Stock Analysis on Net

General Electric Co. (NYSE:GE)

Cash Flow Statement 

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

General Electric Co., consolidated cash flow statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net earnings (loss) 9,443 292 (6,591) 5,546 (4,912)
(Earnings) loss from discontinued operations activities (414) 644 3,195 125 5,335
Depreciation and amortization of property, plant and equipment 1,473 1,802 1,871 4,636 4,026
Amortization of intangible assets 606 1,742 1,138 1,382 1,569
Goodwill impairments 1,717 1,486
(Gains) losses on purchases and sales of business interests (104) (66) 40 (12,526) (53)
(Gains) losses on retained and sold ownership interests and other equity securities (5,842) 144 (1,656) 2,105 (693)
Debt extinguishment costs 465 6,524
Principal pension plans cost (1,108) 575 2,650 3,559 3,878
Principal pension plans employer contributions (212) (325) (326) (2,806) (298)
Other postretirement benefit plans, net (644) (1,160) (1,144) (893) (1,228)
Provision (benefit) for income taxes 1,162 476 (286) (474) 726
Cash paid during the year for income taxes (1,148) (1,127) (1,165) (1,441) (1,950)
(Increase) decrease in current receivables (833) (3,011) (177) (1,319) (2,851)
(Increase) decrease in inventories, including deferred inventory costs (1,524) (2,341) (702) 1,105 (1,581)
(Increase) decrease in current contract assets 1,283 1,463 1,031 1,631 891
Increase (decrease) in accounts payable and equipment project payables (221) 2,793 (2) (575) 2,674
Increase (decrease) in progress collections and current deferred income 2,933 2,492 (1,052) (216) 1,531
Changes in operating working capital 1,638 1,396 (902) 626 664
Financial services derivatives net collateral/settlement 3 (154) (1,143)
All other operating activities 717 1,160 (1,317) 2,041 1,869
Adjustments to reconcile net earnings (loss) to cash from operating activities (3,459) 4,928 4,284 (2,074) 9,996
Cash from operating activities 5,570 5,864 888 3,597 10,419
Additions to property, plant and equipment and internal-use software (1,595) (1,484) (1,361) (3,403) (6,095)
Dispositions of property, plant and equipment 89 209 167 1,644 3,718
Net (increase) decrease in GE Capital financing receivables (20) 1,117
Proceeds from sale of discontinued operations 22,356 5,864
Proceeds from principal business dispositions 15 1 20,596 4,683
Net payments for principal businesses purchased (365) (30) (1,550) (85) (68)
Dispositions of retained ownership interests 9,004 4,717 4,145 417 3,383
Net purchases of insurance investment securities (986) (876) (1,290) (1,352) (1,616)
All other investing activities 791 (726) 1,237 (1,019) (302)
Cash from investing activities 6,938 1,825 23,705 16,778 10,684
Net increase (decrease) in borrowings, maturities of 90 days or less (55) 65 (710) (4,168) 280
Newly issued debt, maturities longer than 90 days 11 8,205 364 15,028 2,185
Repayments and other debt reductions, maturities longer than 90 days (3,360) (11,205) (36,521) (29,876) (16,567)
Dividends paid to shareholders (589) (639) (575) (648) (649)
Cash received (paid) for debt extinguishment costs 338 (7,196)
Redemption of GE preferred stock (5,795)
Purchases of GE common stock for treasury (1,233) (1,048) (107)
All other financing activities 409 (1,301) (551) (189) (1,013)
Cash used for financing activities (10,612) (5,585) (45,296) (19,853) (15,764)
Cash from (used for) operating activities, discontinued operations (391) 52 2,444 (1,647)
Cash (used for) from investing activities, discontinued operations (2,960) 445 (2,397) (136) (1,745)
Cash from (used for) financing activities, discontinued operations 2,000 119 1 (368)
Cash from (used for) discontinued operations (1,351) 497 166 (135) (3,760)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash 119 (369) (213) 144 (50)
Increase (decrease) in cash, cash equivalents and restricted cash 664 2,232 (20,750) 531 1,529
Cash, cash equivalents and restricted cash at beginning of year 19,091 16,859 37,609 37,077 35,548
Cash, cash equivalents and restricted cash at end of year 19,755 19,091 16,859 37,608 37,077

Based on: 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), 10-K (reporting date: 2019-12-31).

Cash flow statement item Description The company
Cash from operating activities Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. General Electric Co. cash from operating activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Cash from investing activities Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. General Electric Co. cash from investing activities decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
Cash used for financing activities Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. General Electric Co. cash used for financing activities increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.