GE 2015 Annual Report Download - page 160

FINANCIAL STATEMENTS
t

132 GE 2015 FORM 10-K
STATEMENT OF FINANCIAL POSITION
General Electric Company
and consolidated affiliates
A
t December 31 (In millions, except share amounts) 2015 201
4
Assets
Cash and e
q
uivalents $ 70
,
483 $ 70
,
025
Investment securities
(
Note 3
)
31
,
973 35
,
505
Current receivables
(
Note 4
)
27
,
022 23
,
237
Inventories
(
Note 5
)
22
,
515 17
,
689
Financin
g
receivables ± net
(
Note 6
)
12
,
052 13
,
445
Other GE Ca
p
ital receivables 6
,
782 6
,
261
Pro
p
ert
y,
p
lant and e
q
ui
p
ment ± net
(
Note 7
)
54
,
095 48
,
070
Receivable from GE Ca
p
ital
(
debt assum
p
tion
)
- -
Investment in GE Ca
p
ital - -
Goodwill
(
Note 8
)
65
,
526 53
,
207
Other intan
g
ible assets ± net
(
Note 8
)
16
,
744 13
,
182
Contract assets
(
Note 9
)
21
,
156 16
,
960
A
ll other assets
(
Note 9
)
37
,
471 24
,
836
Deferred income taxes
(
Note 14
)
3
,
105 6
,
183
A
ssets of businesses held for sale
(
Note 2
)
2
,
818 2
,
826
A
ssets of discontinued o
p
erations
(
Note 2
)
120
,
951 323
,
529
Total assets
(
a
)
$ 492,692 $ 654,954
Liabilities and equity
Short-term borrowin
g
s
(
Note 10
)
$ 49
,
892 $ 70
,
425
A
ccounts
p
a
y
able
,
p
rinci
p
all
y
trade accounts 13
,
680 12
,
067
Pro
g
ress collections and
p
rice ad
j
ustments accrued 15
,
776 12
,
537
Dividends
p
a
y
able 2
,
167 2
,
317
Other GE current liabilities 23
,
597 14
,
323
Non-recourse borrowin
g
s of consolidated securitization entities
(
Note 10
)
3
,
083 4
,
403
Lon
g
-term borrowin
g
s
(
Note 10
)
145
,
301 186
,
596
Investment contracts
,
insurance liabilities and insurance annuit
y
benefits
(
Note 11
)
25
,
692 27
,
432
Non-current com
p
ensation and benefits 40
,
487 42
,
238
A
ll other liabilities
(
Note 13
)
22
,
558 16
,
511
Liabilities of businesses held for sale
(
Note 2
)
861 941
Liabilities of discontinued o
p
erations
(
Note 2
)
46
,
487 128
,
233
Total liabilities
(
a
)
389,582 518,023
Redeemable noncontrollin
g
interests
(
Note 15
)
2
,
972 98
Preferred stock
(
5
,
944
,
250 shares outstandin
g
at
y
ear-end 2015
and no shares outstandin
g
at
y
ear-end 2014
)
6 -
GECC
p
referred stock
(
no shares outstandin
g
at
y
ear-end 2015
and 50
,
000 shares outstandin
g
at
y
ear-end 2014
)
- -
Common stock
(
9
,
379
,
288
,
000 and 10
,
057
,
380
,
000 shares outstandin
g
at
y
ear-end 2015 and 2014
,
res
p
ectivel
y)
702 702
A
ccumulated other com
p
rehensive income
(
loss
)
± net attributable to GE
(
b
)
Investment securities 460 1
,
013
Currenc
y
translation ad
j
ustments
(
5
,
499
)
(
2
,
428
)
Cash flow hed
g
es
(
80
)
(
180
)
Benefit
p
lans
(
11
,
410
)
(
16
,
578
)
Other ca
p
ital 37
,
613 32
,
889
Retained earnin
g
s 140
,
020 155
,
333
Less common stock held in treasur
y
(
63
,
539
)
(
42
,
593
)
7RWDO*(VKDUHRZQHUV¶H
T
XLW
\
98,274 128,159
Noncontrollin
g
interests
(
c
)
(
Note 15
)
1,864 8,674
Total e
q
uit
y
(
Note 15 and 16
)
100,138 136,833
Total liabilities, redeemable noncontrollin
g
interests and e
q
uit
y
$ 492,692 $ 654,954
(a) Our consolidated assets at December 31, 2015 included total assets of $8,542 million of certain variable interest entities (VIEs) that can only be
used to settle the liabilities of those VIEs. These assets included current receivables and net financing receivables of $4,387 million and investment
securities of $1,404 million within continuing operations and assets of discontinued operations of $1,798 million. Our consolidated liabilities at
December 31, 2015 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 $3,083 million within continuing operations and non-recourse borrowings of
CSEs within discontinued operations of $794 million. See Note 21.
(b) The sum of accumulated other comprehensive income (loss) (AOCI) attributable to the Company was $(16,529) million and $(18,172) million at
December 31, 2015 and 2014, respectively.
(c) Included AOCI attributable to noncontrolling interests of $(264) million and $(194) million at December 31, 2015 and 2014, respectively.
Amounts may not add due to rounding.
See accompanying notes.
132 GE 2015 FORM 10-K