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
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21810,02514643,397   
Cash and cash equivalents   43,299   
Short-term investments21810,02514698   
Receivables17,95627,04733,79141,07624,09027,03923,259
Inventory, net of allowances, customer advances and progress billings15,89014,10419,27121,92322,35422,51517,689
Inventory15,89014,10419,27121,92322,35422,51517,689
Contract with customer, asset5,764  
Deferred costs   1,097   
Disposal group, including discontinued operation   7521,42923,600133
Other current assets1,522      
Other undisclosed current assets47,062      
Total current assets:88,41251,17653,208108,24547,87373,15441,081
Noncurrent Assets
Operating lease, right-of-use asset 2,896
Leveraged leases, net investment in leveraged leases disclosure, investment in leveraged leases777997
Property, plant and equipment44,66243,29050,74953,87450,51854,09566,387
Long-term investments and receivables8,4952,282     
Long-term investments6,724      
Accounts and financing receivable, after allowance for credit loss1,7712,282     
Intangible assets, net (including goodwill)35,29837,38777,773104,24186,87482,27090,709
Goodwill25,52426,73459,61483,96870,43865,52676,553
Intangible assets, net (excluding goodwill)9,77410,65318,15920,27316,43616,74414,156
Derivative instruments and hedges5,88816,80120,00028,86125,16221,156 
Disposal group, including discontinued operation, noncurrent assets3,532      
Deferred income tax assets12,0819,889
Other noncurrent assets14,597      
Other undisclosed noncurrent assets39,710      
Total noncurrent assets:165,040113,542148,522186,976162,554157,521157,096
Other undisclosed assets 101,330107,39982,724154,756262,017450,172
TOTAL ASSETS:253,452266,048309,129377,945365,183492,692648,349
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 15,92633,59334,90234,10639,44431,337
Accounts payable 15,92617,15315,15314,43513,68016,338
Accrued liabilities  16,34518,69717,56423,59712,682
Interest and dividends payable  951,0522,1072,1672,317
Deferred revenue18,215 
Debt4,77822,07212,84924,03630,71449,89240,244
Due to related parties3,0333,1404,26210,114   
Other liabilities16,60015,753     
Other undisclosed current liabilities13,443      
Total current liabilities:56,06956,89150,70469,05264,82089,33671,581
Noncurrent Liabilities
Long-term debt and lease obligation, including:70,28867,15595,234108,575105,080145,301200,414
Other undisclosed long-term debt and lease obligation70,28867,15595,234108,575105,080145,301200,414
Liabilities, other than long-term debt64,61065,30853,67573,70943,78040,487 
Deferred revenue1,801 
Deferred compensation liability, classified29,75231,68733,78341,63043,78040,487 
Due to related parties16,78017,03819,89232,079   
Disposal group, including discontinued operation, liabilities200      
Other liabilities16,07716,583     
Other undisclosed noncurrent liabilities25,411      
Total noncurrent liabilities:160,309132,463148,909182,284148,860185,788200,414
Other undisclosed liabilities 46,83357,65341,22570,988114,458239,521
Total liabilities:216,378236,187257,266292,561284,668389,582511,516
Temporary equity, carrying amount4874393823,3993,0252,972 
Stockholders' equity
Stockholders' equity attributable to parent, including:35,55228,31630,98164,26375,82898,274128,159
Preferred stock666666 
Common stock702702702702702702702
Treasury stock, value(81,961)(82,797)(83,925)(84,902)(83,038)(63,539)42,593
Additional paid in capital34,30734,40535,50437,17137,22437,61332,889
Accumulated other comprehensive loss(9,749)(11,732) (14,396)(18,598)(16,529)(18,172)
Retained earnings92,24787,73293,109125,682139,532140,020155,333
Other undisclosed stockholders' equity attributable to parent  (14,415)  1(85,186)
Stockholders' equity attributable to noncontrolling interest1,5221,54520,50017,7231,6631,8648,674
Other undisclosed stockholders' equity(1)      
Total stockholders' equity:37,07329,86151,48181,98677,491100,138136,833
Other undisclosed liabilities and equity(486)(439) (1)(1)  
TOTAL LIABILITIES AND EQUITY:253,452266,048309,129377,945365,183492,692648,349

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues79,61995,214121,615122,092123,693117,386148,589
Revenue, net113,192110,391105,808106,758
Financial services revenue7,2769,2979,35041,053
Cost of revenue(68,522)(79,004)(97,679)(108,971)(95,304)(88,761)(122,879)
Cost of goods and services sold(60,421)(70,029) (91,934)(87,483)(82,693)(81,311)
Gross profit:11,09716,21023,93613,12128,38928,62525,710
Operating expenses(17,287)(17,283)(46,329)(21,912)(19,359)(20,439)(8,481)
Operating income (loss):(6,190)(1,073)(22,393)(8,791)9,0308,18617,229
Nonoperating income (expense)11,3872,2222,259273(31)(64)778
Investment income, nonoperating146143 273(31)(64)(381)
Income (loss) from continuing operations before equity method investments, income taxes:5,1971,149(20,134)(8,518)8,9998,12218,007
Other undisclosed income (loss) from continuing operations before income taxes   (273)3164(778)
Income (loss) from continuing operations before income taxes:5,1971,149(20,134)(8,791)9,0308,18617,229
Income tax expense (benefit)474(726)(583)3,043464(6,485)(1,772)
Other undisclosed income (loss) from continuing operations1    (1) 
Income (loss) from continuing operations:5,672423(20,717)(5,748)9,4941,70015,457
Loss from discontinued operations(125)(5,335)(1,726)(309)(954)(7,495)(112)
Income (loss) before gain (loss) on sale of properties:5,547(4,912)(22,443)(6,057)8,540(5,795)15,345
Other undisclosed net income (loss)(1)  1   
Net income (loss):5,546(4,912)(22,443)(6,056)8,540(5,795)15,345
Net income (loss) attributable to noncontrolling interest158(66)89270291(332)(112)
Other undisclosed net income (loss) attributable to parent (1)(1)  1 
Net income (loss) attributable to parent:5,704(4,979)(22,355)(5,786)8,831(6,126)15,233
Preferred stock dividends and other adjustments(474)(460)(447)(436)(656)(18) 
Other undisclosed net income (loss) available to common stockholders, basic    1(1) 
Net income (loss) available to common stockholders, basic:5,230(5,439)(22,802)(6,222)8,176(6,145)15,233
Other undisclosed net income (loss) available to common stockholders, diluted(164)(1)(7)(24)(24)10(20)
Net income (loss) available to common stockholders, diluted:5,066(5,440)(22,809)(6,246)8,152(6,135)15,213

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):5,546(4,912)(22,443)(6,056)8,540(5,795)15,345
Other comprehensive income (loss)1,9892,641(235)4,255(2,083)1,575(9,066)
Other undisclosed comprehensive income (loss)1(1)     
Comprehensive income (loss):7,536(2,272)(22,678)(1,801)6,457(4,220)6,279
Comprehensive income (loss), net of tax, attributable to noncontrolling interest152(26)314217305(263)(98)
Other undisclosed comprehensive income, net of tax, attributable to parent 1     
Comprehensive income (loss), net of tax, attributable to parent:7,688(2,297)(22,364)(1,584)6,762(4,483)6,181

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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