General Electric Company (GE) Financial Statements (2023 and Earlier)

Company Profile

Business Address 5 NECCO STREET
BOSTON, MA 02210
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)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments12,2975,3006,1342392185,3186,465
Short-term investments12,2975,3006,1342392185,3186,465
Receivables15,62015,14515,50615,68717,95617,30216,041
Inventory, net of allowances, customer advances and progress billings15,84716,79017,01616,53015,89014,92515,251
Inventory15,84716,79017,01616,53015,89014,92515,251
Contract with customer, asset4,8815,2385,4315,8215,764  
Disposal group, including discontinued operation 33,78233,18633,922   
Other current assets1,9331,1911,3151,3761,522  
Other undisclosed current assets15,77026,14123,82339,62347,062  
Total current assets:66,348103,587102,411113,19888,41237,54537,757
Noncurrent Assets
Operating lease, right-of-use asset2,6062,7202,7532,808 2,6192,683
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases    777  
Property, plant and equipment 13,15313,41613,48844,66242,21142,821
Long-term investments and receivables42,2092,6832,4902,1588,4952,0581,960
Long-term investments42,209465360 6,724  
Accounts and financing receivable, after allowance for credit loss 2,2182,1302,1581,7712,0581,960
Intangible assets, net (including goodwill)35,51234,52034,95134,71535,29835,18735,119
Goodwill26,18225,33325,49125,32025,52425,27824,951
Intangible assets, net (excluding goodwill)9,3309,1879,4609,3959,7749,90910,168
Derivative instruments and hedges    5,888  
Disposal group, including discontinued operation, noncurrent assets3,1772,8553,0573,0093,532  
Deferred income tax assets10,85514,46614,86414,23212,08111,36710,665
Other noncurrent assets19,04012,65112,64012,30814,597  
Other undisclosed noncurrent assets19,12750,49850,97749,24839,710  
Total noncurrent assets:132,526133,546135,148131,966165,04093,44293,248
Other undisclosed assets     123,328125,482
TOTAL ASSETS:198,874237,133237,559245,164253,452254,315256,487
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     30,18430,004
Accounts payable     13,94113,469
Accrued liabilities     16,24316,535
Deferred revenue17,37216,90917,20117,99318,215  
Debt4,3615,4594,2934,4684,7785,9779,059
Due to related parties 2,5621,6382,0613,0332,6564,195
Disposal group, including discontinued operation 4,7884,9224,991   
Other liabilities13,97714,34913,56914,13916,600  
Other undisclosed current liabilities16,24313,60915,01614,02913,443  
Total current liabilities:51,95357,67656,63957,68156,06938,81743,258
Noncurrent Liabilities
Long-term debt and lease obligation, including:30,82457,42959,23166,89070,288  
Operating lease, liability 3,0043,0513,143   
Other undisclosed long-term debt and lease obligation30,82454,42556,18063,74770,288  
Liabilities, other than long-term debt37,31857,83659,32962,45464,61048,33548,341
Deferred revenue1,9891,8391,7791,7481,801  
Deferred compensation liability, classified21,20228,41528,80529,10429,75230,80930,906
Due to related parties 12,58313,50016,57716,78017,52617,435
Disposal group, including discontinued operation, liabilities887  204200  
Other liabilities13,24014,99915,24514,82116,077  
Other undisclosed noncurrent liabilities37,16725,23127,31322,98625,411  
Total noncurrent liabilities:105,309140,496145,873152,330160,30948,33548,341
Other undisclosed liabilities     132,370129,634
Total liabilities:157,262198,172202,512210,011216,378219,522221,233
Temporary equity, carrying amount148171457451487498474
Stockholders' equity
Stockholders' equity attributable to parent, including:40,31037,47733,48733,58535,55233,26933,674
Preferred stock6666666
Common stock1515702702702702702
Treasury stock, value(81,093)(81,314)(81,425)(81,548)(81,961)(82,125)(82,320)
Additional paid in capital34,69134,75134,03234,04234,30734,27934,292
Accumulated other comprehensive income (loss)1,582(5,078)(7,820)(8,893)(9,749)(9,498)(10,194)
Retained earnings85,11089,09887,99389,27692,24789,90591,188
Other undisclosed stockholders' equity attributable to parent(1)(1)(1)    
Stockholders' equity attributable to noncontrolling interest1,3021,4841,5601,5681,5221,5241,579
Other undisclosed stockholders' equity    (1) 1
Total stockholders' equity:41,61238,96135,04735,15337,07334,79335,254
Other undisclosed liabilities and equity(148)(171)(457)(451)(486)(498)(474)
TOTAL LIABILITIES AND EQUITY:198,874237,133237,559245,164253,452254,315256,487

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

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Revenues20,37018,42918,27917,11821,92919,41717,750
Cost of revenue(20,883)(14,935)(16,523)(13,724)(16,287)(17,250)(17,241)
Cost of goods and services sold (13,401)(13,618)(12,538)(14,367)(15,275)(15,083)
Gross profit:(513)3,4941,7563,3945,6422,167509
Operating expenses(3,953)(3,402)(3,500)(3,782)(5,877)(3,311)(4,925)
Operating income (loss):(4,466)92(1,744)(388)(235)(1,144)(4,416)
Nonoperating income (expense)9994917066262,957(517)2,078
Interest and debt expense(3,658)(463)(1,416)    
Income (loss) from continuing operations before equity method investments, income taxes:(7,125)120(2,454)2382,722(1,661)(2,338)
Other undisclosed income (loss) from continuing operations before income taxes3,6584641,417 (1)1(1)
Income (loss) from continuing operations before income taxes:(3,467)584(1,037)2382,721(1,660)(2,339)
Income tax expense (benefit)(37)(2)466(142)(163)501199
Other undisclosed income (loss) from continuing operations1  11(1)1
Income (loss) from continuing operations:(3,503)582(571)972,559(1,160)(2,139)
Income (loss) from discontinued operations(339)602(564)(2,894)81(35)7
Income (loss) before gain (loss) on sale of properties:(3,842)1,184(1,135)(2,797)2,640(1,195)(2,132)
Other undisclosed net loss(1)  (1)(1)  
Net income (loss):(3,843)1,184(1,135)(2,798)2,639(1,195)(2,132)
Net income (loss) attributable to noncontrolling interest(1)733(5)(3)51145
Other undisclosed net income attributable to parent1 11   
Net income (loss) attributable to parent:(3,843)1,257(1,131)(2,802)2,636(1,144)(1,987)
Preferred stock dividends and other adjustments(57)(52)(57)(72)(194)(46)(192)
Other undisclosed net income available to common stockholders, basic    1  
Net income (loss) available to common stockholders, basic:(3,900)1,205(1,188)(2,874)2,443(1,190)(2,179)
Other undisclosed net loss available to common stockholders, diluted (10)(2) (16)(6)(135)
Net income (loss) available to common stockholders, diluted:(3,900)1,195(1,190)(2,874)2,427(1,196)(2,314)

Comprehensive Income ($ in millions)

12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
9/30/2020
Q3
6/30/2020
Q2
Net income (loss):(3,843)1,184(1,135)(2,798)2,639(1,195)(2,132)
Other comprehensive income (loss) (30)(5)859(252)695627
Other undisclosed comprehensive income6,6612,7761,076 21 
Comprehensive income (loss):2,8183,930(64)(1,939)2,389(499)(1,505)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(1)695(8)(2)50143
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(1) 1 (1)  
Comprehensive income (loss), net of tax, attributable to parent:2,8163,999(58)(1,947)2,386(449)(1,362)

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.

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