GE 2013 Annual Report Download - page 33

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GE 2013 ANNUAL REPORT 31

Contents
Management’s Discussion of Financial Responsibility ...................................................................................................................................................................... 32
Management’s Annual Report on Internal Control Over Financial Reporting ........................................................................................................................ 32
Report of Independent Registered Public Accounting Firm ............................................................................................................................................................ 33
Management’s Discussion and Analysis (MD&A) ................................................................................................................................................................................. 34
Audited Financial Statements and Notes
Statement of Earnings .................................................................................................................................................................................................................................... 70
Consolidated Statement of Comprehensive Income .......................................................................................................................................................................... 70
Consolidated Statement of Changes in Shareowners’ Equity ........................................................................................................................................................ 71
Statement of Financial Position ................................................................................................................................................................................................................... 72
Statement of Cash Flows ................................................................................................................................................................................................................................ 74
Notes to Consolidated Financial Statements
1 Basis of Presentation and Summary of Signifi cant Accounting Policies ................................................................................................................76
2 Assets and Liabilities of Businesses Held for Sale and Discontinued Operations .............................................................................................. 84
3 Investment Securities................................................................................................................................................................................................................... 89
4 Current Receivables ...................................................................................................................................................................................................................... 91
5 Inventories ........................................................................................................................................................................................................................................ 91
6 GECC Financing Receivables, Allowance for Losses on Financing Receivables and
Supplemental Information on Credit Quality ..................................................................................................................................................................... 92
7 Property, Plant and Equipment ..............................................................................................................................................................................................100
8 Goodwill and Other Intangible Assets .................................................................................................................................................................................101
9 All Other Assets .............................................................................................................................................................................................................................103
10 Borrowings and Bank Deposits ..............................................................................................................................................................................................104
11 Investment Contracts, Insurance Liabilities and Insurance Annuity Benefi ts ..................................................................................................105
12 Postretirement Benefi t Plans ..................................................................................................................................................................................................105
13 All Other Liabilities ......................................................................................................................................................................................................................111
14 Income Taxes .................................................................................................................................................................................................................................111
15 Shareowners’ Equity ...................................................................................................................................................................................................................114
16 Other Stock-Related Information ..........................................................................................................................................................................................118
17 Other Income .................................................................................................................................................................................................................................119
18 GECC Revenues from Services ................................................................................................................................................................................................119
19 Supplemental Cost Information ............................................................................................................................................................................................120
20 Earnings Per Share Information ............................................................................................................................................................................................121
21 Fair Value Measurements .........................................................................................................................................................................................................122
22 Financial Instruments ................................................................................................................................................................................................................126
23 Variable Interest Entities ..........................................................................................................................................................................................................130
24 Commitments and Guarantees .............................................................................................................................................................................................133
25 Supplemental Cash Flows Information...............................................................................................................................................................................134
26 Intercompany Transactions ....................................................................................................................................................................................................135
27 Operating Segments ...................................................................................................................................................................................................................135
28 Quarterly Information (unaudited) .......................................................................................................................................................................................138
Supplemental Information ...........................................................................................................................................................................................................................139
Glossary .............................................................................................................................................................................................................................................................. 144