10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
GENERAL ELECTRIC CO | |||
Ticker: GE Fiscal Year: 2010 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 25, 2011) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash flows - operating activities | |||
| Net earnings | $ 12,179 | 11,225 | 18,051 |
| Less net earnings attributable to noncontrolling interests | 535 | 200 | 641 |
| Net earnings attributable to the Company | 11,644 | 11,025 | 17,410 |
| (Earnings) loss from discontinued operations | 979 | (82) | 617 |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 10,013 | 10,619 | 11,481 |
| Earnings from continuing operations retained by GECS | |||
| Deferred income taxes | 1,046 | (2,793) | (1,282) |
| Decrease (increase) in GE current receivables | (126) | 3,273 | (24) |
| Decrease (increase) in inventories | 342 | 1,101 | (719) |
| Increase (decrease) in accounts payable | 805 | (439) | (1,063) |
| Increase (decrease) in GE progress collections | (1,177) | (500) | 2,827 |
| Provision for losses on GECS financing receivables | 7,191 | 10,627 | 7,233 |
| All other operating activities (Note 25) | 5,075 | (8,433) | 11,214 |
| Cash from (used for) operating activities - continuing operations | 35,792 | 24,398 | 47,694 |
| Cash from (used for) operating activities - discontinued operations | 331 | 19 | 959 |
| Cash from (used for) operating activities | 36,123 | 24,417 | 48,653 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (9,800) | (8,634) | (16,010) |
| Dispositions of property, plant and equipment | 7,208 | 6,478 | 10,954 |
| Net decrease (increase) in GECS financing receivables | 25,010 | 42,917 | (17,143) |
| Proceeds from sales of discontinued operations | 2,510 | 5,423 | |
| Proceeds from principal business dispositions | 3,062 | 9,978 | 4,986 |
| Payments for principal businesses purchased | (1,212) | (7,842) | (28,110) |
| Capital contribution from GE to GECS | |||
| All other investing activities | 7,703 | (2,070) | 6,168 |
| Cash from (used for) investing activities - continuing operations | 34,481 | 40,827 | (33,732) |
| Cash from (used for) investing activities - discontinued operations | (2,045) | 1,551 | (1,036) |
| Cash from (used for) investing activities | 32,436 | 42,378 | (34,768) |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (1,228) | (26,115) | (48,511) |
| Net increase (decrease) in bank deposits | 4,603 | (3,784) | 20,623 |
| Newly issued debt (maturities longer than 90 days) | 47,642 | 82,838 | 116,624 |
| Repayments and other reductions (maturities longer than 90 days) | (100,154) | (85,016) | (68,993) |
| Proceeds from issuance of preferred stock and warrants | 2,965 | ||
| Proceeds from issuance of common stock | 12,006 | ||
| Net dispositions (purchases) of GE shares for treasury | (1,263) | 623 | (1,249) |
| Dividends paid to shareowners | (4,790) | (8,986) | (12,408) |
| Capital contribution from GE to GECS | |||
| Purchases of subsidiary shares from noncontrolling interests | (2,633) | ||
| All other financing activities | (3,647) | (3,204) | (1,862) |
| Cash from (used for) financing activities - continuing operations | (61,470) | (43,644) | 19,195 |
| Cash from (used for) financing activities - discontinued operations | (116) | 131 | (59) |
| Cash from (used for) financing activities | (61,586) | (43,513) | 19,136 |
| Effect of exchange rate changes on cash and equivalents | (333) | 795 | (685) |
| Increase (decrease) in cash and equivalents | 6,640 | 24,077 | 32,336 |
| Cash and equivalents at beginning of year | 72,444 | 48,367 | |
| Cash and equivalents at end of year | 79,084 | 72,444 | 48,367 |
| Less cash and equivalents of discontinued operations at end of year | 126 | 1,956 | 255 |
| Cash and equivalents of continuing operations at end of year | 78,958 | 70,488 | 48,112 |
| Supplemental Cash Flows Information | |||
| Cash paid during the year for interest | (17,132) | (19,601) | (25,853) |
| Cash recovered (paid) during the year for income taxes | (2,671) | (2,535) | (3,237) |
| Statements by entity | |||
| Financial Services (GECS) | |||
| Net earnings | 2,171 | 1,430 | 7,286 |
| Less net earnings attributable to noncontrolling interests | 16 | 15 | 231 |
| Net earnings attributable to the Company | 2,155 | 1,415 | 7,055 |
| (Earnings) loss from discontinued operations | 975 | (100) | 657 |
| Depreciation and amortization of property, plant and equipment | 7,753 | 8,308 | 9,319 |
| Earnings from continuing operations retained by GECS | |||
| Deferred income taxes | 1,423 | (2,333) | (865) |
| Decrease (increase) in GE current receivables | |||
| Decrease (increase) in inventories | 5 | (6) | (14) |
| Increase (decrease) in accounts payable | (194) | (338) | (1,030) |
| Increase (decrease) in GE progress collections | |||
| Provision for losses on GECS financing receivables | 7,191 | 10,627 | 7,233 |
| All other operating activities (Note 25) | 1,862 | (10,164) | 8,650 |
| Cash from (used for) operating activities - continuing operations | 21,170 | 7,409 | 31,005 |
| Cash from (used for) operating activities - discontinued operations | 331 | 17 | 964 |
| Cash from (used for) operating activities | 21,501 | 7,426 | 31,969 |
| Additions to property, plant and equipment | (7,674) | (6,443) | (13,321) |
| Dispositions of property, plant and equipment | 7,208 | 6,478 | 10,954 |
| Net decrease (increase) in GECS financing receivables | 26,298 | 43,179 | (17,034) |
| Proceeds from sales of discontinued operations | 2,510 | 5,220 | |
| Proceeds from principal business dispositions | 1,171 | 9,088 | 4,928 |
| Payments for principal businesses purchased | (559) | (7,414) | (24,961) |
| Capital contribution from GE to GECS | |||
| All other investing activities | 7,401 | (1,236) | 6,452 |
| Cash from (used for) investing activities - continuing operations | 36,355 | 43,652 | (27,762) |
| Cash from (used for) investing activities - discontinued operations | (2,045) | 1,553 | (1,041) |
| Cash from (used for) investing activities | 34,310 | 45,205 | (28,803) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (652) | (27,256) | (45,572) |
| Net increase (decrease) in bank deposits | 4,603 | (3,784) | 20,623 |
| Newly issued debt (maturities longer than 90 days) | 37,970 | 81,065 | 116,172 |
| Repayments and other reductions (maturities longer than 90 days) | (97,600) | (83,341) | (67,057) |
| Proceeds from issuance of preferred stock and warrants | |||
| Proceeds from issuance of common stock | |||
| Net dispositions (purchases) of GE shares for treasury | |||
| Dividends paid to shareowners | (2,351) | ||
| Capital contribution from GE to GECS | 9,500 | 5,500 | |
| Purchases of subsidiary shares from noncontrolling interests | (633) | ||
| All other financing activities | (3,317) | (2,691) | (1,862) |
| Cash from (used for) financing activities - continuing operations | (59,629) | (26,507) | 25,453 |
| Cash from (used for) financing activities - discontinued operations | (116) | 131 | (59) |
| Cash from (used for) financing activities | (59,745) | (26,376) | 25,394 |
| Effect of exchange rate changes on cash and equivalents | (208) | 619 | (633) |
| Increase (decrease) in cash and equivalents | (4,142) | 26,874 | 27,927 |
| Cash and equivalents at beginning of year | 64,540 | 37,666 | |
| Cash and equivalents at end of year | 60,398 | 64,540 | 37,666 |
| Less cash and equivalents of discontinued operations at end of year | 126 | 1,956 | 255 |
| Cash and equivalents of continuing operations at end of year | 60,272 | 62,584 | 37,411 |
| Cash paid during the year for interest | (16,401) | (18,833) | (24,663) |
| Cash recovered (paid) during the year for income taxes | 104 | 543 | (610) |
| GE | |||
| Net earnings | 12,163 | 11,210 | 17,820 |
| Less net earnings attributable to noncontrolling interests | 519 | 185 | 410 |
| Net earnings attributable to the Company | 11,644 | 11,025 | 17,410 |
| (Earnings) loss from discontinued operations | 979 | (82) | 617 |
| Depreciation and amortization of property, plant and equipment | 2,260 | 2,311 | 2,162 |
| Earnings from continuing operations retained by GECS | (3,130) | (1,315) | (5,361) |
| Deferred income taxes | (377) | (460) | (417) |
| Decrease (increase) in GE current receivables | (963) | 3,056 | (168) |
| Decrease (increase) in inventories | 409 | 1,188 | (524) |
| Increase (decrease) in accounts payable | 1,052 | (918) | 233 |
| Increase (decrease) in GE progress collections | (1,158) | (257) | 2,896 |
| Provision for losses on GECS financing receivables | |||
| All other operating activities (Note 25) | 4,030 | 1,857 | 2,290 |
| Cash from (used for) operating activities - continuing operations | 14,746 | 16,405 | 19,138 |
| Cash from (used for) operating activities - discontinued operations | 2 | (5) | |
| Cash from (used for) operating activities | 14,746 | 16,407 | 19,133 |
| Additions to property, plant and equipment | (2,418) | (2,429) | (2,996) |
| Dispositions of property, plant and equipment | |||
| Net decrease (increase) in GECS financing receivables | |||
| Proceeds from sales of discontinued operations | 203 | ||
| Proceeds from principal business dispositions | 1,721 | 890 | 58 |
| Payments for principal businesses purchased | (653) | (428) | (3,149) |
| Capital contribution from GE to GECS | (9,500) | (5,500) [1] | |
| All other investing activities | (550) | (198) | 324 |
| Cash from (used for) investing activities - continuing operations | (1,900) | (11,665) | (11,060) |
| Cash from (used for) investing activities - discontinued operations | (2) | 5 | |
| Cash from (used for) investing activities | (1,900) | (11,667) | (11,055) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (671) | 317 | (2,152) |
| Net increase (decrease) in bank deposits | |||
| Newly issued debt (maturities longer than 90 days) | 9,474 | 1,883 | 136 |
| Repayments and other reductions (maturities longer than 90 days) | (2,554) | (1,675) | (1,936) |
| Proceeds from issuance of preferred stock and warrants | 2,965 | ||
| Proceeds from issuance of common stock | 12,006 | ||
| Net dispositions (purchases) of GE shares for treasury | (1,263) | 623 | (1,249) |
| Dividends paid to shareowners | (4,790) | (8,986) | (12,408) |
| Capital contribution from GE to GECS | |||
| Purchases of subsidiary shares from noncontrolling interests | (2,000) | ||
| All other financing activities | (330) | (514) | |
| Cash from (used for) financing activities - continuing operations | (2,134) | (8,352) | (2,638) |
| Cash from (used for) financing activities - discontinued operations | |||
| Cash from (used for) financing activities | (2,134) | (8,352) | (2,638) |
| Effect of exchange rate changes on cash and equivalents | (125) | 176 | (52) |
| Increase (decrease) in cash and equivalents | 10,587 | (3,436) | 5,388 |
| Cash and equivalents at beginning of year | 8,654 | 12,090 | |
| Cash and equivalents at end of year | 19,241 | 8,654 | 12,090 |
| Less cash and equivalents of discontinued operations at end of year | |||
| Cash and equivalents of continuing operations at end of year | 19,241 | 8,654 | 12,090 |
| Cash paid during the year for interest | (731) | (768) | (1,190) |
| Cash recovered (paid) during the year for income taxes | (2,775) | (3,078) | (2,627) |
| [1] Represents the adding together of all affiliated companies except General Electric Capital Services, Inc. (GECS or financial services), which is presented on a one-line basis. See Note 1. | |||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2010 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |