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: 2014 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Feb 27, 2015) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows - operating activities | |||
| Net earnings | $ 15,345 | 13,355 | 13,864 |
| Less net earnings (loss) attributable to noncontrolling interests | 112 | 298 | 223 |
| Net earnings attributable to GE common shareowners for per-share calculation, Basic | 15,233 | 13,057 | 13,641 |
| (Earnings) loss from discontinued operations, net of taxes | 112 | 2,120 | 983 |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 9,283 | 9,762 | 9,192 |
| Earnings from continuing operations retained by GECC(b) | 0 | 0 | 0 |
| Deferred income taxes | (1,186) | (3,295) | (1,152) |
| Decrease (increase) in GE current receivables | (1,913) | (485) | (879) |
| Increase (Decrease) in Inventories | (872) | (1,368) | (1,274) |
| Increase (decrease) in accounts payable | 305 | 360 | (437) |
| Increase (decrease) in GE progress collections | (515) | 1,893 | (920) |
| Provision for losses on GECC financing receivables | 3,993 | 4,818 | 3,832 |
| All other operating activities | 3,075 | 2,175 | 8,029 |
| Cash from (used for) operating activities - continuing operations | 27,515 | 29,037 | 31,015 |
| Cash from (used for) operating activities - discontinued operations | 195 | (458) | 316 |
| Cash from (used for) operating activities | 27,710 | 28,579 | 31,331 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (13,727) | (13,458) | (15,119) |
| Dispositions of property, plant and equipment | 6,262 | 5,883 | 6,184 |
| Net decrease (increase) in GECC financing receivables | (4,267) | 2,715 | 6,979 |
| Proceeds from sales of discontinued operations | 232 | 528 | 227 |
| Proceeds from principal business dispositions | 2,950 | 3,324 | 3,618 |
| Proceeds from sale of equity interest in NBCU LLC | 0 | 16,699 | 0 |
| Net cash from (payments for) principal businesses purchased | 2,639 | 1,642 | 1,456 |
| Payments for proceeds from other investing activities | 6,447 | 14,625 | 11,157 |
| Cash from (used for) investing activities - continuing operations | (4,742) | 28,674 | 11,590 |
| Cash from (used for) investing activities - discontinued operations | (288) | 443 | (288) |
| Cash from (used for) investing activities | (5,030) | 29,117 | 11,302 |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (6,112) | (14,230) | (2,231) |
| Net increase (decrease) in bank deposits | 13,286 | 2,197 | 2,450 |
| Newly issued debt (maturities longer than 90 days) | 37,548 | 45,392 | 63,019 |
| Repayments and other reductions (maturities longer than 90 days) | (53,380) | (61,461) | (103,942) |
| Proceeds from issuance of preferred stock | 0 | 990 | 3,960 |
| Net dispositions (purchases) of GE shares for treasury | (1,218) | (9,278) | (4,164) |
| Dividends paid to shareowners | (8,851) | (7,821) | (7,189) |
| Proceeds from initial public offering of Synchrony Financial | 2,842 | 0 | 0 |
| All other financing activities | (1,067) | (1,418) | (2,958) |
| Cash from (used for) financing activities - continuing operations | (16,952) | (45,629) | (51,055) |
| Cash from (used for) financing activities - discontinued operations | (6) | 56 | (19) |
| Cash from (used for) financing activities | (16,958) | (45,573) | (51,074) |
| Effect of currency exchange rate changes on cash and equivalents | (3,492) | (795) | 1,278 |
| Increase (decrease) in cash and equivalents | 2,230 | 11,328 | (7,163) |
| Cash and equivalents at beginning of year | 88,787 | 77,459 | 84,622 |
| Cash and equivalents at end of year | 91,017 | 88,787 | 77,459 |
| Less cash and equivalents of discontinued operations at December 31 | 133 | 232 | 191 |
| Cash and equivalents of continuing operations at end of year | 90,884 | 88,555 | 77,268 |
| Cash paid during the year for interest | (9,560) | (8,988) | (12,717) |
| Cash recovered (paid) during the year for income taxes | (2,955) | (2,487) | (3,237) |
| Legal Entity | |||
| GE | |||
| Net earnings | 15,183 | 13,302 | 13,801 |
| Less net earnings (loss) attributable to noncontrolling interests | (50) | 245 | 160 |
| Net earnings attributable to GE common shareowners for per-share calculation, Basic | 15,233 | 13,057 | 13,641 |
| (Earnings) loss from discontinued operations, net of taxes | 112 | 2,120 | 983 |
| Depreciation and amortization of property, plant and equipment | 2,508 | 2,449 | 2,291 |
| Earnings from continuing operations retained by GECC(b) | (4,341) | (2,273) | 919 |
| Deferred income taxes | (476) | (2,571) | (294) |
| Decrease (increase) in GE current receivables | (473) | (1,432) | 1,105 |
| Increase (Decrease) in Inventories | (877) | (1,351) | (1,204) |
| Increase (decrease) in accounts payable | 884 | 809 | 158 |
| Increase (decrease) in GE progress collections | (528) | 1,919 | (920) |
| Provision for losses on GECC financing receivables | 0 | 0 | 0 |
| All other operating activities | (3,129) | (1,528) | 2,985 |
| Cash from (used for) operating activities - continuing operations | 15,171 | 14,255 | 17,826 |
| Cash from (used for) operating activities - discontinued operations | (2) | (2) | 0 |
| Cash from (used for) operating activities | 15,169 | 14,253 | 17,826 |
| Additions to property, plant and equipment | (3,970) | (3,680) | (3,937) |
| 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 | 602 | 1,316 | 540 |
| Proceeds from sale of equity interest in NBCU LLC | 0 | 16,699 | 0 |
| Net cash from (payments for) principal businesses purchased | (2,091) | (8,026) | 1,456 |
| Payments for proceeds from other investing activities | (447) | (1,488) | (564) |
| Cash from (used for) investing activities - continuing operations | (5,906) | 4,821 | (5,417) |
| Cash from (used for) investing activities - discontinued operations | 2 | 2 | 0 |
| Cash from (used for) investing activities | (5,904) | 4,823 | (5,417) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 243 | 949 | (890) |
| Net increase (decrease) in bank deposits | 0 | 0 | 0 |
| Newly issued debt (maturities longer than 90 days) | 3,084 | 512 | 6,961 |
| Repayments and other reductions (maturities longer than 90 days) | (323) | (5,032) | (34) |
| Proceeds from issuance of preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | (1,218) | (9,278) | (4,164) |
| Dividends paid to shareowners | (8,851) | (7,821) | (7,189) |
| Proceeds from initial public offering of Synchrony Financial | 0 | 0 | 0 |
| All other financing activities | 346 | (211) | 32 |
| Cash from (used for) financing activities - continuing operations | (6,719) | (20,881) | (5,284) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | (6,719) | (20,881) | (5,284) |
| Effect of currency exchange rate changes on cash and equivalents | (312) | (22) | 2 |
| Increase (decrease) in cash and equivalents | 2,234 | (1,827) | 7,127 |
| Cash and equivalents at beginning of year | 15,916 | 15,509 | 8,382 |
| Cash and equivalents at end of year | 15,916 | 15,509 | 8,382 |
| Less cash and equivalents of discontinued operations at December 31 | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 15,916 | 13,682 | 15,509 |
| Cash paid during the year for interest | (1,215) | (1,132) | (1,182) |
| Cash recovered (paid) during the year for income taxes | (1,337) | (4,753) | (2,987) |
| GECC | |||
| Net earnings | 7,396 | 6,257 | 6,278 |
| Less net earnings (loss) attributable to noncontrolling interests | 162 | 53 | 63 |
| Net earnings attributable to GE common shareowners for per-share calculation, Basic | 7,234 | 6,204 | 6,215 |
| (Earnings) loss from discontinued operations, net of taxes | 107 | 2,054 | 1,130 |
| Depreciation and amortization of property, plant and equipment | 6,859 | 7,313 | 6,901 |
| Earnings from continuing operations retained by GECC(b) | 0 | 0 | 0 |
| Deferred income taxes | (710) | (724) | (858) |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Increase (Decrease) in Inventories | 27 | 33 | (27) |
| Increase (decrease) in accounts payable | (2) | 73 | (880) |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| Provision for losses on GECC financing receivables | 3,993 | 4,818 | 3,832 |
| All other operating activities | (240) | (99) | (5,418) |
| Cash from (used for) operating activities - continuing operations | 17,748 | 19,870 | 21,731 |
| Cash from (used for) operating activities - discontinued operations | 197 | (456) | 316 |
| Cash from (used for) operating activities | 17,945 | 19,414 | 22,047 |
| Additions to property, plant and equipment | (10,410) | (9,978) | (11,879) |
| Dispositions of property, plant and equipment | 6,284 | 5,883 | 6,184 |
| Net decrease (increase) in GECC financing receivables | (5,689) | 3,589 | 5,490 |
| Proceeds from sales of discontinued operations | 232 | 528 | 227 |
| Proceeds from principal business dispositions | 2,320 | 1,983 | 2,863 |
| Proceeds from sale of equity interest in NBCU LLC | 0 | 0 | 0 |
| Net cash from (payments for) principal businesses purchased | (548) | 6,384 | 0 |
| Payments for proceeds from other investing activities | 6,997 | 14,972 | 11,794 |
| Cash from (used for) investing activities - continuing operations | (814) | 23,361 | 14,679 |
| Cash from (used for) investing activities - discontinued operations | (290) | 441 | (288) |
| Cash from (used for) investing activities | (1,104) | 23,802 | 14,391 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (6,781) | (13,892) | (1,401) |
| Net increase (decrease) in bank deposits | 13,286 | 2,197 | 2,450 |
| Newly issued debt (maturities longer than 90 days) | 34,464 | 44,888 | 55,841 |
| Repayments and other reductions (maturities longer than 90 days) | (53,057) | (56,429) | (103,908) |
| Proceeds from issuance of preferred stock | 0 | 990 | 3,960 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | (3,322) | (6,283) | (6,549) |
| Proceeds from initial public offering of Synchrony Financial | 2,842 | 0 | 0 |
| All other financing activities | (1,091) | (909) | (2,867) |
| Cash from (used for) financing activities - continuing operations | (13,659) | (29,438) | (52,474) |
| Cash from (used for) financing activities - discontinued operations | (6) | 56 | (19) |
| Cash from (used for) financing activities | (13,665) | (29,382) | (52,493) |
| Effect of currency exchange rate changes on cash and equivalents | (3,180) | (773) | 1,276 |
| Increase (decrease) in cash and equivalents | (4) | 13,061 | (14,779) |
| Cash and equivalents at beginning of year | 75,101 | 62,044 | 76,823 |
| Cash and equivalents at end of year | 75,101 | 62,044 | 76,823 |
| Less cash and equivalents of discontinued operations at December 31 | 133 | 232 | 191 |
| Cash and equivalents of continuing operations at end of year | 74,968 | 74,873 | 61,853 |
| Cash paid during the year for interest | (8,910) | (8,146) | (12,172) |
| Cash recovered (paid) during the year for income taxes | (1,618) | 2,266 | (250) |
| Synchrony | |||
| Proceeds from initial public offering of Synchrony Financial | 2,842 | 0 | |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2014 | |
| 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 |