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STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows – operating activities    
Net earnings (loss) $ (1,786) $ (3,933)
(Earnings) loss from discontinued operations 496 3,458
Adjustments to reconcile net earnings (loss) to cash from (used for) operating activities    
Depreciation and amortization of property, plant and equipment 903 935
Amortization of intangible assets (Note 7) 1,261 589
(Gains) losses on purchases and sales of business interests (Note 18) (19) 2
(Gains) losses on equity securities (Note 18) 1,987 (694)
Debt extinguishment costs (Note 11) 0 1,416
Principal pension plans cost (Note 13) 275 1,329
Principal pension plans employer contributions (Note 13) (159) (154)
Other postretirement benefit plans (net) (Note 13) (641) (497)
Provision (benefit) for income taxes (Note 15) 520 (325)
Cash recovered (paid) during the year for income taxes (479) (837)
Changes in operating working capital:    
Decrease (increase) in current receivables (1,334) 942
Decrease (increase) in inventories, including deferred inventory costs (2,346) (1,330)
Decrease (increase) in current contract assets 310 307
Increase (decrease) in accounts payable and equipment project accruals 1,446 200
Increase (decrease) in progress collections and current deferred income 788 (1,321)
Financial services derivatives net collateral/settlement (223) (1,324)
All other operating activities (1,026) (1,755)
Cash from (used for) operating activities – continuing operations (27) (2,991)
Cash from (used for) operating activities – discontinued operations 21 1,550
Cash from (used for) operating activities (6) (1,441)
Cash flows – investing activities    
Additions to property, plant and equipment (660) (599)
Dispositions of property, plant and equipment 72 105
Additions to internal-use software (48) (49)
Proceeds from principal business dispositions 0 1
Net cash from (payments for) principal businesses purchased 0 (27)
Sales of retained ownership interests 3,783 1,706
Net (purchases) dispositions of insurance investment securities (1,356) (1,111)
All other investing activities (757) 1,491
Cash from (used for) investing activities – continuing operations 1,034 1,517
Cash from (used for) investing activities – discontinued operations 491 (1,623)
Cash from (used for) investing activities 1,525 (106)
Cash flows – financing activities    
Net increase (decrease) in borrowings (maturities of 90 days or less) 64 (359)
Newly issued debt (maturities longer than 90 days) 0 358
Repayments and other debt reductions (maturities longer than 90 days) (2,046) (10,106)
Dividends paid to shareholders (294) (292)
Cash paid for debt extinguishment costs 0 (1,721)
Purchases of GE common stock for treasury (370) (82)
All other financing activities (494) 193
Cash from (used for) financing activities – continuing operations (3,141) (12,008)
Cash from (used for) financing activities – discontinued operations 1 2
Cash from (used for) financing activities (3,140) (12,006)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash (266) (37)
Increase (decrease) in cash, cash equivalents and restricted cash (1,887) (13,591)
Cash, cash equivalents and restricted cash at beginning of year 16,859 37,608
Cash, cash equivalents and restricted cash at June 30 14,971 24,018
Less cash, cash equivalents and restricted cash of discontinued operations at June 30 1,178 537
Cash, cash equivalents and restricted cash of continuing operations at June 30 $ 13,793 $ 23,480