GE 2007 Annual Report Download - page 68

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  
66 ge 2007 annual report
Statement of Financial Position
General Electric Company
and consolidated affi liates
At December 31 (In millions, except share amounts)
2007 2006
ASSETS
Cash and equivalents $ 15,747 $ 14,099
Investment securities (note 9) 45,428 47,806
Current receivables (note 10) 22,259 19,617
Inventories (note 11) 12,897 10,032
Financing receivables — net (notes 12 and 13) 377,660 321,736
Other GECS receivables 16,527 16,903
Property, plant and equipment — net (note 14) 77,895 70,650
Investment in GECS — —
Goodwill (note 15) 81,116 71,399
Other intangible assets — net (note 15) 16,178 12,915
All other assets (note 16) 122,861 91,651
Assets of discontinued operations (note 2) 6,769 19,875
Total assets
$795,337 $696,683
LIABILITIES AND EQUITY
Short-term borrowings (note 17) $195,101 $172,013
Accounts payable, principally trade accounts 21,398 20,632
Progress collections and price adjustments accrued 9,885 4,597
Dividends payable 3,100 2,878
Other GE current liabilities 16,629 17,944
Long-term borrowings (note 17) 319,015 260,752
Investment contracts, insurance liabilities and insurance annuity benefits (note 18) 34,068 34,501
All other liabilities (note 19) 58,606 47,510
Deferred income taxes (note 20) 12,144 14,110
Liabilities of discontinued operations (note 2) 1,828 2,744
Total liabilities
671,774 577,681
Minority interest in equity of consolidated affiliates (note 21)
8,004 7,493
Common stock (9,987,599,000 and 10,277,373,000 shares outstanding
at year-end 2007 and 2006, respectively)
669 669
Accumulated gains (losses) — net
Investment securities 124 1,608
Currency translation adjustments 10,708 6,181
Cash flow hedges (668) (129)
Benefit plans (1,840) (4,406)
Other capital 26,100 25,486
Retained earnings 117,362 106,993
Less common stock held in treasury (36,896) (24,893)
Total shareowners’ equity (notes 22 and 23)
115,559 111,509
Total liabilities and equity
$795,337 $696,683
The sum of accumulated gains (losses) on investment securities, currency translation adjustments, cash flow hedges and benefit plans constitutes “Accumulated nonowner
changes other than earnings,” as shown in note 22, and was $8,324 million and $3,254 million at December 31, 2007 and 2006, respectively.
See accompanying notes.