General Electric Company (GE) Financial Statements (2024 and earlier)

Company Profile

Business Address ONE FINANCIAL CENTER
BOSTON, MA 02111
State of Incorp. NY
Fiscal Year End December 31
Industry (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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments10,88512,8147,6096,2976,74510,779
Short-term investments10,88512,8147,6096,2976,74510,779
Receivables14,76714,21217,97617,19716,28316,050
Inventory, net of allowances, customer advances and progress billings16,78916,19817,40317,53617,55316,570
Inventory16,78916,19817,40317,53617,55316,570
Contract with customer, asset, after allowance for credit loss2,0372,2443,0883,7014,2414,246
Debt securities, available-for-sale, accrued interest, after allowance for credit loss464490457   
Disposal group, including discontinued operation1,3311,3531,374696767747
Other current assets1,6381,4641,5212,0591,8792,065
Other undisclosed current assets12,30211,51116,80612,59613,19012,842
Total current assets:60,21360,28666,23460,08260,65863,299
Noncurrent Assets
Operating lease, right-of-use asset1,9321,8532,1372,2822,3902,440
Nontrade receivables251236 255232272
Property, plant and equipment10,44110,317 12,01312,40012,596
Long-term investments and receivables37,75838,67536,04834,41737,05940,665
Long-term investments37,39238,26236,04833,62436,19539,845
Accounts and financing receivable, after allowance for credit loss366413 793864820
Intangible assets, net (including goodwill)19,29919,09733,42333,00033,81634,337
Goodwill13,34513,10725,79825,27525,79026,047
Intangible assets, net (excluding goodwill)5,9545,9907,6257,7258,0268,290
Restricted cash and investments741687 476603795
Disposal group, including discontinued operation, noncurrent assets1,7612,7932,8922,9853,1992,935
Deferred income tax assets10,35410,34411,70511,50410,95610,583
Other noncurrent assets16,17215,88816,99819,16619,73719,767
Other undisclosed noncurrent assets4,0844,29618,3514,6974,4904,272
Total noncurrent assets:102,793104,186121,554120,795124,882128,662
TOTAL ASSETS:163,006164,472187,788180,877185,540191,961
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities11,01910,50012,479   
Accounts payable10,53810,04912,479   
Accrued liabilities481451    
Deferred revenue17,14216,58618,11816,44516,36016,206
Debt1,8822,2623,7574,2854,9474,985
Disposal group, including discontinued operation1,9491,9531,9441,5031,6381,732
Other liabilities11,62012,31314,48515,09413,90914,216
Other undisclosed current liabilities4,4964,5636,16417,33017,02916,205
Total current liabilities:48,10848,17756,94754,65753,88353,344
Noncurrent Liabilities
Long-term debt and lease obligation, including:19,90020,15928,59326,12127,57128,649
Other undisclosed long-term debt and lease obligation19,90020,15928,59323,61724,94925,970
Liabilities, other than long-term debt26,05426,31531,31833,91334,59136,059
Deferred revenue1,3841,5002,0061,8421,9161,953
Deferred compensation liability, classified9,94110,24416,02119,20119,75820,636
Disposal group, including discontinued operation, liabilities1,5651,5511,1371,1031,032993
Other liabilities11,06710,93712,15411,76711,88512,477
Operating lease, liability2,0972,083 2,5042,6222,679
Other undisclosed noncurrent liabilities36,57636,99833,34833,43333,55233,626
Total noncurrent liabilities:82,53083,47293,25993,46795,71498,334
Total liabilities:130,638131,649150,206148,124149,597151,678
Temporary equity, carrying amount   132   
Equity
Equity, attributable to parent, including:31,19431,65236,36631,47534,64939,005
Preferred stock 336666
Common stock151515151515
Treasury stock, value(80,524)(80,762)(81,209)(81,049)(80,883)(80,673)
Additional paid in capital30,42630,72934,17334,25434,38234,391
Accumulated other comprehensive income (loss)(3,573)(3,289)(1,311)(4,405)(1,852)1,341
Retained earnings84,84884,95584,69382,65582,98183,927
Other undisclosed equity, attributable to parent(1)1(1)(1) (2)
Equity, attributable to noncontrolling interest1,1741,1711,2161,2781,2931,278
Total equity:32,36832,82337,58232,75335,94240,283
Other undisclosed liabilities and equity   (132) 1 
TOTAL LIABILITIES AND EQUITY:163,006164,472187,788180,877185,540191,961

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues16,69914,48621,78619,08418,64617,040
Cost of revenue(12,884)(11,149)(19,399)(15,338)(13,824)(12,217)
Gross profit:3,8153,3372,3873,7464,8224,823
Operating expenses(3,117)(2,926)(2,323)(3,996)(3,856)(5,421)
Operating income (loss):69841164(250)966(598)
Nonoperating income (expense)6926,0812,172195(1,210)73
Investment income, nonoperating24622024618278(68)
Other undisclosed loss from continuing operations before equity method investments, income taxes   (465)   
Income (loss) from continuing operations before equity method investments, income taxes:1,3906,4921,771(55)(244)(525)
Other undisclosed income from continuing operations before income taxes   466   
Income (loss) from continuing operations before income taxes:1,3906,4922,237(55)(244)(525)
Income tax expense (benefit)(333)(271)65(21)(317)(204)
Other undisclosed income (loss) from continuing operations1     
Income (loss) from continuing operations:1,0586,2212,302(76)(561)(729)
Loss before gain (loss) on sale of properties:(161)(771)(1,015)
Income (loss) from discontinued operations(1,019)1,257(64)(85)(210)(286)
Other undisclosed net income   1 1
Net income (loss):397,4782,238(160)(771)(1,014)
Net income (loss) attributable to noncontrolling interest(4)27(16)(4)(19)(28)
Other undisclosed net income (loss) attributable to parent 1 (1)  
Net income (loss) attributable to parent:357,5062,222(165)(790)(1,042)
Preferred stock dividends and other adjustments(58)(145)(97)(73)(67)(52)
Other undisclosed net income (loss) available to common stockholders, basic (1)    
Net income (loss) available to common stockholders, basic:(23)7,3602,125(238)(857)(1,094)
Other undisclosed net income (loss) available to common stockholders, diluted  (6)14  
Net income (loss) available to common stockholders, diluted:(23)7,3542,126(234)(857)(1,094)

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):397,4782,238(160)(771)(1,014)
Other undisclosed comprehensive income (loss)(286)(1,020)3,095(2,557)(3,187)(243)
Comprehensive income (loss):(247)6,4585,333(2,717)(3,958)(1,257)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(3)30(17) (25)(26)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 11 (1)  
Comprehensive income (loss), net of tax, attributable to parent:(249)6,4895,316(2,718)(3,983)(1,283)

Statements Sources

The financial statements are based on the Company's filings with 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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: