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: 2019 | ||
STATEMENT OF FINANCIAL POSITION | ||
Period Ending Dec 31, 2019 10-K (Filed: Feb 24, 2020) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Cash, cash equivalents and restricted cash | $ 36,394 | 31,124 |
| Investment securities (Note 3) | 48,521 | 33,508 |
| Current receivables (Note 4) | 16,769 | 14,645 |
| Financing receivables net (Note 5) | 3,134 | 7,699 |
| Inventories (Note 6) | 14,104 | 13,803 |
| Other GE Capital receivables | 7,144 | 7,143 |
| Property, plant and equipment net (Note 7) | 43,290 | 43,611 |
| Operating lease assets (Note 7) | 2,896 | |
| Receivable from GE Capital | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 26,734 | 33,974 |
| Other intangible assets net (Note 8) | 10,653 | 12,178 |
| Contract and other deferred assets (Note 9) | 16,801 | 17,431 |
| All other assets (Note 10) | 16,461 | 18,357 |
| Deferred income taxes (Note 15) | 9,889 | 12,117 |
| Assets of businesses held for sale (Note 2) | 9,149 | 1,629 |
| Assets of discontinued operations (Note 2) | 4,109 | 63,853 |
| Total assets | 266,048 | 311,072 |
| Short-term borrowings (Note 11) | 22,072 | 12,776 |
| Short-term borrowings assumed by GE (Note 11) | 0 | 0 |
| Accounts payable, principally trade accounts | 15,926 | 13,826 |
| Progress collections and deferred income (Note 9) | 20,508 | 18,983 |
| Other GE current liabilities (Note 14) | 15,753 | 14,866 |
| Non-recourse borrowings of consolidated securitization entities (Note 11) | 1,655 | 1,875 |
| Long-term borrowings (Note 11) | 67,155 | 88,949 |
| Long-term borrowings assumed by GE (Note 11) | 0 | 0 |
| Operating lease liabilities (Note 7) | 3,162 | |
| Insurance liabilities and annuity benefits (Note 12) | 39,826 | 35,562 |
| Non-current compensation and benefits | 31,687 | 31,928 |
| All other liabilities (Note 14) | 16,583 | 20,839 |
| Liabilities of businesses held for sale (Note 2) | 1,658 | 708 |
| Liabilities of discontinued operations (Note 2) | 203 | 19,281 |
| Total liabilities | 236,187 | 259,591 |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2019 and December 31, 2018) | 6 | 6 |
| Common stock (8,738,434,000 and 8,702,227,000 shares outstanding at December 31, 2019 and December 31, 2018, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) net attributable to GE | (11,732) | (14,414) |
| Other capital | 34,405 | 35,504 |
| Retained earnings | 87,732 | 93,109 |
| Less common stock held in treasury | (82,797) | (83,925) |
| Total GE shareholders equity | 28,316 | 30,981 |
| Noncontrolling interests (Note 16) | 1,545 | 20,500 |
| Total equity | 29,861 | 51,481 [1] |
| Total liabilities and equity | 266,048 | 311,072 |
| Legal Entity | ||
| GE Capital | ||
| Cash, cash equivalents and restricted cash | 18,781 | 14,492 |
| Investment securities (Note 3) | 38,514 | 33,393 |
| Current receivables (Note 4) | 0 | 0 |
| Financing receivables net (Note 5) | 6,979 | 13,628 |
| Inventories (Note 6) | 0 | 0 |
| Other GE Capital receivables | 11,767 | 15,361 |
| Property, plant and equipment net (Note 7) | 29,649 | 29,510 |
| Operating lease assets (Note 7) | 237 | |
| Receivable from GE Capital | 0 | 0 |
| Investment in GE Capital | 0 | 0 |
| Goodwill (Note 8) | 839 | 904 |
| Other intangible assets net (Note 8) | 192 | 236 |
| Contract and other deferred assets (Note 9) | 0 | 0 |
| All other assets (Note 10) | 8,648 | 9,869 |
| Deferred income taxes (Note 15) | 1,700 | 1,936 |
| Assets of businesses held for sale (Note 2) | 241 | 0 |
| Assets of discontinued operations (Note 2) | 3,907 | 4,610 |
| Total assets | 121,454 | 123,939 |
| Short-term borrowings (Note 11) | 12,030 | 4,999 |
| Short-term borrowings assumed by GE (Note 11) | 2,104 | 2,684 |
| Accounts payable, principally trade accounts | 886 | 1,171 |
| Progress collections and deferred income (Note 9) | 0 | 0 |
| Other GE current liabilities (Note 14) | 0 | 0 |
| Non-recourse borrowings of consolidated securitization entities (Note 11) | 1,655 | 1,875 |
| Long-term borrowings (Note 11) | 26,175 | 36,154 |
| Long-term borrowings assumed by GE (Note 11) | 17,038 | 19,828 |
| Operating lease liabilities (Note 7) | 238 | |
| Insurance liabilities and annuity benefits (Note 12) | 40,232 | 35,994 |
| Non-current compensation and benefits | 472 | 459 |
| All other liabilities (Note 14) | 5,040 | 7,562 |
| Liabilities of businesses held for sale (Note 2) | 52 | 0 |
| Liabilities of discontinued operations (Note 2) | 97 | 1,800 |
| Total liabilities | 106,016 | 112,527 |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2019 and December 31, 2018) | 6 | 6 |
| Common stock (8,738,434,000 and 8,702,227,000 shares outstanding at December 31, 2019 and December 31, 2018, respectively) | 0 | 0 |
| Accumulated other comprehensive income (loss) net attributable to GE | (852) | (783) |
| Other capital | 17,001 | 12,883 |
| Retained earnings | (857) | (694) |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareholders equity | 15,299 | 11,412 |
| Noncontrolling interests (Note 16) | 139 | 1 |
| Total equity | 15,438 | 11,412 |
| Total liabilities and equity | 121,454 | 123,939 |
| Consolidated Entities | ||
| GE | ||
| Cash, cash equivalents and restricted cash | 17,613 | 16,632 |
| Investment securities (Note 3) | 10,008 | 187 |
| Current receivables (Note 4) | 13,883 | 10,262 |
| Financing receivables net (Note 5) | 0 | 0 |
| Inventories (Note 6) | 14,104 | 13,803 |
| Other GE Capital receivables | 0 | 0 |
| Property, plant and equipment net (Note 7) | 14,370 | 14,828 |
| Operating lease assets (Note 7) | 3,077 | |
| Receivable from GE Capital | 19,142 | 22,513 |
| Investment in GE Capital | 15,299 | 11,412 |
| Goodwill (Note 8) | 25,895 | 33,070 |
| Other intangible assets net (Note 8) | 10,461 | 11,942 |
| Contract and other deferred assets (Note 9) | 16,833 | 17,431 |
| All other assets (Note 10) | 8,399 | 8,578 |
| Deferred income taxes (Note 15) | 8,189 | 10,176 |
| Assets of businesses held for sale (Note 2) | 8,626 | 1,524 |
| Assets of discontinued operations (Note 2) | 202 | 59,169 [2] |
| Total assets | 186,100 | 231,526 |
| Short-term borrowings (Note 11) | 5,606 | 5,147 |
| Short-term borrowings assumed by GE (Note 11) | 5,473 | 4,207 |
| Accounts payable, principally trade accounts | 17,702 | 17,579 |
| Progress collections and deferred income (Note 9) | 20,694 | 19,239 |
| Other GE current liabilities (Note 14) | 16,833 | 16,444 |
| Non-recourse borrowings of consolidated securitization entities (Note 11) | 0 | 0 |
| Long-term borrowings (Note 11) | 15,085 | 20,804 |
| Long-term borrowings assumed by GE (Note 11) | 25,895 | 32,054 |
| Operating lease liabilities (Note 7) | 3,369 | |
| Insurance liabilities and annuity benefits (Note 12) | 0 | 0 |
| Non-current compensation and benefits | 31,208 | 31,461 |
| All other liabilities (Note 14) | 12,787 | 14,881 |
| Liabilities of businesses held for sale (Note 2) | 1,620 | 748 |
| Liabilities of discontinued operations (Note 2) | 106 | 17,481 |
| Total liabilities | 156,379 | 180,045 |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2019 and December 31, 2018) | 6 | 6 |
| Common stock (8,738,434,000 and 8,702,227,000 shares outstanding at December 31, 2019 and December 31, 2018, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) net attributable to GE | (11,732) | (14,414) |
| Other capital | 34,405 | 35,504 |
| Retained earnings | 87,732 | 93,109 |
| Less common stock held in treasury | (82,797) | (83,925) |
| Total GE shareholders equity | 28,316 | 30,981 |
| Noncontrolling interests (Note 16) | 1,406 | 20,499 |
| Total equity | 29,721 | 51,480 |
| Total liabilities and equity | 186,100 | 231,526 |
| [1] Total equity balance decreased by $(43,638) million from December 31, 2017, primarily due to non-cash after-tax goodwill impairment charge of $(22,371) million in 2018, reduction of noncontrolling interest balance of $(15,836) million attributable to Baker Hughes Class A shareholders at December 31, 2017 and after-tax loss of $(8,238) million in discontinued operations due to deconsolidation of Baker Hughes in 2019, partially offset by after-tax gain of $2,508 million in discontinued operations due to spin- | ||
| [2] Represents the adding together of all GE Industrial affiliates and GE Capital continuing operations on a one-line basis. See Note 1. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2019 | |
| 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 |