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general_electric_analysis_paper.docxGeneral Electric 14
General Electric
Financial Analysis
Nicole Henry
EXECUTIVE SUMMARY
General Electric has been in business for over a century now and the inception of the dynamo has been the key to one of the largest global names. The company has been able to financially provide for the electrical and then today in the financial sector as well. This is reflected in the financial position of the company which has performed in the double digits during tough times. When analyzing the financial position of the company, it is evident that the performance that the company had been gaining for over a period has now started seeing a settlement impact. This means that the growth perspective that the company was seeing over the last couple of years have now subsided. The impact of growth is visible in the current year where the company’s financial position took a dip. Although the dip is the settlement of the exceeding performance; and has a subsided impact from the financial crunch in the previous decade around the globe.
ANALYSIS OVERVIEW
In order to analyze a company which has its operations in different business factions there are certain questions that need to be raised. The first question is that with such a gigantic business across the globe, is it feasible to break the financial analysis on a business wise or is the company feasible to be analyzed in a single entity perspective. The perspective reveals that the company analyzes its performance as a single entity and hence all the stakeholders are considered under a single arena. Thence, the review has to be taken in the single entity perspective. Along with this, there is a portion of performance review which is to set the trends for the future. The perspective cannot be taken as the downward trend, but this has to be taken as a moving average of the recent years. The financial analysis will reveal what factions of the company underperformed and led to a decrease in the financial position. The financial ratios used in the study reveal the position and performance of the company in the perspective of how each pillar has performed. This ratio analysis will also be an intricate combination of the businesses of the company to augment each pillar.
ASSUMPTIONS
The basis for carrying out the financial analysis for the company involves the changing trends of the company and the industry itself. Although the company’s financial positions appear to present strong performance, the underlying belief is that the company is now in a position where the product and service demand is increasing. Connecting the dots, the company is carrying out the sales with controlled receivables. The assumption set here is that the company’s growth in sales trends for products and services is not driven through increasing credit exposure. Along with this, there is an increased trend for cost hikes. This is assumed to be driven from the pricing positions in the market and the underlying costs required to be fared in order to promote the product against competition.
FINANCIAL RATIO ANALYSIS
Company financial performance is often integrated by stakeholders in the bottom line. This requires that the company indicates strong performance in the financial perspective keeping the costs in controls and setting the strategic direction to increase revenues. However, for stakeholder management it is integral that the actual performance is reported instead of inflated performance. This ensures that the real picture is communicated to ensure that the investment decision by the stakeholders is in the right direction. The base analysis on which the ratio integration is being done is based on the fact that the potential within General Electric using the current base is huge.
Gross Profit Margin
The basic dimension where an investor eyes the company is this ratio. This is primarily the actual scenario which depicts how well the company’s product is moving in the market. The real picture is covered from the company’s cost of goods sold and the revenues generated from the base (Drake, Fabozzi, 2010). The financial figures reveal that for GE the performance during the last decade is now taking a set down where the company was able to generate over 50% in its gross profits. However, the company has taken a dip primarily because the costs of products over the period have increased substantially impacting the actual position of the profitability of the company. The evident change in the company’s sales is visible from the drift in the change in sales of financial assets which have slowed down over the period. This decrease in the sales of financial assets and other income from subsidiary portions has impacted the decrease in profitability position of the company.
Net Profit Margin
For any organization the bottom line is the key to the future successes. The net income ratio indicates how well the efforts and strategy of the company is working to be able to charge a premium from the market. The stronger the position of the company, the greater is the management and stakeholders in the position to take risks. Without the company showing stability and growth in the profitability, the future risks will have to be hedged. The growths in the net profit ratio of the company from below 8% to well over 125 basis points indicate that the company is seeking growth with controlled risk factions taken. This means that the company will be able to take greater risks in the current position. This is primarily because the company has been able to control the cost factions of the company and has diverted more of the efforts towards investing into getting the goods and services to the markets.
Operating Profit Margin
The operating profits define how well the company is able to utilize the operational activities within the company to translate the product into sales. With products and services both integrated into one line of business, it is evident that the challenge will continue to persist in developing operating profits (Lundholm, Sloan, 2012). This is primarily because the profitability driven in the services sector is based on the square units of space being occupied while the product sales remain the key parameter for the businesses in product lines. However, when analyzing General Electric, it is visible that the company’s operating margins continued to flourish. Although in double digit growth, the operating margins have also seen a set off in the current period.
Return on Equity (ROE)
Investment into a company done by a stakeholder is only on the premise that the client expects to generate an anticipated rate or return or probably higher. These expectations set forth by the investor sets the drive and the target for the company. This belief by the investor has to translate into how the company drives the strategy. This has to be set forth in a manner that the company exceeds the budget settings of the stakeholders. For a company with such global presence and strong product lines, the achievement to the stakeholder expectations is important. This has been visible in the last three years where the company has been able to increase the return to its investors into the double digit numbers. However, this grilling of performance is visible where the company grew to over 12% of return on its invested equity which has taken off a settling in the current period to just over the 11% mark.
Return on Assets (Du Pont Ratio)
The invested capital in a company is utilized into developing assets for the company. These asset build ups are the key parameters which build up to the future revenue generation. These assets have to be the levers which will grow the organization in terms of revenue and the expectations set forth by the stakeholders. When we review the volumetric figures of the company, the performance of just around 2% return on assets would appear to be substantially low. However, the industry average has been substantially low. Comparing to the overall industry is not feasible primarily because of the diversified business portfolio that the company maintains. This holds high that the company has been able to raise the bar for performance of the company’s assets. Concurrently, the company will have to increase the revenue per product and sales to ensure that the Du Pont ratio goes up.
Current Ratio
Liquidity is a key parameter which is a point of concern for large organization. In general situations, it is the key parameter that the company is evaluated on. When the analysis is done, the figures for performance of profitability may appear to be exciting for stakeholders; however, the actual performance may appear to be weak due to reduced liquidity. The consideration for growth requires that the company may move forward to continue credit sales. This will mean that the liquidity for the company may become a pressing issue and reduce the actual position of the company (Bodie, Kane, Marcus, 2011). When evaluating the position of General Electric, the liquidity position was considered to be weak during the flowing period; however, over the period the company has been able to raise the bar to over 1. This means that with the current assets in hand the company will be able to pay off the current debts that the company holds.
Inventory Turnover Ratio
For any organization, it is necessary that the company moves its assets continuously. Without the assets inventory in a stagnant position, the worry for the company will increase. This is because the assets of the company would be in a stagnant position and the product would have become stale. The company cannot carry stale products on its assets line because this would show an inflated asset book which would actually not reap any returns. Slow moving inventory indicates that the company will have to review the product line within the market and address the needs of the market urgently. Without the right kind of review, the organization will not be able to identify and strategize the products concurrently. Often there is a situation pressed with the company where the product is well ahead of the time to market. Keeping this situation, the organization may not be able to generate sales and will have to let go of the innovation used. However, in a situation where the organization is in a product and service industry, it has to ensure that the product sales do compliment the services that the company offers and vice versa. Specifically in a financial assets market, the products have tended to move slowly since the changing economic times after the slump. This has led to the fact that the sales of newer products in the markets are being taken with care and immediate investment drive from the market is not happening. When we evaluate General Electric’s position in the company’s inventory turnover has coherently slowed down over the period. The profitability of the company has continued to grow but the amount of sales undertaken and the time taken for the product to reach out of the inventory status into the market has substantially increased. From just above 58 days, the organization is now facing a challenge where the time period has gone over 75 days. This has been a result of the slow growth in the financial product sales. Increasing the sales of the financial products will not be the only key factor but also include that the company creates market acceptability for the product.
Assets Turnover
The turnover of assets indicates how well the company is able to turn the assets of the company into sales. Indicative of the fact, this movement and ratio indicates how well the company has strategized its direction. When we evaluate the company’s turnover of assets it is visible that the company has been able to translate its assets into a greater revenue generating position. Although this looks in contrary to the inventory turnover of the company, but the usage of assets build up of the company represent a better figure with a growth from around 20% in 2010 the company has been able to raise the bar to above 21.5%.
Debt Ratio
Companies have different strategies of financing their operations. Generally all the investments are not directed from a single source of funding. The ratio of debt indicates that the amount of leverage an organization has taken in order to build up the assets. It is important to understand and continually monitor the level of debt that the company maintains. This is because with low liquidity and unplanned debt the company may not be able to translate its sales efforts into coherent success stories. When evaluating the company’s debt levels it is integral that the risk exposure and the interest costs are evaluated. For General Electric having such a massive product portfolio and a global presence it may not be visibly difficult for the organization to manage the debts and interest levels. The company has already reduced the debt levels which hovered around the 83% mark has reduced substantially to around the 81% mark.
COMMON SIZE FINANCIAL STATEMENTS
When evaluating the financial statements it is necessary that the component evaluation is done for each statement. This component split allows the contribution factor to be evaluated and to understand how well the company is able to translate the components into performance. The income statement of the company is evaluated the common size that the product sales and sales from GECS comprise the major portion of the revenues. And in order to be able to cover these product sales, the costs of goods sold comprise the major costs of the company. This costs have been going up for the company in the last couple of periods and the company will have to ensure that the product sales reach economies of scale.
Along with this, the financial reviews of the company’s books reveal that the company has a major portion of the assets comprise of the financial receivables. This means that the company will have to ensure that the receivables turnover reduces and does not translate into bad debts and assets. Along with this, the company’s liabilities comprise of the long term receivables and hence the company will have to turn the assets to incorporate its payment structure.
TREND ANALYSIS
When analyzing General Electric’s trend it is visible that the company’s sales growth has primarily been driven from the sales of products which have averaged just above the 9% mark. However, in comparison to the product sales, the company’s sales of services have taken a dip. This has been driven from the increased competition in the market and the brand perception that the company has in the market. More importantly, an important component of the financial statement is the interest expense. This indicates the level of financial leverage that the company is in. A decline in this indicator highlights that the company is taking a less risk based route with paying off the outstanding debts. The company’s double digit growth in income from 2010 has been offset in 2011. This has been a correcting figure that the company has fared. With visible growth in the product sales, the company has increased its inventory balance and has managed its receivables exposure to a controlled level and decreased it substantially. The performance of the product is visible from the increased goodwill for the company which is a qualitative figure and is increasing. A decline in this figure in the concurrent year is not a decline in the market value but readjustments to the changing dynamics of the market. The liability side of the balance sheet indicates that the company ventured off with the businesses for sale and selling them off has increased the company’s bank deposits meanwhile reduced assets of property.
INFERENCES AND CONCLUSION
Trend analysis and the ratio analysis indicate that with respect to competition, the company is in good shape in the market. However, the spike that the company has assumed in 2011 has taken off a settle in 2012. This is primarily because of the increased market penetration by the company. However, the company’s financial assets continue to grow; the earnings have taken a down tone where the cost of business has been increasing. The company’s strategic understanding of the market appears to be clear and appears to be in line with the quantitative market analysis which is indicated by the inventory management done by the company. In order to continue to flourish and increase the added advantage from the business operandi, the current income portions are being used to pay off short term debts with long term exposures of risk being used to build revenue generating assets.
REFERENCES
Drake, P. P., & Fabozzi, F. J. (2010). Financial ratio analysis. Handbook of Finance.
Lundholm, R., & Sloan, R. (2012). Equity Valuation and Analysis w/eVal. New York: McGraw-Hill/Irwin.
Bodie, Z., Kane, A., & Marcus, A. J. (2011). Investments and portfolio management. McGraw-Hill/Irwin.
APPENDIX
BALANCE SHEET
|
Period Ending |
2012 |
2011 |
|
|
|
|
|
Assets |
|
|
|
Cash And Cash Equivalents |
-8.46% |
7.02% |
|
Investment Securities |
2.40% |
7.82% |
|
Current Receivables |
4.99% |
9.97% |
|
Inventory |
11.47% |
19.66% |
|
Net Financial Receivables |
-7.82% |
-9.72% |
|
Other GECS Receivables |
5.29% |
-15.53% |
|
Net Property, Plant & Equipment |
6.09% |
-0.72% |
|
Investment in GECC |
- |
- |
|
Goodwill |
1.13% |
12.64% |
|
Other intangible assets - net |
-0.67% |
21.01% |
|
All other assets |
-10.41% |
15.94% |
|
Asset of Businesses held for sale |
-70.32% |
-98.07% |
|
Assets of Discontinued Operations |
-34.05% |
-67.39% |
|
Total Assets |
-4.58% |
-4.40% |
|
|
|
|
|
Liabilities |
|
|
|
Short Term Borrowings |
-26.32% |
16.66% |
|
Accounts Payable, Principally Trade Accounts |
-4.42% |
11.89% |
|
Progress Collections and Price Adjustments accrued |
-4.16% |
1.86% |
|
Dividends Payable |
10.18% |
14.97% |
|
Other GE Current Liabilities |
0.67% |
29.84% |
|
Non-recourse borrowings of consolidated securitization entities |
2.96% |
-2.67% |
|
Bank Deposits |
7.76% |
15.60% |
|
Long Term Borrowings |
-3.03% |
-17.00% |
|
Investment contracts, insurance liabilities and insurance annuity benefits |
-5.06% |
0.65% |
|
All other Liabilities |
-2.80% |
20.07% |
|
Deferred Income Taxes |
-42.75% |
-104.61% |
|
Liabilities of businesses held for sale |
-54.49% |
-97.85% |
|
Liabilities of discontinued operations |
43.95% |
-29.39% |
|
Total Liabilities |
-7.20% |
-4.30% |
|
|
|
|
|
Stockholders' Equity |
|
|
|
GECC Preferred Stocks |
- |
- |
|
Common Stock |
0.00% |
0.00% |
|
Investment securities |
-2356.67% |
-95.28% |
|
Currency translation adjustments |
209.77% |
-254.65% |
|
Cash flow hedges |
-38.61% |
-8.13% |
|
Benefit plans |
-10.06% |
44.46% |
|
Other Capital |
-1.85% |
-8.67% |
|
Retained Earnings |
4.55% |
5.07% |
|
Less Common Stock held in treasury |
8.82% |
-0.53% |
|
Total Stockholder Equity |
5.66% |
-2.10% |
|
Noncontrolling interests |
220.99% |
-67.77% |
|
Total Liabilities & Equity |
-4.58% |
-4.40% |
INCOME STATEMENT
|
Period Ending |
2012 |
2011 |
|
REVENUES |
|
|
|
Sales of Goods |
9.15% |
9.97% |
|
Sales of Services |
-1.77% |
-30.23% |
|
Other Income |
-49.39% |
339.97% |
|
GECS earnings from continuing operations |
- |
- |
|
GECS revenues from services |
-6.40% |
-1.90% |
|
Total Revenue |
0.05% |
-1.95% |
|
|
|
|
|
Cost & Expenses |
|
|
|
Cost of Goods Sold |
10.36% |
11.85% |
|
Cost of Services Sold |
4.17% |
-34.56% |
|
Interests and other Financial Charges |
-13.90% |
-9.10% |
|
Investment contracts, insurance losses and insurance annuity benefits |
-1.89% |
-3.32% |
|
Provision for losses on financing receivables |
-1.52% |
-45.06% |
|
Other costs and expenses |
-2.61% |
-1.95% |
|
Total Costs & Expenses |
2.30% |
-6.60% |
|
|
|
|
|
EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES |
-14.07% |
42.57% |
|
Benefit (provision) for income taxes |
-56.36% |
446.48% |
|
|
|
|
|
EARNINGS FROM CONTINUING OPERATIONS |
2.64% |
10.34% |
|
Earnings (loss) from discontinued operations, net of taxes |
1265.79% |
-92.24% |
|
|
|
|
|
Net Earnings |
-4.01% |
18.59% |
|
Less net earnings attributable to noncontrolling interests |
-23.63% |
-45.42% |
|
|
|
|
|
NET EARNINGS ATTRIBUTABLE TO THE COMPANY |
-3.60% |
21.53% |
|
Preferred stock dividends declared |
-100.00% |
243.67% |
|
|
|
|
|
NET EARNINGS ATTRIBUTABLE TO GE COMMON SHAREOWNERS |
3.97% |
15.66% |
201220112010
Gross Margin Ratio49.57%53.64%52.26%
Sheet1
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-13 | 31-Dec-14 | 31-Dec-15 | 2012 | 2011 | |||
| REVENUES | ||||||||||||||
| Sales of Goods | 72,991 | 66,875 | 60,812 | 50% | 45% | 40% | 69,938 | 70,548 | 70,609 | 9.15% | 9.97% | |||
| Sales of Services | 27,158 | 27,648 | 39,625 | 18% | 19% | 26% | 28,552 | 28,043 | 28,107 | -1.77% | -30.23% | |||
| Other Income | 2,563 | 5,064 | 1,151 | 2% | 3% | 1% | 3,172 | 3,179 | 3,115 | -49.39% | 339.97% | |||
| GECS earnings from continuing operations | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | - 0 | - 0 | - 0 | |||
| GECS revenues from services | 44,647 | 47,701 | 48,623 | 30% | 32% | 32% | 45,961 | 45,741 | 45,697 | -6.40% | -1.90% | |||
| Total Revenue | 147,359 | 147,288 | 150,211 | 100% | 100% | 100% | 147,623 | 147,510 | 147,529 | 0.05% | -1.95% | |||
| Cost & Expenses | ||||||||||||||
| Cost of Goods Sold | 56,785 | 51,455 | 46,005 | 39% | 35% | 31% | 54,108 | 54,646 | 54,698 | 10.36% | 11.85% | |||
| Cost of Services Sold | 17,525 | 16,823 | 25,708 | 12% | 11% | 17% | 18,133 | 17,819 | 17,884 | 4.17% | -34.56% | |||
| Interests and other Financial Charges | 12,508 | 14,528 | 15,983 | 8% | 10% | 11% | 13,462 | 13,282 | 13,259 | -13.90% | -9.10% | |||
| Investment contracts, insurance losses and insurance annuity benefits | 2,857 | 2,912 | 3,012 | 2% | 2% | 2% | 2,889 | 2,882 | 2,881 | -1.89% | -3.32% | |||
| Provision for losses on financing receivables | 3,891 | 3,951 | 7,191 | 3% | 3% | 5% | 4,239 | 4,106 | 4,124 | -1.52% | -45.06% | |||
| Other costs and expenses | 36,387 | 37,362 | 38,104 | 25% | 25% | 25% | 36,851 | 36,763 | 36,752 | -2.61% | -1.95% | |||
| Total Costs & Expenses | 129,953 | 127,031 | 136,003 | 88.19% | 86.25% | 90.54% | 129,681 | 129,498 | 129,598 | 2.30% | -6.60% | |||
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 17,406 | 20,257 | 14,208 | 11.81% | 13.75% | 9.46% | 17,942 | 18,012 | 17,930 | -14.07% | 42.57% | |||
| Benefit (provision) for income taxes | (2,504) | (5,738) | (1,050) | -2% | -4% | -1% | (3,329) | (3,322) | (3,242) | -56.36% | 446.48% | |||
| EARNINGS FROM CONTINUING OPERATIONS | 14,902 | 14,519 | 13,158 | 10.11% | 9.86% | 8.76% | 14,613 | 14,690 | 14,688 | 2.64% | 10.34% | |||
| Earnings (loss) from discontinued operations, net of taxes | (1,038) | (76) | (979) | -1% | -0% | -1% | (743) | (765) | (786) | 1265.79% | -92.24% | |||
| Net Earnings | 13,864 | 14,443 | 12,179 | 9.41% | 9.81% | 8.11% | 13,869 | 13,925 | 13,902 | -4.01% | 18.59% | |||
| Less net earnings attributable to noncontrolling interests | 223 | 292 | 535 | 0% | 0% | 0% | 275 | 261 | 261 | -23.63% | -45.42% | |||
| NET EARNINGS ATTRIBUTABLE TO THE COMPANY | 13,641 | 14,151 | 11,644 | 9.26% | 9.61% | 7.75% | 13,594 | 13,664 | 13,641 | -3.60% | 21.53% | |||
| Preferred stock dividends declared | - 0 | (1,031) | (300) | 0% | -1% | -0% | (339) | (307) | (286) | -100.00% | 243.67% | |||
| NET EARNINGS ATTRIBUTABLE TO GE COMMON SHAREOWNERS | 13,641 | 13,120 | 11,344 | 9.26% | 8.91% | 7.55% | 13,255 | 13,357 | 13,355 | 3.97% | 15.66% |
Sheet2
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 2012 | 2011 | ||
| Assets | ||||||||||
| Cash And Cash Equivalents | 77,356 | 84,501 | 78,958 | 11% | 12% | 11% | -8.46% | 7.02% | ||
| Investment Securities | 48,510 | 47,374 | 43,938 | 7% | 7% | 6% | 2.40% | 7.82% | ||
| Current Recievables | 21,500 | 20,478 | 18,621 | 3% | 3% | 2% | 4.99% | 9.97% | ||
| Inventory | 15,374 | 13,792 | 11,526 | 2% | 2% | 2% | 11.47% | 19.66% | ||
| Net Financial Recievables | 258,028 | 279,918 | 310,055 | 38% | 39% | 41% | -7.82% | -9.72% | ||
| Other GECS Recievables | 7,961 | 7,561 | 8,951 | 1% | 1% | 1% | 5.29% | -15.53% | ||
| Net Property, Plant & Equipment | 69,743 | 65,739 | 66,214 | 10% | 9% | 9% | 6.09% | -0.72% | ||
| Investment in GECC | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Goodwill | 73,447 | 72,625 | 64,473 | 11% | 10% | 9% | 1.13% | 12.64% | ||
| Other intangible assets - net | 11,987 | 12,068 | 9,973 | 2% | 2% | 1% | -0.67% | 21.01% | ||
| All other assets | 100,076 | 111,701 | 96,342 | 15% | 16% | 13% | -10.41% | 15.94% | ||
| Asset of Businesses held for sale | 211 | 711 | 36,887 | 0% | 0% | 5% | -70.32% | -98.07% | ||
| Assets of Discontinued Operations | 1,135 | 1,721 | 5,278 | 0% | 0% | 1% | -34.05% | -67.39% | ||
| Total Assets | 685,328 | 718,189 | 751,216 | 100.00% | 100.00% | 100.00% | -4.58% | -4.40% | ||
| Liabilities | ||||||||||
| Short Term Borrowings | 101,392 | 137,611 | 117,959 | 18% | 23% | 19% | -26.32% | 16.66% | ||
| Accounts Payable, Principally Trade Accounts | 15,675 | 16,400 | 14,657 | 3% | 3% | 2% | -4.42% | 11.89% | ||
| Progress Collections and Price Adjustments accrued | 10,877 | 11,349 | 11,142 | 2% | 2% | 2% | -4.16% | 1.86% | ||
| Dividends Payable | 1,980 | 1,797 | 1,563 | 0% | 0% | 0% | 10.18% | 14.97% | ||
| Other GE Current Liabilities | 14,895 | 14,796 | 11,396 | 3% | 2% | 2% | 0.67% | 29.84% | ||
| Non-recourse borrowings of consolidated securitization entities | 30,123 | 29,258 | 30,060 | 5% | 5% | 5% | 2.96% | -2.67% | ||
| Bank Deposits | 46,461 | 43,115 | 37,298 | 8% | 7% | 6% | 7.76% | 15.60% | ||
| Long Term Borrowings | 236,084 | 243,459 | 293,323 | 42% | 41% | 47% | -3.03% | -17.00% | ||
| Investment contracts, insurance liabilities and insurance annuity benefits | 28,268 | 29,774 | 29,582 | 5% | 5% | 5% | -5.06% | 0.65% | ||
| All other Liabilities | 68,676 | 70,653 | 58,844 | 12% | 12% | 9% | -2.80% | 20.07% | ||
| Deferred Income Taxes | (75) | (131) | 2,840 | -0% | -0% | 0% | -42.75% | -104.61% | ||
| Liabilities of businesses held for sale | 157 | 345 | 16,047 | 0% | 0% | 3% | -54.49% | -97.85% | ||
| Liabilities of discontinued operations | 2,345 | 1,629 | 2,307 | 0% | 0% | 0% | 43.95% | -29.39% | ||
| Total Liabilities | 556,858 | 600,055 | 627,018 | 100% | 100% | 100% | -7.20% | -4.30% | ||
| Stockholders' Equity | ||||||||||
| GECC Preferred Stocks | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Common Stock | 702 | 702 | 702 | 1% | 1% | 1% | 0.00% | 0.00% | ||
| Investment securities | 677 | (30) | (636) | 1% | -0% | -1% | -2356.67% | -95.28% | ||
| Currency translation adjustments | 412 | 133 | (86) | 0% | 0% | -0% | 209.77% | -254.65% | ||
| Cash flow hedges | (722) | (1,176) | (1,280) | -1% | -1% | -1% | -38.61% | -8.13% | ||
| Benefit plans | (20,597) | (22,901) | (15,853) | -17% | -20% | -13% | -10.06% | 44.46% | ||
| Other Capital | 33,070 | 33,693 | 36,890 | 27% | 29% | 31% | -1.85% | -8.67% | ||
| Retained Earnings | 144,055 | 137,786 | 131,137 | 117% | 118% | 110% | 4.55% | 5.07% | ||
| Less Common Stock held in treasury | (34,571) | (31,769) | (31,938) | -28% | -27% | -27% | 8.82% | -0.53% | ||
| Total Stockholder Equity | 123,026 | 116,438 | 118,936 | 100% | 100% | 100% | 5.66% | -2.10% | ||
| Noncontrolling interests | 5,444 | 1,696 | 5262 | 1% | 0% | 1% | 220.99% | -67.77% | ||
| Total Liabilities & Equity | 685,328 | 718,189 | 751,216 | 100% | 100% | 100% | -4.58% | -4.40% |
Sheet3
| 2012 | 2011 | 2010 | ||
| Gross Margin Ratio | 49.57% | 53.64% | 52.26% | Profitability |
| Operating Margin Ratio | 11.81% | 13.75% | 9.46% | Profitability |
| Profit Margin | 9.26% | 9.61% | 7.75% | Profitability |
| ROE | 11.09% | 12.15% | 9.79% | AU & Effi |
| ROA | 1.99% | 1.97% | 1.55% | AU & Effi |
| Current Ratio | 1.12 | 0.91 | 0.98 | Liquidity |
| Quick Ratio | 1.02 | 0.84 | 0.90 | Liquidity |
| Cash Ratio | 0.87 | 0.72 | 0.78 | Liquidity |
| Debt Ratio | 0.81 | 0.84 | 0.83 | Solvency |
| DSO Ratio | 72.97 | 69.48 | 67.00 | AU & Effi |
| Return on Invested Capital | 11.09% | 12.15% | 9.79% | RIC |
| Debt to Equity Ratio | 4.53 | 5.15 | 5.27 | Solvency |
| Interest Coverage Ratio | 2.39 | 2.39 | 1.89 | Solvency |
| EPS | 1.35 | 1.24 | 1.18 | Financial Mkt |
| Payout Ratio | 2.08% | 2.27% | 2.38% | Financial Mkt |
| Dividend Cover | 47.97 | 44.06 | 41.93 | Financial Mkt |
201220112010
Profit Margin9.26%9.61%7.75%
Sheet1
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-13 | 31-Dec-14 | 31-Dec-15 | 2012 | 2011 | |||
| REVENUES | ||||||||||||||
| Sales of Goods | 72,991 | 66,875 | 60,812 | 50% | 45% | 40% | 69,938 | 70,548 | 70,609 | 9.15% | 9.97% | |||
| Sales of Services | 27,158 | 27,648 | 39,625 | 18% | 19% | 26% | 28,552 | 28,043 | 28,107 | -1.77% | -30.23% | |||
| Other Income | 2,563 | 5,064 | 1,151 | 2% | 3% | 1% | 3,172 | 3,179 | 3,115 | -49.39% | 339.97% | |||
| GECS earnings from continuing operations | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | - 0 | - 0 | - 0 | |||
| GECS revenues from services | 44,647 | 47,701 | 48,623 | 30% | 32% | 32% | 45,961 | 45,741 | 45,697 | -6.40% | -1.90% | |||
| Total Revenue | 147,359 | 147,288 | 150,211 | 100% | 100% | 100% | 147,623 | 147,510 | 147,529 | 0.05% | -1.95% | |||
| Cost & Expenses | ||||||||||||||
| Cost of Goods Sold | 56,785 | 51,455 | 46,005 | 39% | 35% | 31% | 54,108 | 54,646 | 54,698 | 10.36% | 11.85% | |||
| Cost of Services Sold | 17,525 | 16,823 | 25,708 | 12% | 11% | 17% | 18,133 | 17,819 | 17,884 | 4.17% | -34.56% | |||
| Interests and other Financial Charges | 12,508 | 14,528 | 15,983 | 8% | 10% | 11% | 13,462 | 13,282 | 13,259 | -13.90% | -9.10% | |||
| Investment contracts, insurance losses and insurance annuity benefits | 2,857 | 2,912 | 3,012 | 2% | 2% | 2% | 2,889 | 2,882 | 2,881 | -1.89% | -3.32% | |||
| Provision for losses on financing receivables | 3,891 | 3,951 | 7,191 | 3% | 3% | 5% | 4,239 | 4,106 | 4,124 | -1.52% | -45.06% | |||
| Other costs and expenses | 36,387 | 37,362 | 38,104 | 25% | 25% | 25% | 36,851 | 36,763 | 36,752 | -2.61% | -1.95% | |||
| Total Costs & Expenses | 129,953 | 127,031 | 136,003 | 88.19% | 86.25% | 90.54% | 129,681 | 129,498 | 129,598 | 2.30% | -6.60% | |||
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 17,406 | 20,257 | 14,208 | 11.81% | 13.75% | 9.46% | 17,942 | 18,012 | 17,930 | -14.07% | 42.57% | |||
| Benefit (provision) for income taxes | (2,504) | (5,738) | (1,050) | -2% | -4% | -1% | (3,329) | (3,322) | (3,242) | -56.36% | 446.48% | |||
| EARNINGS FROM CONTINUING OPERATIONS | 14,902 | 14,519 | 13,158 | 10.11% | 9.86% | 8.76% | 14,613 | 14,690 | 14,688 | 2.64% | 10.34% | |||
| Earnings (loss) from discontinued operations, net of taxes | (1,038) | (76) | (979) | -1% | -0% | -1% | (743) | (765) | (786) | 1265.79% | -92.24% | |||
| Net Earnings | 13,864 | 14,443 | 12,179 | 9.41% | 9.81% | 8.11% | 13,869 | 13,925 | 13,902 | -4.01% | 18.59% | |||
| Less net earnings attributable to noncontrolling interests | 223 | 292 | 535 | 0% | 0% | 0% | 275 | 261 | 261 | -23.63% | -45.42% | |||
| NET EARNINGS ATTRIBUTABLE TO THE COMPANY | 13,641 | 14,151 | 11,644 | 9.26% | 9.61% | 7.75% | 13,594 | 13,664 | 13,641 | -3.60% | 21.53% | |||
| Preferred stock dividends declared | - 0 | (1,031) | (300) | 0% | -1% | -0% | (339) | (307) | (286) | -100.00% | 243.67% | |||
| NET EARNINGS ATTRIBUTABLE TO GE COMMON SHAREOWNERS | 13,641 | 13,120 | 11,344 | 9.26% | 8.91% | 7.55% | 13,255 | 13,357 | 13,355 | 3.97% | 15.66% |
Sheet2
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 2012 | 2011 | ||
| Assets | ||||||||||
| Cash And Cash Equivalents | 77,356 | 84,501 | 78,958 | 11% | 12% | 11% | -8.46% | 7.02% | ||
| Investment Securities | 48,510 | 47,374 | 43,938 | 7% | 7% | 6% | 2.40% | 7.82% | ||
| Current Recievables | 21,500 | 20,478 | 18,621 | 3% | 3% | 2% | 4.99% | 9.97% | ||
| Inventory | 15,374 | 13,792 | 11,526 | 2% | 2% | 2% | 11.47% | 19.66% | ||
| Net Financial Recievables | 258,028 | 279,918 | 310,055 | 38% | 39% | 41% | -7.82% | -9.72% | ||
| Other GECS Recievables | 7,961 | 7,561 | 8,951 | 1% | 1% | 1% | 5.29% | -15.53% | ||
| Net Property, Plant & Equipment | 69,743 | 65,739 | 66,214 | 10% | 9% | 9% | 6.09% | -0.72% | ||
| Investment in GECC | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Goodwill | 73,447 | 72,625 | 64,473 | 11% | 10% | 9% | 1.13% | 12.64% | ||
| Other intangible assets - net | 11,987 | 12,068 | 9,973 | 2% | 2% | 1% | -0.67% | 21.01% | ||
| All other assets | 100,076 | 111,701 | 96,342 | 15% | 16% | 13% | -10.41% | 15.94% | ||
| Asset of Businesses held for sale | 211 | 711 | 36,887 | 0% | 0% | 5% | -70.32% | -98.07% | ||
| Assets of Discontinued Operations | 1,135 | 1,721 | 5,278 | 0% | 0% | 1% | -34.05% | -67.39% | ||
| Total Assets | 685,328 | 718,189 | 751,216 | 100.00% | 100.00% | 100.00% | -4.58% | -4.40% | ||
| Liabilities | ||||||||||
| Short Term Borrowings | 101,392 | 137,611 | 117,959 | 18% | 23% | 19% | -26.32% | 16.66% | ||
| Accounts Payable, Principally Trade Accounts | 15,675 | 16,400 | 14,657 | 3% | 3% | 2% | -4.42% | 11.89% | ||
| Progress Collections and Price Adjustments accrued | 10,877 | 11,349 | 11,142 | 2% | 2% | 2% | -4.16% | 1.86% | ||
| Dividends Payable | 1,980 | 1,797 | 1,563 | 0% | 0% | 0% | 10.18% | 14.97% | ||
| Other GE Current Liabilities | 14,895 | 14,796 | 11,396 | 3% | 2% | 2% | 0.67% | 29.84% | ||
| Non-recourse borrowings of consolidated securitization entities | 30,123 | 29,258 | 30,060 | 5% | 5% | 5% | 2.96% | -2.67% | ||
| Bank Deposits | 46,461 | 43,115 | 37,298 | 8% | 7% | 6% | 7.76% | 15.60% | ||
| Long Term Borrowings | 236,084 | 243,459 | 293,323 | 42% | 41% | 47% | -3.03% | -17.00% | ||
| Investment contracts, insurance liabilities and insurance annuity benefits | 28,268 | 29,774 | 29,582 | 5% | 5% | 5% | -5.06% | 0.65% | ||
| All other Liabilities | 68,676 | 70,653 | 58,844 | 12% | 12% | 9% | -2.80% | 20.07% | ||
| Deferred Income Taxes | (75) | (131) | 2,840 | -0% | -0% | 0% | -42.75% | -104.61% | ||
| Liabilities of businesses held for sale | 157 | 345 | 16,047 | 0% | 0% | 3% | -54.49% | -97.85% | ||
| Liabilities of discontinued operations | 2,345 | 1,629 | 2,307 | 0% | 0% | 0% | 43.95% | -29.39% | ||
| Total Liabilities | 556,858 | 600,055 | 627,018 | 100% | 100% | 100% | -7.20% | -4.30% | ||
| Stockholders' Equity | ||||||||||
| GECC Preferred Stocks | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Common Stock | 702 | 702 | 702 | 1% | 1% | 1% | 0.00% | 0.00% | ||
| Investment securities | 677 | (30) | (636) | 1% | -0% | -1% | -2356.67% | -95.28% | ||
| Currency translation adjustments | 412 | 133 | (86) | 0% | 0% | -0% | 209.77% | -254.65% | ||
| Cash flow hedges | (722) | (1,176) | (1,280) | -1% | -1% | -1% | -38.61% | -8.13% | ||
| Benefit plans | (20,597) | (22,901) | (15,853) | -17% | -20% | -13% | -10.06% | 44.46% | ||
| Other Capital | 33,070 | 33,693 | 36,890 | 27% | 29% | 31% | -1.85% | -8.67% | ||
| Retained Earnings | 144,055 | 137,786 | 131,137 | 117% | 118% | 110% | 4.55% | 5.07% | ||
| Less Common Stock held in treasury | (34,571) | (31,769) | (31,938) | -28% | -27% | -27% | 8.82% | -0.53% | ||
| Total Stockholder Equity | 123,026 | 116,438 | 118,936 | 100% | 100% | 100% | 5.66% | -2.10% | ||
| Noncontrolling interests | 5,444 | 1,696 | 5262 | 1% | 0% | 1% | 220.99% | -67.77% | ||
| Total Liabilities & Equity | 685,328 | 718,189 | 751,216 | 100% | 100% | 100% | -4.58% | -4.40% |
Sheet3
| 2012 | 2011 | 2010 | ||
| Gross Margin Ratio | 49.57% | 53.64% | 52.26% | Profitability |
| Operating Margin Ratio | 11.81% | 13.75% | 9.46% | Profitability |
| Profit Margin | 9.26% | 9.61% | 7.75% | Profitability |
| ROE | 11.09% | 12.15% | 9.79% | AU & Effi |
| ROA | 1.99% | 1.97% | 1.55% | AU & Effi |
| Current Ratio | 1.12 | 0.91 | 0.98 | Liquidity |
| Quick Ratio | 1.02 | 0.84 | 0.90 | Liquidity |
| Cash Ratio | 0.87 | 0.72 | 0.78 | Liquidity |
| Debt Ratio | 0.81 | 0.84 | 0.83 | Solvency |
| DSO Ratio | 72.97 | 69.48 | 67.00 | AU & Effi |
| Return on Invested Capital | 11.09% | 12.15% | 9.79% | RIC |
| Debt to Equity Ratio | 4.53 | 5.15 | 5.27 | Solvency |
| Interest Coverage Ratio | 2.39 | 2.39 | 1.89 | Solvency |
| EPS | 1.35 | 1.24 | 1.18 | Financial Mkt |
| Payout Ratio | 2.08% | 2.27% | 2.38% | Financial Mkt |
| Dividend Cover | 47.97 | 44.06 | 41.93 | Financial Mkt |
201220112010
Operating Margin Ratio11.81%13.75%9.46%
Sheet1
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-13 | 31-Dec-14 | 31-Dec-15 | 2012 | 2011 | |||
| REVENUES | ||||||||||||||
| Sales of Goods | 72,991 | 66,875 | 60,812 | 50% | 45% | 40% | 69,938 | 70,548 | 70,609 | 9.15% | 9.97% | |||
| Sales of Services | 27,158 | 27,648 | 39,625 | 18% | 19% | 26% | 28,552 | 28,043 | 28,107 | -1.77% | -30.23% | |||
| Other Income | 2,563 | 5,064 | 1,151 | 2% | 3% | 1% | 3,172 | 3,179 | 3,115 | -49.39% | 339.97% | |||
| GECS earnings from continuing operations | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | - 0 | - 0 | - 0 | |||
| GECS revenues from services | 44,647 | 47,701 | 48,623 | 30% | 32% | 32% | 45,961 | 45,741 | 45,697 | -6.40% | -1.90% | |||
| Total Revenue | 147,359 | 147,288 | 150,211 | 100% | 100% | 100% | 147,623 | 147,510 | 147,529 | 0.05% | -1.95% | |||
| Cost & Expenses | ||||||||||||||
| Cost of Goods Sold | 56,785 | 51,455 | 46,005 | 39% | 35% | 31% | 54,108 | 54,646 | 54,698 | 10.36% | 11.85% | |||
| Cost of Services Sold | 17,525 | 16,823 | 25,708 | 12% | 11% | 17% | 18,133 | 17,819 | 17,884 | 4.17% | -34.56% | |||
| Interests and other Financial Charges | 12,508 | 14,528 | 15,983 | 8% | 10% | 11% | 13,462 | 13,282 | 13,259 | -13.90% | -9.10% | |||
| Investment contracts, insurance losses and insurance annuity benefits | 2,857 | 2,912 | 3,012 | 2% | 2% | 2% | 2,889 | 2,882 | 2,881 | -1.89% | -3.32% | |||
| Provision for losses on financing receivables | 3,891 | 3,951 | 7,191 | 3% | 3% | 5% | 4,239 | 4,106 | 4,124 | -1.52% | -45.06% | |||
| Other costs and expenses | 36,387 | 37,362 | 38,104 | 25% | 25% | 25% | 36,851 | 36,763 | 36,752 | -2.61% | -1.95% | |||
| Total Costs & Expenses | 129,953 | 127,031 | 136,003 | 88.19% | 86.25% | 90.54% | 129,681 | 129,498 | 129,598 | 2.30% | -6.60% | |||
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 17,406 | 20,257 | 14,208 | 11.81% | 13.75% | 9.46% | 17,942 | 18,012 | 17,930 | -14.07% | 42.57% | |||
| Benefit (provision) for income taxes | (2,504) | (5,738) | (1,050) | -2% | -4% | -1% | (3,329) | (3,322) | (3,242) | -56.36% | 446.48% | |||
| EARNINGS FROM CONTINUING OPERATIONS | 14,902 | 14,519 | 13,158 | 10.11% | 9.86% | 8.76% | 14,613 | 14,690 | 14,688 | 2.64% | 10.34% | |||
| Earnings (loss) from discontinued operations, net of taxes | (1,038) | (76) | (979) | -1% | -0% | -1% | (743) | (765) | (786) | 1265.79% | -92.24% | |||
| Net Earnings | 13,864 | 14,443 | 12,179 | 9.41% | 9.81% | 8.11% | 13,869 | 13,925 | 13,902 | -4.01% | 18.59% | |||
| Less net earnings attributable to noncontrolling interests | 223 | 292 | 535 | 0% | 0% | 0% | 275 | 261 | 261 | -23.63% | -45.42% | |||
| NET EARNINGS ATTRIBUTABLE TO THE COMPANY | 13,641 | 14,151 | 11,644 | 9.26% | 9.61% | 7.75% | 13,594 | 13,664 | 13,641 | -3.60% | 21.53% | |||
| Preferred stock dividends declared | - 0 | (1,031) | (300) | 0% | -1% | -0% | (339) | (307) | (286) | -100.00% | 243.67% | |||
| NET EARNINGS ATTRIBUTABLE TO GE COMMON SHAREOWNERS | 13,641 | 13,120 | 11,344 | 9.26% | 8.91% | 7.55% | 13,255 | 13,357 | 13,355 | 3.97% | 15.66% |
Sheet2
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 2012 | 2011 | ||
| Assets | ||||||||||
| Cash And Cash Equivalents | 77,356 | 84,501 | 78,958 | 11% | 12% | 11% | -8.46% | 7.02% | ||
| Investment Securities | 48,510 | 47,374 | 43,938 | 7% | 7% | 6% | 2.40% | 7.82% | ||
| Current Recievables | 21,500 | 20,478 | 18,621 | 3% | 3% | 2% | 4.99% | 9.97% | ||
| Inventory | 15,374 | 13,792 | 11,526 | 2% | 2% | 2% | 11.47% | 19.66% | ||
| Net Financial Recievables | 258,028 | 279,918 | 310,055 | 38% | 39% | 41% | -7.82% | -9.72% | ||
| Other GECS Recievables | 7,961 | 7,561 | 8,951 | 1% | 1% | 1% | 5.29% | -15.53% | ||
| Net Property, Plant & Equipment | 69,743 | 65,739 | 66,214 | 10% | 9% | 9% | 6.09% | -0.72% | ||
| Investment in GECC | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Goodwill | 73,447 | 72,625 | 64,473 | 11% | 10% | 9% | 1.13% | 12.64% | ||
| Other intangible assets - net | 11,987 | 12,068 | 9,973 | 2% | 2% | 1% | -0.67% | 21.01% | ||
| All other assets | 100,076 | 111,701 | 96,342 | 15% | 16% | 13% | -10.41% | 15.94% | ||
| Asset of Businesses held for sale | 211 | 711 | 36,887 | 0% | 0% | 5% | -70.32% | -98.07% | ||
| Assets of Discontinued Operations | 1,135 | 1,721 | 5,278 | 0% | 0% | 1% | -34.05% | -67.39% | ||
| Total Assets | 685,328 | 718,189 | 751,216 | 100.00% | 100.00% | 100.00% | -4.58% | -4.40% | ||
| Liabilities | ||||||||||
| Short Term Borrowings | 101,392 | 137,611 | 117,959 | 18% | 23% | 19% | -26.32% | 16.66% | ||
| Accounts Payable, Principally Trade Accounts | 15,675 | 16,400 | 14,657 | 3% | 3% | 2% | -4.42% | 11.89% | ||
| Progress Collections and Price Adjustments accrued | 10,877 | 11,349 | 11,142 | 2% | 2% | 2% | -4.16% | 1.86% | ||
| Dividends Payable | 1,980 | 1,797 | 1,563 | 0% | 0% | 0% | 10.18% | 14.97% | ||
| Other GE Current Liabilities | 14,895 | 14,796 | 11,396 | 3% | 2% | 2% | 0.67% | 29.84% | ||
| Non-recourse borrowings of consolidated securitization entities | 30,123 | 29,258 | 30,060 | 5% | 5% | 5% | 2.96% | -2.67% | ||
| Bank Deposits | 46,461 | 43,115 | 37,298 | 8% | 7% | 6% | 7.76% | 15.60% | ||
| Long Term Borrowings | 236,084 | 243,459 | 293,323 | 42% | 41% | 47% | -3.03% | -17.00% | ||
| Investment contracts, insurance liabilities and insurance annuity benefits | 28,268 | 29,774 | 29,582 | 5% | 5% | 5% | -5.06% | 0.65% | ||
| All other Liabilities | 68,676 | 70,653 | 58,844 | 12% | 12% | 9% | -2.80% | 20.07% | ||
| Deferred Income Taxes | (75) | (131) | 2,840 | -0% | -0% | 0% | -42.75% | -104.61% | ||
| Liabilities of businesses held for sale | 157 | 345 | 16,047 | 0% | 0% | 3% | -54.49% | -97.85% | ||
| Liabilities of discontinued operations | 2,345 | 1,629 | 2,307 | 0% | 0% | 0% | 43.95% | -29.39% | ||
| Total Liabilities | 556,858 | 600,055 | 627,018 | 100% | 100% | 100% | -7.20% | -4.30% | ||
| Stockholders' Equity | ||||||||||
| GECC Preferred Stocks | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Common Stock | 702 | 702 | 702 | 1% | 1% | 1% | 0.00% | 0.00% | ||
| Investment securities | 677 | (30) | (636) | 1% | -0% | -1% | -2356.67% | -95.28% | ||
| Currency translation adjustments | 412 | 133 | (86) | 0% | 0% | -0% | 209.77% | -254.65% | ||
| Cash flow hedges | (722) | (1,176) | (1,280) | -1% | -1% | -1% | -38.61% | -8.13% | ||
| Benefit plans | (20,597) | (22,901) | (15,853) | -17% | -20% | -13% | -10.06% | 44.46% | ||
| Other Capital | 33,070 | 33,693 | 36,890 | 27% | 29% | 31% | -1.85% | -8.67% | ||
| Retained Earnings | 144,055 | 137,786 | 131,137 | 117% | 118% | 110% | 4.55% | 5.07% | ||
| Less Common Stock held in treasury | (34,571) | (31,769) | (31,938) | -28% | -27% | -27% | 8.82% | -0.53% | ||
| Total Stockholder Equity | 123,026 | 116,438 | 118,936 | 100% | 100% | 100% | 5.66% | -2.10% | ||
| Noncontrolling interests | 5,444 | 1,696 | 5262 | 1% | 0% | 1% | 220.99% | -67.77% | ||
| Total Liabilities & Equity | 685,328 | 718,189 | 751,216 | 100% | 100% | 100% | -4.58% | -4.40% |
Sheet3
| 2012 | 2011 | 2010 | ||
| Gross Margin Ratio | 49.57% | 53.64% | 52.26% | Profitability |
| Operating Margin Ratio | 11.81% | 13.75% | 9.46% | Profitability |
| Profit Margin | 9.26% | 9.61% | 7.75% | Profitability |
| ROE | 11.09% | 12.15% | 9.79% | AU & Effi |
| ROA | 1.99% | 1.97% | 1.55% | AU & Effi |
| Current Ratio | 1.12 | 0.91 | 0.98 | Liquidity |
| Quick Ratio | 1.02 | 0.84 | 0.90 | Liquidity |
| Cash Ratio | 0.87 | 0.72 | 0.78 | Liquidity |
| Debt Ratio | 0.81 | 0.84 | 0.83 | Solvency |
| DSO Ratio | 72.97 | 69.48 | 67.00 | AU & Effi |
| Return on Invested Capital | 11.09% | 12.15% | 9.79% | RIC |
| Debt to Equity Ratio | 4.53 | 5.15 | 5.27 | Solvency |
| Interest Coverage Ratio | 2.39 | 2.39 | 1.89 | Solvency |
| EPS | 1.35 | 1.24 | 1.18 | Financial Mkt |
| Payout Ratio | 2.08% | 2.27% | 2.38% | Financial Mkt |
| Dividend Cover | 47.97 | 44.06 | 41.93 | Financial Mkt |
201220112010
ROE11.09%12.15%9.79%
Sheet1
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-13 | 31-Dec-14 | 31-Dec-15 | 2012 | 2011 | |||
| REVENUES | ||||||||||||||
| Sales of Goods | 72,991 | 66,875 | 60,812 | 50% | 45% | 40% | 69,938 | 70,548 | 70,609 | 9.15% | 9.97% | |||
| Sales of Services | 27,158 | 27,648 | 39,625 | 18% | 19% | 26% | 28,552 | 28,043 | 28,107 | -1.77% | -30.23% | |||
| Other Income | 2,563 | 5,064 | 1,151 | 2% | 3% | 1% | 3,172 | 3,179 | 3,115 | -49.39% | 339.97% | |||
| GECS earnings from continuing operations | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | - 0 | - 0 | - 0 | |||
| GECS revenues from services | 44,647 | 47,701 | 48,623 | 30% | 32% | 32% | 45,961 | 45,741 | 45,697 | -6.40% | -1.90% | |||
| Total Revenue | 147,359 | 147,288 | 150,211 | 100% | 100% | 100% | 147,623 | 147,510 | 147,529 | 0.05% | -1.95% | |||
| Cost & Expenses | ||||||||||||||
| Cost of Goods Sold | 56,785 | 51,455 | 46,005 | 39% | 35% | 31% | 54,108 | 54,646 | 54,698 | 10.36% | 11.85% | |||
| Cost of Services Sold | 17,525 | 16,823 | 25,708 | 12% | 11% | 17% | 18,133 | 17,819 | 17,884 | 4.17% | -34.56% | |||
| Interests and other Financial Charges | 12,508 | 14,528 | 15,983 | 8% | 10% | 11% | 13,462 | 13,282 | 13,259 | -13.90% | -9.10% | |||
| Investment contracts, insurance losses and insurance annuity benefits | 2,857 | 2,912 | 3,012 | 2% | 2% | 2% | 2,889 | 2,882 | 2,881 | -1.89% | -3.32% | |||
| Provision for losses on financing receivables | 3,891 | 3,951 | 7,191 | 3% | 3% | 5% | 4,239 | 4,106 | 4,124 | -1.52% | -45.06% | |||
| Other costs and expenses | 36,387 | 37,362 | 38,104 | 25% | 25% | 25% | 36,851 | 36,763 | 36,752 | -2.61% | -1.95% | |||
| Total Costs & Expenses | 129,953 | 127,031 | 136,003 | 88.19% | 86.25% | 90.54% | 129,681 | 129,498 | 129,598 | 2.30% | -6.60% | |||
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 17,406 | 20,257 | 14,208 | 11.81% | 13.75% | 9.46% | 17,942 | 18,012 | 17,930 | -14.07% | 42.57% | |||
| Benefit (provision) for income taxes | (2,504) | (5,738) | (1,050) | -2% | -4% | -1% | (3,329) | (3,322) | (3,242) | -56.36% | 446.48% | |||
| EARNINGS FROM CONTINUING OPERATIONS | 14,902 | 14,519 | 13,158 | 10.11% | 9.86% | 8.76% | 14,613 | 14,690 | 14,688 | 2.64% | 10.34% | |||
| Earnings (loss) from discontinued operations, net of taxes | (1,038) | (76) | (979) | -1% | -0% | -1% | (743) | (765) | (786) | 1265.79% | -92.24% | |||
| Net Earnings | 13,864 | 14,443 | 12,179 | 9.41% | 9.81% | 8.11% | 13,869 | 13,925 | 13,902 | -4.01% | 18.59% | |||
| Less net earnings attributable to noncontrolling interests | 223 | 292 | 535 | 0% | 0% | 0% | 275 | 261 | 261 | -23.63% | -45.42% | |||
| NET EARNINGS ATTRIBUTABLE TO THE COMPANY | 13,641 | 14,151 | 11,644 | 9.26% | 9.61% | 7.75% | 13,594 | 13,664 | 13,641 | -3.60% | 21.53% | |||
| Preferred stock dividends declared | - 0 | (1,031) | (300) | 0% | -1% | -0% | (339) | (307) | (286) | -100.00% | 243.67% | |||
| NET EARNINGS ATTRIBUTABLE TO GE COMMON SHAREOWNERS | 13,641 | 13,120 | 11,344 | 9.26% | 8.91% | 7.55% | 13,255 | 13,357 | 13,355 | 3.97% | 15.66% |
Sheet2
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 2012 | 2011 | ||
| Assets | ||||||||||
| Cash And Cash Equivalents | 77,356 | 84,501 | 78,958 | 11% | 12% | 11% | -8.46% | 7.02% | ||
| Investment Securities | 48,510 | 47,374 | 43,938 | 7% | 7% | 6% | 2.40% | 7.82% | ||
| Current Recievables | 21,500 | 20,478 | 18,621 | 3% | 3% | 2% | 4.99% | 9.97% | ||
| Inventory | 15,374 | 13,792 | 11,526 | 2% | 2% | 2% | 11.47% | 19.66% | ||
| Net Financial Recievables | 258,028 | 279,918 | 310,055 | 38% | 39% | 41% | -7.82% | -9.72% | ||
| Other GECS Recievables | 7,961 | 7,561 | 8,951 | 1% | 1% | 1% | 5.29% | -15.53% | ||
| Net Property, Plant & Equipment | 69,743 | 65,739 | 66,214 | 10% | 9% | 9% | 6.09% | -0.72% | ||
| Investment in GECC | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Goodwill | 73,447 | 72,625 | 64,473 | 11% | 10% | 9% | 1.13% | 12.64% | ||
| Other intangible assets - net | 11,987 | 12,068 | 9,973 | 2% | 2% | 1% | -0.67% | 21.01% | ||
| All other assets | 100,076 | 111,701 | 96,342 | 15% | 16% | 13% | -10.41% | 15.94% | ||
| Asset of Businesses held for sale | 211 | 711 | 36,887 | 0% | 0% | 5% | -70.32% | -98.07% | ||
| Assets of Discontinued Operations | 1,135 | 1,721 | 5,278 | 0% | 0% | 1% | -34.05% | -67.39% | ||
| Total Assets | 685,328 | 718,189 | 751,216 | 100.00% | 100.00% | 100.00% | -4.58% | -4.40% | ||
| Liabilities | ||||||||||
| Short Term Borrowings | 101,392 | 137,611 | 117,959 | 18% | 23% | 19% | -26.32% | 16.66% | ||
| Accounts Payable, Principally Trade Accounts | 15,675 | 16,400 | 14,657 | 3% | 3% | 2% | -4.42% | 11.89% | ||
| Progress Collections and Price Adjustments accrued | 10,877 | 11,349 | 11,142 | 2% | 2% | 2% | -4.16% | 1.86% | ||
| Dividends Payable | 1,980 | 1,797 | 1,563 | 0% | 0% | 0% | 10.18% | 14.97% | ||
| Other GE Current Liabilities | 14,895 | 14,796 | 11,396 | 3% | 2% | 2% | 0.67% | 29.84% | ||
| Non-recourse borrowings of consolidated securitization entities | 30,123 | 29,258 | 30,060 | 5% | 5% | 5% | 2.96% | -2.67% | ||
| Bank Deposits | 46,461 | 43,115 | 37,298 | 8% | 7% | 6% | 7.76% | 15.60% | ||
| Long Term Borrowings | 236,084 | 243,459 | 293,323 | 42% | 41% | 47% | -3.03% | -17.00% | ||
| Investment contracts, insurance liabilities and insurance annuity benefits | 28,268 | 29,774 | 29,582 | 5% | 5% | 5% | -5.06% | 0.65% | ||
| All other Liabilities | 68,676 | 70,653 | 58,844 | 12% | 12% | 9% | -2.80% | 20.07% | ||
| Deferred Income Taxes | (75) | (131) | 2,840 | -0% | -0% | 0% | -42.75% | -104.61% | ||
| Liabilities of businesses held for sale | 157 | 345 | 16,047 | 0% | 0% | 3% | -54.49% | -97.85% | ||
| Liabilities of discontinued operations | 2,345 | 1,629 | 2,307 | 0% | 0% | 0% | 43.95% | -29.39% | ||
| Total Liabilities | 556,858 | 600,055 | 627,018 | 100% | 100% | 100% | -7.20% | -4.30% | ||
| Stockholders' Equity | ||||||||||
| GECC Preferred Stocks | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Common Stock | 702 | 702 | 702 | 1% | 1% | 1% | 0.00% | 0.00% | ||
| Investment securities | 677 | (30) | (636) | 1% | -0% | -1% | -2356.67% | -95.28% | ||
| Currency translation adjustments | 412 | 133 | (86) | 0% | 0% | -0% | 209.77% | -254.65% | ||
| Cash flow hedges | (722) | (1,176) | (1,280) | -1% | -1% | -1% | -38.61% | -8.13% | ||
| Benefit plans | (20,597) | (22,901) | (15,853) | -17% | -20% | -13% | -10.06% | 44.46% | ||
| Other Capital | 33,070 | 33,693 | 36,890 | 27% | 29% | 31% | -1.85% | -8.67% | ||
| Retained Earnings | 144,055 | 137,786 | 131,137 | 117% | 118% | 110% | 4.55% | 5.07% | ||
| Less Common Stock held in treasury | (34,571) | (31,769) | (31,938) | -28% | -27% | -27% | 8.82% | -0.53% | ||
| Total Stockholder Equity | 123,026 | 116,438 | 118,936 | 100% | 100% | 100% | 5.66% | -2.10% | ||
| Noncontrolling interests | 5,444 | 1,696 | 5262 | 1% | 0% | 1% | 220.99% | -67.77% | ||
| Total Liabilities & Equity | 685,328 | 718,189 | 751,216 | 100% | 100% | 100% | -4.58% | -4.40% |
Sheet3
| 2012 | 2011 | 2010 | ||
| Gross Margin Ratio | 49.57% | 53.64% | 52.26% | Profitability |
| Operating Margin Ratio | 11.81% | 13.75% | 9.46% | Profitability |
| Profit Margin | 9.26% | 9.61% | 7.75% | Profitability |
| ROE | 11.09% | 12.15% | 9.79% | AU & Effi |
| ROA | 1.99% | 1.97% | 1.55% | AU & Effi |
| Current Ratio | 1.12 | 0.91 | 0.98 | Liquidity |
| Quick Ratio | 1.02 | 0.84 | 0.90 | Liquidity |
| Cash Ratio | 0.87 | 0.72 | 0.78 | Liquidity |
| Debt Ratio | 0.81 | 0.84 | 0.83 | Solvency |
| DSO Ratio | 72.97 | 69.48 | 67.00 | AU & Effi |
| Return on Invested Capital | 11.09% | 12.15% | 9.79% | RIC |
| Debt to Equity Ratio | 4.53 | 5.15 | 5.27 | Solvency |
| Interest Coverage Ratio | 2.39 | 2.39 | 1.89 | Solvency |
| EPS | 1.35 | 1.24 | 1.18 | Financial Mkt |
| Payout Ratio | 2.08% | 2.27% | 2.38% | Financial Mkt |
| Dividend Cover | 47.97 | 44.06 | 41.93 | Financial Mkt |
201220112010
ROA1.99%1.97%1.55%
Sheet1
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-13 | 31-Dec-14 | 31-Dec-15 | 2012 | 2011 | |||
| REVENUES | ||||||||||||||
| Sales of Goods | 72,991 | 66,875 | 60,812 | 50% | 45% | 40% | 69,938 | 70,548 | 70,609 | 9.15% | 9.97% | |||
| Sales of Services | 27,158 | 27,648 | 39,625 | 18% | 19% | 26% | 28,552 | 28,043 | 28,107 | -1.77% | -30.23% | |||
| Other Income | 2,563 | 5,064 | 1,151 | 2% | 3% | 1% | 3,172 | 3,179 | 3,115 | -49.39% | 339.97% | |||
| GECS earnings from continuing operations | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | - 0 | - 0 | - 0 | |||
| GECS revenues from services | 44,647 | 47,701 | 48,623 | 30% | 32% | 32% | 45,961 | 45,741 | 45,697 | -6.40% | -1.90% | |||
| Total Revenue | 147,359 | 147,288 | 150,211 | 100% | 100% | 100% | 147,623 | 147,510 | 147,529 | 0.05% | -1.95% | |||
| Cost & Expenses | ||||||||||||||
| Cost of Goods Sold | 56,785 | 51,455 | 46,005 | 39% | 35% | 31% | 54,108 | 54,646 | 54,698 | 10.36% | 11.85% | |||
| Cost of Services Sold | 17,525 | 16,823 | 25,708 | 12% | 11% | 17% | 18,133 | 17,819 | 17,884 | 4.17% | -34.56% | |||
| Interests and other Financial Charges | 12,508 | 14,528 | 15,983 | 8% | 10% | 11% | 13,462 | 13,282 | 13,259 | -13.90% | -9.10% | |||
| Investment contracts, insurance losses and insurance annuity benefits | 2,857 | 2,912 | 3,012 | 2% | 2% | 2% | 2,889 | 2,882 | 2,881 | -1.89% | -3.32% | |||
| Provision for losses on financing receivables | 3,891 | 3,951 | 7,191 | 3% | 3% | 5% | 4,239 | 4,106 | 4,124 | -1.52% | -45.06% | |||
| Other costs and expenses | 36,387 | 37,362 | 38,104 | 25% | 25% | 25% | 36,851 | 36,763 | 36,752 | -2.61% | -1.95% | |||
| Total Costs & Expenses | 129,953 | 127,031 | 136,003 | 88.19% | 86.25% | 90.54% | 129,681 | 129,498 | 129,598 | 2.30% | -6.60% | |||
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 17,406 | 20,257 | 14,208 | 11.81% | 13.75% | 9.46% | 17,942 | 18,012 | 17,930 | -14.07% | 42.57% | |||
| Benefit (provision) for income taxes | (2,504) | (5,738) | (1,050) | -2% | -4% | -1% | (3,329) | (3,322) | (3,242) | -56.36% | 446.48% | |||
| EARNINGS FROM CONTINUING OPERATIONS | 14,902 | 14,519 | 13,158 | 10.11% | 9.86% | 8.76% | 14,613 | 14,690 | 14,688 | 2.64% | 10.34% | |||
| Earnings (loss) from discontinued operations, net of taxes | (1,038) | (76) | (979) | -1% | -0% | -1% | (743) | (765) | (786) | 1265.79% | -92.24% | |||
| Net Earnings | 13,864 | 14,443 | 12,179 | 9.41% | 9.81% | 8.11% | 13,869 | 13,925 | 13,902 | -4.01% | 18.59% | |||
| Less net earnings attributable to noncontrolling interests | 223 | 292 | 535 | 0% | 0% | 0% | 275 | 261 | 261 | -23.63% | -45.42% | |||
| NET EARNINGS ATTRIBUTABLE TO THE COMPANY | 13,641 | 14,151 | 11,644 | 9.26% | 9.61% | 7.75% | 13,594 | 13,664 | 13,641 | -3.60% | 21.53% | |||
| Preferred stock dividends declared | - 0 | (1,031) | (300) | 0% | -1% | -0% | (339) | (307) | (286) | -100.00% | 243.67% | |||
| NET EARNINGS ATTRIBUTABLE TO GE COMMON SHAREOWNERS | 13,641 | 13,120 | 11,344 | 9.26% | 8.91% | 7.55% | 13,255 | 13,357 | 13,355 | 3.97% | 15.66% |
Sheet2
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 2012 | 2011 | ||
| Assets | ||||||||||
| Cash And Cash Equivalents | 77,356 | 84,501 | 78,958 | 11% | 12% | 11% | -8.46% | 7.02% | ||
| Investment Securities | 48,510 | 47,374 | 43,938 | 7% | 7% | 6% | 2.40% | 7.82% | ||
| Current Recievables | 21,500 | 20,478 | 18,621 | 3% | 3% | 2% | 4.99% | 9.97% | ||
| Inventory | 15,374 | 13,792 | 11,526 | 2% | 2% | 2% | 11.47% | 19.66% | ||
| Net Financial Recievables | 258,028 | 279,918 | 310,055 | 38% | 39% | 41% | -7.82% | -9.72% | ||
| Other GECS Recievables | 7,961 | 7,561 | 8,951 | 1% | 1% | 1% | 5.29% | -15.53% | ||
| Net Property, Plant & Equipment | 69,743 | 65,739 | 66,214 | 10% | 9% | 9% | 6.09% | -0.72% | ||
| Investment in GECC | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Goodwill | 73,447 | 72,625 | 64,473 | 11% | 10% | 9% | 1.13% | 12.64% | ||
| Other intangible assets - net | 11,987 | 12,068 | 9,973 | 2% | 2% | 1% | -0.67% | 21.01% | ||
| All other assets | 100,076 | 111,701 | 96,342 | 15% | 16% | 13% | -10.41% | 15.94% | ||
| Asset of Businesses held for sale | 211 | 711 | 36,887 | 0% | 0% | 5% | -70.32% | -98.07% | ||
| Assets of Discontinued Operations | 1,135 | 1,721 | 5,278 | 0% | 0% | 1% | -34.05% | -67.39% | ||
| Total Assets | 685,328 | 718,189 | 751,216 | 100.00% | 100.00% | 100.00% | -4.58% | -4.40% | ||
| Liabilities | ||||||||||
| Short Term Borrowings | 101,392 | 137,611 | 117,959 | 18% | 23% | 19% | -26.32% | 16.66% | ||
| Accounts Payable, Principally Trade Accounts | 15,675 | 16,400 | 14,657 | 3% | 3% | 2% | -4.42% | 11.89% | ||
| Progress Collections and Price Adjustments accrued | 10,877 | 11,349 | 11,142 | 2% | 2% | 2% | -4.16% | 1.86% | ||
| Dividends Payable | 1,980 | 1,797 | 1,563 | 0% | 0% | 0% | 10.18% | 14.97% | ||
| Other GE Current Liabilities | 14,895 | 14,796 | 11,396 | 3% | 2% | 2% | 0.67% | 29.84% | ||
| Non-recourse borrowings of consolidated securitization entities | 30,123 | 29,258 | 30,060 | 5% | 5% | 5% | 2.96% | -2.67% | ||
| Bank Deposits | 46,461 | 43,115 | 37,298 | 8% | 7% | 6% | 7.76% | 15.60% | ||
| Long Term Borrowings | 236,084 | 243,459 | 293,323 | 42% | 41% | 47% | -3.03% | -17.00% | ||
| Investment contracts, insurance liabilities and insurance annuity benefits | 28,268 | 29,774 | 29,582 | 5% | 5% | 5% | -5.06% | 0.65% | ||
| All other Liabilities | 68,676 | 70,653 | 58,844 | 12% | 12% | 9% | -2.80% | 20.07% | ||
| Deferred Income Taxes | (75) | (131) | 2,840 | -0% | -0% | 0% | -42.75% | -104.61% | ||
| Liabilities of businesses held for sale | 157 | 345 | 16,047 | 0% | 0% | 3% | -54.49% | -97.85% | ||
| Liabilities of discontinued operations | 2,345 | 1,629 | 2,307 | 0% | 0% | 0% | 43.95% | -29.39% | ||
| Total Liabilities | 556,858 | 600,055 | 627,018 | 100% | 100% | 100% | -7.20% | -4.30% | ||
| Stockholders' Equity | ||||||||||
| GECC Preferred Stocks | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Common Stock | 702 | 702 | 702 | 1% | 1% | 1% | 0.00% | 0.00% | ||
| Investment securities | 677 | (30) | (636) | 1% | -0% | -1% | -2356.67% | -95.28% | ||
| Currency translation adjustments | 412 | 133 | (86) | 0% | 0% | -0% | 209.77% | -254.65% | ||
| Cash flow hedges | (722) | (1,176) | (1,280) | -1% | -1% | -1% | -38.61% | -8.13% | ||
| Benefit plans | (20,597) | (22,901) | (15,853) | -17% | -20% | -13% | -10.06% | 44.46% | ||
| Other Capital | 33,070 | 33,693 | 36,890 | 27% | 29% | 31% | -1.85% | -8.67% | ||
| Retained Earnings | 144,055 | 137,786 | 131,137 | 117% | 118% | 110% | 4.55% | 5.07% | ||
| Less Common Stock held in treasury | (34,571) | (31,769) | (31,938) | -28% | -27% | -27% | 8.82% | -0.53% | ||
| Total Stockholder Equity | 123,026 | 116,438 | 118,936 | 100% | 100% | 100% | 5.66% | -2.10% | ||
| Noncontrolling interests | 5,444 | 1,696 | 5262 | 1% | 0% | 1% | 220.99% | -67.77% | ||
| Total Liabilities & Equity | 685,328 | 718,189 | 751,216 | 100% | 100% | 100% | -4.58% | -4.40% |
Sheet3
| 2012 | 2011 | 2010 | ||
| Gross Margin Ratio | 49.57% | 53.64% | 52.26% | Profitability |
| Operating Margin Ratio | 11.81% | 13.75% | 9.46% | Profitability |
| Profit Margin | 9.26% | 9.61% | 7.75% | Profitability |
| ROE | 11.09% | 12.15% | 9.79% | AU & Effi |
| ROA | 1.99% | 1.97% | 1.55% | AU & Effi |
| Current Ratio | 1.12 | 0.91 | 0.98 | Liquidity |
| Quick Ratio | 1.02 | 0.84 | 0.90 | Liquidity |
| Cash Ratio | 0.87 | 0.72 | 0.78 | Liquidity |
| Debt Ratio | 0.81 | 0.84 | 0.83 | Solvency |
| DSO Ratio | 72.97 | 69.48 | 67.00 | AU & Effi |
| Return on Invested Capital | 11.09% | 12.15% | 9.79% | RIC |
| Debt to Equity Ratio | 4.53 | 5.15 | 5.27 | Solvency |
| Interest Coverage Ratio | 2.39 | 2.39 | 1.89 | Solvency |
| EPS | 1.35 | 1.24 | 1.18 | Financial Mkt |
| Payout Ratio | 2.08% | 2.27% | 2.38% | Financial Mkt |
| Dividend Cover | 47.97 | 44.06 | 41.93 | Financial Mkt |
201220112010
Current Ratio1.12 0.91 0.98
Sheet1
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-13 | 31-Dec-14 | 31-Dec-15 | 2012 | 2011 | |||
| REVENUES | ||||||||||||||
| Sales of Goods | 72,991 | 66,875 | 60,812 | 50% | 45% | 40% | 69,938 | 70,548 | 70,609 | 9.15% | 9.97% | |||
| Sales of Services | 27,158 | 27,648 | 39,625 | 18% | 19% | 26% | 28,552 | 28,043 | 28,107 | -1.77% | -30.23% | |||
| Other Income | 2,563 | 5,064 | 1,151 | 2% | 3% | 1% | 3,172 | 3,179 | 3,115 | -49.39% | 339.97% | |||
| GECS earnings from continuing operations | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | - 0 | - 0 | - 0 | |||
| GECS revenues from services | 44,647 | 47,701 | 48,623 | 30% | 32% | 32% | 45,961 | 45,741 | 45,697 | -6.40% | -1.90% | |||
| Total Revenue | 147,359 | 147,288 | 150,211 | 100% | 100% | 100% | 147,623 | 147,510 | 147,529 | 0.05% | -1.95% | |||
| Cost & Expenses | ||||||||||||||
| Cost of Goods Sold | 56,785 | 51,455 | 46,005 | 39% | 35% | 31% | 54,108 | 54,646 | 54,698 | 10.36% | 11.85% | |||
| Cost of Services Sold | 17,525 | 16,823 | 25,708 | 12% | 11% | 17% | 18,133 | 17,819 | 17,884 | 4.17% | -34.56% | |||
| Interests and other Financial Charges | 12,508 | 14,528 | 15,983 | 8% | 10% | 11% | 13,462 | 13,282 | 13,259 | -13.90% | -9.10% | |||
| Investment contracts, insurance losses and insurance annuity benefits | 2,857 | 2,912 | 3,012 | 2% | 2% | 2% | 2,889 | 2,882 | 2,881 | -1.89% | -3.32% | |||
| Provision for losses on financing receivables | 3,891 | 3,951 | 7,191 | 3% | 3% | 5% | 4,239 | 4,106 | 4,124 | -1.52% | -45.06% | |||
| Other costs and expenses | 36,387 | 37,362 | 38,104 | 25% | 25% | 25% | 36,851 | 36,763 | 36,752 | -2.61% | -1.95% | |||
| Total Costs & Expenses | 129,953 | 127,031 | 136,003 | 88.19% | 86.25% | 90.54% | 129,681 | 129,498 | 129,598 | 2.30% | -6.60% | |||
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 17,406 | 20,257 | 14,208 | 11.81% | 13.75% | 9.46% | 17,942 | 18,012 | 17,930 | -14.07% | 42.57% | |||
| Benefit (provision) for income taxes | (2,504) | (5,738) | (1,050) | -2% | -4% | -1% | (3,329) | (3,322) | (3,242) | -56.36% | 446.48% | |||
| EARNINGS FROM CONTINUING OPERATIONS | 14,902 | 14,519 | 13,158 | 10.11% | 9.86% | 8.76% | 14,613 | 14,690 | 14,688 | 2.64% | 10.34% | |||
| Earnings (loss) from discontinued operations, net of taxes | (1,038) | (76) | (979) | -1% | -0% | -1% | (743) | (765) | (786) | 1265.79% | -92.24% | |||
| Net Earnings | 13,864 | 14,443 | 12,179 | 9.41% | 9.81% | 8.11% | 13,869 | 13,925 | 13,902 | -4.01% | 18.59% | |||
| Less net earnings attributable to noncontrolling interests | 223 | 292 | 535 | 0% | 0% | 0% | 275 | 261 | 261 | -23.63% | -45.42% | |||
| NET EARNINGS ATTRIBUTABLE TO THE COMPANY | 13,641 | 14,151 | 11,644 | 9.26% | 9.61% | 7.75% | 13,594 | 13,664 | 13,641 | -3.60% | 21.53% | |||
| Preferred stock dividends declared | - 0 | (1,031) | (300) | 0% | -1% | -0% | (339) | (307) | (286) | -100.00% | 243.67% | |||
| NET EARNINGS ATTRIBUTABLE TO GE COMMON SHAREOWNERS | 13,641 | 13,120 | 11,344 | 9.26% | 8.91% | 7.55% | 13,255 | 13,357 | 13,355 | 3.97% | 15.66% |
Sheet2
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 2012 | 2011 | ||
| Assets | ||||||||||
| Cash And Cash Equivalents | 77,356 | 84,501 | 78,958 | 11% | 12% | 11% | -8.46% | 7.02% | ||
| Investment Securities | 48,510 | 47,374 | 43,938 | 7% | 7% | 6% | 2.40% | 7.82% | ||
| Current Recievables | 21,500 | 20,478 | 18,621 | 3% | 3% | 2% | 4.99% | 9.97% | ||
| Inventory | 15,374 | 13,792 | 11,526 | 2% | 2% | 2% | 11.47% | 19.66% | ||
| Net Financial Recievables | 258,028 | 279,918 | 310,055 | 38% | 39% | 41% | -7.82% | -9.72% | ||
| Other GECS Recievables | 7,961 | 7,561 | 8,951 | 1% | 1% | 1% | 5.29% | -15.53% | ||
| Net Property, Plant & Equipment | 69,743 | 65,739 | 66,214 | 10% | 9% | 9% | 6.09% | -0.72% | ||
| Investment in GECC | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Goodwill | 73,447 | 72,625 | 64,473 | 11% | 10% | 9% | 1.13% | 12.64% | ||
| Other intangible assets - net | 11,987 | 12,068 | 9,973 | 2% | 2% | 1% | -0.67% | 21.01% | ||
| All other assets | 100,076 | 111,701 | 96,342 | 15% | 16% | 13% | -10.41% | 15.94% | ||
| Asset of Businesses held for sale | 211 | 711 | 36,887 | 0% | 0% | 5% | -70.32% | -98.07% | ||
| Assets of Discontinued Operations | 1,135 | 1,721 | 5,278 | 0% | 0% | 1% | -34.05% | -67.39% | ||
| Total Assets | 685,328 | 718,189 | 751,216 | 100.00% | 100.00% | 100.00% | -4.58% | -4.40% | ||
| Liabilities | ||||||||||
| Short Term Borrowings | 101,392 | 137,611 | 117,959 | 18% | 23% | 19% | -26.32% | 16.66% | ||
| Accounts Payable, Principally Trade Accounts | 15,675 | 16,400 | 14,657 | 3% | 3% | 2% | -4.42% | 11.89% | ||
| Progress Collections and Price Adjustments accrued | 10,877 | 11,349 | 11,142 | 2% | 2% | 2% | -4.16% | 1.86% | ||
| Dividends Payable | 1,980 | 1,797 | 1,563 | 0% | 0% | 0% | 10.18% | 14.97% | ||
| Other GE Current Liabilities | 14,895 | 14,796 | 11,396 | 3% | 2% | 2% | 0.67% | 29.84% | ||
| Non-recourse borrowings of consolidated securitization entities | 30,123 | 29,258 | 30,060 | 5% | 5% | 5% | 2.96% | -2.67% | ||
| Bank Deposits | 46,461 | 43,115 | 37,298 | 8% | 7% | 6% | 7.76% | 15.60% | ||
| Long Term Borrowings | 236,084 | 243,459 | 293,323 | 42% | 41% | 47% | -3.03% | -17.00% | ||
| Investment contracts, insurance liabilities and insurance annuity benefits | 28,268 | 29,774 | 29,582 | 5% | 5% | 5% | -5.06% | 0.65% | ||
| All other Liabilities | 68,676 | 70,653 | 58,844 | 12% | 12% | 9% | -2.80% | 20.07% | ||
| Deferred Income Taxes | (75) | (131) | 2,840 | -0% | -0% | 0% | -42.75% | -104.61% | ||
| Liabilities of businesses held for sale | 157 | 345 | 16,047 | 0% | 0% | 3% | -54.49% | -97.85% | ||
| Liabilities of discontinued operations | 2,345 | 1,629 | 2,307 | 0% | 0% | 0% | 43.95% | -29.39% | ||
| Total Liabilities | 556,858 | 600,055 | 627,018 | 100% | 100% | 100% | -7.20% | -4.30% | ||
| Stockholders' Equity | ||||||||||
| GECC Preferred Stocks | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Common Stock | 702 | 702 | 702 | 1% | 1% | 1% | 0.00% | 0.00% | ||
| Investment securities | 677 | (30) | (636) | 1% | -0% | -1% | -2356.67% | -95.28% | ||
| Currency translation adjustments | 412 | 133 | (86) | 0% | 0% | -0% | 209.77% | -254.65% | ||
| Cash flow hedges | (722) | (1,176) | (1,280) | -1% | -1% | -1% | -38.61% | -8.13% | ||
| Benefit plans | (20,597) | (22,901) | (15,853) | -17% | -20% | -13% | -10.06% | 44.46% | ||
| Other Capital | 33,070 | 33,693 | 36,890 | 27% | 29% | 31% | -1.85% | -8.67% | ||
| Retained Earnings | 144,055 | 137,786 | 131,137 | 117% | 118% | 110% | 4.55% | 5.07% | ||
| Less Common Stock held in treasury | (34,571) | (31,769) | (31,938) | -28% | -27% | -27% | 8.82% | -0.53% | ||
| Total Stockholder Equity | 123,026 | 116,438 | 118,936 | 100% | 100% | 100% | 5.66% | -2.10% | ||
| Noncontrolling interests | 5,444 | 1,696 | 5262 | 1% | 0% | 1% | 220.99% | -67.77% | ||
| Total Liabilities & Equity | 685,328 | 718,189 | 751,216 | 100% | 100% | 100% | -4.58% | -4.40% |
Sheet3
| 2012 | 2011 | 2010 | ||
| Gross Margin Ratio | 49.57% | 53.64% | 52.26% | Profitability |
| Operating Margin Ratio | 11.81% | 13.75% | 9.46% | Profitability |
| Profit Margin | 9.26% | 9.61% | 7.75% | Profitability |
| ROE | 11.09% | 12.15% | 9.79% | AU & Effi |
| ROA | 1.99% | 1.97% | 1.55% | AU & Effi |
| Current Ratio | 1.12 | 0.91 | 0.98 | Liquidity |
| Quick Ratio | 1.02 | 0.84 | 0.90 | Liquidity |
| Cash Ratio | 0.87 | 0.72 | 0.78 | Liquidity |
| Debt Ratio | 0.81 | 0.84 | 0.83 | Solvency |
| DSO Ratio | 72.97 | 69.48 | 67.00 | AU & Effi |
| Return on Invested Capital | 11.09% | 12.15% | 9.79% | RIC |
| Debt to Equity Ratio | 4.53 | 5.15 | 5.27 | Solvency |
| Interest Coverage Ratio | 2.39 | 2.39 | 1.89 | Solvency |
| EPS | 1.35 | 1.24 | 1.18 | Financial Mkt |
| Payout Ratio | 2.08% | 2.27% | 2.38% | Financial Mkt |
| Dividend Cover | 47.97 | 44.06 | 41.93 | Financial Mkt |
201220112010
Inventory Turnover75.51 73.73 58.66
Sheet1
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-13 | 31-Dec-14 | 31-Dec-15 | ||
| REVENUES | |||||||||||
| Sales of Goods | 72,991 | 66,875 | 60,812 | 50% | 45% | 40% | 69,938 | 70,548 | 70,609 | ||
| Sales of Services | 27,158 | 27,648 | 39,625 | 18% | 19% | 26% | 28,552 | 28,043 | 28,107 | ||
| Other Income | 2,563 | 5,064 | 1,151 | 2% | 3% | 1% | 3,172 | 3,179 | 3,115 | ||
| GECS earnings from continuing operations | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | - 0 | ||
| GECS revenues from services | 44,647 | 47,701 | 48,623 | 30% | 32% | 32% | 45,961 | 45,741 | 45,697 | ||
| Total Revenue | 147,359 | 147,288 | 150,211 | 100% | 100% | 100% | 147,623 | 147,510 | 147,529 | ||
| Cost & Expenses | |||||||||||
| Cost of Goods Sold | 56,785 | 51,455 | 46,005 | 39% | 35% | 31% | 54,108 | 54,646 | 54,698 | ||
| Cost of Services Sold | 17,525 | 16,823 | 25,708 | 12% | 11% | 17% | 18,133 | 17,819 | 17,884 | ||
| Interests and other Financial Charges | 12,508 | 14,528 | 15,983 | 8% | 10% | 11% | 13,462 | 13,282 | 13,259 | ||
| Investment contracts, insurance losses and insurance annuity benefits | 2,857 | 2,912 | 3,012 | 2% | 2% | 2% | 2,889 | 2,882 | 2,881 | ||
| Provision for losses on financing receivables | 3,891 | 3,951 | 7,191 | 3% | 3% | 5% | 4,239 | 4,106 | 4,124 | ||
| Other costs and expenses | 36,387 | 37,362 | 38,104 | 25% | 25% | 25% | 36,851 | 36,763 | 36,752 | ||
| Total Costs & Expenses | 129,953 | 127,031 | 136,003 | 88.19% | 86.25% | 90.54% | 129,681 | 129,498 | 129,598 | ||
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 17,406 | 20,257 | 14,208 | 11.81% | 13.75% | 9.46% | 17,942 | 18,012 | 17,930 | ||
| Benefit (provision) for income taxes | (2,504) | (5,738) | (1,050) | -2% | -4% | -1% | (3,329) | (3,322) | (3,242) | ||
| EARNINGS FROM CONTINUING OPERATIONS | 14,902 | 14,519 | 13,158 | 10.11% | 9.86% | 8.76% | 14,613 | 14,690 | 14,688 | ||
| Earnings (loss) from discontinued operations, net of taxes | (1,038) | (76) | (979) | -1% | -0% | -1% | (743) | (765) | (786) | ||
| Net Earnings | 13,864 | 14,443 | 12,179 | 9.41% | 9.81% | 8.11% | 13,869 | 13,925 | 13,902 | ||
| Less net earnings attributable to noncontrolling interests | 223 | 292 | 535 | 0% | 0% | 0% | 275 | 261 | 261 | ||
| NET EARNINGS ATTRIBUTABLE TO THE COMPANY | 13,641 | 14,151 | 11,644 | 9.26% | 9.61% | 7.75% | 13,594 | 13,664 | 13,641 | ||
| Preferred stock dividends declared | - 0 | (1,031) | (300) | 0% | -1% | -0% | (339) | (307) | (286) | ||
| NET EARNINGS ATTRIBUTABLE TO GE COMMON SHAREOWNERS | 13,641 | 13,120 | 11,344 | 9.26% | 8.91% | 7.55% | 13,255 | 13,357 | 13,355 | ||
Sheet2
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-13 | ||
| Assets | |||||||||
| Cash And Cash Equivalents | 77,356 | 84,501 | 78,958 | 11% | 12% | 11% | 79,660 | ||
| Investment Securities | 48,510 | 47,374 | 43,938 | 7% | 7% | 6% | 47,712 | ||
| Current Recievables | 21,500 | 20,478 | 18,621 | 3% | 3% | 2% | 20,906 | ||
| Inventory | 15,374 | 13,792 | 11,526 | 2% | 2% | 2% | 14,515 | ||
| Net Financial Recievables | 258,028 | 279,918 | 310,055 | 38% | 39% | 41% | 269,798 | ||
| Other GECS Recievables | 7,961 | 7,561 | 8,951 | 1% | 1% | 1% | 7,940 | ||
| Net Property, Plant & Equipment | 69,743 | 65,739 | 66,214 | 10% | 9% | 9% | 68,189 | ||
| Investment in GECC | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | ||
| Goodwill | 73,447 | 72,625 | 64,473 | 11% | 10% | 9% | 72,303 | ||
| Other intangible assets - net | 11,987 | 12,068 | 9,973 | 2% | 2% | 1% | 11,810 | ||
| All other assets | 100,076 | 111,701 | 96,342 | 15% | 16% | 13% | 103,190 | ||
| Asset of Businesses held for sale | 211 | 711 | 36,887 | 0% | 0% | 5% | 4,029 | ||
| Assets of Discontinued Operations | 1,135 | 1,721 | 5,278 | 0% | 0% | 1% | 1,725 | ||
| Total Assets | 685,328 | 718,189 | 751,216 | 100% | 100% | 100% | 701,775 | ||
| Liabilities | |||||||||
| Short Term Borrowings | 101,392 | 137,611 | 117,959 | 18% | 23% | 19% | 113,914 | ||
| Accounts Payable, Principally Trade Accounts | 15,675 | 16,400 | 14,657 | 3% | 3% | 2% | 15,791 | ||
| Progress Collections and Price Adjustments accrued | 10,877 | 11,349 | 11,142 | 2% | 2% | 2% | 11,045 | ||
| Dividends Payable | 1,980 | 1,797 | 1,563 | 0% | 0% | 0% | 1,883 | ||
| Other GE Current Liabilities | 14,895 | 14,796 | 11,396 | 3% | 2% | 2% | 14,515 | ||
| Non-recourse borrowings of consolidated securitization entities | 30,123 | 29,258 | 30,060 | 5% | 5% | 5% | 29,857 | ||
| Bank Deposits | 46,461 | 43,115 | 37,298 | 8% | 7% | 6% | 44,541 | ||
| Long Term Borrowings | 236,084 | 243,459 | 293,323 | 42% | 41% | 47% | 244,020 | ||
| Investment contracts, insurance liabilities and insurance annuity benefits | 28,268 | 29,774 | 29,582 | 5% | 5% | 5% | 28,851 | ||
| All other Liabilities | 68,676 | 70,653 | 58,844 | 12% | 12% | 9% | 68,286 | ||
| Deferred Income Taxes | (75) | (131) | 2,840 | -0% | -0% | 0% | 200 | ||
| Liabilities of businesses held for sale | 157 | 345 | 16,047 | 0% | 0% | 3% | 1,802 | ||
| Liabilities of discontinued operations | 2,345 | 1,629 | 2,307 | 0% | 0% | 0% | 2,126 | ||
| Total Liabilities | 556,858 | 600,055 | 627,018 | 100% | 100% | 100% | 576,833 | ||
| Stockholders' Equity | |||||||||
| GECC Preferred Stocks | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | ||
| Common Stock | 702 | 702 | 702 | 1% | 1% | 1% | 702 | ||
| Investment securities | 677 | (30) | (636) | 1% | -0% | -1% | 334 | ||
| Currency translation adjustments | 412 | 133 | (86) | 0% | 0% | -0% | 278 | ||
| Cash flow hedges | (722) | (1,176) | (1,280) | -1% | -1% | -1% | (914) | ||
| Benefit plans | (20,597) | (22,901) | (15,853) | -17% | -20% | -13% | (20,814) | ||
| Other Capital | 33,070 | 33,693 | 36,890 | 27% | 29% | 31% | 33,639 | ||
| Retained Earnings | 144,055 | 137,786 | 131,137 | 117% | 118% | 110% | 140,883 | ||
| Less Common Stock held in treasury | (34,571) | (31,769) | (31,938) | -28% | -27% | -27% | (33,467) | ||
| Total Stockholder Equity | 123,026 | 116,438 | 118,936 | 100% | 100% | 100% | 120,641 | ||
| Noncontrolling interests | 5,444 | 1,696 | 5262 | 1% | 0% | 1% | 4,301 | ||
| Total Liabilities & Equity | 685,328 | 718,189 | 751,216 | 100% | 100% | 100% | 701,775 |
Sheet3
| 2012 | 2011 | 2010 | |
| Gross Margin Ratio | 49.57% | 53.64% | 52.26% |
| Operating Margin Ratio | 11.81% | 13.75% | 9.46% |
| Profit Margin | 9.26% | 9.61% | 7.75% |
| ROE | 11.09% | 12.15% | 9.79% |
| ROA | 1.99% | 1.97% | 1.55% |
| Current Ratio | 1.12 | 0.91 | 0.98 |
| Debt Ratio | 81.25% | 83.55% | 83.47% |
| DSO Ratio | 72.97 | 69.48 | 67.00 |
| Inventory Turnover | 75.51 | 73.73 | 58.66 |
| Assets Turnover | 21.50% | 20.51% | 20.00% |
201220112010
Assets Turnover21.50%20.51%20.00%
Sheet1
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-13 | 31-Dec-14 | 31-Dec-15 | ||
| REVENUES | |||||||||||
| Sales of Goods | 72,991 | 66,875 | 60,812 | 50% | 45% | 40% | 69,938 | 70,548 | 70,609 | ||
| Sales of Services | 27,158 | 27,648 | 39,625 | 18% | 19% | 26% | 28,552 | 28,043 | 28,107 | ||
| Other Income | 2,563 | 5,064 | 1,151 | 2% | 3% | 1% | 3,172 | 3,179 | 3,115 | ||
| GECS earnings from continuing operations | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | - 0 | ||
| GECS revenues from services | 44,647 | 47,701 | 48,623 | 30% | 32% | 32% | 45,961 | 45,741 | 45,697 | ||
| Total Revenue | 147,359 | 147,288 | 150,211 | 100% | 100% | 100% | 147,623 | 147,510 | 147,529 | ||
| Cost & Expenses | |||||||||||
| Cost of Goods Sold | 56,785 | 51,455 | 46,005 | 39% | 35% | 31% | 54,108 | 54,646 | 54,698 | ||
| Cost of Services Sold | 17,525 | 16,823 | 25,708 | 12% | 11% | 17% | 18,133 | 17,819 | 17,884 | ||
| Interests and other Financial Charges | 12,508 | 14,528 | 15,983 | 8% | 10% | 11% | 13,462 | 13,282 | 13,259 | ||
| Investment contracts, insurance losses and insurance annuity benefits | 2,857 | 2,912 | 3,012 | 2% | 2% | 2% | 2,889 | 2,882 | 2,881 | ||
| Provision for losses on financing receivables | 3,891 | 3,951 | 7,191 | 3% | 3% | 5% | 4,239 | 4,106 | 4,124 | ||
| Other costs and expenses | 36,387 | 37,362 | 38,104 | 25% | 25% | 25% | 36,851 | 36,763 | 36,752 | ||
| Total Costs & Expenses | 129,953 | 127,031 | 136,003 | 88.19% | 86.25% | 90.54% | 129,681 | 129,498 | 129,598 | ||
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 17,406 | 20,257 | 14,208 | 11.81% | 13.75% | 9.46% | 17,942 | 18,012 | 17,930 | ||
| Benefit (provision) for income taxes | (2,504) | (5,738) | (1,050) | -2% | -4% | -1% | (3,329) | (3,322) | (3,242) | ||
| EARNINGS FROM CONTINUING OPERATIONS | 14,902 | 14,519 | 13,158 | 10.11% | 9.86% | 8.76% | 14,613 | 14,690 | 14,688 | ||
| Earnings (loss) from discontinued operations, net of taxes | (1,038) | (76) | (979) | -1% | -0% | -1% | (743) | (765) | (786) | ||
| Net Earnings | 13,864 | 14,443 | 12,179 | 9.41% | 9.81% | 8.11% | 13,869 | 13,925 | 13,902 | ||
| Less net earnings attributable to noncontrolling interests | 223 | 292 | 535 | 0% | 0% | 0% | 275 | 261 | 261 | ||
| NET EARNINGS ATTRIBUTABLE TO THE COMPANY | 13,641 | 14,151 | 11,644 | 9.26% | 9.61% | 7.75% | 13,594 | 13,664 | 13,641 | ||
| Preferred stock dividends declared | - 0 | (1,031) | (300) | 0% | -1% | -0% | (339) | (307) | (286) | ||
| NET EARNINGS ATTRIBUTABLE TO GE COMMON SHAREOWNERS | 13,641 | 13,120 | 11,344 | 9.26% | 8.91% | 7.55% | 13,255 | 13,357 | 13,355 | ||
Sheet2
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-13 | ||
| Assets | |||||||||
| Cash And Cash Equivalents | 77,356 | 84,501 | 78,958 | 11% | 12% | 11% | 79,660 | ||
| Investment Securities | 48,510 | 47,374 | 43,938 | 7% | 7% | 6% | 47,712 | ||
| Current Recievables | 21,500 | 20,478 | 18,621 | 3% | 3% | 2% | 20,906 | ||
| Inventory | 15,374 | 13,792 | 11,526 | 2% | 2% | 2% | 14,515 | ||
| Net Financial Recievables | 258,028 | 279,918 | 310,055 | 38% | 39% | 41% | 269,798 | ||
| Other GECS Recievables | 7,961 | 7,561 | 8,951 | 1% | 1% | 1% | 7,940 | ||
| Net Property, Plant & Equipment | 69,743 | 65,739 | 66,214 | 10% | 9% | 9% | 68,189 | ||
| Investment in GECC | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | ||
| Goodwill | 73,447 | 72,625 | 64,473 | 11% | 10% | 9% | 72,303 | ||
| Other intangible assets - net | 11,987 | 12,068 | 9,973 | 2% | 2% | 1% | 11,810 | ||
| All other assets | 100,076 | 111,701 | 96,342 | 15% | 16% | 13% | 103,190 | ||
| Asset of Businesses held for sale | 211 | 711 | 36,887 | 0% | 0% | 5% | 4,029 | ||
| Assets of Discontinued Operations | 1,135 | 1,721 | 5,278 | 0% | 0% | 1% | 1,725 | ||
| Total Assets | 685,328 | 718,189 | 751,216 | 100% | 100% | 100% | 701,775 | ||
| Liabilities | |||||||||
| Short Term Borrowings | 101,392 | 137,611 | 117,959 | 18% | 23% | 19% | 113,914 | ||
| Accounts Payable, Principally Trade Accounts | 15,675 | 16,400 | 14,657 | 3% | 3% | 2% | 15,791 | ||
| Progress Collections and Price Adjustments accrued | 10,877 | 11,349 | 11,142 | 2% | 2% | 2% | 11,045 | ||
| Dividends Payable | 1,980 | 1,797 | 1,563 | 0% | 0% | 0% | 1,883 | ||
| Other GE Current Liabilities | 14,895 | 14,796 | 11,396 | 3% | 2% | 2% | 14,515 | ||
| Non-recourse borrowings of consolidated securitization entities | 30,123 | 29,258 | 30,060 | 5% | 5% | 5% | 29,857 | ||
| Bank Deposits | 46,461 | 43,115 | 37,298 | 8% | 7% | 6% | 44,541 | ||
| Long Term Borrowings | 236,084 | 243,459 | 293,323 | 42% | 41% | 47% | 244,020 | ||
| Investment contracts, insurance liabilities and insurance annuity benefits | 28,268 | 29,774 | 29,582 | 5% | 5% | 5% | 28,851 | ||
| All other Liabilities | 68,676 | 70,653 | 58,844 | 12% | 12% | 9% | 68,286 | ||
| Deferred Income Taxes | (75) | (131) | 2,840 | -0% | -0% | 0% | 200 | ||
| Liabilities of businesses held for sale | 157 | 345 | 16,047 | 0% | 0% | 3% | 1,802 | ||
| Liabilities of discontinued operations | 2,345 | 1,629 | 2,307 | 0% | 0% | 0% | 2,126 | ||
| Total Liabilities | 556,858 | 600,055 | 627,018 | 100% | 100% | 100% | 576,833 | ||
| Stockholders' Equity | |||||||||
| GECC Preferred Stocks | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | ||
| Common Stock | 702 | 702 | 702 | 1% | 1% | 1% | 702 | ||
| Investment securities | 677 | (30) | (636) | 1% | -0% | -1% | 334 | ||
| Currency translation adjustments | 412 | 133 | (86) | 0% | 0% | -0% | 278 | ||
| Cash flow hedges | (722) | (1,176) | (1,280) | -1% | -1% | -1% | (914) | ||
| Benefit plans | (20,597) | (22,901) | (15,853) | -17% | -20% | -13% | (20,814) | ||
| Other Capital | 33,070 | 33,693 | 36,890 | 27% | 29% | 31% | 33,639 | ||
| Retained Earnings | 144,055 | 137,786 | 131,137 | 117% | 118% | 110% | 140,883 | ||
| Less Common Stock held in treasury | (34,571) | (31,769) | (31,938) | -28% | -27% | -27% | (33,467) | ||
| Total Stockholder Equity | 123,026 | 116,438 | 118,936 | 100% | 100% | 100% | 120,641 | ||
| Noncontrolling interests | 5,444 | 1,696 | 5262 | 1% | 0% | 1% | 4,301 | ||
| Total Liabilities & Equity | 685,328 | 718,189 | 751,216 | 100% | 100% | 100% | 701,775 |
Sheet3
| 2012 | 2011 | 2010 | |
| Gross Margin Ratio | 49.57% | 53.64% | 52.26% |
| Operating Margin Ratio | 11.81% | 13.75% | 9.46% |
| Profit Margin | 9.26% | 9.61% | 7.75% |
| ROE | 11.09% | 12.15% | 9.79% |
| ROA | 1.99% | 1.97% | 1.55% |
| Current Ratio | 1.12 | 0.91 | 0.98 |
| Debt Ratio | 81.25% | 83.55% | 83.47% |
| DSO Ratio | 72.97 | 69.48 | 67.00 |
| Inventory Turnover | 75.51 | 73.73 | 58.66 |
| Assets Turnover | 21.50% | 20.51% | 20.00% |
201220112010
Debt Ratio0.81 0.84 0.83
Sheet1
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-13 | 31-Dec-14 | 31-Dec-15 | 2012 | 2011 | |||
| REVENUES | ||||||||||||||
| Sales of Goods | 72,991 | 66,875 | 60,812 | 50% | 45% | 40% | 69,938 | 70,548 | 70,609 | 9.15% | 9.97% | |||
| Sales of Services | 27,158 | 27,648 | 39,625 | 18% | 19% | 26% | 28,552 | 28,043 | 28,107 | -1.77% | -30.23% | |||
| Other Income | 2,563 | 5,064 | 1,151 | 2% | 3% | 1% | 3,172 | 3,179 | 3,115 | -49.39% | 339.97% | |||
| GECS earnings from continuing operations | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | - 0 | - 0 | - 0 | |||
| GECS revenues from services | 44,647 | 47,701 | 48,623 | 30% | 32% | 32% | 45,961 | 45,741 | 45,697 | -6.40% | -1.90% | |||
| Total Revenue | 147,359 | 147,288 | 150,211 | 100% | 100% | 100% | 147,623 | 147,510 | 147,529 | 0.05% | -1.95% | |||
| Cost & Expenses | ||||||||||||||
| Cost of Goods Sold | 56,785 | 51,455 | 46,005 | 39% | 35% | 31% | 54,108 | 54,646 | 54,698 | 10.36% | 11.85% | |||
| Cost of Services Sold | 17,525 | 16,823 | 25,708 | 12% | 11% | 17% | 18,133 | 17,819 | 17,884 | 4.17% | -34.56% | |||
| Interests and other Financial Charges | 12,508 | 14,528 | 15,983 | 8% | 10% | 11% | 13,462 | 13,282 | 13,259 | -13.90% | -9.10% | |||
| Investment contracts, insurance losses and insurance annuity benefits | 2,857 | 2,912 | 3,012 | 2% | 2% | 2% | 2,889 | 2,882 | 2,881 | -1.89% | -3.32% | |||
| Provision for losses on financing receivables | 3,891 | 3,951 | 7,191 | 3% | 3% | 5% | 4,239 | 4,106 | 4,124 | -1.52% | -45.06% | |||
| Other costs and expenses | 36,387 | 37,362 | 38,104 | 25% | 25% | 25% | 36,851 | 36,763 | 36,752 | -2.61% | -1.95% | |||
| Total Costs & Expenses | 129,953 | 127,031 | 136,003 | 88.19% | 86.25% | 90.54% | 129,681 | 129,498 | 129,598 | 2.30% | -6.60% | |||
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 17,406 | 20,257 | 14,208 | 11.81% | 13.75% | 9.46% | 17,942 | 18,012 | 17,930 | -14.07% | 42.57% | |||
| Benefit (provision) for income taxes | (2,504) | (5,738) | (1,050) | -2% | -4% | -1% | (3,329) | (3,322) | (3,242) | -56.36% | 446.48% | |||
| EARNINGS FROM CONTINUING OPERATIONS | 14,902 | 14,519 | 13,158 | 10.11% | 9.86% | 8.76% | 14,613 | 14,690 | 14,688 | 2.64% | 10.34% | |||
| Earnings (loss) from discontinued operations, net of taxes | (1,038) | (76) | (979) | -1% | -0% | -1% | (743) | (765) | (786) | 1265.79% | -92.24% | |||
| Net Earnings | 13,864 | 14,443 | 12,179 | 9.41% | 9.81% | 8.11% | 13,869 | 13,925 | 13,902 | -4.01% | 18.59% | |||
| Less net earnings attributable to noncontrolling interests | 223 | 292 | 535 | 0% | 0% | 0% | 275 | 261 | 261 | -23.63% | -45.42% | |||
| NET EARNINGS ATTRIBUTABLE TO THE COMPANY | 13,641 | 14,151 | 11,644 | 9.26% | 9.61% | 7.75% | 13,594 | 13,664 | 13,641 | -3.60% | 21.53% | |||
| Preferred stock dividends declared | - 0 | (1,031) | (300) | 0% | -1% | -0% | (339) | (307) | (286) | -100.00% | 243.67% | |||
| NET EARNINGS ATTRIBUTABLE TO GE COMMON SHAREOWNERS | 13,641 | 13,120 | 11,344 | 9.26% | 8.91% | 7.55% | 13,255 | 13,357 | 13,355 | 3.97% | 15.66% |
Sheet2
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 2012 | 2011 | ||
| Assets | ||||||||||
| Cash And Cash Equivalents | 77,356 | 84,501 | 78,958 | 11% | 12% | 11% | -8.46% | 7.02% | ||
| Investment Securities | 48,510 | 47,374 | 43,938 | 7% | 7% | 6% | 2.40% | 7.82% | ||
| Current Recievables | 21,500 | 20,478 | 18,621 | 3% | 3% | 2% | 4.99% | 9.97% | ||
| Inventory | 15,374 | 13,792 | 11,526 | 2% | 2% | 2% | 11.47% | 19.66% | ||
| Net Financial Recievables | 258,028 | 279,918 | 310,055 | 38% | 39% | 41% | -7.82% | -9.72% | ||
| Other GECS Recievables | 7,961 | 7,561 | 8,951 | 1% | 1% | 1% | 5.29% | -15.53% | ||
| Net Property, Plant & Equipment | 69,743 | 65,739 | 66,214 | 10% | 9% | 9% | 6.09% | -0.72% | ||
| Investment in GECC | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Goodwill | 73,447 | 72,625 | 64,473 | 11% | 10% | 9% | 1.13% | 12.64% | ||
| Other intangible assets - net | 11,987 | 12,068 | 9,973 | 2% | 2% | 1% | -0.67% | 21.01% | ||
| All other assets | 100,076 | 111,701 | 96,342 | 15% | 16% | 13% | -10.41% | 15.94% | ||
| Asset of Businesses held for sale | 211 | 711 | 36,887 | 0% | 0% | 5% | -70.32% | -98.07% | ||
| Assets of Discontinued Operations | 1,135 | 1,721 | 5,278 | 0% | 0% | 1% | -34.05% | -67.39% | ||
| Total Assets | 685,328 | 718,189 | 751,216 | 100.00% | 100.00% | 100.00% | -4.58% | -4.40% | ||
| Liabilities | ||||||||||
| Short Term Borrowings | 101,392 | 137,611 | 117,959 | 18% | 23% | 19% | -26.32% | 16.66% | ||
| Accounts Payable, Principally Trade Accounts | 15,675 | 16,400 | 14,657 | 3% | 3% | 2% | -4.42% | 11.89% | ||
| Progress Collections and Price Adjustments accrued | 10,877 | 11,349 | 11,142 | 2% | 2% | 2% | -4.16% | 1.86% | ||
| Dividends Payable | 1,980 | 1,797 | 1,563 | 0% | 0% | 0% | 10.18% | 14.97% | ||
| Other GE Current Liabilities | 14,895 | 14,796 | 11,396 | 3% | 2% | 2% | 0.67% | 29.84% | ||
| Non-recourse borrowings of consolidated securitization entities | 30,123 | 29,258 | 30,060 | 5% | 5% | 5% | 2.96% | -2.67% | ||
| Bank Deposits | 46,461 | 43,115 | 37,298 | 8% | 7% | 6% | 7.76% | 15.60% | ||
| Long Term Borrowings | 236,084 | 243,459 | 293,323 | 42% | 41% | 47% | -3.03% | -17.00% | ||
| Investment contracts, insurance liabilities and insurance annuity benefits | 28,268 | 29,774 | 29,582 | 5% | 5% | 5% | -5.06% | 0.65% | ||
| All other Liabilities | 68,676 | 70,653 | 58,844 | 12% | 12% | 9% | -2.80% | 20.07% | ||
| Deferred Income Taxes | (75) | (131) | 2,840 | -0% | -0% | 0% | -42.75% | -104.61% | ||
| Liabilities of businesses held for sale | 157 | 345 | 16,047 | 0% | 0% | 3% | -54.49% | -97.85% | ||
| Liabilities of discontinued operations | 2,345 | 1,629 | 2,307 | 0% | 0% | 0% | 43.95% | -29.39% | ||
| Total Liabilities | 556,858 | 600,055 | 627,018 | 100% | 100% | 100% | -7.20% | -4.30% | ||
| Stockholders' Equity | ||||||||||
| GECC Preferred Stocks | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Common Stock | 702 | 702 | 702 | 1% | 1% | 1% | 0.00% | 0.00% | ||
| Investment securities | 677 | (30) | (636) | 1% | -0% | -1% | -2356.67% | -95.28% | ||
| Currency translation adjustments | 412 | 133 | (86) | 0% | 0% | -0% | 209.77% | -254.65% | ||
| Cash flow hedges | (722) | (1,176) | (1,280) | -1% | -1% | -1% | -38.61% | -8.13% | ||
| Benefit plans | (20,597) | (22,901) | (15,853) | -17% | -20% | -13% | -10.06% | 44.46% | ||
| Other Capital | 33,070 | 33,693 | 36,890 | 27% | 29% | 31% | -1.85% | -8.67% | ||
| Retained Earnings | 144,055 | 137,786 | 131,137 | 117% | 118% | 110% | 4.55% | 5.07% | ||
| Less Common Stock held in treasury | (34,571) | (31,769) | (31,938) | -28% | -27% | -27% | 8.82% | -0.53% | ||
| Total Stockholder Equity | 123,026 | 116,438 | 118,936 | 100% | 100% | 100% | 5.66% | -2.10% | ||
| Noncontrolling interests | 5,444 | 1,696 | 5262 | 1% | 0% | 1% | 220.99% | -67.77% | ||
| Total Liabilities & Equity | 685,328 | 718,189 | 751,216 | 100% | 100% | 100% | -4.58% | -4.40% |
Sheet3
| 2012 | 2011 | 2010 | ||
| Gross Margin Ratio | 49.57% | 53.64% | 52.26% | Profitability |
| Operating Margin Ratio | 11.81% | 13.75% | 9.46% | Profitability |
| Profit Margin | 9.26% | 9.61% | 7.75% | Profitability |
| ROE | 11.09% | 12.15% | 9.79% | AU & Effi |
| ROA | 1.99% | 1.97% | 1.55% | AU & Effi |
| Current Ratio | 1.12 | 0.91 | 0.98 | Liquidity |
| Quick Ratio | 1.02 | 0.84 | 0.90 | Liquidity |
| Cash Ratio | 0.87 | 0.72 | 0.78 | Liquidity |
| Debt Ratio | 0.81 | 0.84 | 0.83 | Solvency |
| DSO Ratio | 72.97 | 69.48 | 67.00 | AU & Effi |
| Return on Invested Capital | 11.09% | 12.15% | 9.79% | RIC |
| Debt to Equity Ratio | 4.53 | 5.15 | 5.27 | Solvency |
| Interest Coverage Ratio | 2.39 | 2.39 | 1.89 | Solvency |
| EPS | 1.35 | 1.24 | 1.18 | Financial Mkt |
| Payout Ratio | 2.08% | 2.27% | 2.38% | Financial Mkt |
| Dividend Cover | 47.97 | 44.06 | 41.93 | Financial Mkt |
201220112010
Quick Ratio1.02 0.84 0.90
Cash Ratio0.87 0.72 0.78
DSO Ratio72.97 69.48 67.00
Return on Invested Capital11.09%12.15%9.79%
Debt to Equity Ratio4.53 5.15 5.27
Interest Coverage Ratio2.39 2.39 1.89
EPS1.351.241.18
Payout Ratio2.08%2.27%2.38%
Dividend Cover47.97 44.06 41.93
Sheet1
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-13 | 31-Dec-14 | 31-Dec-15 | 2012 | 2011 | |||
| REVENUES | ||||||||||||||
| Sales of Goods | 72,991 | 66,875 | 60,812 | 50% | 45% | 40% | 69,938 | 70,548 | 70,609 | 9.15% | 9.97% | |||
| Sales of Services | 27,158 | 27,648 | 39,625 | 18% | 19% | 26% | 28,552 | 28,043 | 28,107 | -1.77% | -30.23% | |||
| Other Income | 2,563 | 5,064 | 1,151 | 2% | 3% | 1% | 3,172 | 3,179 | 3,115 | -49.39% | 339.97% | |||
| GECS earnings from continuing operations | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | - 0 | - 0 | - 0 | |||
| GECS revenues from services | 44,647 | 47,701 | 48,623 | 30% | 32% | 32% | 45,961 | 45,741 | 45,697 | -6.40% | -1.90% | |||
| Total Revenue | 147,359 | 147,288 | 150,211 | 100% | 100% | 100% | 147,623 | 147,510 | 147,529 | 0.05% | -1.95% | |||
| Cost & Expenses | ||||||||||||||
| Cost of Goods Sold | 56,785 | 51,455 | 46,005 | 39% | 35% | 31% | 54,108 | 54,646 | 54,698 | 10.36% | 11.85% | |||
| Cost of Services Sold | 17,525 | 16,823 | 25,708 | 12% | 11% | 17% | 18,133 | 17,819 | 17,884 | 4.17% | -34.56% | |||
| Interests and other Financial Charges | 12,508 | 14,528 | 15,983 | 8% | 10% | 11% | 13,462 | 13,282 | 13,259 | -13.90% | -9.10% | |||
| Investment contracts, insurance losses and insurance annuity benefits | 2,857 | 2,912 | 3,012 | 2% | 2% | 2% | 2,889 | 2,882 | 2,881 | -1.89% | -3.32% | |||
| Provision for losses on financing receivables | 3,891 | 3,951 | 7,191 | 3% | 3% | 5% | 4,239 | 4,106 | 4,124 | -1.52% | -45.06% | |||
| Other costs and expenses | 36,387 | 37,362 | 38,104 | 25% | 25% | 25% | 36,851 | 36,763 | 36,752 | -2.61% | -1.95% | |||
| Total Costs & Expenses | 129,953 | 127,031 | 136,003 | 88.19% | 86.25% | 90.54% | 129,681 | 129,498 | 129,598 | 2.30% | -6.60% | |||
| EARNINGS (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES | 17,406 | 20,257 | 14,208 | 11.81% | 13.75% | 9.46% | 17,942 | 18,012 | 17,930 | -14.07% | 42.57% | |||
| Benefit (provision) for income taxes | (2,504) | (5,738) | (1,050) | -2% | -4% | -1% | (3,329) | (3,322) | (3,242) | -56.36% | 446.48% | |||
| EARNINGS FROM CONTINUING OPERATIONS | 14,902 | 14,519 | 13,158 | 10.11% | 9.86% | 8.76% | 14,613 | 14,690 | 14,688 | 2.64% | 10.34% | |||
| Earnings (loss) from discontinued operations, net of taxes | (1,038) | (76) | (979) | -1% | -0% | -1% | (743) | (765) | (786) | 1265.79% | -92.24% | |||
| Net Earnings | 13,864 | 14,443 | 12,179 | 9.41% | 9.81% | 8.11% | 13,869 | 13,925 | 13,902 | -4.01% | 18.59% | |||
| Less net earnings attributable to noncontrolling interests | 223 | 292 | 535 | 0% | 0% | 0% | 275 | 261 | 261 | -23.63% | -45.42% | |||
| NET EARNINGS ATTRIBUTABLE TO THE COMPANY | 13,641 | 14,151 | 11,644 | 9.26% | 9.61% | 7.75% | 13,594 | 13,664 | 13,641 | -3.60% | 21.53% | |||
| Preferred stock dividends declared | - 0 | (1,031) | (300) | 0% | -1% | -0% | (339) | (307) | (286) | -100.00% | 243.67% | |||
| NET EARNINGS ATTRIBUTABLE TO GE COMMON SHAREOWNERS | 13,641 | 13,120 | 11,344 | 9.26% | 8.91% | 7.55% | 13,255 | 13,357 | 13,355 | 3.97% | 15.66% |
Sheet2
| Period Ending | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 31-Dec-12 | 31-Dec-11 | 31-Dec-10 | 2012 | 2011 | ||
| Assets | ||||||||||
| Cash And Cash Equivalents | 77,356 | 84,501 | 78,958 | 11% | 12% | 11% | -8.46% | 7.02% | ||
| Investment Securities | 48,510 | 47,374 | 43,938 | 7% | 7% | 6% | 2.40% | 7.82% | ||
| Current Recievables | 21,500 | 20,478 | 18,621 | 3% | 3% | 2% | 4.99% | 9.97% | ||
| Inventory | 15,374 | 13,792 | 11,526 | 2% | 2% | 2% | 11.47% | 19.66% | ||
| Net Financial Recievables | 258,028 | 279,918 | 310,055 | 38% | 39% | 41% | -7.82% | -9.72% | ||
| Other GECS Recievables | 7,961 | 7,561 | 8,951 | 1% | 1% | 1% | 5.29% | -15.53% | ||
| Net Property, Plant & Equipment | 69,743 | 65,739 | 66,214 | 10% | 9% | 9% | 6.09% | -0.72% | ||
| Investment in GECC | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Goodwill | 73,447 | 72,625 | 64,473 | 11% | 10% | 9% | 1.13% | 12.64% | ||
| Other intangible assets - net | 11,987 | 12,068 | 9,973 | 2% | 2% | 1% | -0.67% | 21.01% | ||
| All other assets | 100,076 | 111,701 | 96,342 | 15% | 16% | 13% | -10.41% | 15.94% | ||
| Asset of Businesses held for sale | 211 | 711 | 36,887 | 0% | 0% | 5% | -70.32% | -98.07% | ||
| Assets of Discontinued Operations | 1,135 | 1,721 | 5,278 | 0% | 0% | 1% | -34.05% | -67.39% | ||
| Total Assets | 685,328 | 718,189 | 751,216 | 100.00% | 100.00% | 100.00% | -4.58% | -4.40% | ||
| Liabilities | ||||||||||
| Short Term Borrowings | 101,392 | 137,611 | 117,959 | 18% | 23% | 19% | -26.32% | 16.66% | ||
| Accounts Payable, Principally Trade Accounts | 15,675 | 16,400 | 14,657 | 3% | 3% | 2% | -4.42% | 11.89% | ||
| Progress Collections and Price Adjustments accrued | 10,877 | 11,349 | 11,142 | 2% | 2% | 2% | -4.16% | 1.86% | ||
| Dividends Payable | 1,980 | 1,797 | 1,563 | 0% | 0% | 0% | 10.18% | 14.97% | ||
| Other GE Current Liabilities | 14,895 | 14,796 | 11,396 | 3% | 2% | 2% | 0.67% | 29.84% | ||
| Non-recourse borrowings of consolidated securitization entities | 30,123 | 29,258 | 30,060 | 5% | 5% | 5% | 2.96% | -2.67% | ||
| Bank Deposits | 46,461 | 43,115 | 37,298 | 8% | 7% | 6% | 7.76% | 15.60% | ||
| Long Term Borrowings | 236,084 | 243,459 | 293,323 | 42% | 41% | 47% | -3.03% | -17.00% | ||
| Investment contracts, insurance liabilities and insurance annuity benefits | 28,268 | 29,774 | 29,582 | 5% | 5% | 5% | -5.06% | 0.65% | ||
| All other Liabilities | 68,676 | 70,653 | 58,844 | 12% | 12% | 9% | -2.80% | 20.07% | ||
| Deferred Income Taxes | (75) | (131) | 2,840 | -0% | -0% | 0% | -42.75% | -104.61% | ||
| Liabilities of businesses held for sale | 157 | 345 | 16,047 | 0% | 0% | 3% | -54.49% | -97.85% | ||
| Liabilities of discontinued operations | 2,345 | 1,629 | 2,307 | 0% | 0% | 0% | 43.95% | -29.39% | ||
| Total Liabilities | 556,858 | 600,055 | 627,018 | 100% | 100% | 100% | -7.20% | -4.30% | ||
| Stockholders' Equity | ||||||||||
| GECC Preferred Stocks | - 0 | - 0 | - 0 | 0% | 0% | 0% | - 0 | - 0 | ||
| Common Stock | 702 | 702 | 702 | 1% | 1% | 1% | 0.00% | 0.00% | ||
| Investment securities | 677 | (30) | (636) | 1% | -0% | -1% | -2356.67% | -95.28% | ||
| Currency translation adjustments | 412 | 133 | (86) | 0% | 0% | -0% | 209.77% | -254.65% | ||
| Cash flow hedges | (722) | (1,176) | (1,280) | -1% | -1% | -1% | -38.61% | -8.13% | ||
| Benefit plans | (20,597) | (22,901) | (15,853) | -17% | -20% | -13% | -10.06% | 44.46% | ||
| Other Capital | 33,070 | 33,693 | 36,890 | 27% | 29% | 31% | -1.85% | -8.67% | ||
| Retained Earnings | 144,055 | 137,786 | 131,137 | 117% | 118% | 110% | 4.55% | 5.07% | ||
| Less Common Stock held in treasury | (34,571) | (31,769) | (31,938) | -28% | -27% | -27% | 8.82% | -0.53% | ||
| Total Stockholder Equity | 123,026 | 116,438 | 118,936 | 100% | 100% | 100% | 5.66% | -2.10% | ||
| Noncontrolling interests | 5,444 | 1,696 | 5262 | 1% | 0% | 1% | 220.99% | -67.77% | ||
| Total Liabilities & Equity | 685,328 | 718,189 | 751,216 | 100% | 100% | 100% | -4.58% | -4.40% |
Sheet3
| 2012 | 2011 | 2010 | ||
| Gross Margin Ratio | 49.57% | 53.64% | 52.26% | Profitability |
| Operating Margin Ratio | 11.81% | 13.75% | 9.46% | Profitability |
| Profit Margin | 9.26% | 9.61% | 7.75% | Profitability |
| ROE | 11.09% | 12.15% | 9.79% | AU & Effi |
| ROA | 1.99% | 1.97% | 1.55% | AU & Effi |
| Current Ratio | 1.12 | 0.91 | 0.98 | Liquidity |
| Quick Ratio | 1.02 | 0.84 | 0.90 | Liquidity |
| Cash Ratio | 0.87 | 0.72 | 0.78 | Liquidity |
| Debt Ratio | 0.81 | 0.84 | 0.83 | Solvency |
| DSO Ratio | 72.97 | 69.48 | 67.00 | AU & Effi |
| Return on Invested Capital | 11.09% | 12.15% | 9.79% | RIC |
| Debt to Equity Ratio | 4.53 | 5.15 | 5.27 | Solvency |
| Interest Coverage Ratio | 2.39 | 2.39 | 1.89 | Solvency |
| EPS | 1.35 | 1.24 | 1.18 | Financial Mkt |
| Payout Ratio | 2.08% | 2.27% | 2.38% | Financial Mkt |
| Dividend Cover | 47.97 | 44.06 | 41.93 | Financial Mkt |
