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: 2016 | ||
Statement of Financial Position | ||
Period Ending Dec 31, 2016 10-K (Filed: Feb 24, 2017) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Cash and equivalents | $ 48,129 | 70,483 |
| Investment securities (Note 3) | 44,313 | 31,973 |
| Current receivables (Note 4) | 24,076 | 27,022 |
| Inventories (Note 5) | 22,354 | 22,515 |
| Financing receivables - net (Note 6) | 12,242 | 12,052 |
| Other GE Capital receivables | 5,944 | 6,782 |
| Property, plant and equipment - net (Note 7) | 50,518 | 54,095 |
| Receivables from GE Capital (debt assumption) | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 70,438 | 65,526 |
| Other intangible assets - net (Note 8) | 16,436 | 17,797 |
| Contract assets (Note 9) | 25,162 | 21,156 |
| All other assets (Note 9) | 27,176 | 36,797 |
| Deferred income taxes (Note 14) | 1,833 | 3,105 |
| Assets of businesses held for sale (Note 2) | 1,745 | 2,818 |
| Assets of discontinued operations (Note 2) | 14,815 | 120,951 |
| Total assets | 365,183 | 493,071 [1] |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 30,714 | 49,860 |
| Accounts payable, principally trade accounts | 14,435 | 13,680 |
| Progress collections and price adjustments accrued | 16,760 | 15,776 |
| Dividends payable | 2,107 | 2,167 |
| Other GE current liabilities | 17,564 | 23,597 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 417 | 3,083 |
| Long-term borrowings (Note 10) | 105,080 | 144,659 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 26,086 | 25,692 |
| Non-current compensation and benefits | 43,780 | 40,487 |
| All other liabilities (Note 13) | 22,912 | 23,611 |
| Liabilities of businesses held for sale (Note 2) | 656 | 861 |
| Liabilities of discontinued operations (Note 2) | 4,158 | 46,487 |
| Total liabilities | 284,668 | 389,961 |
| Redeemable noncontrolling interest (Note 15) | 3,025 | 2,972 |
| Preferred stock value (5,944,250 shares outstanding at December 31, 2016 and December 31, 2015) | 6 | 6 |
| Common stock (8,742,614,000 and 9,379,288,000 shares outstanding at December 31, 2016 and December 31, 2015, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) - attributable to GE(b) | ||
| Investment securities | 674 | 460 [2] |
| Currency translation adjustments | (6,816) | (5,499) |
| Cash flow hedges | 12 | (80) |
| Benefit plans | (12,469) | (11,410) |
| Other capital | 37,224 | 37,613 |
| Retained earnings | 139,532 | 140,020 |
| Less common stock held in treasury | (83,038) | (63,539) |
| Total GE shareowners' equity | 75,828 | 98,274 |
| Noncontrolling interests (Note 15) | 1,663 [3] | 1,864 |
| Total equity (Note 15) | 77,491 | 100,138 |
| Total liabilities, redeemable noncontrolling interests and equity | 365,183 | 493,071 |
| Legal Entity | ||
| GE | ||
| Cash and equivalents | 10,525 [4] | 10,372 |
| Investment securities (Note 3) | 137 | 151 |
| Current receivables (Note 4) | 12,715 | 14,707 |
| Inventories (Note 5) | 22,263 | 22,449 |
| Financing receivables - net (Note 6) | 0 | 0 |
| Other GE Capital receivables | 0 | 0 |
| Property, plant and equipment - net (Note 7) | 19,103 | 20,145 |
| Receivables from GE Capital (debt assumption) | 58,780 | 84,704 |
| Investment in GE Capital | 24,677 | 46,227 |
| Goodwill (Note 8) | 68,070 | 63,157 |
| Other intangible assets - net (Note 8) | 16,131 | 17,365 |
| Contract assets (Note 9) | 25,162 | 21,156 |
| All other assets (Note 9) | 12,007 | 12,813 |
| Deferred income taxes (Note 14) | 6,666 | 7,666 |
| Assets of businesses held for sale (Note 2) | 1,629 | 2,818 |
| Assets of discontinued operations (Note 2) | 9 | 9 |
| Total assets | 277,874 | 323,737 |
| Short-term borrowings (Note 10) | 20,482 [5] | 19,792 |
| Accounts payable, principally trade accounts | 20,876 | 19,250 |
| Progress collections and price adjustments accrued | 16,838 | 15,776 |
| Dividends payable | 2,107 | 2,167 |
| Other GE current liabilities | 17,564 | 23,595 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 58,810 | 83,309 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| Non-current compensation and benefits | 42,770 | 39,472 |
| All other liabilities (Note 13) | 17,506 | 16,217 |
| Liabilities of businesses held for sale (Note 2) | 656 | 1,409 |
| Liabilities of discontinued operations (Note 2) | 35 | 128 |
| Total liabilities | 197,644 | 221,115 |
| Redeemable noncontrolling interest (Note 15) | 3,025 | 2,972 |
| Preferred stock value (5,944,250 shares outstanding at December 31, 2016 and December 31, 2015) | 6 | 6 |
| Common stock (8,742,614,000 and 9,379,288,000 shares outstanding at December 31, 2016 and December 31, 2015, respectively) | 702 | 702 |
| Investment securities | 674 | 460 |
| Currency translation adjustments | (6,816) | (5,499) |
| Cash flow hedges | 12 | (80) |
| Benefit plans | (12,469) | (11,410) |
| Other capital | 37,224 | 37,613 |
| Retained earnings | 139,532 | 140,020 |
| Less common stock held in treasury | (83,038) | (63,539) |
| Total GE shareowners' equity | 75,828 | 98,274 |
| Noncontrolling interests (Note 15) | 1,378 | 1,378 |
| Total equity (Note 15) | 77,205 | 99,651 |
| Total liabilities, redeemable noncontrolling interests and equity | 277,874 | 323,737 |
| GE Capital | ||
| Cash and equivalents | 37,604 | 60,111 |
| Investment securities (Note 3) | 44,180 | 31,827 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 91 | 66 |
| Financing receivables - net (Note 6) | 26,041 | 25,003 |
| Other GE Capital receivables | 15,576 | 15,455 |
| Property, plant and equipment - net (Note 7) | 32,225 | 34,781 |
| Receivables from GE Capital (debt assumption) | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 2,368 | 2,370 |
| Other intangible assets - net (Note 8) | 305 | 435 |
| Contract assets (Note 9) | 0 | 0 |
| All other assets (Note 9) | 14,608 | 25,081 |
| Deferred income taxes (Note 14) | (4,833) | (4,561) |
| Assets of businesses held for sale (Note 2) | 0 | 0 |
| Assets of discontinued operations (Note 2) | 14,806 | 120,942 |
| Total assets | 182,970 | 311,508 |
| Short-term borrowings (Note 10) | 23,443 | 48,617 |
| Accounts payable, principally trade accounts | 1,605 | 1,745 |
| 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) | 417 | 3,083 |
| Long-term borrowings (Note 10) | 93,443 | 128,478 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 26,546 | 26,155 |
| Non-current compensation and benefits | 1,001 | 1,006 |
| All other liabilities (Note 13) | 7,430 | 9,351 |
| Liabilities of businesses held for sale (Note 2) | 0 | 0 |
| Liabilities of discontinued operations (Note 2) | 4,123 | 46,359 |
| Total liabilities | 158,008 | 264,795 |
| Redeemable noncontrolling interest (Note 15) | 0 | 0 |
| Preferred stock value (5,944,250 shares outstanding at December 31, 2016 and December 31, 2015) | 6 | 6 |
| Common stock (8,742,614,000 and 9,379,288,000 shares outstanding at December 31, 2016 and December 31, 2015, respectively) | 0 | 0 |
| Investment securities | 656 | 456 |
| Currency translation adjustments | (740) | (898) |
| Cash flow hedges | 43 | (112) |
| Benefit plans | (622) | (540) |
| Other capital | 12,669 | 12,326 |
| Retained earnings | 12,664 | 34,988 |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareowners' equity | 24,677 | 46,227 |
| Noncontrolling interests (Note 15) | 285 | 486 |
| Total equity (Note 15) | 24,962 | 46,713 |
| Total liabilities, redeemable noncontrolling interests and equity | 182,970 | 311,508 |
| [1] Our consolidated assets at December 31, 2016 included total assets of $6,332 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 $1,722 million and investment securities of $982 million wit hin continuing operations and assets of discontinued operations of $692 million. Our consolidated liabilities at December 31, 2016 included liabilities of certain VIEs for which the V | ||
| [2] The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(18,598) milli on and $(16,529) million at December 31, 2016 and December 31, 2015 , respectively. | ||
| [3] Included AOCI attributable to noncontrolling interests of $(278) million and $(264) million at December 31, 2016 and December 31, 2015 , respectively. | ||
| [4] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1. | ||
| [5] 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. The short-term borrowings were $ 11,696 million (which includes a loan amount of $ 1,329 million from GE Capital to GE) and $17,642 million and t he long-term borrowings were $47,084 million and $67,062 million at December 31 , 2016 and December 31, 2015, respectively. See Note 10 for additional information. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2016 | |
| 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 |