General Electric Company (GE) financial statements (2021 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)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q3
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2185,3186,4655,24510,0259,4761,761
Short-term investments2185,3186,4655,24510,0259,4761,761
Receivables17,95617,30216,04127,42727,04726,72630,191
Inventory, net of allowances, customer advances and progress billings15,89014,92515,25115,45714,10415,20319,971
Inventory15,89014,92515,25115,45714,10415,20319,971
Contract with customer, asset5,764      
Other current assets1,522      
Other undisclosed current assets47,062      
Total current assets:88,41237,54537,75748,12951,17651,40551,923
Noncurrent Assets
Operating lease, right-of-use asset 2,6192,6832,8132,8962,9703,860
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases777   997  
Property, plant and equipment44,66242,21142,82143,16643,29042,88649,943
Long-term investments and receivables8,4952,0581,9602,0632,2822,6162,851
Long-term investments6,724      
Accounts and financing receivable, after allowance for credit loss1,7712,0581,9602,0632,2822,6162,851
Intangible assets, net (including goodwill)35,29835,18735,11936,97937,38737,43268,925
Goodwill25,52425,27824,95126,59826,73426,66652,272
Intangible assets, net (excluding goodwill)9,7749,90910,16810,38110,65310,76616,653
Derivative instruments and hedges5,888   16,801  
Disposal group, including discontinued operation, noncurrent assets3,532      
Deferred income tax assets12,08111,36710,66510,4579,8899,57011,894
Other noncurrent assets14,597      
Other undisclosed noncurrent assets39,710      
Total noncurrent assets:165,04093,44293,24895,478113,54295,474137,473
Other undisclosed assets 123,328125,482118,414101,330116,130122,713
TOTAL ASSETS:253,452254,315256,487262,021266,048263,009312,109
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 30,18430,00431,50215,92628,16833,756
Accounts payable 13,94113,46915,21215,92614,49317,036
Accrued liabilities 16,24316,53516,290 13,67516,720
Deferred revenue18,215      
Debt4,7785,9779,05918,12222,07217,04615,620
Due to related parties3,0332,6564,1953,1183,1403,8423,376
Other liabilities16,600   15,753  
Other undisclosed current liabilities13,443      
Total current liabilities:56,06938,81743,25852,74256,89149,05652,752
Noncurrent Liabilities
Long-term debt and lease obligation, including:70,288  66,38867,15574,70188,735
Other undisclosed long-term debt and lease obligation70,288  66,38867,15574,70188,735
Liabilities, other than long-term debt64,61048,33548,34145,49465,30848,44951,546
Deferred revenue1,801      
Deferred compensation liability, classified29,75230,80930,90631,10431,68731,19432,653
Due to related parties16,78017,52617,43514,39017,03817,25518,893
Disposal group, including discontinued operation, liabilities200      
Other liabilities16,077   16,583  
Other undisclosed noncurrent liabilities25,411      
Total noncurrent liabilities:160,30948,33548,341111,882132,463123,150140,281
Other undisclosed liabilities 132,370129,63460,53846,83361,65062,947
Total liabilities:216,378219,522221,233225,162236,187233,856255,980
Temporary equity, carrying amount487498474470439408408
Stockholders' equity
Stockholders' equity attributable to parent35,55233,26933,67435,28428,31627,93535,816
Preferred stock6666666
Common stock702702702702702702702
Treasury stock, value(81,961)(82,125)(82,320)(82,516)(82,797)(82,940)(83,137)
Additional paid in capital34,30734,27934,29234,29634,40534,31534,324
Accumulated other comprehensive loss(9,749)(9,498)(10,194)(10,819)(11,732)(11,361)(12,852)
Retained earnings92,24789,90591,18893,61587,73287,21396,773
Stockholders' equity attributable to noncontrolling interest1,5221,5241,5791,5751,5451,21920,312
Other undisclosed stockholders' equity(1) 1  (1)1
Total stockholders' equity:37,07334,79335,25436,85929,86129,15356,129
Other undisclosed liabilities and equity(486)(498)(474)(470)(439)(408)(408)
TOTAL LIABILITIES AND EQUITY:253,452254,315256,487262,021266,048263,009312,109

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

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q3
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Revenues21,92919,41717,75020,52426,23823,36028,831
Other income (517)2,0786,869   
Cost of revenue(16,287)(17,250)(17,241)(29,776)(21,337)(20,139)(23,548)
Cost of goods and services sold(14,367)(15,275)(15,083)(15,695)(19,080)(17,328)(21,817)
Gross profit:5,6422,167509(9,252)4,9013,2215,283
Operating expenses(5,877)(3,311)(4,925)8,858(4,382)(4,628)(5,549)
Operating income (loss):(235)(1,144)(4,416)(394)519(1,407)(266)
Nonoperating income (expense)2,957(517)2,0786,8691,052158(8)
Income (loss) from continuing operations before equity method investments, income taxes:2,722(1,661)(2,338)6,4751,571(1,249)(274)
Other undisclosed income (loss) from continuing operations before income taxes(1)1(1)    
Income (loss) from continuing operations before income taxes:2,721(1,660)(2,339)6,4751,571(1,249)(274)
Income tax expense (benefit)(163)501199(63)(727)(41)148
Other undisclosed income (loss) from continuing operations1(1)1    
Income (loss) from continuing operations:2,559(1,160)(2,139)6,412844(1,290)(126)
Income (loss) from discontinued operations81(35)7(178)(123)(8,093)231
Income (loss) before gain (loss) on sale of properties:2,640(1,195)(2,132)6,234721(9,383)105
Other undisclosed net income (loss)(1)  (1)1 (1)
Net income (loss):2,639(1,195)(2,132)6,233722(9,383)104
Net income (loss) attributable to noncontrolling interest(3)51145(34)7(40)23
Other undisclosed net loss attributable to parent    (1)  
Net income (loss) attributable to parent:2,636(1,144)(1,987)6,199728(9,423)127
Preferred stock dividends and other adjustments(194)(46)(192)(43)(190)(42)(188)
Other undisclosed net income available to common stockholders, basic1      
Net income (loss) available to common stockholders, basic:2,443(1,190)(2,179)6,156538(9,465)(61)
Other undisclosed net loss available to common stockholders, diluted(16)(6)(135)(16)(1)  
Net income (loss) available to common stockholders, diluted:2,427(1,196)(2,314)6,140537(9,465)(61)

Comprehensive Income ($ in millions)

12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
3/31/2020
Q3
12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
Net income (loss):2,639(1,195)(2,132)6,233722(9,383)104
Other comprehensive income (loss)(252)695627918(369)1,433547
Other undisclosed comprehensive income (loss)21 1(1)  
Comprehensive income (loss):2,389(499)(1,505)7,152352(7,950)651
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(2)50143(39)419109
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1)   1  
Comprehensive income (loss), net of tax, attributable to parent:2,386(449)(1,362)7,113357(7,931)760

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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