Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

GE Aerospace, consolidated balance sheet: assets

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash, cash equivalents and restricted cash	13,619)	16,967)	17,262)	15,770)	36,630)
Investment securities	982)	5,706)	7,609)	12,297)	7,319)
Current receivables	9,327)	15,466)	17,976)	15,620)	16,691)
Financing receivables, net	—)	—)	—)	—)	1,265)
Inventories, including deferred inventory costs	9,763)	16,528)	17,403)	15,847)	15,890)
Other GE Capital receivables	—)	—)	—)	—)	3,331)
Current contract assets	2,982)	1,500)	3,088)	4,881)	5,764)
All other current assets	962)	1,647)	1,522)	1,933)	1,522)
Assets of businesses held for sale	—)	1,985)	1,374)	—)	—)
Current assets	37,635)	59,799)	66,234)	66,348)	88,412)
Investment securities	37,741)	38,000)	36,048)	42,209)	42,549)
Financing receivables, net	—)	—)	—)	—)	1,771)
Other GE Capital receivables	—)	—)	—)	—)	4,661)
Property, plant and equipment, net, excluding ROU operating lease assets	6,220)	10,654)	12,341)	13,003)	41,675)
ROU operating lease assets	1,057)	1,840)	2,137)	2,606)	2,987)
Goodwill	8,538)	13,385)	25,798)	26,182)	25,524)
Other intangible assets, net	4,257)	5,695)	7,625)	9,330)	9,774)
Contract and other deferred assets	4,831)	5,406)	6,010)	6,124)	5,888)
All other assets	13,909)	15,996)	16,998)	19,040)	14,598)
Deferred income taxes	7,111)	10,575)	11,705)	10,855)	12,081)
Assets of discontinued operations	1,841)	1,695)	2,892)	3,177)	3,532)
Non-current assets	85,505)	103,246)	121,554)	132,526)	165,040)
Total assets	123,140)	163,045)	187,788)	198,874)	253,452)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Assets: Selected Items

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Balance sheet item	Description	The company
Current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	GE Aerospace current assets decreased from 2022 to 2023 and from 2023 to 2024.
Property, plant and equipment, net, excluding ROU operating lease assets	Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures.	GE Aerospace property, plant and equipment, net, excluding ROU operating lease assets decreased from 2022 to 2023 and from 2023 to 2024.
Non-current assets	Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.	GE Aerospace non-current assets decreased from 2022 to 2023 and from 2023 to 2024.
Total assets	Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.	GE Aerospace total assets decreased from 2022 to 2023 and from 2023 to 2024.

Current Assets: Selected Items

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Balance sheet item	Description	The company
Cash, cash equivalents and restricted cash	Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation.	GE Aerospace cash, cash equivalents and restricted cash decreased from 2022 to 2023 and from 2023 to 2024.
Investment securities	Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current.	GE Aerospace investment securities decreased from 2022 to 2023 and from 2023 to 2024.
Current receivables	Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection.	GE Aerospace current receivables decreased from 2022 to 2023 and from 2023 to 2024.
Inventories, including deferred inventory costs	Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer.	GE Aerospace inventories, including deferred inventory costs decreased from 2022 to 2023 and from 2023 to 2024.

GE Aerospace (NYSE:GE)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items