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: 2009 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 19, 2010) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
| Cash flows - operating activities | |||
| Net earnings | $ 11,241 | 18,051 | 23,124 |
| Less net earnings attributable to noncontrolling interests | 216 | 641 | 916 |
| Net earnings attributable to the Company | 11,025 | 17,410 | 22,208 |
| Loss from discontinued operations | 193 | 679 | 249 |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 10,636 | 11,492 | 10,275 |
| Earnings from continuing operations retained by GECS | 0 | 0 | 0 |
| Deferred income taxes | (2,705) | (1,284) | 657 |
| Decrease (increase) in GE current receivables | 3,273 | (24) | (868) |
| Decrease (increase) in inventories | 1,101 | (719) | (1,562) |
| Increase (decrease) in accounts payable | (480) | (1,078) | (997) |
| Increase (decrease) in GE progress collections | (500) | 2,827 | 4,622 |
| Provision for losses on financing receivables (Note 6) | 10,928 | 7,518 | 4,431 |
| All other operating activities (Note 25) | (8,747) | 11,020 | 927 |
| Cash from (used for) operating activities - continuing operations | 24,724 | 47,841 | 39,942 |
| Cash from (used for) operating activities - discontinued operations | (131) | 760 | 3,380 |
| Cash from (used for) operating activities | 24,593 | 48,601 | 43,322 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (8,634) | (16,010) | (17,803) |
| Dispositions of property, plant and equipment | 6,479 | 10,975 | 8,457 |
| Net decrease (increase) in GECS financing receivables | 43,690 | (17,484) | (44,237) |
| Proceeds from sales of discontinued operations | 0 | 5,423 | 11,574 |
| Proceeds from principal business dispositions | 9,978 | 4,986 | 2,746 |
| Payments for principal businesses purchased | (6,130) | (28,110) | (17,215) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| All other investing activities | (2,520) | 5,695 | (9,910) |
| Cash from (used for) investing activities - continuing operations | 42,863 | (34,525) | (66,388) |
| Cash from (used for) investing activities - discontinued operations | 134 | (876) | (3,116) |
| Cash from (used for) investing activities | 42,997 | (35,401) | (69,504) |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (25,741) | (48,454) | 308 |
| Net increase (decrease) in bank deposits | (3,986) | 20,623 | 2,144 |
| Newly issued debt (maturities longer than 90 days) | 82,959 | 116,569 | 100,528 |
| Repayments and other reductions (maturities longer than 90 days) | (85,178) | (69,050) | (49,874) |
| Proceeds from issuance of preferred stock and warrants | 0 | 2,965 | 0 |
| Proceeds from issuance of common stock | 0 | 12,006 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 623 | (1,249) | (12,319) |
| Dividends paid to shareowners | (8,986) | (12,408) | (11,492) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| All other financing activities | (3,204) | (1,862) | (1,204) |
| Cash from (used for) financing activities - continuing operations | (43,513) | 19,140 | 28,091 |
| Cash from (used for) financing activities - discontinued operations | 0 | (4) | (154) |
| Cash from (used for) financing activities | (43,513) | 19,136 | 27,937 |
| Increase (decrease) in cash and equivalents | 24,077 | 32,336 | 1,755 |
| Cash and equivalents at beginning of year | 48,367 | 16,031 | 14,276 |
| Cash and equivalents at end of year | 72,444 | 48,367 | 16,031 |
| Less cash and equivalents of discontinued operations at end of year | 184 | 180 | 300 |
| Cash and equivalents of continuing operations at end of year | 72,260 | 48,187 | 15,731 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (19,601) | (25,853) | (23,340) |
| Cash recovered (paid) during the year for income taxes | (2,535) | (3,237) | (2,912) |
| Statements by entity | |||
| GE | |||
| Net earnings | 11,210 | 17,820 | 22,915 |
| Less net earnings attributable to noncontrolling interests | 185 | 410 | 707 |
| Net earnings attributable to the Company | 11,025 | 17,410 | 22,208 |
| Loss from discontinued operations | 193 | 679 | 249 |
| Depreciation and amortization of property, plant and equipment | 2,311 | 2,162 | 2,149 |
| Earnings from continuing operations retained by GECS | (1,590) | (5,423) | (5,126) |
| Deferred income taxes | (460) | (417) | 564 |
| Decrease (increase) in GE current receivables | 3,056 | (168) | 14 |
| Decrease (increase) in inventories | 1,188 | (524) | (1,496) |
| Increase (decrease) in accounts payable | (918) | 233 | (1,073) |
| Increase (decrease) in GE progress collections | (257) | 2,896 | 4,620 |
| Provision for losses on financing receivables (Note 6) | 0 | 0 | 0 |
| All other operating activities (Note 25) | 2,033 | 2,238 | 1,192 |
| Cash from (used for) operating activities - continuing operations | 16,581 | 19,086 | 23,301 |
| Cash from (used for) operating activities - discontinued operations | 2 | (5) | (857) |
| Cash from (used for) operating activities | 16,583 | 19,081 | 22,444 |
| Additions to property, plant and equipment | (2,429) | (2,996) | (2,968) |
| Dispositions of property, plant and equipment | 0 | 0 | 0 |
| Net decrease (increase) in GECS financing receivables | 0 | 0 | 0 |
| Proceeds from sales of discontinued operations | 0 | 203 | 10,826 |
| Proceeds from principal business dispositions | 890 | 58 | 1,047 |
| Payments for principal businesses purchased | (428) | (3,149) | (9,645) |
| Capital contribution from GE to GECS | (9,500) | (5,500) | 0 |
| All other investing activities | (198) | 324 | (1,697) |
| Cash from (used for) investing activities - continuing operations | (11,665) | (11,060) | (2,437) |
| Cash from (used for) investing activities - discontinued operations | (2) | 5 | 1,003 |
| Cash from (used for) investing activities | (11,667) | (11,055) | (1,434) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 317 | (2,152) | (3,284) |
| Net increase (decrease) in bank deposits | 0 | 0 | 0 |
| Newly issued debt (maturities longer than 90 days) | 1,883 | 136 | 8,751 |
| Repayments and other reductions (maturities longer than 90 days) | (1,675) | (1,936) | (298) |
| Proceeds from issuance of preferred stock and warrants | 0 | 2,965 | 0 |
| Proceeds from issuance of common stock | 0 | 12,006 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 623 | (1,249) | (12,319) |
| Dividends paid to shareowners | (8,986) | (12,408) | (11,492) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| All other financing activities | (514) | 0 | 0 |
| Cash from (used for) financing activities - continuing operations | (8,352) | (2,638) | (18,642) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | (146) |
| Cash from (used for) financing activities | (8,352) | (2,638) | (18,788) |
| Increase (decrease) in cash and equivalents | (3,436) | 5,388 | 2,222 |
| Cash and equivalents at beginning of year | 12,090 | 6,702 | 4,480 |
| Cash and equivalents at end of year | 8,654 | 12,090 | 6,702 |
| Less cash and equivalents of discontinued operations at end of year | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 8,654 | 12,090 | 6,702 |
| Cash paid during the year for interest | (768) | (1,190) | (1,466) |
| Cash recovered (paid) during the year for income taxes | (3,078) | (2,627) | (4,036) |
| Financial Services (GECS) | |||
| Net earnings | 1,446 | 7,286 | 10,510 |
| Less net earnings attributable to noncontrolling interests | 31 | 231 | 209 |
| Net earnings attributable to the Company | 1,415 | 7,055 | 10,301 |
| Loss from discontinued operations | 175 | 719 | 2,116 |
| Depreciation and amortization of property, plant and equipment | 8,325 | 9,330 | 8,126 |
| Earnings from continuing operations retained by GECS | 0 | 0 | 0 |
| Deferred income taxes | (2,245) | (867) | 93 |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | (6) | (14) | 2 |
| Increase (decrease) in accounts payable | (379) | (1,045) | 485 |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| Provision for losses on financing receivables (Note 6) | 10,928 | 7,518 | 4,431 |
| All other operating activities (Note 25) | (10,654) | 8,508 | (539) |
| Cash from (used for) operating activities - continuing operations | 7,559 | 31,204 | 25,015 |
| Cash from (used for) operating activities - discontinued operations | (133) | 765 | 4,039 |
| Cash from (used for) operating activities | 7,426 | 31,969 | 29,054 |
| Additions to property, plant and equipment | (6,443) | (13,321) | (15,217) |
| Dispositions of property, plant and equipment | 6,479 | 10,975 | 8,457 |
| Net decrease (increase) in GECS financing receivables | 43,952 | (17,375) | (44,164) |
| Proceeds from sales of discontinued operations | 0 | 5,220 | 117 |
| Proceeds from principal business dispositions | 9,088 | 4,928 | 1,699 |
| Payments for principal businesses purchased | (5,702) | (24,961) | (7,570) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| All other investing activities | (1,686) | 5,979 | (8,730) |
| Cash from (used for) investing activities - continuing operations | 45,688 | (28,555) | (65,408) |
| Cash from (used for) investing activities - discontinued operations | 136 | (881) | (3,921) |
| Cash from (used for) investing activities | 45,824 | (29,436) | (69,329) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (26,882) | (45,515) | 1,642 |
| Net increase (decrease) in bank deposits | (3,986) | 20,623 | 2,144 |
| Newly issued debt (maturities longer than 90 days) | 81,186 | 116,117 | 91,678 |
| Repayments and other reductions (maturities longer than 90 days) | (83,503) | (67,114) | (49,576) |
| Proceeds from issuance of preferred stock and warrants | 0 | 0 | 0 |
| Proceeds from issuance of common stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | 0 | (2,351) | (7,291) |
| Capital contribution from GE to GECS | 9,500 | 5,500 | 0 |
| All other financing activities | (2,691) | (1,862) | (1,204) |
| Cash from (used for) financing activities - continuing operations | (26,376) | 25,398 | 37,393 |
| Cash from (used for) financing activities - discontinued operations | 0 | (4) | (8) |
| Cash from (used for) financing activities | (26,376) | 25,394 | 37,385 |
| Increase (decrease) in cash and equivalents | 26,874 | 27,927 | (2,890) |
| Cash and equivalents at beginning of year | 37,666 | 9,739 | 12,629 |
| Cash and equivalents at end of year | 64,540 | 37,666 | 9,739 |
| Less cash and equivalents of discontinued operations at end of year | 184 | 180 | 300 |
| Cash and equivalents of continuing operations at end of year | 64,356 | 37,486 | 9,439 |
| Cash paid during the year for interest | (18,833) | (24,663) | (21,874) |
| Cash recovered (paid) during the year for income taxes | 543 | (610) | 1,124 |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2009 | |
| 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 |