consolidated liabilities at December 31, 2012 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 attributable to GE was $(20,230) million and $(23,974) million at December 31, 2012 and 2011, respectively. | ||
| [3] (c) Included accumulated other comprehensive income attributable to noncontrolling interests of $(155) million and $(168) million at December 31, 2012 and 2011, respectively. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2012 | |
| 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 |