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: 2012 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 26, 2013) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows - operating activities | |||
| Net earnings | $ 13,864 | 14,443 | 12,179 |
| Less: net earnings (loss) attributable to noncontrollng interests | 223 | 292 | 535 |
| Net earnings (loss) attributable to the Company | 13,641 | 14,151 | 11,644 |
| (Earnings) loss from discontinued operations | 1,038 | 76 | 969 |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 9,346 | 9,185 | 9,786 |
| Earnings from continuing operations retained by GECC | 0 | 0 | 0 |
| Deferred income taxes | (1,171) | (203) | 930 |
| Decrease (increase) in GE current receivables | (774) | (714) | (60) |
| Decrease (increase) in inventories | (1,274) | (1,168) | 342 |
| Increase (decrease) in accounts payable | (424) | 1,235 | 883 |
| Increase (decrease) in GE progress collections | (920) | (1,146) | (1,243) |
| Provision for losses on GECC financing receivables | 3,891 | 3,951 | 7,085 |
| All other operating activities | 7,899 | 7,255 | 5,921 |
| Cash from (used for) operating activities - continuing operations | 31,252 | 32,622 | 36,257 |
| Cash from (used for) operating activities - discontinued operations | 79 | 737 | (133) |
| Cash from (used for) operating activities | 31,331 | 33,359 | 36,124 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (15,126) | (12,650) | (9,800) |
| Dispositions of property, plant and equipment | 6,200 | 5,896 | 7,208 |
| Net decrease (increase) in GECC financing receivables | 6,872 | 14,630 | 21,758 |
| Proceeds from sales of discontinued operations | 227 | 8,950 | 2,510 |
| Proceeds from principal business dispositions | 3,618 | 8,877 | 3,062 |
| Payments for principal businesses purchased | (1,456) | (11,202) | (1,212) |
| All other investing activities | 11,064 | 6,095 | 10,262 |
| Cash from (used for) investing activities - continuing operations | 11,399 | 20,596 | 33,788 |
| Cash from (used for) investing activities - discontinued operations | (97) | (714) | (1,352) |
| Cash from (used for) investing activities | 11,302 | 19,882 | 32,436 |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (2,231) | 5,951 | (1,228) |
| Net increase (decrease) in bank deposits | 2,432 | 6,748 | 4,603 |
| Newly issued debt (maturities longer than 90 days) | 63,019 | 43,847 | 47,643 |
| Repayments and other reductions (maturities longer than 90 days) | (103,942) | (85,706) | (99,933) |
| Proceeds from issuance of GECC preferred stock | 3,960 | 0 | 0 |
| Repayment of preferred stock | 0 | (3,300) | 0 |
| Net dispositions (purchases) of GE shares for treasury | (4,164) | (1,456) | (1,263) |
| Dividends paid to shareowners | (7,189) | (6,458) | (4,790) |
| Purchase of subsidiary shares from noncontrolling interest | 0 | (4,578) | (2,633) |
| All other financing activities | (2,959) | (1,867) | (3,648) |
| Cash from (used for) financing activities - continuing operations | (51,074) | (46,819) | (61,249) |
| Cash from (used for) financing activities - discontinued operations | 0 | (44) | (337) |
| Cash from (used for) financing activities | (51,074) | (46,863) | (61,586) |
| Effect of currency exchange rate changes on cash and equivalents | 1,278 | (841) | (333) |
| Increase (decrease) in cash and equivalents | (7,163) | 5,537 | 6,641 |
| Cash and equivalents at beginning of year | 84,622 | 79,085 | 72,444 |
| Cash and equivalents at end of year | 77,459 | 84,622 | 79,085 |
| Less cash and equivalents of discontinued operations at end of year | 103 | 121 | 142 |
| Cash and equivalents of continuing operations at end of year | 77,356 | 84,501 | 78,943 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (12,717) | (15,571) | (17,132) |
| Cash recovered (paid) during the year for income taxes | (3,237) | (2,919) | (2,671) |
| Legal Entity | |||
| Subsidiaries | |||
| Net earnings | 13,801 | 14,316 | 12,163 |
| Less: net earnings (loss) attributable to noncontrollng interests | 160 | 165 | 519 |
| Net earnings (loss) attributable to the Company | 13,641 | 14,151 | 11,644 |
| (Earnings) loss from discontinued operations | 1,038 | 76 | 969 |
| Depreciation and amortization of property, plant and equipment | 2,291 | 2,068 | 2,034 |
| Earnings from continuing operations retained by GECC | (975) [1] | (6,584) | (3,120) |
| Deferred income taxes | (294) | (327) | (377) |
| Decrease (increase) in GE current receivables | 1,210 | (390) | (963) |
| Decrease (increase) in inventories | (1,204) | (1,122) | 409 |
| Increase (decrease) in accounts payable | 158 | 1,938 | 1,052 |
| Increase (decrease) in GE progress collections | (920) | (1,146) | (1,158) |
| Provision for losses on GECC financing receivables | 0 | 0 | 0 |
| All other operating activities | 2,881 | 3,393 | 4,256 |
| Cash from (used for) operating activities - continuing operations | 17,826 | 12,057 | 14,746 |
| Cash from (used for) operating activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) operating activities | 17,826 | 12,057 | 14,746 |
| Additions to property, plant and equipment | (3,937) | (2,957) | (2,418) |
| Dispositions of property, plant and equipment | 0 | 0 | 0 |
| Net decrease (increase) in GECC financing receivables | 0 | 0 | 0 |
| Proceeds from sales of discontinued operations | 0 | 0 | 0 |
| Proceeds from principal business dispositions | 540 | 6,254 | 1,721 |
| Payments for principal businesses purchased | (1,456) | (11,152) | (653) |
| All other investing activities | (564) | (384) | (550) |
| Cash from (used for) investing activities - continuing operations | (5,417) | (8,239) | (1,900) |
| Cash from (used for) investing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) investing activities | (5,417) | (8,239) | (1,900) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (890) | 1,058 | (671) |
| Net increase (decrease) in bank deposits | 0 | 0 | 0 |
| Newly issued debt (maturities longer than 90 days) | 6,961 | 177 | 9,474 |
| Repayments and other reductions (maturities longer than 90 days) | (34) | (270) | (2,554) |
| Proceeds from issuance of GECC preferred stock | 0 | 0 | 0 |
| Repayment of preferred stock | 0 | (3,300) | 0 |
| Net dispositions (purchases) of GE shares for treasury | (4,164) | (1,456) | (1,263) |
| Dividends paid to shareowners | (7,189) | (6,458) | (4,790) |
| Purchase of subsidiary shares from noncontrolling interest | 0 | (4,303) | (2,000) |
| All other financing activities | 32 | (75) | (330) |
| Cash from (used for) financing activities - continuing operations | (5,284) | (14,627) | (2,134) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | (5,284) | (14,627) | (2,134) |
| Effect of currency exchange rate changes on cash and equivalents | 2 | (50) | (125) |
| Increase (decrease) in cash and equivalents | 7,127 | (10,859) | 10,587 |
| Cash and equivalents at beginning of year | 15,509 | 19,241 | 8,654 |
| Cash and equivalents at end of year | 15,509 | 19,241 | 8,654 |
| Less cash and equivalents of discontinued operations at end of year | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 15,509 | 8,382 | 19,241 |
| Cash paid during the year for interest | (545) | (553) | (731) |
| Cash recovered (paid) during the year for income taxes | (2,987) | (2,303) | (2,775) |
| Subsidiaries GECC | |||
| Net earnings | 6,278 | 6,637 | 2,171 |
| Less: net earnings (loss) attributable to noncontrollng interests | 63 | 127 | 16 |
| Net earnings (loss) attributable to the Company | 6,215 | 6,510 | 2,155 |
| (Earnings) loss from discontinued operations | 1,186 | 74 | 965 |
| Depreciation and amortization of property, plant and equipment | 7,055 | 7,117 | 7,752 |
| Earnings from continuing operations retained by GECC | 0 | 0 [2] | 0 |
| Deferred income taxes | (877) | 124 | 1,307 |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | (27) | 15 | 5 |
| Increase (decrease) in accounts payable | (867) | 50 | (116) |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| Provision for losses on GECC financing receivables | 3,891 | 3,951 | 7,085 |
| All other operating activities | 5,392 | 3,282 | 2,482 |
| Cash from (used for) operating activities - continuing operations | 21,968 | 21,123 | 21,635 |
| Cash from (used for) operating activities - discontinued operations | 79 | 737 | (133) |
| Cash from (used for) operating activities | 22,047 | 21,860 | 21,502 |
| Additions to property, plant and equipment | (11,886) | (9,882) | (7,674) |
| Dispositions of property, plant and equipment | 6,200 | 5,896 | 7,208 |
| Net decrease (increase) in GECC financing receivables | 5,383 | 14,370 | 23,046 |
| Proceeds from sales of discontinued operations | 227 | 8,950 | 2,510 |
| Proceeds from principal business dispositions | 2,863 | 2,623 | 1,171 |
| Payments for principal businesses purchased | 0 | (50) | (559) |
| All other investing activities | 11,701 | 7,301 | 9,960 |
| Cash from (used for) investing activities - continuing operations | 14,488 | 29,208 | 35,662 |
| Cash from (used for) investing activities - discontinued operations | (97) | (714) | (1,352) |
| Cash from (used for) investing activities | 14,391 | 28,494 | 34,310 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (1,401) | 4,393 | (652) |
| Net increase (decrease) in bank deposits | 2,432 | 6,748 | 4,603 |
| Newly issued debt (maturities longer than 90 days) | 55,841 | 43,267 | 37,971 |
| Repayments and other reductions (maturities longer than 90 days) | (103,908) | (85,436) | (97,379) |
| Proceeds from issuance of GECC preferred stock | 3,960 | 0 | 0 |
| Repayment of preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | (6,549) | 0 | 0 |
| Purchase of subsidiary shares from noncontrolling interest | 0 | (275) | (633) |
| All other financing activities | (2,868) | (1,792) | (3,318) |
| Cash from (used for) financing activities - continuing operations | (52,493) | (33,095) | (59,408) |
| Cash from (used for) financing activities - discontinued operations | 0 | (44) | (337) |
| Cash from (used for) financing activities | (52,493) | (33,139) | (59,745) |
| Effect of currency exchange rate changes on cash and equivalents | 1,276 | (791) | (208) |
| Increase (decrease) in cash and equivalents | (14,779) | 16,424 | (4,141) |
| Cash and equivalents at beginning of year | 62,044 | 60,399 | 64,540 |
| Cash and equivalents at end of year | 62,044 | 60,399 | 64,540 |
| Less cash and equivalents of discontinued operations at end of year | 103 | 121 | 142 |
| Cash and equivalents of continuing operations at end of year | 61,941 | 76,702 | 60,257 |
| Cash paid during the year for interest | (12,172) | (15,018) | (16,401) |
| Cash recovered (paid) during the year for income taxes | (250) | (616) | 104 |
| [1] (a) Represents the adding together of all affiliated companies except General Electric Capital Corporation (GECC or financial services), which is presented on a one-line basis See Note 1 | |||
| [2] Represents GECC earnings from continuing operations attributable to the Company, net of GECC dividends paid to GE. | |||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2012 | |
| 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 |