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Audited Financial Statements Statement of Financial Position

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

 
 
 
 
  2005
At December 31 (In millions, except share amounts) General Electric Company and consolidated affiliates GE GECS
ASSETS                  
Cash and equivalents  
$ 8,825
   
$ 2,015
   
$ 7,130
 
Investment securities (note 10)   42,148     461     41,710  
Current receivables (note 11)   14,851     15,058     —  
Inventories (note 12)   10,474     10,315     159  
Financing receivables — net (notes 13 and 14)   287,639     —     287,639  
Other GECS receivables   14,332     —     18,625  
Property, plant and equipment — net (note 15)   67,528     16,504     51,024  
Investment in GECS   —     50,812     —  
Intangible assets — net (note 16)   81,630     57,839     23,791  
All other assets (note 17)   84,828     36,752     49,440  
Assets of discontinued operations (note 2)   61,066     —     61,066  
Total assets  
$ 673,321
   
$ 189,756
   
$ 540,584
 
LIABILITIES AND EQUITY    
Short-term borrowings (note 18)  
$ 158,156
   
$ 1,127
   
$ 157,672
 
Accounts payable, principally trade accounts   21,183     11,870     13,043  
Progress collections and price adjustments accrued   4,456     4,456     —  
Dividends payable   2,623     2,623     —  
Other GE liabilities   18,552     18,569     —  
Long-term borrowings (note 18)   212,281     9,081     204,397  
Investment contracts, insurance liabilities and insurance annuity benefits (note 19)   33,097     —     33,387  
All other liabilities (note 20)   39,833     23,140     16,787  
Deferred income taxes (note 21)   16,208     3,733     12,475  
Liabilities of discontinued operations (note 2)   49,527     —     49,763  
Total liabilities   555,916     74,599     487,524  
Minority interest in equity of consolidated affiliates (note 22)   8,054     5,806     2,248  
Common stock (10,277,373,000 and 10,484,268,000 shares outstanding at year-end 2006 and 2005, respectively)   669     669     1  
Accumulated gains (losses) — net                  
Investment securities   1,831     1,831     1,754  
Currency translation adjustments   2,532     2,532     2,287  
Cash flow hedges   (352 )   (352 )   (343 )
Benefit plans   (874 )   (874 )   (179 )
Other capital   25,227     25,227     12,386  
Retained earnings   97,644     97,644     34,906  
Less common stock held in treasury   (17,326 )   (17,326 )   —  
Total shareowners’ equity (notes 23 and 24)   109,351     109,351     50,812  
Total liabilities and equity  
$ 673,321
   
$ 189,756
   
$ 540,584
 
  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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