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: 2020 | ||
STATEMENT OF FINANCIAL POSITION | ||
Period Ending Dec 31, 2020 10-K (Filed: Feb 12, 2021) | ||
| (In Millions, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Cash, cash equivalents and restricted cash | $ 36,630 [1] | 35,811 |
| Investment securities (Note 3) | 7,319 | 9,888 |
| Current receivables (Note 4) | 16,691 | 16,568 |
| Financing receivables net (Note 5) | 1,265 | 1,077 |
| Inventories, including deferred inventory costs (Note 6) | 15,890 | 17,215 |
| Other GE Capital receivables | 3,331 | 2,635 |
| Receivable from GE Capital | 0 | 0 |
| Current contract assets (Note 9) | 5,764 | 7,390 |
| All other current assets (Note 10) | 1,522 | 3,362 |
| Assets of businesses held for sale (Note 2) | 0 | 9,149 |
| Current assets | 88,412 | 103,096 |
| Investment securities (Note 3) | 42,549 | 38,632 |
| Financing receivables net (Note 5) | 1,771 | 2,057 |
| Other GE Capital receivables | 4,661 | 4,509 |
| Property, plant and equipment net (Note 7) | 44,662 | 45,879 |
| Receivable from GE Capital | 0 | 0 |
| Goodwill (Note 8) | 25,524 | 26,734 |
| Other intangible assets net (Note 8) | 9,774 | 10,653 |
| Contract and other deferred assets (Note 9) | 5,888 | 5,737 |
| All other assets (Note 10) | 14,597 | 13,882 |
| Deferred income taxes (Note 15) | 12,081 | 9,889 |
| Assets of discontinued operations (Note 2) | 3,532 | 4,109 |
| Total assets | 253,452 | 265,177 |
| Short-term borrowings (Note 11) | 4,778 | 23,641 |
| Short-term borrowings assumed by GE (Note 11) | 0 | 0 |
| Accounts payable and equipment project accruals | 16,476 | 17,357 |
| Progress collections and deferred income | 18,215 | 18,389 |
| All other current liabilities (Note 14) | 16,600 | 17,821 |
| Liabilities of businesses held for sale (Note 2) | 0 | 1,658 |
| Current liabilities | 56,069 | 78,865 |
| Deferred income (Note 9) | 1,801 | 1,555 |
| Long-term borrowings (Note 11) | 70,288 | 67,241 |
| Long-term borrowings assumed by GE (Note 11) | 0 | 0 |
| Insurance liabilities and annuity benefits (Note 12) | 42,191 | 39,826 |
| Non-current compensation and benefits | 29,752 | 31,687 |
| All other liabilities (Note 14) | 16,077 | 15,938 |
| Liabilities of discontinued operations (Note 2) | 200 | 203 |
| Total liabilities | 216,378 | 235,316 |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2020 and December 31, 2019) | 6 | 6 |
| Common stock (8,765,493,000 and 8,738,434,000 shares outstanding at December 31, 2020 and December 31, 2019, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) net attributable to GE | (9,749) | (11,732) |
| Other capital | 34,307 | 34,405 |
| Retained earnings | 92,247 | 87,732 |
| Less common stock held in treasury | (81,961) | (82,797) |
| Total GE shareholders equity | 35,552 | 28,316 |
| Noncontrolling interests (Note 16) | 1,522 | 1,545 |
| Total equity | 37,073 | 29,861 |
| Total liabilities and equity | 253,452 | 265,177 |
| Legal Entity | ||
| GE Capital | ||
| Cash, cash equivalents and restricted cash | 13,421 | 18,198 |
| Investment securities (Note 3) | 0 | 0 |
| Current receivables (Note 4) | 0 | 0 |
| Financing receivables net (Note 5) | 5,110 | 4,922 |
| Inventories, including deferred inventory costs (Note 6) | 0 | 0 |
| Other GE Capital receivables | 5,069 | 6,881 |
| Receivable from GE Capital | 0 | 0 |
| Current contract assets (Note 9) | 0 | 0 |
| All other current assets (Note 10) | 1,021 | 2,936 |
| Assets of businesses held for sale (Note 2) | 0 | 241 |
| Current assets | 24,621 | 33,177 |
| Investment securities (Note 3) | 42,515 | 38,514 |
| Financing receivables net (Note 5) | 1,771 | 2,057 |
| Other GE Capital receivables | 5,076 | 4,886 |
| Property, plant and equipment net (Note 7) | 29,600 | 29,886 |
| Receivable from GE Capital | 0 | 0 |
| Goodwill (Note 8) | 0 | 839 |
| Other intangible assets net (Note 8) | 143 | 192 |
| Contract and other deferred assets (Note 9) | 0 | 0 |
| All other assets (Note 10) | 7,068 | 6,294 |
| Deferred income taxes (Note 15) | 2,731 | 1,700 |
| Assets of discontinued operations (Note 2) | 3,388 | 3,907 |
| Total assets | 116,914 | 121,454 |
| Short-term borrowings (Note 11) | 2,028 | 13,598 |
| Short-term borrowings assumed by GE (Note 11) | 2,432 | 2,104 |
| Accounts payable and equipment project accruals | 947 | 886 |
| Progress collections and deferred income | 0 | 0 |
| All other current liabilities (Note 14) | 3,890 | 4,052 |
| Liabilities of businesses held for sale (Note 2) | 0 | 52 |
| Current liabilities | 9,297 | 20,691 |
| Deferred income (Note 9) | 0 | 0 |
| Long-term borrowings (Note 11) | 30,902 | 26,261 |
| Long-term borrowings assumed by GE (Note 11) | 16,780 | 17,038 |
| Insurance liabilities and annuity benefits (Note 12) | 42,565 | 40,232 |
| Non-current compensation and benefits | 453 | 472 |
| All other liabilities (Note 14) | 1,151 | 1,226 |
| Liabilities of discontinued operations (Note 2) | 61 | 97 |
| Total liabilities | 101,210 | 106,016 |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2020 and December 31, 2019) | 6 | 6 |
| Common stock (8,765,493,000 and 8,738,434,000 shares outstanding at December 31, 2020 and December 31, 2019, respectively) | 0 | 0 |
| Accumulated other comprehensive income (loss) net attributable to GE | (804) | (852) |
| Other capital | 19,007 | 17,001 |
| Retained earnings | (2,663) | (857) |
| Less common stock held in treasury | 0 | 0 |
| Total GE shareholders equity | 15,545 | 15,299 |
| Noncontrolling interests (Note 16) | 159 | 139 |
| Total equity | 15,704 | 15,438 |
| Total liabilities and equity | 116,914 | 121,454 |
| Restricted cash subject to regulatory restrictions | 455 | 583 |
| Consolidated Entities | ||
| GE Industrial | ||
| Cash, cash equivalents and restricted cash | 23,209 | 17,613 |
| Investment securities (Note 3) | 7,319 | 9,888 |
| Current receivables (Note 4) | 13,442 | 13,682 |
| Financing receivables net (Note 5) | 0 | 0 |
| Inventories, including deferred inventory costs (Note 6) | 15,890 | 17,215 |
| Other GE Capital receivables | 0 | 0 |
| Receivable from GE Capital | 2,432 | 2,104 |
| Current contract assets (Note 9) | 5,764 | 7,390 |
| All other current assets (Note 10) | 835 | 852 |
| Assets of businesses held for sale (Note 2) | 0 | 8,626 |
| Current assets | 68,892 | 77,371 |
| Investment securities (Note 3) | 36 | 120 |
| Financing receivables net (Note 5) | 0 | 0 |
| Other GE Capital receivables | 0 | 0 |
| Property, plant and equipment net (Note 7) | 16,433 | 17,447 |
| Receivable from GE Capital | 16,780 | 17,038 |
| Goodwill (Note 8) | 25,524 | 25,895 |
| Other intangible assets net (Note 8) | 9,632 | 10,461 |
| Contract and other deferred assets (Note 9) | 5,921 | 5,769 |
| All other assets (Note 10) | 7,948 | 7,748 |
| Deferred income taxes (Note 15) | 9,350 | 8,189 |
| Assets of discontinued operations (Note 2) | 144 | 202 |
| Total assets | 160,658 | 170,238 |
| Short-term borrowings (Note 11) | 918 | 5,606 |
| Short-term borrowings assumed by GE (Note 11) | 2,432 | 5,473 |
| Accounts payable and equipment project accruals | 16,380 | 19,134 |
| Progress collections and deferred income | 18,371 | 18,575 |
| All other current liabilities (Note 14) | 14,131 | 15,251 |
| Liabilities of businesses held for sale (Note 2) | 0 | 1,620 |
| Current liabilities | 52,232 | 65,660 |
| Deferred income (Note 9) | 1,801 | 1,555 |
| Long-term borrowings (Note 11) | 19,428 | 15,085 |
| Long-term borrowings assumed by GE (Note 11) | 19,957 | 25,895 |
| Insurance liabilities and annuity benefits (Note 12) | 0 | 0 |
| Non-current compensation and benefits | 29,291 | 31,208 |
| All other liabilities (Note 14) | 16,440 | 16,306 |
| Liabilities of discontinued operations (Note 2) | 139 | 106 |
| Total liabilities | 139,289 | 155,815 |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2020 and December 31, 2019) | 6 | 6 |
| Common stock (8,765,493,000 and 8,738,434,000 shares outstanding at December 31, 2020 and December 31, 2019, respectively) | 702 | 702 |
| Accumulated other comprehensive income (loss) net attributable to GE | (8,945) | (10,881) |
| Other capital | 15,294 | 17,398 |
| Retained earnings | 94,910 | 88,589 |
| Less common stock held in treasury | (81,961) | (82,797) |
| Total GE shareholders equity | 20,006 | 13,017 |
| Noncontrolling interests (Note 16) | 1,363 | 1,406 |
| Total equity | 21,369 | 14,423 |
| Total liabilities and equity | 160,658 | 170,238 |
| [1] Excluded $455 million and $583 million at December 31, 2020 and 2019, respectively, in GE Capital insurance entities, which is subject to regulatory restrictions. This balance is included in All other assets. See Note 10 for further information. | ||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2020 | |
| 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 |