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: 2011 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 24, 2012) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flows - operating activities | |||
| Net earnings | $ 14,443 | 12,179 | 11,225 |
| Less net earnings (loss) attributable to noncontrollng interests | 292 | 535 | 200 |
| Net earnings (loss) attributable to the Company | 14,151 | 11,644 | 11,025 |
| (Earnings) loss from discontinued operations, net of taxes | (77) | 873 | (219) |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 9,185 | 9,786 | 10,617 |
| Earnings from continuing operations retained by GECS | 0 | 0 | 0 |
| Deferred income taxes | (203) | 930 | (2,778) |
| Decrease (increase) in GE current receivables | (466) | (126) | 3,273 |
| Decrease (increase) in inventories | (1,168) | 342 | 1,101 |
| Increase (decrease) in accounts payable | 1,235 | 883 | (464) |
| Increase (decrease) in GE progress collections | (1,394) | (1,177) | (500) |
| Provision for losses on GECS financing receivables | 4,083 | 7,176 | 10,585 |
| All other operating activities | 7,255 | 5,925 | (9,828) |
| Cash from (used for) operating activities - continuing operations | 32,601 | 36,256 | 22,812 |
| Cash from (used for) operating activities - discontinued operations | 758 | (132) | 1,605 |
| Cash from (used for) operating activities | 33,359 | 36,124 | 24,417 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (12,650) | (9,800) | (8,636) |
| Dispositions of property, plant and equipment | 5,896 | 7,208 | 6,479 |
| Net decrease (increase) in GECS financing receivables | 14,652 | 21,773 | 36,665 |
| Proceeds from sales of discontinued operations | 8,950 | 2,510 | 0 |
| Proceeds from principal business dispositions | 8,877 | 3,062 | 9,978 |
| Payments for principal businesses purchased | (11,202) | (1,212) | (7,842) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| All other investing activities | 6,094 | 10,249 | 3,758 |
| Cash from (used for) investing activities - continuing operations | 20,617 | 33,790 | 40,402 |
| Cash from (used for) investing activities - discontinued operations | (735) | (1,354) | 1,976 |
| Cash from (used for) investing activities | 19,882 | 32,436 | 42,378 |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 5,951 | (1,228) | (26,114) |
| Net increase (decrease) in bank deposits | 6,748 | 4,603 | (3,784) |
| Newly issued debt (maturities longer than 90 days) | 43,847 | 47,643 | 82,846 |
| Repayments and other reductions (maturities longer than 90 days) | (85,706) | (99,933) | (83,290) |
| Repayment of preferred stock | (3,300) | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | (1,456) | (1,263) | 623 |
| Dividends paid to shareowners | (6,458) | (4,790) | (8,986) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| Purchase of subsidiary shares from noncontrolling interest | (4,578) | (2,633) | 0 |
| All other financing activities | (1,867) | (3,648) | (3,204) |
| Cash from (used for) financing activities - continuing operations | (46,819) | (61,249) | (41,909) |
| Cash from (used for) financing activities - discontinued operations | (44) | (337) | (1,604) |
| Cash from (used for) financing activities | (46,863) | (61,586) | (43,513) |
| Effect of currency exchange rate changes on cash and equivalents | (841) | (333) | 795 |
| Increase (decrease) in cash and equivalents | 5,537 | 6,641 | 24,077 |
| Cash and equivalents at beginning of year | 79,085 | 72,444 | 48,367 |
| Cash and equivalents at end of year | 84,622 | 79,085 | 72,444 |
| Less cash and equivalents of discontinued operations at end of year | 121 | 142 | 1,965 |
| Cash and equivalents of continuing operations at end of year | 84,501 | 78,943 | 70,479 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (15,571) | (17,132) | (19,601) |
| Cash recovered (paid) during the year for income taxes | (2,919) | (2,671) | (2,535) |
| Legal Entity | |||
| Subsidiaries | |||
| Net earnings | 14,316 | 12,163 | 11,210 |
| Less net earnings (loss) attributable to noncontrollng interests | 165 | 519 | 185 |
| Net earnings (loss) attributable to the Company | 14,151 | 11,644 | 11,025 |
| (Earnings) loss from discontinued operations, net of taxes | (77) | 873 | (219) |
| Depreciation and amortization of property, plant and equipment | 2,068 | 2,034 | 2,311 |
| Earnings from continuing operations retained by GECS | (6,432) | (3,023) | (1,177) |
| Deferred income taxes | (327) | (377) | (460) |
| Decrease (increase) in GE current receivables | (390) | (963) | 3,056 |
| Decrease (increase) in inventories | (1,122) | 409 | 1,188 |
| Increase (decrease) in accounts payable | 1,938 | 1,052 | (918) |
| Increase (decrease) in GE progress collections | (1,146) | (1,158) | (257) |
| Provision for losses on GECS financing receivables | 0 | 0 | 0 |
| All other operating activities | 3,394 | 4,255 | 1,856 |
| Cash from (used for) operating activities - continuing operations | 12,057 | 14,746 | 16,405 |
| Cash from (used for) operating activities - discontinued operations | 0 | 0 | 2 |
| Cash from (used for) operating activities | 12,057 | 14,746 | 16,407 |
| Additions to property, plant and equipment | (2,957) | (2,418) | (2,429) |
| 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 | 0 | 0 |
| Proceeds from principal business dispositions | 6,254 | 1,721 | 890 |
| Payments for principal businesses purchased | (11,152) | (653) | (428) |
| Capital contribution from GE to GECS | 0 | 0 | (9,500) |
| All other investing activities | (384) | (550) | (198) |
| Cash from (used for) investing activities - continuing operations | (8,239) | (1,900) | (11,665) |
| Cash from (used for) investing activities - discontinued operations | 0 | 0 | (2) |
| Cash from (used for) investing activities | (8,239) | (1,900) | (11,667) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 1,058 | (671) | 317 |
| Net increase (decrease) in bank deposits | 0 | 0 | 0 |
| Newly issued debt (maturities longer than 90 days) | 177 | 9,474 | 1,883 |
| Repayments and other reductions (maturities longer than 90 days) | (270) | (2,554) | (1,675) |
| Repayment of preferred stock | (3,300) | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | (1,456) | (1,263) | 623 |
| Dividends paid to shareowners | (6,458) | (4,790) | (8,986) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| Purchase of subsidiary shares from noncontrolling interest | (4,303) | (2,000) | 0 |
| All other financing activities | (75) | (330) | (514) |
| Cash from (used for) financing activities - continuing operations | (14,627) | (2,134) | (8,352) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | (14,627) | (2,134) | (8,352) |
| Effect of currency exchange rate changes on cash and equivalents | (50) | (125) | 176 |
| Increase (decrease) in cash and equivalents | (10,859) | 10,587 | (3,436) |
| Cash and equivalents at beginning of year | 8,382 | 8,654 | 12,090 |
| Cash and equivalents at end of year | 8,382 | 8,654 | 12,090 |
| Less cash and equivalents of discontinued operations at end of year | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 8,382 | 19,241 | 8,654 |
| Cash paid during the year for interest | (553) | (731) | (768) |
| Cash recovered (paid) during the year for income taxes | (2,303) | (2,775) | (3,078) |
| Subsidiaries GECS | |||
| Net earnings | 6,637 | 2,171 | 1,430 |
| Less net earnings (loss) attributable to noncontrollng interests | 127 | 16 | 15 |
| Net earnings (loss) attributable to the Company | 6,510 | 2,155 | 1,415 |
| (Earnings) loss from discontinued operations, net of taxes | (78) | 868 | (238) |
| Depreciation and amortization of property, plant and equipment | 7,117 | 7,752 | 8,306 |
| Earnings from continuing operations retained by GECS | 0 | 0 | 0 |
| Deferred income taxes | 124 | 1,307 | (2,318) |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | 15 | 5 | (6) |
| Increase (decrease) in accounts payable | 50 | (116) | (363) |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| Provision for losses on GECS financing receivables | 4,083 | 7,176 | 10,585 |
| All other operating activities | 3,281 | 2,487 | (11,558) |
| Cash from (used for) operating activities - continuing operations | 21,102 | 21,634 | 5,823 |
| Cash from (used for) operating activities - discontinued operations | 758 | (132) | 1,603 |
| Cash from (used for) operating activities | 21,860 | 21,502 | 7,426 |
| Additions to property, plant and equipment | (9,882) | (7,674) | (6,445) |
| Dispositions of property, plant and equipment | 5,896 | 7,208 | 6,479 |
| Net decrease (increase) in GECS financing receivables | 14,392 | 23,061 | 36,927 |
| Proceeds from sales of discontinued operations | 8,950 | 2,510 | 0 |
| Proceeds from principal business dispositions | 2,623 | 1,171 | 9,088 |
| Payments for principal businesses purchased | (50) | (559) | (7,414) |
| Capital contribution from GE to GECS | 0 | 0 | 0 |
| All other investing activities | 7,300 | 9,947 | 4,592 |
| Cash from (used for) investing activities - continuing operations | 29,229 | 35,664 | 43,227 |
| Cash from (used for) investing activities - discontinued operations | (735) | (1,354) | 1,978 |
| Cash from (used for) investing activities | 28,494 | 34,310 | 45,205 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 4,393 | (652) | (27,255) |
| Net increase (decrease) in bank deposits | 6,748 | 4,603 | (3,784) |
| Newly issued debt (maturities longer than 90 days) | 43,267 | 37,971 | 81,073 |
| Repayments and other reductions (maturities longer than 90 days) | (85,436) | (97,379) | (81,615) |
| Repayment of preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | 0 | 0 | 0 |
| Capital contribution from GE to GECS | 0 | 0 | 9,500 |
| Purchase of subsidiary shares from noncontrolling interest | (275) | (633) | 0 |
| All other financing activities | (1,792) | (3,318) | (2,691) |
| Cash from (used for) financing activities - continuing operations | (33,095) | (59,408) | (24,772) |
| Cash from (used for) financing activities - discontinued operations | (44) | (337) | (1,604) |
| Cash from (used for) financing activities | (33,139) | (59,745) | (26,376) |
| Effect of currency exchange rate changes on cash and equivalents | (791) | (208) | 619 |
| Increase (decrease) in cash and equivalents | 16,424 | (4,141) | 26,874 |
| Cash and equivalents at beginning of year | 76,823 | 64,540 | 37,666 |
| Cash and equivalents at end of year | 76,823 | 64,540 | 37,666 |
| Less cash and equivalents of discontinued operations at end of year | 121 | 142 | 1,965 |
| Cash and equivalents of continuing operations at end of year | 76,702 | 60,257 | 62,575 |
| Cash paid during the year for interest | (15,018) | (16,401) | (18,833) |
| Cash recovered (paid) during the year for income taxes | (616) | 104 | 543 |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2011 | |
| 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 |