GE 2014 Annual Report Download - page 152

132 GE 2014 FORM 10-K
FINANCIAL STATEMENTS
STATEMENT OF FINANCIAL POSITION General Electric Company
and consolidated affiliates
A
t December 31
(
In millions
,
exce
p
t share amounts
)
2014 2013
Assets
Cash and equivalents $ 90,208 $ 88,555
Investment securities (Note 3) 47,907 43,981
Current receivables (Note 4) 23,237 21,388
Inventories (Note 5) 17,689 17,325
Financing receivables – net (Note 6 and 27) 224,816 241,940
Other GECC receivables 9,095 9,114
Property, plant and equipment – net (Note 7) 66,387 68,827
Investment in GECC - -
Goodwill (Note 8) 76,553 77,648
Other intangible assets – net (Note 8) 14,156 14,310
A
ll other assets (Note 9) 68,225 70,808
Deferred income taxes (Note 14) 2,541 275
A
ssets of businesses held for sale (Note 2) 6,300 50
A
ssets of discontinued operations (Note 2) 1,235 2,339
Total assets(a) $ 648,349 $ 656,560
Liabilities and equity
Short-term borrowings (Note 10) $ 71,789 $ 77,890
A
ccounts payable, principally trade accounts 16,338 16,471
Progress collections and price adjustments accrued 12,537 13,125
Dividends payable 2,317 2,220
Other GE current liabilities 12,682 13,381
Non-recourse borrowings of consolidated securitization entities (Note 10) 29,938 30,124
Bank deposits (Note 10) 62,839 53,361
Long-term borrowings (Note 10) 200,414 221,665
Investment contracts, insurance liabilities and insurance annuity benefits (Note 11) 27,578 26,544
A
ll other liabilities (Note 13) 70,484 61,057
Liabilities of businesses held for sale (Note 2) 3,375 6
Liabilities of discontinued operations (Note 2) 1,225 3,933
Total liabilities(a) 511,516 519,777
GECC preferred stock (50,000 shares outstanding at both year-end 2014 and 2013) - -
Common stock (10,057,380,000 and 10,060,881,000 shares outstanding at year-end 2014 and 2013, respectively) 702 702
A
ccumulated other comprehensive income (loss) – net attributable to GE(b)
Investment securities 1,013 307
Currency translation adjustments (2,427) 126
Cash flow hedges (180) (257)
Benefit plans (16,578) (9,296)
Other capital 32,889 32,494
Retained earnings 155,333 149,051
Less common stock held in treasury (42,593) (42,561)
Total GE shareowners’ equity 128,159 130,566
Noncontrolling interests(c) 8,674 6,217
Total equity (Note 15 and 16) 136,833 136,783
Total liabilities and equity $ 648,349 $ 656,560
(a) Our consolidated assets at December 31, 2014 included total assets of $50,453 million of certain variable interest entities (VIEs) that can only be used to settle the
liabilities of those VIEs. These assets included net financing receivables of $43,620 million and investment securities of $3,374 million. Our consolidated liabilities at
December 31, 2014 included liabilities of certain VIEs for which the VIE creditors do not have recourse to GE. These liabilities included non-recourse borrowings of
consolidated securitization entities (CSEs) of $28,664 million. See Note 23.
(b) The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(18,172) million and $(9,120) million at December 31, 2014 and
2013, respectively.
(c) Included AOCI attributable to noncontrolling interests of $(194) million and $(180) million at December 31, 2014 and 2013, respectively.
See accompanying notes.