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

 
 
 
  GECS
At December 31 (In millions, except share amounts) 2006 2005
ASSETS            
Cash and equivalents  
$ 12,629
   
$ 7,130
 
Investment securities (note 10)   47,492     41,710  
Current receivables (note 11)   —     —  
Inventories (note 12)   54     159  
Financing receivables — net (notes 13 and 14)   334,232     287,639  
Other GECS receivables   21,853     18,625  
Property, plant and equipment — net (note 15)   58,228     51,024  
Investment in GECS   —     —  
Intangible assets — net (note 16)   25,968     23,791  
All other assets (note 17)   64,212     49,440  
Assets of discontinued operations (note 2)   —     61,066  
Total assets  
$ 564,668
   
$ 540,584
 
LIABILITIES AND EQUITY            
Short-term borrowings (note 18)  
$ 173,316
   
$ 157,672
 
Accounts payable, principally trade accounts   13,923     13,043  
Progress collections and price adjustments accrued   —     —  
Dividends payable   —     —  
Other GE current liabilities   —     —  
Long-term borrowings (note 18)   252,963     204,397  
Investment contracts, insurance liabilities and insurance annuity benefits (note 19)   34,807     33,387  
All other liabilities (note 20)   20,935     16,787  
Deferred income taxes (note 21)   12,217     12,475  
Liabilities of discontinued operations (note 2)   455     49,763  
Total liabilities   508,616     487,524  
Minority interest in equity of consolidated affiliates (note 22)   1,955     2,248  
Common stock (10,277,373,000 and 10,484,268,000 shares outstanding at year-end 2006 and 2005, respectively)   1     1  
Accumulated gains (losses) — net            
Investment securities   1,594     1,754  
Currency translation adjustments   4,837     2,287  
Cash flow hedges   (171 )   (343 )
Benefit plans   (278 )   (179 )
Other capital   12,537     12,386  
Retained earnings   35,577     34,906  
Less common stock held in treasury   —     —  
Total shareowners’ equity (notes 23 and 24)   54,097     50,812  
Total liabilities and equity  
$ 564,668
   
$ 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.

Back to top