GENERAL ELECTRIC CAPITAL CORP (GEK) financial statements (2021 and earlier)

Company profile

Business Address 901 MAIN AVENUE
NORWALK, CT 06851-1168
State of Incorp. CT
Fiscal Year End December 31
SIC 6141 - Personal Credit Institutions (benchmarking)
More info Complete financial analysis Financial benchmarking

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

Current Assets
Inventory, net of allowances, customer advances and progress billings506879
Deferred costs172946
Disposal group, including discontinued operation133  
Total current assets:20097125
Noncurrent Assets
Property, plant and equipment49,57051,60753,673
Intangible assets, net (including goodwill)26,20227,33128,598
Intangible assets, net (excluding goodwill)1,1761,1361,294
Total noncurrent assets:75,77278,93882,271
Other undisclosed assets424,244437,794456,827
TOTAL ASSETS:500,216516,829539,223
Current Liabilities
Accounts payable and accrued liabilities6,1776,5496,277
Accounts payable6,1776,5496,277
Total current liabilities:74,95783,847102,217
Noncurrent Liabilities
Long-term debt and lease obligation, including:187,991210,279224,776
Other undisclosed long-term debt and lease obligation187,991210,279224,776
Total noncurrent liabilities:187,991210,279224,776
Other undisclosed liabilities146,870139,577129,633
Total liabilities:409,818433,703456,626
Stockholders' equity
Stockholders' equity attributable to parent87,49982,69481,890
Additional paid in capital32,99932,56331,586
Accumulated other comprehensive loss(577)(1,034)(940)
Retained earnings55,07751,16551,244
Stockholders' equity attributable to noncontrolling interest2,899432707
Total stockholders' equity:90,39883,12682,597
TOTAL LIABILITIES AND EQUITY:500,216516,829539,223

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

Revenue, net12,97012,45812,683
Net investment income17,324  
Financial services revenue42,60443,94145,920
Cost of revenue(22,031)(24,285)(25,726)
Financial services costs(3,993)(4,818)(3,891)
Gross profit:20,69419,78220,313
Operating expenses(13,053)(12,463)(12,358)
Other undisclosed operating income  163
Operating income:7,6417,3198,118
Nonoperating income
(Investment Income, Nonoperating)
Interest and debt expense(8,397)(9,267)(11,697)
Other undisclosed income from continuing operations before equity method investments, income taxes8,3369,22811,514
Income from continuing operations before income taxes:7,6417,3197,955
Income tax expense (benefit)(138)992(491)
Income from continuing operations:7,5038,3117,464
Loss from discontinued operations(107)(2,054)(1,186)
Net income:7,3966,2576,278
Net loss attributable to noncontrolling interest(162)(53)(63)
Net income attributable to parent:7,2346,2046,215
Preferred stock dividends and other adjustments(322)(298)(123)
Net income available to common stockholders, diluted:6,9125,9066,092

Comprehensive Income ($ in millions)

Net income:7,3966,2576,278
Other comprehensive income (loss)442(104)1,168
Comprehensive income:7,8386,1537,446
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(147)4375
Other undisclosed comprehensive loss, net of tax, attributable to parent (86)(150)
Comprehensive income, net of tax, attributable to parent:7,6916,1107,371

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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