GE 2015 Annual Report Download - page 161

FINANCIAL STATEMENTS
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GE 2015 FORM 10-K 133
STATEMENT OF FINANCIAL POSITION (CONTINUED)
GE(a) Financial Services (GE Capital)
A
t December 31 (In millions, except share amounts) 2015 2014 2015 2014
Assets
Cash and e
q
uivalents $ 10
,
372 $ 15
,
916 $ 60
,
111 $ 54
,
109
Investment securities
(
Note 3
)
151 84 31
,
827 35
,
425
Current receivables
(
Note 4
)
14
,
707 11
,
513 - -
Inventories
(
Note 5
)
22
,
449 17
,
639 66 50
Financin
g
receivables - net
(
Note 6
)
- - 25
,
003 25
,
647
Other GE Ca
p
ital receivables - - 15
,
865 13
,
848
Pro
p
ert
y,
p
lant and e
q
ui
p
ment ± net
(
Note 7
)
20
,
145 17
,
207 34
,
781 31
,
253
Receivable from GE Ca
p
ital
(
debt assum
p
tion
)(
b
)
85
,
114 - - -
Investment in GE Ca
p
ital 46
,
227 82
,
549 - -
Goodwill
(
Note 8
)
63
,
157 51
,
526 2
,
370 1
,
680
Other intan
g
ible assets ± net
(
Note 8
)
16
,
312 12
,
984 435 202
Contract assets
(
Note 9
)
21
,
156 16
,
960 - -
A
ll other assets
(
Note 9
)
13
,
281 7
,
722 25
,
287 17
,
445
Deferred income taxes
(
Note 14
)
7
,
666 8
,
772
(
4
,
561
)
(
2
,
590
)
A
ssets of businesses held for sale
(
Note 2
)
2
,
818 2
,
805 - -
A
ssets of discontinued o
p
erations
(
Note 2
)
9 9 120
,
942 323
,
520
Total assets $ 323
,
562 $ 245
,
686 $ 312
,
125 $ 500
,
589
Liabilities and equity
Short-term borrowin
g
s
(
Note 10
)(
b
)
$ 19
,
799 $ 3
,
872 $ 48
,
650 $ 67
,
416
A
ccounts
p
a
y
able
,
p
rinci
p
all
y
trade accounts 19
,
250 16
,
511 1
,
745 1
,
905
Pro
g
ress collections and
p
rice ad
j
ustments accrued 15
,
776 12
,
550 - -
Dividends
p
a
y
able 2
,
167 2
,
317 - -
Other GE current liabilities 23
,
595 14
,
322 - -
Non-recourse borrowin
g
s of consolidated securitization entities
(
Note 10
)
- - 3
,
083 4
,
403
Lon
g
-term borrowin
g
s
(
Note10
)(
b
)
83
,
770 12
,
468 129
,
062 174
,
174
Investment contracts
,
insurance liabilities and insurance annuit
y
benefits - - 26
,
155 27
,
881
Non-current com
p
ensation and benefits 39
,
472 41
,
494 1
,
006 734
A
ll other liabilities
(
Note 13
)
15
,
573 11
,
429 9
,
351 5
,
583
Liabilities of businesses held for sale
(
Note 2
)
1
,
409 1
,
504 - -
Liabilities of discontinued o
p
erations
(
Note 2
)
128 137 46
,
359 128
,
096
Total liabilities 220,938 116,604 265,411 410,191
Redeemable noncontrollin
g
interests
(
Note 15
)
2
,
972 98 - -
Preferred stock
(
5
,
944
,
250 shares outstandin
g
at
y
ear-end 2015
)
and no shares outstandin
g
at
y
ear-end 2014
)
6 - 6 -
GECC
p
referred stock
(
no shares outstandin
g
at
y
ear-end 2015
and 50
,
000 shares outstandin
g
at
y
ear-end 2014
)
- - - -
Common stock
(
9
,
379
,
288
,
000 and 10
,
057
,
380
,
000 shares outstandin
g
at
y
ear-end 2015 and 2014
,
res
p
ectivel
y)
702 702 - -
A
ccumulated other com
p
rehensive income
(
loss
)
- net attributable to GE
Investment securities 460 1
,
013 456 1
,
010
Currenc
y
translation ad
j
ustments
(
5
,
499
)
(
2
,
428
)
(
898
)
(
839
)
Cash flow hed
g
es
(
80
)
(
180
)
(
112
)
(
172
)
Benefit
p
lans
(
11
,
410
)
(
16
,
578
)
(
540
)
(
577
)
Other ca
p
ital 37
,
613 32
,
889 12
,
326 32
,
999
Retained earnin
g
s 140
,
020 155
,
333 34
,
988 55
,
077
Less common stock held in treasur
y
(
63
,
539
)
(
42
,
593
)
- -
Total GE sKDUHRZQHUV¶H
T
XLW
\
98
,
274 128
,
159 46
,
227 87
,
499
Noncontrollin
g
interests
(
Note 15
)
1,378 825 486 2,899
Total e
q
uit
y
(
Notes 15 and 16
)
99
,
651 128
,
984 46
,
713 90
,
398
Total liabilities
,
redeemable noncontrollin
g
interests and e
q
uit
y
$ 323
,
562 $ 245
,
686 $ 312
,
125 $ 500
,
589
(a) Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
(b) On December 2, 2015, senior unsecured notes and commercial paper was assumed by GE upon its merger with GE Capital resulting in an
intercompany payable to GE. At December 31, 2015, this amounted to $17,649 million in short-term borrowings and $67,465 million in long-
term borrowings. See Note 10 for additional information.
Amounts may not add due to rounding.
In the consolidating data on this page, "GE" means the basis of consolidation as described in Note 1 to the consolidated financial statements; "GE
Capital" means General Electric Capital Corporation (GECC) and its successor GE Capital Global Holdings, LLC (GECGH) and all of their affiliates and
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GE 2015 FORM 10-K 133