GENERAL ELECTRIC CO
For the period ended Dec 31, 2024. Filed Feb 3, 2025.
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FY2024 · Filed Feb 3, 2025
GE$337.91+0.7%Stored close · as of Nov 10, 2026
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Statement of Financial Position
| STATEMENT OF FINANCIAL POSITION | ||
|---|---|---|
| December 31 (In millions) | 2024 | 2023 |
| Cash, cash equivalents and restricted cash | $13,619 | $15,204 |
| Investment securities (Note 3) | 982 | 5,706 |
| Current receivables (Note 4) | 9,327 | 8,703 |
| Inventories, including deferred inventory costs (Note 5) | 9,763 | 8,284 |
| Current contract assets (Note 8) | 2,982 | 2,875 |
| All other current assets (Note 9) | 962 | 1,244 |
| Assets of businesses held for sale (Note 2) | — | 541 |
| Current assets | 37,635 | 42,556 |
| Investment securities (Note 3) | 37,741 | 38,000 |
| Property, plant and equipment – net (Note 6) | 7,277 | 7,246 |
| Goodwill (Note 7) | 8,538 | 8,948 |
| Other intangible assets – net (Note 7) | 4,257 | 4,642 |
| Contract and other deferred assets (Note 8) | 4,831 | 4,785 |
| All other assets (Note 9) | 13,910 | 11,695 |
| Deferred income taxes (Note 15) | 7,111 | 7,502 |
| Assets of discontinued operations (Note 2) | 1,841 | 47,927 |
| Total assets | $123,140 | $173,300 |
| Short-term borrowings (Note 10) | $2,039 | $1,108 |
| Accounts payable (Note 11) | 7,909 | 7,516 |
| Progress collections (Note 8) | 6,695 | 6,177 |
| Contract liabilities and deferred income (Note 8) | 9,353 | 8,322 |
| Sales discounts and allowances (Note 14) | 3,475 | 3,741 |
| All other current liabilities (Note 14) | 4,920 | 4,860 |
| Liabilities of businesses held for sale (Note 2) | — | 378 |
| Current liabilities | 34,392 | 32,103 |
| Deferred income (Note 8) | 1,013 | 975 |
| Long-term borrowings (Note 10) | 17,234 | 19,417 |
| Insurance liabilities and annuity benefits (Note 12) | 36,209 | 39,576 |
| Non-current compensation and benefits | 7,035 | 7,656 |
| All other liabilities (Note 14) | 6,376 | 5,756 |
| Liabilities of discontinued operations (Note 2) | 1,317 | 39,213 |
| Total liabilities | 103,576 | 144,695 |
| Common stock (1,073,692,183 and 1,088,415,995 shares outstanding at December 31, 2024 and 2023, respectively) (Note 16) | 15 | 15 |
| Accumulated other comprehensive income (loss) – net attributable to the Company (Note 16) | (3,861) | (6,150) |
| Other capital | 24,266 | 26,962 |
| Retained earnings | 80,488 | 86,553 |
| Less common stock held in treasury | (81,566) | (79,976) |
| Total shareholders’ equity | 19,342 | 27,403 |
| Noncontrolling interests | 223 | 1,202 |
| Total equity | 19,564 | 28,605 |
| Total liabilities and equity | $123,140 | $173,300 |
2024 FORM 10-K 39
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