GE 2015 Annual Report Download - page 184
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FINANCIAL STATEMENTS CURRENT RECEIVABLES & INVENTORIES
156 GE 2015 FORM 10-K
NOTE 4. CURRENT RECEIVABLES
Consolidated(a) GE(b)
December 31 (In millions) 2015 2014 2015 2014
Power $ 6,675 $ 4,071
$ 4,377
$ 2,149
Renewable Energy 2,336 895 1,418
616
Oil & Gas 4,958 5,793 2,764 3,233
Energy Management 2,930 1,655 1,980 731
A
viation 4,133 4,656 1,876 1,997
Healthcare 4,022 4,350 1,943 2,241
Transportation 609 454 193 351
A
ppliances & Lighting 1,502 1,466 194 214
Corporate items and eliminations 372 391 464 466
27,538 23,732 15,209 11,998
Less Allowance for Losses (515) (495) (502) (485)
Total $ 27,022 $ 23,237 $ 14,707 $ 11,513
(a) Includes GE industrial customer receivables factored through a GE Capital affiliate and reported as financing receivables by GE Capital of
$13,042 million and $12,533 million at December 31, 2015 and 2014, respectively.
(b) GE current receivables of $251 million and $254 million at December 31, 2015 and 2014, respectively, arose from sales, principally of Aviation
goods and services, on open account to various agencies of the U.S. government. As a percentage of GE revenues, approximately 4% of GE
sales of goods and services were to the U.S. government in 2015, compared with 3% in 2014 and 4% in 2013.
GE current receivables balances at December 31, 2015 and 2014, before allowance for losses, included $10,535 million and $7,808
million, respectively, from sales of goods and services to customers, and $17 million and $22 million at December 31, 2015 and 2014,
respectively, from transactions with associated companies. The remainder of the balances primarily relates to supplier advances,
revenue sharing programs and other non-income based tax receivables.
NOTE 5. INVENTORIES
December 31
(
In millions
)
2015 2014
GE
Raw materials and work in process $ 13,415 $ 9,963
Finished goods 8,199 6,982
Unbilled shipments 628 755
22,243 17,701
Revaluation to LIFO 207 (62)
Total GE 22,449 17,639
GE Capital
Finished goods 66 50
Total consolidated $ 22,515 $ 17,689
Inventory increased $4,826 million in 2015 primarily due to the Alstom acquisition of $4,298 million.
156 GE 2015 FORM 10-K