General Electric Company (GE) financial statements (2022 and earlier)

Company profile

Business Address 5 NECCO STREET
BOSTON, MA 02210
State of Incorp. NY
Fiscal Year End December 31
SIC 36 - Electronic And Other Electrical Equipment And Components, Except Computer Equipment (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,29721810,02514643,397  
Cash and cash equivalents    43,299  
Short-term investments12,29721810,02514698  
Receivables15,62017,95627,04733,79141,07624,09027,039
Inventory, net of allowances, customer advances and progress billings15,84715,89014,10419,27121,92322,35422,515
Inventory15,84715,89014,10419,27121,92322,35422,515
Contract with customer, asset4,8815,764  
Deferred costs    1,097  
Disposal group, including discontinued operation    7521,42923,600
Other current assets1,9331,522     
Other undisclosed current assets15,77047,062     
Total current assets:66,34888,41251,17653,208108,24547,87373,154
Noncurrent Assets
Operating lease, right-of-use asset2,606 2,896
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases 777997
Property, plant and equipment 44,66243,29050,74953,87450,51854,095
Long-term investments and receivables42,2098,4952,282    
Long-term investments42,2096,724     
Accounts and financing receivable, after allowance for credit loss 1,7712,282    
Intangible assets, net (including goodwill)35,51235,29837,38777,773104,24186,87482,270
Goodwill26,18225,52426,73459,61483,96870,43865,526
Intangible assets, net (excluding goodwill)9,3309,77410,65318,15920,27316,43616,744
Derivative instruments and hedges 5,88816,80120,00028,86125,16221,156
Disposal group, including discontinued operation, noncurrent assets3,1773,532     
Deferred income tax assets10,85512,0819,889
Other noncurrent assets19,04014,597     
Other undisclosed noncurrent assets19,12739,710     
Total noncurrent assets:132,526165,040113,542148,522186,976162,554157,521
Other undisclosed assets  101,330107,39982,724154,756262,017
TOTAL ASSETS:198,874253,452266,048309,129377,945365,183492,692
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities  15,92633,59334,90234,10639,444
Accounts payable  15,92617,15315,15314,43513,680
Accrued liabilities   16,34518,69717,56423,597
Interest and dividends payable   951,0522,1072,167
Deferred revenue17,37218,215 
Debt4,3614,77822,07212,84924,03630,71449,892
Due to related parties 3,0333,1404,26210,114  
Other liabilities13,97716,60015,753    
Other undisclosed current liabilities16,24313,443     
Total current liabilities:51,95356,06956,89150,70469,05264,82089,336
Noncurrent Liabilities
Long-term debt and lease obligation, including:30,82470,28867,15595,234108,575105,080145,301
Other undisclosed long-term debt and lease obligation30,82470,28867,15595,234108,575105,080145,301
Liabilities, other than long-term debt37,31864,61065,30853,67573,70943,78040,487
Deferred revenue1,9891,801 
Deferred compensation liability, classified21,20229,75231,68733,78341,63043,78040,487
Due to related parties 16,78017,03819,89232,079  
Disposal group, including discontinued operation, liabilities887200     
Other liabilities13,24016,07716,583    
Other undisclosed noncurrent liabilities37,16725,411     
Total noncurrent liabilities:105,309160,309132,463148,909182,284148,860185,788
Other undisclosed liabilities  46,83357,65341,22570,988114,458
Total liabilities:157,262216,378236,187257,266292,561284,668389,582
Temporary equity, carrying amount1484874393823,3993,0252,972
Stockholders' equity
Stockholders' equity attributable to parent, including:40,31035,55228,31630,98164,26375,82898,274
Preferred stock6666666
Common stock15702702702702702702
Treasury stock, value(81,093)(81,961)(82,797)(83,925)(84,902)(83,038)(63,539)
Additional paid in capital34,69134,30734,40535,50437,17137,22437,613
Accumulated other comprehensive income (loss)1,582(9,749)(11,732) (14,396)(18,598)(16,529)
Retained earnings85,11092,24787,73293,109125,682139,532140,020
Other undisclosed stockholders' equity attributable to parent(1)  (14,415)  1
Stockholders' equity attributable to noncontrolling interest1,3021,5221,54520,50017,7231,6631,864
Other undisclosed stockholders' equity (1)     
Total stockholders' equity:41,61237,07329,86151,48181,98677,491100,138
Other undisclosed liabilities and equity(148)(486)(439) (1)(1) 
TOTAL LIABILITIES AND EQUITY:198,874253,452266,048309,129377,945365,183492,692

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues74,19679,61995,214121,615122,092123,693117,386
Revenue, net113,192110,391105,808
Cost of revenue(66,362)(68,522)(79,004)(97,679)(108,971)(95,304)(88,761)
Cost of goods and services sold (60,421)(70,029) (91,934)(87,483)(82,693)
Gross profit:7,83411,09716,21023,93613,12128,38928,625
Operating expenses(14,340)(17,287)(17,283)(46,329)(21,912)(19,359)(20,439)
Operating income (loss):(6,506)(6,190)(1,073)(22,393)(8,791)9,0308,186
Nonoperating income (expense)2,82311,3872,2222,259273(31)(64)
Investment income, nonoperating2,462146143 273(31)(64)
Interest and debt expense(6,524)      
Income (loss) from continuing operations before equity method investments, income taxes:(10,207)5,1971,149(20,134)(8,518)8,9998,122
Other undisclosed income (loss) from continuing operations before income taxes6,524   (273)3164
Income (loss) from continuing operations before income taxes:(3,683)5,1971,149(20,134)(8,791)9,0308,186
Income tax expense (benefit)286474(726)(583)3,043464(6,485)
Other undisclosed income (loss) from continuing operations11    (1)
Income (loss) from continuing operations:(3,396)5,672423(20,717)(5,748)9,4941,700
Loss from discontinued operations(3,195)(125)(5,335)(1,726)(309)(954)(7,495)
Income (loss) before gain (loss) on sale of properties:(6,591)5,547(4,912)(22,443)(6,057)8,540(5,795)
Other undisclosed net income (loss) (1)  1  
Net income (loss):(6,591)5,546(4,912)(22,443)(6,056)8,540(5,795)
Net income (loss) attributable to noncontrolling interest71158(66)89270291(332)
Other undisclosed net income (loss) attributable to parent  (1)(1)  1
Net income (loss) attributable to parent:(6,520)5,704(4,979)(22,355)(5,786)8,831(6,126)
Preferred stock dividends and other adjustments(237)(474)(460)(447)(436)(656)(18)
Other undisclosed net income (loss) available to common stockholders, basic     1(1)
Net income (loss) available to common stockholders, basic:(6,757)5,230(5,439)(22,802)(6,222)8,176(6,145)
Other undisclosed net income (loss) available to common stockholders, diluted(9)(164)(1)(7)(24)(24)10
Net income (loss) available to common stockholders, diluted:(6,766)5,066(5,440)(22,809)(6,246)8,152(6,135)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(6,591)5,546(4,912)(22,443)(6,056)8,540(5,795)
Other comprehensive income (loss) 1,9892,641(235)4,255(2,083)1,575
Other undisclosed comprehensive income (loss)11,3361(1)    
Comprehensive income (loss):4,7457,536(2,272)(22,678)(1,801)6,457(4,220)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest66152(26)314217305(263)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1) 1    
Comprehensive income (loss), net of tax, attributable to parent:4,8107,688(2,297)(22,364)(1,584)6,762(4,483)

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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