Prepare a horizontal and vertical analysis for the GE 2016 income statement and a horizontal analysis for 2016 GE balance sheet. Comment on any significant changes you notice

GENERAL ELECTRIC CO (GE) CashFlowFlag INCOME STATEMENT
Fiscal year ends in December. USD in millions except per share data.	2015-12	2016-12
Revenue	117386	123693
Cost of revenue	82693	87483
Gross profit	34693	36210
Operating expenses
Sales, General and administrative	17831	18377
Other operating expenses
Total operating expenses	17831	18377
Operating income	16862	17833
Interest Expense	3463	5025
Other income (expense)	-5213	-3778
Income before taxes	8186	9030
Provision for income taxes	6486	-464
Net income from continuing operations	1700	9494
Net income from discontinuing ops	-7495	-954
Other	-331	291
Net income	-6126	8831
Preferred dividend	18	656
Net income available to common shareholders	-6144	8175
Earnings per share
Basic	-0.62	0.9
Diluted	-0.62	0.89
Weighted average shares outstanding
Basic	9944	9025
Diluted	10016	9130
EBITDA	16496	19052
GENERAL ELECTRIC CO (GE) CashFlowFlag BALANCE SHEET
Fiscal year ends in December. USD in millions except per share data.	2015-12	2016-12
Assets
Current assets
Cash
Cash and cash equivalents	70483	48129
Short-term investments	31973	44313
Total cash	102456	92442
Receivables	27022	24077
Inventories	22515	22353
Other current assets	18834	18186
Total current assets	170827	157058
Non-current assets
Property, plant and equipment
Gross property, plant and equipment	90961	80410
Accumulated Depreciation	-35927	-28158
Net property, plant and equipment	54095	50518
Equity and other investments	12673
Goodwill	65526	70438
Intangible assets	16745	16436
Deferred income taxes	3105	1833
Other long-term assets	169721	68900
Total non-current assets	321865	208125
Total assets	492692	365183
Liabilities and stockholders' equity
Liabilities
Current liabilities
Short-term debt	50810	30714
Accounts payable	13680	14435
Accrued liabilities	15776	16760
Other current liabilities	25764	19671
Total current liabilities	106030	81580
Non-current liabilities
Long-term debt	147466	105497
Deferred taxes liabilities
Pensions and other benefits	40487	43780
Minority interest	1864	1663
Other long-term liabilities	98571	56835
Total non-current liabilities	288388	207775
Total liabilities	394418	289355
Stockholders' equity
Preferred stock	6	6
Common stock	702	702
Additional paid-in capital	37613	37224
Retained earnings	140020	139532
Treasury stock	-63539	-83038
Accumulated other comprehensive income	-16528	-18598
Total stockholders' equity	98274	75828
Total liabilities and stockholders' equity	492692	365183

Other operating expenses

Total operating expenses

18377

Operating income

17833

Interest Expense

5025

Other income (expense)

-3778

Income before taxes

9030

Provision for income taxes

-464

Net income from continuing operations

9494

Net income from discontinuing ops

-954

Other

291

Net income

8831

Preferred dividend

656

Net income available to common shareholders

8175

Earnings per share

Basic

0.9

Diluted

0.89

Weighted average shares outstanding

Basic

9025

Diluted

9130

EBITDA

19052

GENERAL ELECTRIC CO (GE) CashFlowFlag BALANCE SHEET

Fiscal year ends in December. USD in millions except per share data.

2016-12

Assets

Current assets

Cash

Cash and cash equivalents

48129

Short-term investments

44313

Total cash

92442

Receivables

24077

Inventories

22353

Other current assets

18186

Total current assets

157058

Non-current assets

Property, plant and equipment

Gross property, plant and equipment

80410

Accumulated Depreciation

-28158

Net property, plant and equipment

50518

Equity and other investments

Goodwill

70438

Intangible assets

16436

Deferred income taxes

1833

Other long-term assets

68900

Total non-current assets

208125

Total assets

365183

Liabilities and stockholders' equity

Liabilities

Current liabilities

Short-term debt

30714

Accounts payable

14435

Accrued liabilities

16760

Other current liabilities

19671

Total current liabilities

81580

Non-current liabilities

Long-term debt

105497

Deferred taxes liabilities

Pensions and other benefits

43780

Minority interest

1663

Other long-term liabilities

56835

Total non-current liabilities

207775

Total liabilities

289355

Stockholders' equity

Preferred stock

6

Common stock

702

Additional paid-in capital

37224

Retained earnings

139532

Treasury stock

-83038

Accumulated other comprehensive income

-18598

Total stockholders' equity

75828

Total liabilities and stockholders' equity

365183