Sort by: 2004 | 2003 | General Electric Company and consolidated affiliates | GE | GECS
| GECS |
|---|
| At December 31 (In millions) | 2004 (Restated) |
2003 (Restated) |
||||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Cash and equivalents | $ | 12,367 | $ | 11,273 | ||
| Investment securities (note 9) | 135,152 | 128,889 | ||||
| Current receivables (note 10) | – | – | ||||
| Inventories (note 11) | 189 | 197 | ||||
| Financing receivables — net (notes 12 and 13) | 282,699 | 248,114 | ||||
| Insurance receivables — net (note 14) | 25,971 | 27,541 | ||||
| Other GECS receivables | 14,134 | 12,103 | ||||
| Property, plant and equipment — net (note 15) | 46,578 | 38,822 | ||||
| Investment in GECS | – | – | ||||
| Intangible assets — net (note 16) | 28,520 | 24,821 | ||||
| All other assets (note 17) | 72,894 | 63,111 | ||||
| Total assets | $ | 618,504 | $ | 554,871 | ||
LIABILITIES AND EQUITY |
||||||
| Short-term borrowings (note 18) | $ | 154,791 | $ | 155,439 | ||
| Accounts payable, principally trade accounts | 17,104 | 13,566 | ||||
| Progress collections and price adjustments accrued | – | – | ||||
| Dividends payable | – | – | ||||
| All other current costs and expenses accrued | – | – | ||||
| Long-term borrowings (note 18) | 206,008 | 164,502 | ||||
| Insurance liabilities, reserves and annuity benefits (note 19) | 140,902 | 136,428 | ||||
| All other liabilities (note 20) | 25,572 | 23,033 | ||||
| Deferred income taxes (note 21) | 11,153 | 11,029 | ||||
| Total liabilities | 555,530 | 503,997 | ||||
| Minority interest in equity of consolidated affiliates (note 22) | 8,682 | 5,115 | ||||
| Common stock (10,586,358,000 and 10,063,120,000 shares outstanding at year-end 2004 and 2003, respectively) | 1 | 1 | ||||
| Accumulated gains (losses) — net | ||||||
| Investment securities | 2,345 | 1,864 | ||||
| Currency translation adjustments | 5,104 | 2,566 | ||||
| Cash flow hedges | (1,354 | ) | (1,593 | ) | ||
| Minimum pension liabilities | (150 | ) | (41 | ) | ||
| Other capital | 12,370 | 12,268 | ||||
| Retained earnings | 35,976 | 30,694 | ||||
| Less common stock held in treasury | – | – | ||||
| Total shareowners’ equity (notes 24 and 25) | 54,292 | 45,759 | ||||
| Total liabilities and equity | $ | 618,504 | $ | 554,871 | ||
| In the consolidating data on this page, “GE” means the basis of consolidation as described in note 1 to the consolidated financial statements; “GECS” means General Electric Capital Services, Inc. and all of its affiliates and associated companies. Transactions between GE and GECS have been eliminated from the “General Electric Company and consolidated affiliates” columns on page 59. |
| The sum of accumulated gains (losses) on investment securities, currency translation adjustments, cash flow hedges and minimum pension liabilities constitutes “Accumulated nonowner changes other than earnings,” as shown in note 24, and was $7,238 million and $2,876 million at year-end 2004 and 2003, respectively. |
| The notes to consolidated financial statements on pages 64-125 are an integral part of this statement. |
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