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: 2015 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2015 | Dec 31, 2014 | |
| Assets | ||
| Cash and equivalents | $ 70,483 | 70,025 |
| Investment securities (Note 3) | 31,973 | 35,505 |
| Current receivables (Note 4) | 27,022 | 23,237 |
| Inventories (Note 5) | 22,515 | 17,689 |
| Financing receivables - net (Note 6) | 12,052 | 13,445 |
| Other GE Capital Receivables | 6,782 | 6,261 |
| Property, plant and equipment - net (Note 7) | 54,095 | 48,070 |
| Receivables from GE Capital (debt assumption) | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 65,526 | 53,207 |
| Other intangible assets - net (Note 8) | 16,744 | 13,182 |
| Contract Assets (Note 9) | 21,156 | 16,960 |
| All other assets (Note 9) | 37,471 | 24,836 |
| Deferred income taxes (Note 14) | 3,105 | 6,183 |
| Assets of businesses held for sale (Note 2) | 2,818 | 2,826 |
| Assets of discontinued operations (Note 2) | 120,951 | 323,529 |
| Total assets(a) | 492,692 [1] | 654,954 |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 49,892 | 70,425 |
| Accounts payable, principally trade accounts | 13,680 | 12,067 |
| Progress collections and price adjustments accrued | 15,776 | 12,537 |
| Dividends payable | 2,167 | 2,317 |
| Other GE current liabilities | 23,597 | 14,323 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 3,083 | 4,403 |
| Long-term borrowings (Note 10) | 145,301 | 186,596 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 25,692 | 27,432 |
| Deferred income taxes | 0 | 0 |
| Non-current compensation and benefits | 40,487 | 42,238 |
| All other liabilities (Note 13) | 22,558 | 16,511 |
| Liabilities of businesses held for sale (Note 2) | 861 | 941 |
| Liabilities of discontinued operations (Note 2) | 46,487 | 128,233 |
| Total liabilities(a) | 389,582 | 518,023 |
| Redeemable noncontrolling interest (Note 15) | 2,972 | 98 |
| Preferred stock value (5,944,250 shares outstanding at year-end 2015 and no shares outstanding at year-end 2014) | 6 | 0 |
| GECC preferred stock value (no shares outstanding at year-end 2015 and 50,000 shares outstanding at year-end 2014) | 0 | 0 |
| Common stock (9,379,288,000 and 10,057,380,000 shares outstanding at year-end 2015 and 2014) | 702 | 702 |
| Accumulated other comprehensive income (loss) - attributable to GE(b) | ||
| Investment securities | 460 [2] | 1,013 |
| Currency translation adjustments | (5,499) | (2,428) |
| Cash flow hedges | (80) | (180) |
| Benefit plans | (11,410) | (16,578) |
| Other capital | 37,613 | 32,889 |
| Retained earnings | 140,020 | 155,333 |
| Less common stock held in treasury | (63,539) | (42,593) |
| Total GE shareowners' equity | 98,274 | 128,159 |
| Noncontrolling interests(c) (Note 15) | 1,864 [3] | 8,674 |
| Total equity | 100,138 | 136,833 |
| Total liabilities, redeemable noncontrolling interests and equity | 492,692 | 654,954 |
| Legal Entity | ||
| GE | ||
| Cash and equivalents | 10,372 | 15,916 |
| Investment securities (Note 3) | 151 | 84 |
| Current receivables (Note 4) | 14,707 | 11,513 |
| Inventories (Note 5) | 22,449 | 17,639 |
| Financing receivables - net (Note 6) | 0 | 0 |
| Other GE Capital Receivables | 0 | 0 |
| Property, plant and equipment - net (Note 7) | 20,145 | 17,207 |
| Receivables from GE Capital (debt assumption) | 85,114 | 0 |
| Investment in GE Capital | 46,227 | 82,549 |
| Goodwill (Note 8) | 63,157 | 51,526 |
| Other intangible assets - net (Note 8) | 16,312 | 12,984 |
| Contract Assets (Note 9) | 21,156 | 16,960 |
| All other assets (Note 9) | 13,281 | 7,722 |
| Deferred income taxes (Note 14) | 7,666 | 8,772 |
| Assets of businesses held for sale (Note 2) | 2,818 | 2,805 |
| Assets of discontinued operations (Note 2) | 9 | 9 |
| Total assets(a) | 323,562 | 245,686 |
| Short-term borrowings (Note 10) | 19,799 [4] | 3,872 |
| Accounts payable, principally trade accounts | 19,250 | 16,511 |
| Progress collections and price adjustments accrued | 15,776 | 12,550 |
| Dividends payable | 2,167 | 2,317 |
| Other GE current liabilities | 23,595 | 14,322 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 83,770 | 12,468 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| Deferred income taxes | 0 | 0 |
| Non-current compensation and benefits | 39,472 | 41,494 |
| All other liabilities (Note 13) | 15,573 | 11,429 |
| Liabilities of businesses held for sale (Note 2) | 1,409 | 1,504 |
| Liabilities of discontinued operations (Note 2) | 128 | 137 |
| Total liabilities(a) | 220,938 | 116,604 |
| Redeemable noncontrolling interest (Note 15) | 2,972 | 98 |
| Preferred stock value (5,944,250 shares outstanding at year-end 2015 and no shares outstanding at year-end 2014) | 6 | 0 |
| GECC preferred stock value (no shares outstanding at year-end 2015 and 50,000 shares outstanding at year-end 2014) | 0 | 0 |
| Common stock (9,379,288,000 and 10,057,380,000 shares outstanding at year-end 2015 and 2014) | 702 | 702 |
| Investment securities | 460 | 1,013 |
| Currency translation adjustments | (5,499) | (2,428) |
| Cash flow hedges | (80) | (180) |
| Benefit plans | (11,410) | (16,578) |
| Other capital | 37,613 | 32,889 |
| Retained earnings | 140,020 | 155,333 |
| Less common stock held in treasury | (63,539) | (42,593) |
| Total GE shareowners' equity | 98,274 | 128,159 |
| Noncontrolling interests(c) (Note 15) | 1,378 | 825 |
| Total equity | 99,651 | 128,984 |
| Total liabilities, redeemable noncontrolling interests and equity | 323,562 | 245,686 |
| GE Capital | ||
| Cash and equivalents | 60,111 | 54,109 |
| Investment securities (Note 3) | 31,827 | 35,425 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 66 | 50 |
| Financing receivables - net (Note 6) | 25,003 | 25,647 |
| Other GE Capital Receivables | 15,865 | 13,848 |
| Property, plant and equipment - net (Note 7) | 34,781 | 31,253 |
| Receivables from GE Capital (debt assumption) | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 2,370 | 1,680 |
| Other intangible assets - net (Note 8) | 435 | 202 |
| Contract Assets (Note 9) | 0 | 0 |
| All other assets (Note 9) | 25,287 | 17,445 |
| Deferred income taxes (Note 14) | (4,561) | (2,590) |
| Assets of businesses held for sale (Note 2) | 0 | 0 |
| Assets of discontinued operations (Note 2) | 120,942 | 323,520 |
| Total assets(a) | 312,125 | 500,589 |
| Short-term borrowings (Note 10) | 48,650 | 67,416 |
| Accounts payable, principally trade accounts | 1,745 | 1,905 |
| 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) | 3,083 | 4,403 |
| Long-term borrowings (Note 10) | 129,062 | 174,174 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 26,155 | 27,881 |
| Deferred income taxes | 0 | 0 |
| Non-current compensation and benefits | 1,006 | 734 |
| All other liabilities (Note 13) | 9,351 | 5,583 |
| Liabilities of businesses held for sale (Note 2) | 0 | 0 |
| Liabilities of discontinued operations (Note 2) | 46,359 | 128,096 |
| Total liabilities(a) | 265,411 | 410,191 |
| Redeemable noncontrolling interest (Note 15) | 0 | 0 |
| Preferred stock value (5,944,250 shares outstanding at year-end 2015 and no shares outstanding at year-end 2014) | 6 | 0 |
| GECC preferred stock value (no shares outstanding at year-end 2015 and 50,000 shares outstanding at year-end 2014) | 0 | 0 |
| Common stock (9,379,288,000 and 10,057,380,000 shares outstanding at year-end 2015 and 2014) | 0 | 0 |
| Investment securities | 456 | 1,010 |
| Currency translation adjustments | (898) | (839) |
| Cash flow hedges | (112) | (172) |
| Benefit plans | (540) | (577) |
| Other capital | 12,326 | 32,999 |
| Retained earnings | 34,988 | 55,077 |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareowners' equity | 46,227 | 87,499 |
| Noncontrolling interests(c) (Note 15) | 486 | 2,899 |
| Total equity | 46,713 | 90,398 |
| Total liabilities, redeemable noncontrolling interests and equity | 312,125 | 500,589 |
| [1] (a) Our consolidated assets at December 31, 2015 included total assets of $ 8,542 million of certain variable interest entities (VIEs) that can only be used to settle the liabilities of those VIEs. These assets included current receivables and net financing receivables of $ 4,387 million and investment securities of $ 1,404 million w ithin continuing operations and assets of discontinued operations of $ 1,798 million. Our consolidated liabilities at December 31, 2015 included liabilities of certain VIEs for | ||
| [2] (b) The sum of ac cumulated other comprehensive income (loss) (AOCI) attributable to the Company was $ (16,529) million and $ (18,172) million at December 31, 2015 and 2014 , respectively. | ||
| [3] (c) Included AOCI attributable to noncontrolling interests of $ (264) million and $ (194) million at December 31, 2015 and 2014 , respectively. | ||
| [4] On December 2, 2015, senior unsecured notes and commercial paper was assumed by GE upon its merger with GE Capital resulting in an intercompany payable to GE. At December 31, 2015, this amounted to $17,649 million in short-term borrowings and $67,465 million in long-term borrowings. See Note 10 for additional information. | (a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2015 | |
| 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 |