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

Notes to Consolidated Financial StatementsNote 11: GE Current Receivables

 
 
 
December 31 (In millions) 2006 2005
Infrastructure  
$ 6,524
   
$ 6,827
 
NBC Universal   3,070     3,633  
Healthcare   2,897     2,947  
Industrial   1,950     2,255  
Corporate items and eliminations   329     154  
    14,770     15,816  
Less allowance for losses   (492 )   (758 )
Total  
$ 14,278
   
$ 15,058
 
 

Receivables balances at December 31, 2006 and 2005, before allowance for losses, included $9,064 million and $10,250 million, respectively, from sales of goods and services to customers, and $208 million and $246 million at December 31, 2006 and 2005, respectively, from transactions with associated companies.

Current receivables of $248 million and $563 million at December 31, 2006 and 2005, respectively, arose from sales, principally of Aviation goods and services on open account to various agencies of the U.S. government, our largest single customer. About 4% of our sales of goods and services were to the U.S. government in 2006, 2005 and 2004.

Back to top