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Audited Financial Statements Statement of Financial Position

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

 
 
 
  GE
At December 31 (In millions, except share amounts) 2006 2005
ASSETS            
Cash and equivalents  
$ 4,480
   
$ 2,015
 
Investment securities (note 10)   342     461  
Current receivables (note 11)   14,278     15,058  
Inventories (note 12)   11,347     10,315  
Financing receivables — net (notes 13 and 14)   —     —  
Other GECS receivables   —     —  
Property, plant and equipment — net (note 15)   16,738     16,504  
Investment in GECS   54,097     50,812  
Intangible assets — net (note 16)   60,465     57,839  
All other assets (note 17)   34,078     36,752  
Assets of discontinued operations (note 2)   —     —  
Total assets  
$ 195,825
   
$ 189,756
 
LIABILITIES AND EQUITY            
Short-term borrowings (note 18)  
$ 2,212
   
$ 1,127
 
Accounts payable, principally trade accounts   11,913     11,870  
Progress collections and price adjustments accrued   5,248     4,456  
Dividends payable   2,878     2,623  
Other GE current liabilities   18,538     18,569  
Long-term borrowings (note 18)   9,085     9,081  
Investment contracts, insurance liabilities and insurance annuity benefits (note 19)   —     —  
All other liabilities (note 20)   26,060     23,140  
Deferred income taxes (note 21)   1,954     3,733  
Liabilities of discontinued operations (note 2)   —     —  
Total liabilities   77,888     74,599  
Minority interest in equity of consolidated affiliates (note 22)   5,623     5,806  
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  
$ 195,825
   
$ 189,756
 
  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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