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Audited Financial Statements Statement of Financial Position

Sort by: 2006 | 2005 | General Electric Company and consolidated affiliates | GE | GECS

 
 
 
  General Electric Company
and consolidated affiliates
At December 31 (In millions, except share amounts) 2006 2005
ASSETS            
Cash and equivalents  
$ 14,275
   
$ 8,825
 
Investment securities (note 10)   47,826     42,148  
Current receivables (note 11)   13,954     14,851  
Inventories (note 12)   11,401     10,474  
Financing receivables — net (notes 13 and 14)   334,205     287,639  
Other GECS receivables   17,067     14,332  
Property, plant and equipment — net (note 15)   74,966     67,528  
Investment in GECS   —     —  
Intangible assets — net (note 16)   86,433     81,630  
All other assets (note 17)   97,112     84,828  
Assets of discontinued operations (note 2)   —     61,066  
Total assets  
$ 697,239
   
$ 673,321
 
LIABILITIES AND EQUITY            
Short-term borrowings (note 18)  
$ 172,153
   
$ 158,156
 
Accounts payable, principally trade accounts   21,697     21,183  
Progress collections and price adjustments accrued   5,248     4,456  
Dividends payable   2,878     2,623  
Other GE current liabilities   18,538     18,552  
Long-term borrowings (note 18)   260,804     212,281  
Investment contracts, insurance liabilities and insurance annuity benefits (note 19)   34,499     33,097  
All other liabilities (note 20)   46,884     39,833  
Deferred income taxes (note 21)   14,171     16,208  
Liabilities of discontinued operations (note 2)   475     49,527  
Total liabilities   577,347     555,916  
Minority interest in equity of consolidated affiliates (note 22)   7,578     8,054  
Common stock (10,277,373,000 and 10,484,268,000 shares outstanding at year-end 2006 and 2005, respectively)   669     669  
Accumulated gains (losses) — net            
Investment securities   1,608     1,831  
Currency translation adjustments   6,181     2,532  
Cash flow hedges   (129 )   (352 )
Benefit plans   (4,406 )   (874 )
Other capital   25,486     25,227  
Retained earnings   107,798     97,644  
Less common stock held in treasury   (24,893 )   (17,326 )
Total shareowners’ equity (notes 23 and 24)   112,314     109,351  
Total liabilities and equity  
$ 697,239
   
$ 673,321
 
  The sum of accumulated gains (losses) on investment securities, currency translation adjustments, cash flow hedges and benefit plans constitutes “Accumulated nonowner changes other than earnings,” as shown in note 23, and was $3,254 million and $3,137 million at December 31, 2006 and 2005, respectively.
  The notes to consolidated financial statements are an integral part of this statement.
  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.

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