General Electric Company (GE) financial statements (2020 and earlier)

Company profile

Business Address 41 FARNSWORTH 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)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,47614643,397    
Cash and cash equivalents  43,299    
Short-term investments9,47614698    
Receivables26,72633,79141,07624,09027,03923,25921,388
Inventory, net of allowances, customer advances and progress billings15,20319,27121,92322,35422,51517,68917,325
Inventory15,20319,27121,92322,35422,51517,68917,325
Deferred costs  1,097    
Disposal group, including discontinued operation  7521,42923,600133 
Total current assets:51,40553,208108,24547,87373,15441,08138,713
Noncurrent Assets
Operating lease, right-of-use asset2,970
Property, plant and equipment42,88650,74953,87450,51854,09566,38768,827
Long-term investments and receivables2,616      
Accounts and financing receivable, after allowance for credit loss2,616      
Intangible assets, net (including goodwill)37,43277,773104,24186,87482,27090,70991,958
Goodwill26,66659,61483,96870,43865,52676,55377,648
Intangible assets, net (excluding goodwill)10,76618,15920,27316,43616,74414,15614,310
Derivative instruments and hedges 20,00028,86125,16221,156  
Deferred income tax assets9,570
Total noncurrent assets:95,474148,522186,976162,554157,521157,096160,785
Other undisclosed assets116,130107,39982,724154,756262,017450,172457,062
TOTAL ASSETS:263,009309,129377,945365,183492,692648,349656,560
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities28,16833,59334,90234,10639,44431,33729,852
Accounts payable14,49317,15315,15314,43513,68016,33816,471
Accrued liabilities13,67516,34518,69717,56423,59712,68213,381
Interest and dividends payable 951,0522,1072,1672,317 
Debt17,04612,84924,03630,71449,89240,24477,890
Due to related parties3,8424,26210,114    
Total current liabilities:49,05650,70469,05264,82089,33671,581107,742
Noncurrent Liabilities
Long-term debt and lease obligation, including:74,70195,234108,575105,080145,301200,414221,665
Other undisclosed long-term debt and lease obligation74,70195,234108,575105,080145,301200,414221,665
Liabilities, other than long-term debt48,44953,67573,70943,78040,487  
Deferred compensation liability, classified31,19433,78341,63043,78040,487  
Due to related parties17,25519,89232,079    
Total noncurrent liabilities:123,150148,909182,284148,860185,788200,414221,665
Other undisclosed liabilities61,65057,65341,22570,988114,458239,521190,370
Total liabilities:233,856257,266292,561284,668389,582511,516519,777
Temporary equity, carrying amount4083823,3993,0252,972  
Stockholders' equity
Stockholders' equity attributable to parent, including:27,93530,98164,26375,82898,274128,159130,566
Preferred stock66666  
Common stock702702702702702702702
Treasury stock, value(82,940)(83,925)(84,902)(83,038)(63,539)42,593(42,561)
Additional paid in capital34,31535,50437,17137,22437,61332,88932,494
Accumulated other comprehensive loss(11,361) (14,396)(18,598)(16,529)(18,172)(9,120)
Retained earnings87,21393,109125,682139,532140,020155,333149,051
Other undisclosed stockholders' equity attributable to parent (14,415)  1(85,186) 
Stockholders' equity attributable to noncontrolling interest1,21920,50017,7231,6631,8648,6746,217
Other undisclosed stockholders' equity(1)      
Total stockholders' equity:29,15351,48181,98677,491100,138136,833136,783
Other undisclosed liabilities and equity(408) (1)(1)   
TOTAL LIABILITIES AND EQUITY:263,009309,129377,945365,183492,692648,349656,560

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues112,755121,615122,092123,693117,386148,589146,045
Revenue, net113,192110,391105,808106,758100,542
Financial services revenue7,2769,2979,35041,05342,395
Cost of revenue(91,051)(97,679)(108,971)(95,304)(88,761)(122,879)(121,920)
Cost of goods and services sold(59,498) (91,934)(87,483)(82,693)(81,311)(77,141)
Gross profit:21,70423,93613,12128,38928,62525,71024,125
Operating expenses(23,106)(46,329)(21,912)(19,359)(20,439)(8,481)(7,974)
Operating income (loss):(1,402)(22,393)(8,791)9,0308,18617,22916,151
Nonoperating income (expense)2,0122,259273(31)(64)7783,108
Investment income, nonoperating  273(31)(64)(381)48
Income (loss) from continuing operations before equity method investments, income taxes:610(20,134)(8,518)8,9998,12218,00719,259
Other undisclosed income (loss) from continuing operations before income taxes  (273)3164(778)(3,108)
Income (loss) from continuing operations before income taxes:610(20,134)(8,791)9,0308,18617,22916,151
Income tax expense (benefit)(21)(583)3,043464(6,485)(1,772)(676)
Other undisclosed income (loss) from continuing operations1   (1)  
Income (loss) from continuing operations:590(20,717)(5,748)9,4941,70015,45715,475
Loss from discontinued operations(5,362)(1,726)(309)(954)(7,495)(112)(2,120)
Income (loss) before gain (loss) on sale of properties:(4,772)(22,443)(6,057)8,540(5,795)15,34513,355
Other undisclosed net income (loss)(1) 1    
Net income (loss):(4,773)(22,443)(6,056)8,540(5,795)15,34513,355
Net income (loss) attributable to noncontrolling interest(173)89270291(332)(112)(298)
Other undisclosed net income (loss) attributable to parent(1)(1)  1  
Net income (loss) attributable to parent:(4,947)(22,355)(5,786)8,831(6,126)15,23313,057
Preferred stock dividends and other adjustments(457)(447)(436)(656)(18)  
Other undisclosed net income (loss) available to common stockholders, basic1  1(1)  
Net income (loss) available to common stockholders, basic:(5,403)(22,802)(6,222)8,176(6,145)15,23313,057
Other undisclosed net income (loss) available to common stockholders, diluted(30)(7)(24)(24)10(20)(29)
Net income (loss) available to common stockholders, diluted:(5,433)(22,809)(6,246)8,152(6,135)15,21313,028

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):(4,773)(22,443)(6,056)8,540(5,795)15,34513,355
Other comprehensive income (loss)1,694(235)4,255(2,083)1,575(9,066)11,085
Other undisclosed comprehensive loss(1)      
Comprehensive income (loss):(3,080)(22,678)(1,801)6,457(4,220)6,27924,440
Comprehensive income (loss), net of tax, attributable to noncontrolling interest4314217305(263)(98)273
Other undisclosed comprehensive loss, net of tax, attributable to parent(1)     (546)
Comprehensive income (loss), net of tax, attributable to parent:(3,077)(22,364)(1,584)6,762(4,483)6,18124,167

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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