GE 2006 Annual Report Download - page 72

Download and view the complete annual report

Please find page 72 of the 2006 GE annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 120

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120

  
Statement of Financial Position
General Electric Company
and consolidated affi liates
At December 31 (In millions, except share amounts) 2006 2005
ASSETS
Cash and equivalents $ 14,275 $ 8,825
Investment securities (note 10) 47,826 42,148
Current receivables (note 11) 13,954 14,851
Inventories (note 12) 11,401 10,474
Financing receivables — net (notes 13 and 14) 334,205 287,639
Other GECS receivables 17,067 14,332
Property, plant and equipment — net (note 15) 74,966 67,528
Investment in GECS — —
Intangible assets — net (note 16) 86,433 81,630
All other assets (note 17) 97,112 84,828
Assets of discontinued operations (note 2) — 61,066
Total assets $697,239 $673,321
LIABILITIES AND EQUITY
Short-term borrowings (note 18) $172,153 $158,156
Accounts payable, principally trade accounts 21,697 21,183
Progress collections and price adjustments accrued 5,248 4,456
Dividends payable 2,878 2,623
Other GE current liabilities 18,538 18,552
Long-term borrowings (note 18) 260,804 212,281
Investment contracts, insurance liabilities and insurance annuity benefits (note 19) 34,499 33,097
All other liabilities (note 20) 46,884 39,833
Deferred income taxes (note 21) 14,171 16,208
Liabilities of discontinued operations (note 2) 475 49,527
Total liabilities 577,347 555,916
Minority interest in equity of consolidated affiliates (note 22) 7,578 8,054
Common stock (10,277,373,000 and 10,484,268,000 shares outstanding
at year-end 2006 and 2005, respectively) 669 669
Accumulated gains (losses) — net
Investment securities 1,608 1,831
Currency translation adjustments 6,181 2,532
Cash flow hedges (129) (352)
Benefit plans (4,406) (874)
Other capital 25,486 25,227
Retained earnings 107,798 97,644
Less common stock held in treasury (24,893) (17,326)
Total shareowners’ equity (notes 23 and 24) 112,314 109,351
Total liabilities and equity $697,239 $673,321
The sum of accumulated gains (losses) on investment securities, currency translation adjustments, cash flow hedges and benefit plans constitutes “Accumulated nonowner
changes other than earnings,” as shown in note 23, and was $3,254 million and $3,137 million at December 31, 2006 and 2005, respectively.
The notes to consolidated financial statements are an integral part of this statement.
70 ge 2006 annual report