Stock Analysis on Net
Stock Analysis on Net
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General Electric Co. (NYSE:GE)

Cash Flow Statement

Beginner level

The cash flow statement provides information about a company’s 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’s 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

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12 months ended: Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015
Net earnings (loss) (4,912) (22,443) (6,056) 8,540  (5,795)
Net (earnings) loss attributable to noncontrolling interests —  —  270  291  (331)
Net earnings (loss) attributable to the Company (4,912) (22,443) (5,786) 8,831  (6,126)
Loss from discontinued operations 5,335  1,726  309  954  7,495 
Depreciation and amortization of property, plant and equipment 4,026  5,562  5,139  4,997  4,847 
Amortization of intangible assets 1,569  2,662  —  —  — 
Goodwill impairments 1,486  22,136  2,550  —  — 
Gains on purchases and sales of business interests (53) (1,582) —  —  — 
Principal pension plans cost 3,878  4,260  —  —  — 
Principal pension plans employer contributions (298) (6,283) —  —  — 
Other postretirement benefit plans, net (1,228) (1,101) —  —  — 
Provision (benefit) for income taxes 726  583  —  —  — 
Cash paid during the year for income taxes (1,950) (1,864) —  —  — 
Deferred income taxes —  —  (4,845) 814  383 
(Increase) decrease in contract and other deferred assets 62  (92) —  —  — 
(Increase) decrease in GE current receivables (2,851) (430) 1,551  1,514  (52)
(Increase) decrease in inventories (1,109) (902) 747  (1,389) (314)
Increase (decrease) in accounts payable 2,977  2,199  (335) 1,198  (541)
Increase (decrease) in GE progress collections 1,373  (502) 1,322  1,836  (996)
(Increase) decrease in operating capital 452  273  3,285  3,159  (1,903)
All other operating activities 1,388  733  10,742  (12,656) 7,160 
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities 9,996  25,379  16,871  (3,686) 10,487 
Cash from operating activities 10,419  4,662  11,394  6,099  11,856 
Additions to property, plant and equipment (5,813) (7,695) (7,371) (7,199) (7,309)
Dispositions of property, plant and equipment 3,718  4,519  5,746  4,424  3,020 
Additions to internal-use software (282) (361) (549) (749) (778)
Net (increase) decrease in GE Capital financing receivables 1,117  1,796  805  200  1,043 
Proceeds from sale of discontinued operations 5,864  29  1,464  59,890  79,615 
Proceeds from principal business dispositions 4,683  8,884  3,228  5,357  2,283 
Net payments for principal businesses purchased (68) (90) (6,087) (2,271) (12,027)
All other investing activities 1,465  10,970  6,704  2,961  (4,234)
Cash from investing activities 10,684  18,052  3,940  62,613  61,613 
Net increase (decrease) in borrowings, maturities of 90 days or less 280  (4,436) 1,794  (1,135) (24,459)
Newly issued debt, maturities longer than 90 days 2,185  3,201  14,876  1,492  13,951 
Repayments and other reductions, maturities longer than 90 days (16,567) (21,166) (25,622) (58,768) (47,038)
Net (purchases) dispositions of GE shares for treasury 29  (17) (2,550) (21,429) (1,099)
Dividends paid to shareholders (649) (4,474) (8,650) (8,806) (9,295)
All other financing activities (1,042) (4,141) (903) (1,274) (1,607)
Cash used for financing activities (15,764) (31,033) (21,055) (89,920) (69,547)
Cash from (used for) operating activities, discontinued operations (1,647) (416) (968) (6,343) 8,035 
Cash from (used for) investing activities, discontinued operations (1,745) 187  (1,618) (13,411) (2,125)
Cash from (used for) financing activities, discontinued operations (368) —  1,909  789  (6,507)
Cash used for discontinued operations (3,760) (229) (677) (18,965) (597)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash (50) (628) 891  (1,146) (3,463)
Increase (decrease) in cash, cash equivalents and restricted cash 1,529  (9,176) (5,507) (41,319) (138)
Cash, cash equivalents and restricted cash at beginning of year 35,548  44,724  49,558  90,878  91,017 
Cash, cash equivalents and restricted cash at end of year 37,077  35,548  44,051  49,559  90,879 

Based on: 10-K (filing date: 2020-02-24), 10-K (filing date: 2019-02-26), 10-K (filing date: 2018-02-23), 10-K (filing date: 2017-02-24), 10-K (filing date: 2016-02-26).

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.’s cash from operating activities decreased from 2017 to 2018 but then increased from 2018 to 2019 not reaching 2017 level.
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.’s cash from investing activities increased from 2017 to 2018 but then slightly decreased from 2018 to 2019 not reaching 2017 level.
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.’s cash used for financing activities decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.