STATEMENT OF CASH FLOWS (UNAUDITED) $ in Millions |
3 Months Ended |
Mar. 31, 2020
USD ($)
|
Mar. 31, 2019
USD ($)
|
Cash flows – operating activities |
|
|
|
|
Net earnings (loss) |
$ 6,233
|
|
$ 3,645
|
|
(Earnings) loss from discontinued operations |
178
|
|
(2,663)
|
|
Adjustments to reconcile net earnings (loss) to cash provided from operating activities |
|
|
|
|
Depreciation and amortization of property, plant and equipment (Note 7) |
991
|
|
995
|
|
Amortization of intangible assets (Note 8) |
340
|
|
367
|
|
(Earnings) loss from continuing operations retained by GE Capital |
0
|
|
0
|
|
(Gains) losses on purchases and sales of business interests (Note 23) |
(12,372)
|
|
(253)
|
|
(Gains) losses on equity securities (Note 23) |
5,874
|
|
(20)
|
|
Principal pension plans cost (Note 13) |
877
|
|
868
|
|
Principal pension plans employer contributions |
(70)
|
|
(65)
|
|
Other postretirement benefit plans (net) |
(254)
|
|
(289)
|
|
Provision (benefit) for income taxes |
63
|
|
140
|
|
Cash recovered (paid) during the year for income taxes |
(310)
|
|
(280)
|
|
Decrease (increase) in contract and other deferred assets |
(12)
|
|
(680)
|
|
Decrease (increase) in GE current receivables |
(503)
|
|
545
|
|
Decrease (increase) in inventories |
(978)
|
|
(1,165)
|
|
Increase (decrease) in accounts payable |
(601)
|
|
215
|
|
Increase (decrease) in GE progress collections |
(655)
|
|
(331)
|
|
All other operating activities |
1,050
|
|
(609)
|
|
Cash from (used for) operating activities – continuing operations |
(148)
|
|
420
|
|
Cash from (used for) operating activities – discontinued operations |
(67)
|
|
(298)
|
|
Cash from (used for) operating activities |
(214)
|
|
122
|
|
Cash flows – investing activities |
|
|
|
|
Additions to property, plant and equipment |
(1,027)
|
|
(1,395)
|
|
Dispositions of property, plant and equipment |
731
|
|
1,068
|
|
Additions to internal-use software |
(60)
|
|
(69)
|
|
Net decrease (increase) in financing receivables |
(50)
|
|
353
|
|
Proceeds from sale of discontinued operations |
0
|
|
2,865
|
|
Proceeds from principal business dispositions |
20,488
|
|
569
|
|
Net cash from (payments for) principal businesses purchased |
(6)
|
|
0
|
|
All other investing activities |
(856)
|
|
305
|
|
Cash from (used for) investing activities – continuing operations |
19,221
|
|
3,696
|
|
Cash from (used for) investing activities – discontinued operations |
(134)
|
|
(206)
|
|
Cash from (used for) investing activities |
19,086
|
|
3,490
|
|
Cash flows – financing activities |
|
|
|
|
Net increase (decrease) in borrowings (maturities of 90 days or less) |
(1,905)
|
|
(445)
|
|
Newly issued debt (maturities longer than 90 days) |
125
|
|
731
|
|
Repayments and other debt reductions (maturities longer than 90 days) |
(5,903)
|
|
(3,546)
|
|
Dividends paid to shareholders |
(89)
|
|
(88)
|
|
All other financing activities |
(147)
|
|
(113)
|
|
Cash from (used for) financing activities – continuing operations |
(7,919)
|
|
(3,461)
|
|
Cash from (used for) financing activities – discontinued operations |
0
|
|
(274)
|
|
Cash from (used for) financing activities |
(7,919)
|
|
(3,735)
|
|
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash |
(256)
|
|
78
|
|
Increase (decrease) in cash, cash equivalents and restricted cash |
10,697
|
|
(45)
|
|
Cash, cash equivalents and restricted cash at beginning of year |
37,077
|
|
35,548
|
|
Cash, cash equivalents and restricted cash at March 31 |
47,774
|
|
35,503
|
|
Less cash, cash equivalents and restricted cash of discontinued operations at March 31 |
437
|
|
3,671
|
|
Cash, cash equivalents and restricted cash of continuing operations at March 31 |
47,338
|
|
31,832
|
|
GE Capital |
|
|
|
|
Cash flows – operating activities |
|
|
|
|
Net earnings (loss) |
(151)
|
|
210
|
|
(Earnings) loss from discontinued operations |
164
|
|
(35)
|
|
Adjustments to reconcile net earnings (loss) to cash provided from operating activities |
|
|
|
|
Depreciation and amortization of property, plant and equipment (Note 7) |
536
|
|
488
|
|
Amortization of intangible assets (Note 8) |
25
|
|
13
|
|
(Earnings) loss from continuing operations retained by GE Capital |
0
|
|
0
|
|
(Gains) losses on purchases and sales of business interests (Note 23) |
0
|
|
0
|
|
(Gains) losses on equity securities (Note 23) |
86
|
|
(1)
|
|
Principal pension plans cost (Note 13) |
0
|
|
0
|
|
Principal pension plans employer contributions |
0
|
|
0
|
|
Other postretirement benefit plans (net) |
(8)
|
|
3
|
|
Provision (benefit) for income taxes |
(123)
|
|
(128)
|
|
Cash recovered (paid) during the year for income taxes |
(32)
|
|
(8)
|
|
Decrease (increase) in contract and other deferred assets |
0
|
|
0
|
|
Decrease (increase) in GE current receivables |
0
|
|
0
|
|
Decrease (increase) in inventories |
0
|
|
0
|
|
Increase (decrease) in accounts payable |
(5)
|
|
(41)
|
|
Increase (decrease) in GE progress collections |
0
|
|
0
|
|
All other operating activities |
784
|
|
(451)
|
|
Cash from (used for) operating activities – continuing operations |
1,276
|
|
50
|
|
Cash from (used for) operating activities – discontinued operations |
(95)
|
|
(86)
|
|
Cash from (used for) operating activities |
1,181
|
|
(36)
|
|
Cash flows – investing activities |
|
|
|
|
Additions to property, plant and equipment |
(541)
|
|
(911)
|
|
Dispositions of property, plant and equipment |
709
|
|
993
|
|
Additions to internal-use software |
(1)
|
|
(3)
|
|
Net decrease (increase) in financing receivables |
(506)
|
|
1,673
|
|
Proceeds from sale of discontinued operations |
0
|
|
0
|
|
Proceeds from principal business dispositions |
(16)
|
|
396
|
|
Net cash from (payments for) principal businesses purchased |
0
|
|
0
|
|
All other investing activities |
300
|
|
1,655
|
|
Cash from (used for) investing activities – continuing operations |
(56)
|
|
3,802
|
|
Cash from (used for) investing activities – discontinued operations |
(101)
|
|
152
|
|
Cash from (used for) investing activities |
(157)
|
|
3,954
|
|
Cash flows – financing activities |
|
|
|
|
Net increase (decrease) in borrowings (maturities of 90 days or less) |
(514)
|
|
(612)
|
|
Newly issued debt (maturities longer than 90 days) |
124
|
|
483
|
|
Repayments and other debt reductions (maturities longer than 90 days) |
(5,840)
|
|
(3,255)
|
|
Dividends paid to shareholders |
(42)
|
|
(38)
|
|
All other financing activities |
(135)
|
|
(95)
|
|
Cash from (used for) financing activities – continuing operations |
(6,406)
|
|
(3,518)
|
|
Cash from (used for) financing activities – discontinued operations |
0
|
|
(1)
|
|
Cash from (used for) financing activities |
(6,406)
|
|
(3,519)
|
|
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash |
(113)
|
|
10
|
|
Increase (decrease) in cash, cash equivalents and restricted cash |
(5,495)
|
|
409
|
|
Cash, cash equivalents and restricted cash at beginning of year |
19,460
|
|
15,020
|
|
Cash, cash equivalents and restricted cash at March 31 |
13,964
|
|
15,429
|
|
Less cash, cash equivalents and restricted cash of discontinued operations at March 31 |
437
|
|
593
|
|
Cash, cash equivalents and restricted cash of continuing operations at March 31 |
13,527
|
|
14,836
|
|
GE |
|
|
|
|
Cash flows – operating activities |
|
|
|
|
Net earnings (loss) |
6,190
|
[1],[2] |
3,606
|
[1],[2] |
(Earnings) loss from discontinued operations |
178
|
[1],[2] |
(2,663)
|
[1],[2] |
Adjustments to reconcile net earnings (loss) to cash provided from operating activities |
|
|
|
|
Depreciation and amortization of property, plant and equipment (Note 7) |
453
|
[2] |
505
|
[2] |
Amortization of intangible assets (Note 8) |
315
|
[2] |
353
|
[2] |
(Earnings) loss from continuing operations retained by GE Capital |
30
|
[2] |
(135)
|
[2] |
(Gains) losses on purchases and sales of business interests (Note 23) |
(12,372)
|
[2] |
(253)
|
[2] |
(Gains) losses on equity securities (Note 23) |
5,789
|
[2] |
(20)
|
[2] |
Principal pension plans cost (Note 13) |
877
|
[2] |
868
|
[2] |
Principal pension plans employer contributions |
(70)
|
[2] |
(65)
|
[2] |
Other postretirement benefit plans (net) |
(247)
|
[2] |
(292)
|
[2] |
Provision (benefit) for income taxes |
187
|
[1],[2] |
268
|
[1],[2] |
Cash recovered (paid) during the year for income taxes |
(278)
|
[2] |
(272)
|
[2] |
Decrease (increase) in contract and other deferred assets |
(12)
|
[2] |
(680)
|
[2] |
Decrease (increase) in GE current receivables |
487
|
[2] |
(57)
|
[2] |
Decrease (increase) in inventories |
(966)
|
[2] |
(1,088)
|
[2] |
Increase (decrease) in accounts payable |
(1,468)
|
[2] |
(2)
|
[2] |
Increase (decrease) in GE progress collections |
(673)
|
[2] |
(343)
|
[2] |
All other operating activities |
(82)
|
[2] |
(336)
|
[2] |
Cash from (used for) operating activities – continuing operations |
(1,662)
|
[2] |
(607)
|
[2] |
Cash from (used for) operating activities – discontinued operations |
29
|
[2] |
(528)
|
[2] |
Cash from (used for) operating activities |
(1,633)
|
[2] |
(1,135)
|
[2] |
Cash flows – investing activities |
|
|
|
|
Additions to property, plant and equipment |
(504)
|
[2] |
(552)
|
[2] |
Dispositions of property, plant and equipment |
29
|
[2] |
79
|
[2] |
Additions to internal-use software |
(58)
|
[2] |
(66)
|
[2] |
Net decrease (increase) in financing receivables |
0
|
[2] |
0
|
[2] |
Proceeds from sale of discontinued operations |
0
|
[2] |
2,865
|
[2] |
Proceeds from principal business dispositions |
20,505
|
[2] |
561
|
[2] |
Net cash from (payments for) principal businesses purchased |
(6)
|
[2] |
(396)
|
[2] |
All other investing activities |
81
|
[2] |
(245)
|
[2] |
Cash from (used for) investing activities – continuing operations |
20,046
|
[2] |
2,246
|
[2] |
Cash from (used for) investing activities – discontinued operations |
(33)
|
[2] |
(42)
|
[2] |
Cash from (used for) investing activities |
20,013
|
[2] |
2,204
|
[2] |
Cash flows – financing activities |
|
|
|
|
Net increase (decrease) in borrowings (maturities of 90 days or less) |
(1,881)
|
[2] |
(1,170)
|
[2] |
Newly issued debt (maturities longer than 90 days) |
1
|
[2] |
248
|
[2] |
Repayments and other debt reductions (maturities longer than 90 days) |
(64)
|
[2] |
(290)
|
[2] |
Dividends paid to shareholders |
(89)
|
[2] |
(88)
|
[2] |
All other financing activities |
(12)
|
[2] |
(18)
|
[2] |
Cash from (used for) financing activities – continuing operations |
(2,045)
|
[2] |
(1,318)
|
[2] |
Cash from (used for) financing activities – discontinued operations |
0
|
[2] |
(273)
|
[2] |
Cash from (used for) financing activities |
(2,045)
|
[2] |
(1,592)
|
[2] |
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash |
(143)
|
[2] |
68
|
[2] |
Increase (decrease) in cash, cash equivalents and restricted cash |
16,193
|
[2] |
(455)
|
[2] |
Cash, cash equivalents and restricted cash at beginning of year |
17,617
|
[2] |
20,528
|
[2] |
Cash, cash equivalents and restricted cash at March 31 |
33,810
|
[2] |
20,073
|
[2] |
Less cash, cash equivalents and restricted cash of discontinued operations at March 31 |
0
|
[2] |
3,078
|
[2] |
Cash, cash equivalents and restricted cash of continuing operations at March 31 |
$ 33,810
|
[2] |
$ 16,996
|
[2] |
|
|