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)Annual | Quarterly
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 | |||
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ASSETS | |||||||||
Current Assets | |||||||||
Cash, cash equivalents, and short-term investments | 10,885 | 12,814 | 7,609 | 6,297 | 6,745 | 10,779 | |||
Short-term investments | 10,885 | 12,814 | 7,609 | 6,297 | 6,745 | 10,779 | |||
Receivables | 14,767 | 14,212 | 17,976 | 17,197 | 16,283 | 16,050 | |||
Inventory, net of allowances, customer advances and progress billings | 16,789 | 16,198 | 17,403 | 17,536 | 17,553 | 16,570 | |||
Inventory | 16,789 | 16,198 | 17,403 | 17,536 | 17,553 | 16,570 | |||
Contract with customer, asset, after allowance for credit loss | 2,037 | 2,244 | 3,088 | 3,701 | 4,241 | 4,246 | |||
Debt securities, available-for-sale, accrued interest, after allowance for credit loss | 464 | 490 | 457 | ||||||
Disposal group, including discontinued operation | 1,331 | 1,353 | 1,374 | 696 | 767 | 747 | |||
Other current assets | 1,638 | 1,464 | 1,521 | 2,059 | 1,879 | 2,065 | |||
Other undisclosed current assets | 12,302 | 11,511 | 16,806 | 12,596 | 13,190 | 12,842 | |||
Total current assets: | 60,213 | 60,286 | 66,234 | 60,082 | 60,658 | 63,299 | |||
Noncurrent Assets | |||||||||
Operating lease, right-of-use asset | 1,932 | 1,853 | 2,137 | 2,282 | 2,390 | 2,440 | |||
Nontrade receivables | 251 | 236 | 255 | 232 | 272 | ||||
Property, plant and equipment | 10,441 | 10,317 | 12,013 | 12,400 | 12,596 | ||||
Long-term investments and receivables | 37,758 | 38,675 | 36,048 | 34,417 | 37,059 | 40,665 | |||
Long-term investments | 37,392 | 38,262 | 36,048 | 33,624 | 36,195 | 39,845 | |||
Accounts and financing receivable, after allowance for credit loss | 366 | 413 | 793 | 864 | 820 | ||||
Intangible assets, net (including goodwill) | 19,299 | 19,097 | 33,423 | 33,000 | 33,816 | 34,337 | |||
Goodwill | 13,345 | 13,107 | 25,798 | 25,275 | 25,790 | 26,047 | |||
Intangible assets, net (excluding goodwill) | 5,954 | 5,990 | 7,625 | 7,725 | 8,026 | 8,290 | |||
Restricted cash and investments | 741 | 687 | 476 | 603 | 795 | ||||
Disposal group, including discontinued operation, noncurrent assets | 1,761 | 2,793 | 2,892 | 2,985 | 3,199 | 2,935 | |||
Deferred income tax assets | 10,354 | 10,344 | 11,705 | 11,504 | 10,956 | 10,583 | |||
Other noncurrent assets | 16,172 | 15,888 | 16,998 | 19,166 | 19,737 | 19,767 | |||
Other undisclosed noncurrent assets | 4,084 | 4,296 | 18,351 | 4,697 | 4,490 | 4,272 | |||
Total noncurrent assets: | 102,793 | 104,186 | 121,554 | 120,795 | 124,882 | 128,662 | |||
TOTAL ASSETS: | 163,006 | 164,472 | 187,788 | 180,877 | 185,540 | 191,961 | |||
LIABILITIES AND EQUITY | |||||||||
Liabilities | |||||||||
Current Liabilities | |||||||||
Accounts payable and accrued liabilities | 11,019 | 10,500 | 12,479 | ||||||
Accounts payable | 10,538 | 10,049 | 12,479 | ||||||
Accrued liabilities | 481 | 451 | |||||||
Deferred revenue | 17,142 | 16,586 | 18,118 | 16,445 | 16,360 | 16,206 | |||
Debt | 1,882 | 2,262 | 3,757 | 4,285 | 4,947 | 4,985 | |||
Disposal group, including discontinued operation | 1,949 | 1,953 | 1,944 | 1,503 | 1,638 | 1,732 | |||
Other liabilities | 11,620 | 12,313 | 14,485 | 15,094 | 13,909 | 14,216 | |||
Other undisclosed current liabilities | 4,496 | 4,563 | 6,164 | 17,330 | 17,029 | 16,205 | |||
Total current liabilities: | 48,108 | 48,177 | 56,947 | 54,657 | 53,883 | 53,344 | |||
Noncurrent Liabilities | |||||||||
Long-term debt and lease obligation, including: | 19,900 | 20,159 | 28,593 | 26,121 | 27,571 | 28,649 | |||
Other undisclosed long-term debt and lease obligation | 19,900 | 20,159 | 28,593 | 23,617 | 24,949 | 25,970 | |||
Liabilities, other than long-term debt | 26,054 | 26,315 | 31,318 | 33,913 | 34,591 | 36,059 | |||
Deferred revenue | 1,384 | 1,500 | 2,006 | 1,842 | 1,916 | 1,953 | |||
Deferred compensation liability, classified | 9,941 | 10,244 | 16,021 | 19,201 | 19,758 | 20,636 | |||
Disposal group, including discontinued operation, liabilities | 1,565 | 1,551 | 1,137 | 1,103 | 1,032 | 993 | |||
Other liabilities | 11,067 | 10,937 | 12,154 | 11,767 | 11,885 | 12,477 | |||
Operating lease, liability | 2,097 | 2,083 | 2,504 | 2,622 | 2,679 | ||||
Other undisclosed noncurrent liabilities | 36,576 | 36,998 | 33,348 | 33,433 | 33,552 | 33,626 | |||
Total noncurrent liabilities: | 82,530 | 83,472 | 93,259 | 93,467 | 95,714 | 98,334 | |||
Total liabilities: | 130,638 | 131,649 | 150,206 | 148,124 | 149,597 | 151,678 | |||
Temporary equity, carrying amount | 132 | ||||||||
Equity | |||||||||
Equity, attributable to parent, including: | 31,194 | 31,652 | 36,366 | 31,475 | 34,649 | 39,005 | |||
Preferred stock | 3 | 3 | 6 | 6 | 6 | 6 | |||
Common stock | 15 | 15 | 15 | 15 | 15 | 15 | |||
Treasury stock, value | (80,524) | (80,762) | (81,209) | (81,049) | (80,883) | (80,673) | |||
Additional paid in capital | 30,426 | 30,729 | 34,173 | 34,254 | 34,382 | 34,391 | |||
Accumulated other comprehensive income (loss) | (3,573) | (3,289) | (1,311) | (4,405) | (1,852) | 1,341 | |||
Retained earnings | 84,848 | 84,955 | 84,693 | 82,655 | 82,981 | 83,927 | |||
Other undisclosed equity, attributable to parent | (1) | 1 | (1) | (1) | (2) | ||||
Equity, attributable to noncontrolling interest | 1,174 | 1,171 | 1,216 | 1,278 | 1,293 | 1,278 | |||
Total equity: | 32,368 | 32,823 | 37,582 | 32,753 | 35,942 | 40,283 | |||
Other undisclosed liabilities and equity | (132) | 1 | |||||||
TOTAL LIABILITIES AND EQUITY: | 163,006 | 164,472 | 187,788 | 180,877 | 185,540 | 191,961 |
Income Statement (P&L) ($ in millions)Annual | Quarterly
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 | ||
---|---|---|---|---|---|---|---|---|
Revenues | 16,699 | 14,486 | 21,786 | 19,084 | 18,646 | 17,040 | ||
Cost of revenue | (12,884) | (11,149) | (19,399) | (15,338) | (13,824) | (12,217) | ||
Gross profit: | 3,815 | 3,337 | 2,387 | 3,746 | 4,822 | 4,823 | ||
Operating expenses | (3,117) | (2,926) | (2,323) | (3,996) | (3,856) | (5,421) | ||
Operating income (loss): | 698 | 411 | 64 | (250) | 966 | (598) | ||
Nonoperating income (expense) | 692 | 6,081 | 2,172 | 195 | (1,210) | 73 | ||
Investment income, nonoperating | 246 | 220 | 246 | 182 | 78 | (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: | 1,390 | 6,492 | 1,771 | (55) | (244) | (525) | ||
Other undisclosed income from continuing operations before income taxes | 466 | |||||||
Income (loss) from continuing operations before income taxes: | 1,390 | 6,492 | 2,237 | (55) | (244) | (525) | ||
Income tax expense (benefit) | (333) | (271) | 65 | (21) | (317) | (204) | ||
Other undisclosed income (loss) from continuing operations | 1 | |||||||
Income (loss) from continuing operations: | 1,058 | 6,221 | 2,302 | (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): | 39 | 7,478 | 2,238 | (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: | 35 | 7,506 | 2,222 | (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) | 7,360 | 2,125 | (238) | (857) | (1,094) | ||
Other undisclosed net income (loss) available to common stockholders, diluted | (6) | 1 | 4 | |||||
Net income (loss) available to common stockholders, diluted: | (23) | 7,354 | 2,126 | (234) | (857) | (1,094) |
Comprehensive Income ($ in millions)Annual | Quarterly
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): | 39 | 7,478 | 2,238 | (160) | (771) | (1,014) | ||
Other undisclosed comprehensive income (loss) | (286) | (1,020) | 3,095 | (2,557) | (3,187) | (243) | ||
Comprehensive income (loss): | (247) | 6,458 | 5,333 | (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 | 1 | 1 | (1) | |||||
Comprehensive income (loss), net of tax, attributable to parent: | (249) | 6,489 | 5,316 | (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.