Invest and Deliver - GE 2006 Annual Report Letter to InvestorsInvest and DeliverGovernanceCitizenshipFinancials
Downloads Downloads Glossary Glossary
search

Audited Financial Statements Statement of Financial Position

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

 
 
 
 
  2006
At December 31 (In millions, except share amounts) General Electric Company and consolidated affiliates GE GECS
ASSETS                  
Cash and equivalents  
$ 14,275
   
$ 4,480
   
$ 12,629
 
Investment securities (note 10)   47,826     342     47,492  
Current receivables (note 11)   13,954     14,278     —  
Inventories (note 12)   11,401     11,347     54  
Financing receivables — net (notes 13 and 14)   334,205     —     334,232  
Other GECS receivables   17,067     —     21,853  
Property, plant and equipment — net (note 15)   74,966     16,738     58,228  
Investment in GECS   —     54,097     —  
Intangible assets — net (note 16)   86,433     60,465     25,968  
All other assets (note 17)   97,112     34,078     64,212  
Assets of discontinued operations (note 2)   —     —     —  
Total assets  
$ 697,239
   
$ 195,825
   
$ 564,668
 
LIABILITIES AND EQUITY                  
Short-term borrowings (note 18)  
$ 172,153
   
$ 2,212
   
$ 173,316
 
Accounts payable, principally trade accounts   21,697     11,913     13,923  
Progress collections and price adjustments accrued   5,248     5,248     —  
Dividends payable   2,878     2,878     —  
Other GE current liabilities   18,538     18,538     —  
Long-term borrowings (note 18)   260,804     9,085     252,963  
Investment contracts, insurance liabilities and insurance annuity benefits (note 19)   34,499     —     34,807  
All other liabilities (note 20)   46,884     26,060     20,935  
Deferred income taxes (note 21)   14,171     1,954     12,217  
Liabilities of discontinued operations (note 2)   475     —     455  
Total liabilities   577,347     77,888     508,616  
Minority interest in equity of consolidated affiliates (note 22)   7,578     5,623     1,955  
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   1,608     1,608     1,594  
Currency translation adjustments   6,181     6,181     4,837  
Cash flow hedges   (129 )   (129 )   (171 )
Benefit plans   (4,406 )   (4,406 )   (278 )
Other capital   25,486     25,486     12,537  
Retained earnings   107,798     107,798     35,577  
Less common stock held in treasury   (24,893 )   (24,893 )   —  
Total shareowners’ equity (notes 23 and 24)   112,314     112,314     54,097  
Total liabilities and equity  
$ 697,239
   
$ 195,825
   
$ 564,668
 
  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.

Back to top