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: 2013 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 27, 2014) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows - operating activities | |||
| Net earnings | $ 13,355 | 13,864 | 14,443 |
| Less: net earnings (loss) attributable to noncontrolling interests | 298 | 223 | 292 |
| Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
| (Earnings) loss from discontinued operations, net of taxes | 2,120 | 983 | (29) |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 9,762 | 9,192 | 8,986 |
| Earnings from continuing operations retained by GECC(b) | 0 | 0 | 0 |
| Deferred income taxes | (3,295) | (1,152) | (204) |
| Decrease (increase) in GE current receivables | (485) | (879) | (670) |
| Decrease (increase) in inventories | (1,368) | (1,274) | (1,168) |
| Increase (decrease) in accounts payable | 360 | (437) | 1,204 |
| Increase (decrease) in GE progress collections | 1,893 | (920) | (1,146) |
| Provision for losses on GECC financing receivables | 4,818 | 3,832 | 3,930 |
| All other operating activities | 2,175 | 8,029 | 7,057 |
| Cash from (used for) operating activities - continuing operations | 29,037 | 31,015 | 32,111 |
| Cash from (used for) operating activities - discontinued operations | (458) | 316 | 1,248 |
| Cash from (used for) operating activities | 28,579 | 31,331 | 33,359 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (13,458) | (15,119) | (12,637) |
| Dispositions of property, plant and equipment | 5,883 | 6,184 | 5,867 |
| Net decrease (increase) in GECC financing receivables | 2,715 | 6,979 | 14,785 |
| Proceeds from sales of discontinued operations | 528 | 227 | 8,950 |
| Proceeds from principal business dispositions | 3,324 | 3,618 | 8,877 |
| Proceeds from sales of associated companies | 16,699 | 0 | 0 |
| Net cash from (payments for) principal businesses purchased | (1,642) | (1,456) | (11,202) |
| All other investing activities | 14,625 | 11,157 | 6,527 |
| Cash from (used for) investing activities - continuing operations | 28,674 | 11,590 | 21,167 |
| Cash from (used for) investing activities - discontinued operations | 443 | (288) | (1,285) |
| Cash from (used for) investing activities | 29,117 | 11,302 | 19,882 |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (14,230) | (2,231) | 5,951 |
| Net increase (decrease) in bank deposits | 2,197 | 2,450 | 6,652 |
| Newly issued debt (maturities longer than 90 days) | 45,392 | 63,019 | 43,847 |
| Repayments and other reductions (maturities longer than 90 days) | (61,461) | (103,942) | (85,706) |
| Proceeds from issuance of preferred stock | 990 | 3,960 | 0 |
| Repayment of preferred stock | 0 | 0 | (3,300) |
| Net dispositions (purchases) of GE shares for treasury | (9,278) | (4,164) | (1,456) |
| Dividends paid to shareowners | (7,821) | (7,189) | (6,458) |
| Purchase of subsidiary shares from noncontrolling interest | 0 | 0 | (4,578) |
| All other financing activities | (1,418) | (2,958) | (1,867) |
| Cash from (used for) financing activities - continuing operations | (45,629) | (51,055) | (46,915) |
| Cash from (used for) financing activities - discontinued operations | 56 | (19) | 52 |
| Cash from (used for) financing activities | (45,573) | (51,074) | (46,863) |
| Effect of currency exchange rate changes on cash and equivalents | (795) | 1,278 | (841) |
| Increase (decrease) in cash and equivalents | 11,328 | (7,163) | 5,537 |
| Cash and equivalents at beginning of year | 77,459 | 84,622 | |
| Cash and equivalents at end of year | 88,787 | 77,459 | 84,622 |
| Less cash and equivalents of discontinued operations at end of year | 232 | 191 | 182 |
| Cash and equivalents of continuing operations at end of year | 88,555 | 77,268 | 84,440 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (8,690) | (12,717) | (15,571) |
| Cash recovered (paid) during the year for income taxes | (2,487) | (3,237) | (2,919) |
| Legal Entity | |||
| Subsidiaries | |||
| Net earnings | 13,302 | 13,801 | 14,316 |
| Less: net earnings (loss) attributable to noncontrolling interests | 245 | 160 | 165 |
| Net earnings (loss) attributable to the Company | 13,057 | 13,641 | 14,151 |
| (Earnings) loss from discontinued operations, net of taxes | 2,120 | 983 | (29) |
| Depreciation and amortization of property, plant and equipment | 2,449 | 2,291 | 2,068 |
| Earnings from continuing operations retained by GECC(b) | (2,273) [1] | (919) | (6,480) |
| Deferred income taxes | (2,571) | (294) | (327) |
| Decrease (increase) in GE current receivables | (1,432) | 1,105 | (346) |
| Decrease (increase) in inventories | (1,351) | (1,204) | (1,122) |
| Increase (decrease) in accounts payable | 809 | 158 | 1,938 |
| Increase (decrease) in GE progress collections | 1,919 | (920) | (1,146) |
| Provision for losses on GECC financing receivables | 0 | 0 | 0 |
| All other operating activities | 1,528 | 2,985 | 3,350 |
| Cash from (used for) operating activities - continuing operations | 14,255 | 17,826 | 12,057 |
| Cash from (used for) operating activities - discontinued operations | (2) | 0 | 0 |
| Cash from (used for) operating activities | 14,253 | 17,826 | 12,057 |
| Additions to property, plant and equipment | (3,680) | (3,937) | (2,957) |
| 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 | 1,316 | 540 | 6,254 |
| Proceeds from sales of associated companies | 16,699 | 0 | 0 |
| Net cash from (payments for) principal businesses purchased | (8,026) | (1,456) | (11,152) |
| All other investing activities | (1,488) | (564) | (384) |
| Cash from (used for) investing activities - continuing operations | 4,821 | (5,417) | (8,239) |
| Cash from (used for) investing activities - discontinued operations | 2 | 0 | 0 |
| Cash from (used for) investing activities | 4,823 | (5,417) | (8,239) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 949 | (890) | 1,058 |
| Net increase (decrease) in bank deposits | 0 | 0 | 0 |
| Newly issued debt (maturities longer than 90 days) | 512 | 6,961 | 177 |
| Repayments and other reductions (maturities longer than 90 days) | (5,032) | (34) | (270) |
| Proceeds from issuance of preferred stock | 0 | 0 | 0 |
| Repayment of preferred stock | 0 | 0 | (3,300) |
| Net dispositions (purchases) of GE shares for treasury | (9,278) | (4,164) | (1,456) |
| Dividends paid to shareowners | (7,821) | (7,189) | (6,458) |
| Purchase of subsidiary shares from noncontrolling interest | 0 | 0 | (4,303) |
| All other financing activities | (211) | 32 | (75) |
| Cash from (used for) financing activities - continuing operations | (20,881) | (5,284) | (14,627) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | (20,881) | (5,284) | (14,627) |
| Effect of currency exchange rate changes on cash and equivalents | (22) | 2 | (50) |
| Increase (decrease) in cash and equivalents | (1,827) | 7,127 | (10,859) |
| Cash and equivalents at beginning of year | 13,682 | 8,382 | 8,382 |
| Cash and equivalents at end of year | 13,682 | 8,382 | 8,382 |
| Less cash and equivalents of discontinued operations at end of year | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 13,682 | 15,509 | 8,382 |
| Cash paid during the year for interest | (812) | (1,182) | (1,177) |
| Cash recovered (paid) during the year for income taxes | (4,753) | (2,987) | (2,303) |
| Subsidiaries GECC | |||
| Net earnings | 6,257 | 6,278 | 6,637 |
| Less: net earnings (loss) attributable to noncontrolling interests | 53 | 63 | 127 |
| Net earnings (loss) attributable to the Company | 6,204 | 6,215 | 6,510 |
| (Earnings) loss from discontinued operations, net of taxes | 2,054 | 1,130 | (30) |
| Depreciation and amortization of property, plant and equipment | 7,313 | 6,901 | 6,918 |
| Earnings from continuing operations retained by GECC(b) | 0 | 0 | 0 |
| Deferred income taxes | (724) | (858) | 123 |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | 33 | (27) | 15 |
| Increase (decrease) in accounts payable | 73 | (880) | 19 |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| Provision for losses on GECC financing receivables | 4,818 | 3,832 | 3,930 |
| All other operating activities | 99 | 5,418 | 3,127 |
| Cash from (used for) operating activities - continuing operations | 19,870 | 21,731 | 20,612 |
| Cash from (used for) operating activities - discontinued operations | (456) | 316 | 1,248 |
| Cash from (used for) operating activities | 19,414 | 22,047 | 21,860 |
| Additions to property, plant and equipment | (9,978) | (11,879) | (9,869) |
| Dispositions of property, plant and equipment | 5,883 | 6,184 | 5,867 |
| Net decrease (increase) in GECC financing receivables | 3,589 | 5,490 | 14,525 |
| Proceeds from sales of discontinued operations | 528 | 227 | 8,950 |
| Proceeds from principal business dispositions | 1,983 | 2,863 | 2,623 |
| Proceeds from sales of associated companies | 0 | 0 | 0 |
| Net cash from (payments for) principal businesses purchased | 6,384 | 0 | (50) |
| All other investing activities | 14,972 | 11,794 | 7,733 |
| Cash from (used for) investing activities - continuing operations | 23,361 | 14,679 | 29,779 |
| Cash from (used for) investing activities - discontinued operations | 441 | (288) | (1,285) |
| Cash from (used for) investing activities | 23,802 | 14,391 | 28,494 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (13,892) | (1,401) | 4,393 |
| Net increase (decrease) in bank deposits | 2,197 | 2,450 | 6,652 |
| Newly issued debt (maturities longer than 90 days) | 44,888 | 55,841 | 43,267 |
| Repayments and other reductions (maturities longer than 90 days) | (56,429) | (103,908) | (85,436) |
| Proceeds from issuance of preferred stock | 990 | 3,960 | 0 |
| Repayment of preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | (6,283) | (6,549) | 0 |
| Purchase of subsidiary shares from noncontrolling interest | 0 | 0 | (275) |
| All other financing activities | (909) | (2,867) | (1,792) |
| Cash from (used for) financing activities - continuing operations | (29,438) | (52,474) | (33,191) |
| Cash from (used for) financing activities - discontinued operations | 56 | (19) | 52 |
| Cash from (used for) financing activities | (29,382) | (52,493) | (33,139) |
| Effect of currency exchange rate changes on cash and equivalents | (773) | 1,276 | (791) |
| Increase (decrease) in cash and equivalents | 13,061 | (14,779) | 16,424 |
| Cash and equivalents at beginning of year | 75,105 | 76,823 | 76,823 |
| Cash and equivalents at end of year | 75,105 | 76,823 | 76,823 |
| Less cash and equivalents of discontinued operations at end of year | 232 | 191 | 182 |
| Cash and equivalents of continuing operations at end of year | 74,873 | 61,853 | 76,641 |
| Cash paid during the year for interest | (8,146) | (12,172) | (15,018) |
| Cash recovered (paid) during the year for income taxes | 2,266 | (250) | (616) |
| [1] 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 2013 | |
| 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 |