10-Q/APeriod: Q3 FY2009

GENERAL ELECTRIC CO Quarterly Report (Amendment) for Q3 Ended Sep 30, 2009

Filed November 6, 2009For Securities:GE

Summary

This amended 10-Q filing for General Electric (GE) as of September 29, 2009, primarily serves to provide supplementary exhibits and certifications related to the company's financial reporting. Investors should note the amendment includes an Income Maintenance Agreement with GE Capital, underscoring the interconnectedness of GE's financial entities. The filing also reiterates the availability of detailed financial data, including per share earnings, ratios of earnings to fixed charges, and other GAAP-supplementing measures, all formatted in XBRL for enhanced accessibility and analysis. While this specific filing amendment focuses on documentation rather than new operational performance figures, it is crucial for understanding the company's compliance and disclosure practices. Investors should review the incorporated exhibits and the XBRL data for a comprehensive understanding of GE's financial position and performance during this period, especially in the context of the prevailing economic climate.

Financial Highlights

41 data points
Beta

Revenue

$12.32B

53.2% Gross Margin

Net Income

$2.49B

20.2% Net Margin

EPS (Diluted)

$1.84

Total Assets

$787.85B

Cash & Equivalents

$61.37B

Free Cash Flow

$7.04B

Financial Statements
Beta
Revenue$12.32B
Cost of Revenue$11.78B
Gross Profit$6.56B
Operating Expenses$9.35B
Operating Income$120.00M
Net Income$2.49B
EPS (Basic)$1.84
EPS (Diluted)$1.84

Key Highlights

  • 1Amendment includes an Amended and Restated Income Maintenance Agreement between GE and GE Capital, dated October 29, 2009.
  • 2Filing provides certifications pursuant to SEC Rules 13a-14(a) and 15d-14(a), and Section 1350 of 18 U.S.C.
  • 3Includes computations for per share earnings, ratio of earnings to fixed charges, and ratio of earnings to combined fixed charges and preferred stock dividends.
  • 4Presents financial measures that supplement Generally Accepted Accounting Principles (GAAP).
  • 5XBRL-formatted financial statements (Statements of Earnings, Financial Position, Cash Flows, Segment Summary, and Notes) are provided for the period ending September 30, 2009.
  • 6Exhibits are incorporated by reference from a prior GE Form 10-Q filed on November 2, 2009.

Frequently Asked Questions

This amended 10-Q filing primarily serves to provide supplementary exhibits and certifications related to GE's financial reporting for the period ending September 29, 2009. It includes important agreements, financial ratio computations, and XBRL-formatted financial statements.

The Amended and Restated Income Maintenance Agreement between GE and General Electric Capital Corporation (GE Capital) is significant as it pertains to the financial relationship and support between the parent company and its substantial financial services arm. This agreement is critical for investors to understand GE Capital's operational stability and its reliance on, or contribution to, the broader GE entity.

Detailed financial performance data, including the Condensed Statement of Earnings, Condensed Statement of Financial Position, and Condensed Statement of Cash Flows for the three and nine months ended September 30, 2009, are provided in XBRL format as Exhibit 101 within this filing. These statements cover the periods requested and are formatted for easy analysis.

This specific filing amendment is primarily focused on providing exhibits, certifications, and supplementary financial information rather than presenting new operational results or significant performance updates. The core financial performance figures would have been detailed in the initial 10-Q filing, with this amendment providing supporting documentation and disclosures.