GENERAL ELECTRIC CO
For the period ended Mar 31, 2024. Filed Apr 23, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 23, 2024
GE$323.24+2.7%Stored close · as of Nov 6, 2026
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Statement of Financial Position
| STATEMENT OF FINANCIAL POSITION | ||
|---|---|---|
| (In millions) | March 31, 2024 | December 31, 2023 |
| Cash, cash equivalents and restricted cash | $18,447 | $16,967 |
| Investment securities (Note 3) | 3,737 | 5,706 |
| Current receivables (Note 4) | 15,100 | 15,466 |
| Inventories, including deferred inventory costs (Note 5) | 17,603 | 16,528 |
| Current contract assets (Note 9) | 1,547 | 1,500 |
| All other current assets (Note 10) | 1,650 | 1,647 |
| Assets of businesses held for sale (Note 2) | 1,507 | 1,985 |
| Current assets | 59,589 | 59,799 |
| Investment securities (Note 3) | 38,705 | 38,000 |
| Property, plant and equipment – net (Note 6) | 12,345 | 12,494 |
| Goodwill (Note 7) | 13,304 | 13,385 |
| Other intangible assets – net (Note 7) | 5,547 | 5,695 |
| Contract and other deferred assets (Note 9) | 5,431 | 5,406 |
| All other assets (Note 10) | 16,995 | 15,997 |
| Deferred income taxes (Note 16) | 10,316 | 10,575 |
| Assets of discontinued operations (Note 2) | 1,709 | 1,695 |
| Total assets | $163,942 | $163,045 |
| Short-term borrowings (Note 11) | $1,032 | $1,253 |
| Accounts payable and equipment project payables (Note 12) | 15,184 | 15,408 |
| Progress collections and current deferred income (Note 9) | 20,718 | 19,677 |
| All other current liabilities (Note 15) | 12,342 | 12,712 |
| Liabilities of businesses held for sale (Note 2) | 1,811 | 1,826 |
| Current liabilities | 51,087 | 50,876 |
| Deferred income (Note 9) | 1,297 | 1,339 |
| Long-term borrowings (Note 11) | 19,493 | 19,711 |
| Insurance liabilities and annuity benefits (Note 13) | 37,934 | 39,624 |
| Non-current compensation and benefits | 11,002 | 11,214 |
| All other liabilities (Note 15) | 10,855 | 10,508 |
| Liabilities of discontinued operations (Note 2) | 1,169 | 1,193 |
| Total liabilities | 132,838 | 134,466 |
| Common stock (Note 17) | 15 | 15 |
| Accumulated other comprehensive income (loss) – net attributable to GE (Note 17) | (5,603) | (6,150) |
| Other capital | 25,887 | 26,962 |
| Retained earnings | 88,065 | 86,527 |
| Less common stock held in treasury | (78,508) | (79,976) |
| Total GE shareholders’ equity | 29,855 | 27,378 |
| Noncontrolling interests | 1,248 | 1,202 |
| Total equity | 31,104 | 28,579 |
| Total liabilities and equity | $163,942 | $163,045 |
1Q 2024 FORM 10-Q 27
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