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: 2017 | ||
STATEMENT OF FINANCIAL POSITION | ||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2017 | Dec 31, 2016 | |
| Assets | ||
| Cash and equivalents | $ 43,299 | 48,129 |
| Investment securities (Note 3) | 38,696 | 44,313 |
| Current receivables (Note 4) | 24,438 | 24,076 |
| Inventories (Note 5) | 21,923 | 22,354 |
| Financing receivables net (Note 6) | 10,336 | 12,242 |
| Other GE Capital receivables | 6,301 | 5,944 |
| Property, plant and equipment net (Note 7) | 53,874 | 50,518 |
| Receivable from GE Capital (debt assumption)(b) | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 83,968 | 70,438 |
| Other intangible assets net (Note 8) | 20,273 | 16,436 |
| Contract assets (Note 9) | 28,861 | 25,162 |
| All other assets | 29,612 | 27,176 |
| Deferred income taxes (Note 13) | 6,207 | 1,833 |
| Assets of businesses held for sale (Note 2) | 4,243 | 1,745 |
| Assets of discontinued operations (Note 2) | 5,912 | 14,815 |
| Total assets | 377,945 | 365,183 |
| Liabilities and equity | ||
| Short-term borrowings (Note 10) | 24,036 | 30,714 |
| Accounts payable, principally trade accounts | 15,153 | 14,435 |
| Progress collections and price adjustments accrued | 18,462 | 16,760 |
| Dividends payable | 1,052 | 2,107 |
| Other GE current liabilities | 18,697 | 17,564 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 1,980 | 417 |
| Long-term borrowings (Note 10) | 108,575 | 105,080 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 38,136 | 26,086 |
| Non-current compensation and benefits | 41,630 | 43,780 |
| All other liabilities | 22,795 | 22,912 |
| Liabilities of businesses held for sale (Note 2) | 1,339 | 656 |
| Liabilities of discontinued operations (Note 2) | 706 | 4,158 |
| Total liabilities | 292,561 [1] | 284,668 |
| Redeemable noncontrolling interests (Note 14) | 3,399 | 3,025 |
| Preferred stock (5,939,874 and 5,944,250 and shares outstanding at December 31, 2017 and December 31, 2016, respectively) | 6 | 6 |
| Common stock (8,680,571,000 and 8,742,614,000 shares outstanding at December 31, 2017 and December 31, 2016, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) net attributable to GE | ||
| Investment securities | (102) | 674 |
| Currency translation adjustments | (4,653) | (6,816) |
| Cash flow hedges | 62 | 12 |
| Benefit plans | (9,702) [2] | (12,469) |
| Other capital | 37,171 | 37,224 |
| Retained earnings | 125,682 | 139,532 |
| Less common stock held in treasury | (84,902) | (83,038) |
| Total GE shareowners equity | 64,263 | 75,828 |
| Noncontrolling interests (Note 14) | 17,723 | 1,663 [3] |
| Total equity (Note 14) | 81,986 | 77,491 |
| Total liabilities, redeemable noncontrolling interests and equity | 377,945 | 365,183 |
| Legal Entity | ||
| Financial Services (GE Capital) | ||
| Cash and equivalents | 25,088 | 37,604 |
| Investment securities (Note 3) | 38,231 | 44,180 |
| Current receivables (Note 4) | 0 | 0 |
| Inventories (Note 5) | 75 | 91 |
| Financing receivables net (Note 6) | 21,967 | 26,041 |
| Other GE Capital receivables | 16,945 | 15,576 |
| Property, plant and equipment net (Note 7) | 30,595 | 32,225 |
| Receivable from GE Capital (debt assumption)(b) | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 984 | 2,368 |
| Other intangible assets net (Note 8) | 259 | 305 |
| Contract assets (Note 9) | 0 | 0 |
| All other assets | 15,662 | 14,608 |
| Deferred income taxes (Note 13) | 999 | |
| Deferred income taxes (Note 13) | (4,833) | |
| Assets of businesses held for sale (Note 2) | 0 | 0 |
| Assets of discontinued operations (Note 2) | 5,912 | 14,806 |
| Total assets | 156,716 | 182,970 |
| Short-term borrowings (Note 10) | 19,602 | 23,443 |
| Accounts payable, principally trade accounts | 1,853 | 1,605 |
| 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) | 1,980 | 417 |
| Long-term borrowings (Note 10) | 73,614 | 93,443 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 38,587 | 26,546 |
| Non-current compensation and benefits | 801 | 1,001 |
| All other liabilities | 5,886 | 7,430 |
| Liabilities of businesses held for sale (Note 2) | 0 | 0 |
| Liabilities of discontinued operations (Note 2) | 683 | 4,123 |
| Total liabilities | 143,007 | 158,008 |
| Redeemable noncontrolling interests (Note 14) | 0 | 0 |
| Preferred stock (5,939,874 and 5,944,250 and shares outstanding at December 31, 2017 and December 31, 2016, respectively) | 6 | 6 |
| Common stock (8,680,571,000 and 8,742,614,000 shares outstanding at December 31, 2017 and December 31, 2016, respectively) | 0 | 0 |
| Investment securities | (99) | 656 |
| Currency translation adjustments | (225) | (740) |
| Cash flow hedges | 54 | 43 |
| Benefit plans | (524) | (622) |
| Other capital | 12,806 | 12,669 |
| Retained earnings | 1,476 | 12,664 |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareowners equity | 13,493 | 24,677 |
| Noncontrolling interests (Note 14) | 217 | 285 |
| Total equity (Note 14) | 13,709 | 24,962 |
| Total liabilities, redeemable noncontrolling interests and equity | 156,716 | 182,970 |
| Consolidated Entities | ||
| GE | ||
| Cash and equivalents | 18,211 | 10,525 |
| Investment securities (Note 3) | 569 | 137 |
| Current receivables (Note 4) | 14,867 | 12,715 |
| Inventories (Note 5) | 21,848 | 22,263 |
| Financing receivables net (Note 6) | 0 | 0 |
| Other GE Capital receivables | 0 | 0 |
| Property, plant and equipment net (Note 7) | 23,963 | 19,103 |
| Receivable from GE Capital (debt assumption)(b) | 39,844 | 58,780 |
| Investment in GE Capital | 13,493 | 24,677 |
| Goodwill (Note 8) | 82,985 | 68,070 |
| Other intangible assets net (Note 8) | 20,014 | 16,131 |
| Contract assets (Note 9) | 28,861 | 25,162 |
| All other assets | 14,035 | 12,007 |
| Deferred income taxes (Note 13) | 5,204 | 6,666 |
| Assets of businesses held for sale (Note 2) | 3,877 | 1,629 |
| Assets of discontinued operations (Note 2) | 0 | 9 |
| Total assets | 287,770 | 277,874 |
| Short-term borrowings (Note 10) | 14,548 | 20,482 |
| Accounts payable, principally trade accounts | 21,634 | 20,876 |
| Progress collections and price adjustments accrued | 18,566 | 16,838 |
| Dividends payable | 1,052 | 2,107 |
| Other GE current liabilities | 18,697 | 17,564 |
| Non-recourse borrowings of consolidated securitization entities (Note 10) | 0 | 0 |
| Long-term borrowings (Note 10) | 67,040 [4] | 58,810 |
| Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) | 0 | 0 |
| Non-current compensation and benefits | 40,820 | 42,770 |
| All other liabilities | 18,884 | 17,506 |
| Liabilities of businesses held for sale (Note 2) | 1,339 | 656 |
| Liabilities of discontinued operations (Note 2) | 23 | 35 |
| Total liabilities | 202,602 | 197,644 |
| Redeemable noncontrolling interests (Note 14) | 3,399 | 3,025 |
| Preferred stock (5,939,874 and 5,944,250 and shares outstanding at December 31, 2017 and December 31, 2016, respectively) | 6 | 6 |
| Common stock (8,680,571,000 and 8,742,614,000 shares outstanding at December 31, 2017 and December 31, 2016, respectively) | 702 | 702 |
| Investment securities | (102) | 674 |
| Currency translation adjustments | (4,653) | (6,816) |
| Cash flow hedges | 62 | 12 |
| Benefit plans | (9,702) | (12,469) |
| Other capital | 37,171 | 37,224 |
| Retained earnings | 125,682 | 139,532 |
| Less common stock held in treasury | (84,902) | (83,038) |
| Total GE shareowners equity | 64,263 | 75,828 |
| Noncontrolling interests (Note 14) | 17,506 | 1,378 |
| Total equity (Note 14) | 81,769 | 77,205 |
| Total liabilities, redeemable noncontrolling interests and equity | 287,770 [5] | 277,874 |
| [1] Our consolidated assets at December 31, 2017 included total assets of $6,200 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 $1,720 million and investment securities of $918 million within continuing operations and assets of discontinued operations of $300 million. Our consolidated liabilities at December 31, 2017 included liabilities of certain VIEs for which the VI | ||
| [2] The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(14,396) million and $(18,598) million at December 31, 2017 and December 31, 2016, respectively. | ||
| [3] Included AOCI attributable to noncontrolling interests of $(226) million and $(278) million at December 31, 2017 and December 31, 2016, respectively. | ||
| [4] In 2015, senior unsecured notes and commercial paper were assumed by GE upon its merger with GE Capital, resulting in an intercompany receivable and payable between GE and GE Capital. See Note 10 for further information. | ||
| [5] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2017 | |
| 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 |