Decrease in equity balance

  


|  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |
| STATEMENT OF FINANCIAL POSITION |  |
| December 31 (In millions, except share amounts) | 2021 | 2020 |
|  |  |  |
| Cash, cash equivalents and restricted cash(a) | $ | 15,770  |  | $ | 36,530  |  |
| Investment securities (Note 3) | 12,297  |  | 7,319  |  |
| Current receivables (Note 4) | 15,620  |  | 16,691  |  |
|  |  |  |
| Inventories, including deferred inventory costs (Note 5) | 15,847  |  | 15,890  |  |
|  |  |  |
|  |  |  |
| Current contract assets (Note 8) | 4,881  |  | 5,764  |  |
| All other current assets (Note 9) | 1,933  |  | 2,659  |  |
|  |  |  |
|   Current assets | 66,348  |  | 84,853  |  |
|  |  |  |
| Investment securities (Note 3) | 42,209  |  | 42,549  |  |
|  |  |  |
|  |  |  |
| Property, plant and equipment – net (Note 6) | 15,609  |  | 16,699  |  |
|  |  |  |
| Goodwill (Note 7) | 26,182  |  | 25,524  |  |
| Other intangible assets – net (Note 7) | 9,330  |  | 9,671  |  |
| Contract and other deferred assets (Note 8) | 6,124  |  | 5,888  |  |
| All other assets (Note 9) | 19,040  |  | 16,025  |  |
| Deferred income taxes (Note 14) | 10,855  |  | 14,253  |  |
| Assets of discontinued operations (Note 2) | 3,177  |  | 40,749  |  |
| Total assets | $ | 198,874  |  | $ | 256,211  |  |
|  |  |  |
| Short-term borrowings (Note 10) | $ | 4,361  |  | $ | 4,713  |  |
|  |  |  |
| Accounts payable and equipment project accruals | 16,243  |  | 16,458  |  |
| Progress collections and deferred income (Note 8) | 17,372  |  | 18,371  |  |
| All other current liabilities (Note 13) | 13,977  |  | 15,071  |  |
|  |  |  |
|   Current liabilities | 51,953  |  | 54,613  |  |
|  |  |  |
| Deferred income (Note 8) | 1,989  |  | 1,801  |  |
| Long-term borrowings (Note 10) | 30,824  |  | 70,189  |  |
|  |  |  |
| Insurance liabilities and annuity benefits (Note 11) | 37,166  |  | 42,191  |  |
| Non-current compensation and benefits | 21,202  |  | 29,677  |  |
| All other liabilities (Note 13) | 13,240  |  | 14,781  |  |
| Liabilities of discontinued operations (Note 2) | 887  |  | 5,886  |  |
| Total liabilities | 157,262  |  | 219,138  |  |
|  |  |  |
| Preferred stock (5,939,875 shares outstanding at both December 31, 2021 and December 31, 2020) | 6  |  | 6  |  |
| Common stock (1,099,027,213 and 1,095,686,581 shares outstanding  at December 31, 2021 and December 31, 2020, respectively)(b) | 15  |  | 702  |  |
| Accumulated other comprehensive income (loss) – net attributable to GE | 1,582  |  | (9,749) |  |
| Other capital | 34,691  |  | 34,307  |  |
| Retained earnings | 85,110  |  | 92,247  |  |
| Less common stock held in treasury | (81,093) |  | (81,961) |  |
| Total GE shareholders’ equity | 40,310  |  | 35,552  |  |
| Noncontrolling interests (Note 15) | 1,302  |  | 1,522  |  |
| Total equity | 41,612  |  | 37,073  |  |
| Total liabilities and equity | $ | 198,874  |  | $ | 256,211  |  |

(a) Excluded $353 million and $455 million at December 31, 2021 and December 31, 2020, respectively, in our run-off Insurance business, which is subject to regulatory restrictions. This balance is included in All other assets. See Note 9 for further information.(b) Reduction of $687 million in common stock represents the change in par value of issued shares from $0.06 to $0.01 with the offsetting change in Other capital.  
  
  
2021 FORM 10-K 48
