Statement of Financial Position
| General Electric Company and consolidated affiliates | GE | GECS | ||||
|---|---|---|---|---|---|---|
| At December 31 (In millions, except share amounts) | 2007 | 2006 | 2007 | 2006 | 2007 | 2006 |
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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 22, and was $8,324 million and $3,254 million at December 31, 2007 and 2006, respectively.
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| ASSETS | ||||||
| Cash and equivalents | $ 15,747 | $ 14,099 | $ 6,702 | $ 4,480 | $ 9,455 | $ 12,452 |
| Investment securities (note 9) | 45,428 | 47,806 | 343 | 342 | 45,093 | 47,472 |
| Current receivables (note 10) | 22,259 | 19,617 | 15,093 | 13,766 | — | — |
| Inventories (note 11) | 12,897 | 10,032 | 12,834 | 9,978 | 63 | 54 |
| Financing receivables — net (notes 12 and 13) | 377,660 | 321,736 | — | — | 385,604 | 328,589 |
| Other GECS receivables | 16,527 | 16,903 | — | — | 22,091 | 21,690 |
| Property, plant and equipment — net (note 14) | 77,895 | 70,650 | 14,142 | 12,675 | 63,753 | 57,975 |
| Investment in GECS | — | — | 57,676 | 54,097 | — | — |
| Goodwill (note 15) | 81,116 | 71,399 | 55,689 | 48,645 | 25,427 | 22,754 |
| Other intangible assets — net (note 15) | 16,178 | 12,915 | 11,633 | 9,739 | 4,545 | 3,176 |
| All other assets (note 16) | 122,861 | 91,651 | 40,608 | 33,442 | 83,405 | 59,387 |
| Assets of discontinued operations (note 2) | 6,769 | 19,875 | 66 | 8,756 | 6,703 | 11,119 |
| Total assets | $ 795,337 | $ 696,683 | $ 214,786 | $ 195,920 | $ 646,139 | $ 564,668 |
| LIABILITIES AND EQUITY | ||||||
| Short-term borrowings (note 17) | $ 195,101 | $ 172,013 | $ 4,106 | $ 2,076 | $ 192,421 | $ 173,313 |
| Accounts payable, principally trade accounts | 21,398 | 20,632 | 11,120 | 10,969 | 14,774 | 13,803 |
| Progress collections and price adjustments accrued | 9,885 | 4,597 | 10,374 | 5,248 | — | — |
| Dividends payable | 3,100 | 2,878 | 3,100 | 2,878 | — | — |
| Other GE current liabilities | 16,629 | 17,944 | 16,629 | 17,944 | — | — |
| Long-term borrowings (note 17) | 319,015 | 260,752 | 11,656 | 9,043 | 308,504 | 252,953 |
| Investment contracts, insurance liabilities and insurance annuity benefits (note 18) | 34,068 | 34,501 | — | — | 34,359 | 34,807 |
| All other liabilities (note 19) | 58,606 | 47,510 | 32,046 | 26,930 | 26,625 | 20,691 |
| Deferred income taxes (note 20) | 12,144 | 14,110 | 3,391 | 1,540 | 8,753 | 12,570 |
| Liabilities of discontinued operations (note 2) | 1,828 | 2,744 | 302 | 2,239 | 1,526 | 485 |
| Total liabilities | 671,774 | 577,681 | 92,724 | 78,867 | 586,962 | 508,622 |
| Minority interest in equity of consolidated affiliates (note 21) | 8,004 | 7,493 | 6,503 | 5,544 | 1,501 | 1,949 |
| Common stock (9,987,599,000 and 10,277,373,000 shares outstanding at year-end 2007 and 2006, respectively) | 669 | 669 | 669 | 669 | 1 | 1 |
| Accumulated gains (losses) — net | ||||||
| Investment securities | 124 | 1,608 | 124 | 1,608 | 110 | 1,594 |
| Currency translation adjustments | 10,708 | 6,181 | 10,708 | 6,181 | 7,472 | 4,837 |
| Cash flow hedges | (668) | (129) | (668) | (129) | (727) | (171) |
| Benefit plans | (1,840) | (4,406) | (1,840) | (4,406) | (105) | (278) |
| Other capital | 26,100 | 25,486 | 26,100 | 25,486 | 12,574 | 12,537 |
| Retained earnings | 117,362 | 106,993 | 117,362 | 106,993 | 38,351 | 35,577 |
| Less common stock held in treasury | (36,896) | (24,893) | (36,896) | (24,893) | — | — |
| Total shareowners’ equity (notes 22 and 23) | 115,559 | 111,509 | 115,559 | 111,509 | 57,676 | 54,097 |
| Total liabilities and equity | $ 795,337 | $ 696,683 | $ 214,786 | $ 195,920 | $ 646,139 | $ 564,668 |