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: 2014 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2014 | Dec 31, 2013 | |
| Assets | ||
| Cash and equivalents | $ 90,208 | 88,555 |
| Investment securities (Note 3) | 47,907 | 43,981 |
| Current receivables (Note 4) | 23,237 | 21,388 |
| Inventories (Note 5) | 17,689 | 17,325 |
| Financing receivables - net (Note 6 and 27) | 224,816 | 241,940 |
| Other GECC receivables | 9,095 | 9,114 |
| Property, plant and equipment - net (Note 7) | 66,387 | 68,827 |
| Investment in GECC | 0 | 0 |
| Goodwill (Note 8) | 76,553 | 77,648 |
| Other intangible assets - net (Note 8) | 14,156 | 14,310 |
| All other assets (Note 9) | 68,225 | 70,808 |
| Deferred income taxes | 2,541 | 275 |
| Assets of businesses held for sale (Note 2) | 6,300 | 50 |
| Assets of discontinued operations (Note 2) | 1,235 | 2,339 |
| Total assets(a) | 648,349 | 656,560 [1] |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 71,789 | 77,890 |
| Accounts payable, principally trade accounts | 16,338 | 16,471 |
| Progress collections and price adjustments accrued | 12,537 | 13,125 |
| Dividends payable | 2,317 | 2,220 |
| Other GE current liabilities | 12,682 | 13,381 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 29,938 | 30,124 |
| Bank deposits (Note 10) | 62,839 | 53,361 |
| Long-term borrowings (Note 10) | 200,414 | 221,665 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 27,578 | 26,544 |
| All other liabilities (Note 13) | 70,484 | 61,057 |
| Liabilities of businesses held for sale (Note 2) | 3,375 | 6 |
| Liabilities of discontinued operations (Note 2) | 1,225 | 3,933 |
| Total liabilities(a) | 511,516 | 519,777 |
| GECC preferred stock (50,000 shares outstanding at both year-end 2014 and 2013) | 0 | 0 |
| Common stock (10,057,380,000 and 10,060,881,000 shares outstanding at year-end 2014 and 2013, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) - attributable to GE(b) | ||
| Investment securities | 1,013 [2] | 307 |
| Currency translation adjustments | (2,427) | 126 |
| Cash flow hedges | (180) | (257) |
| Benefit plans | (16,578) | (9,296) |
| Other capital | 32,889 | 32,494 |
| Retained earnings | 155,333 | 149,051 |
| Treasury Stock, Value | (42,593) | (42,561) |
| Total GE shareowners' equity | 128,159 | 130,566 |
| Noncontrolling interests(c) | 8,674 [3] | 6,217 |
| Total equity (Note 15 and 16) | 136,833 | 136,783 |
| Total liabilities and equity | 648,349 | 656,560 |
| Legal Entity | ||
| GE | ||
| Cash and equivalents | 15,916 | 13,682 |
| Investment securities (Note 3) | 84 [4] | 323 |
| Current receivables (Note 4) | 11,513 | 10,970 |
| Inventories (Note 5) | 17,639 | 17,257 |
| Financing receivables - net (Note 6 and 27) | 0 | 0 |
| Other GECC receivables | 0 | 0 |
| Property, plant and equipment - net (Note 7) | 17,207 | 17,574 |
| Investment in GECC | 82,549 | 77,745 |
| Goodwill (Note 8) | 51,527 | 51,453 |
| Other intangible assets - net (Note 8) | 12,984 | 13,180 |
| All other assets (Note 9) | 24,680 | 23,708 |
| Deferred income taxes | 8,772 | 5,061 |
| Assets of businesses held for sale (Note 2) | 2,805 | 0 |
| Assets of discontinued operations (Note 2) | 10 | 9 |
| Total assets(a) | 245,686 | 230,962 |
| Short-term borrowings (Note 10) | 3,872 | 1,841 |
| Accounts payable, principally trade accounts | 16,511 | 16,353 |
| Progress collections and price adjustments accrued | 12,550 | 13,152 |
| Dividends payable | 2,317 | 2,220 |
| Other GE current liabilities | 12,681 | 13,381 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 0 | 0 |
| Bank deposits (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 12,468 | 11,515 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| All other liabilities (Note 13) | 54,662 | 40,955 |
| Liabilities of businesses held for sale (Note 2) | 1,504 | 0 |
| Liabilities of discontinued operations (Note 2) | 137 | 143 |
| Total liabilities(a) | 116,702 | 99,560 |
| GECC preferred stock (50,000 shares outstanding at both year-end 2014 and 2013) | 0 | 0 |
| Common stock (10,057,380,000 and 10,060,881,000 shares outstanding at year-end 2014 and 2013, respectively) | 702 | 702 |
| Investment securities | 1,013 | 307 |
| Currency translation adjustments | (2,427) | 126 |
| Cash flow hedges | (180) | (257) |
| Benefit plans | (16,578) | (9,296) |
| Other capital | 32,889 | 32,494 |
| Retained earnings | 155,333 | 149,051 |
| Treasury Stock, Value | (42,593) | (42,561) |
| Total GE shareowners' equity | 128,159 | 130,566 |
| Noncontrolling interests(c) | 825 | 836 |
| Total equity (Note 15 and 16) | 128,984 | 131,402 |
| Total liabilities and equity | 245,686 | 230,962 |
| GECC | ||
| Cash and equivalents | 74,292 | 74,873 |
| Investment securities (Note 3) | 47,827 | 43,662 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 50 | 68 |
| Financing receivables - net (Note 6 and 27) | 237,018 | 253,029 |
| Other GECC receivables | 16,683 | 16,513 |
| Property, plant and equipment - net (Note 7) | 49,570 | 51,607 |
| Investment in GECC | 0 | 0 |
| Goodwill (Note 8) | 25,026 | 26,195 |
| Other intangible assets - net (Note 8) | 1,176 | 1,136 |
| All other assets (Note 9) | 43,875 | 47,366 |
| Deferred income taxes | (6,231) | (4,786) |
| Assets of businesses held for sale (Note 2) | 3,474 | 50 |
| Assets of discontinued operations (Note 2) | 1,225 | 2,330 |
| Total assets(a) | 493,985 | 512,043 |
| Short-term borrowings (Note 10) | 68,780 | 77,298 |
| Accounts payable, principally trade accounts | 6,177 | 6,549 |
| 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) | 29,938 | 30,124 |
| Bank deposits (Note 10) | 62,839 | 53,361 |
| Long-term borrowings (Note 10) | 187,991 | 210,279 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 28,027 | 26,979 |
| All other liabilities (Note 13) | 16,313 | 20,531 |
| Liabilities of businesses held for sale (Note 2) | 2,434 | 6 |
| Liabilities of discontinued operations (Note 2) | 1,088 | 3,790 |
| Total liabilities(a) | 403,587 | 428,917 |
| GECC preferred stock (50,000 shares outstanding at both year-end 2014 and 2013) | 0 | 0 |
| Common stock (10,057,380,000 and 10,060,881,000 shares outstanding at year-end 2014 and 2013, respectively) | 0 | 0 |
| Investment securities | 1,010 | 309 |
| Currency translation adjustments | (838) | (687) |
| Cash flow hedges | (172) | (293) |
| Benefit plans | (577) | (363) |
| Other capital | 32,999 | 32,563 |
| Retained earnings | 55,077 | 51,165 |
| Treasury Stock, Value | 0 | 0 |
| Total GE shareowners' equity | 87,499 | 82,694 |
| Noncontrolling interests(c) | 2,899 | 432 |
| Total equity (Note 15 and 16) | 90,398 | 83,126 |
| Total liabilities and equity | 493,985 | 512,043 |
| [1] (a) Our consolidated assets at December 31, 2014 included total assets of $ 50,453 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets included net financing receivables of $ 43,620 million and investment securities of $ 3,374 million. Our consolidated liabilities at December 31, 2014 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of co | ||
| [2] (b) The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $ (18,172) million and $ (9,120) million at December 31, 2014 a nd 2013 , re spectively. | ||
| [3] (c) Included AOCI attributable to noncontrolling interests of $ (194) million and $ (180) million at December 31, 2014 and 2013 , respectively. | ||
| [4] (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or Financial Services), which is presented on a one-line basis. See Note 1. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2014 | |
| 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 |