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: 2015 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Feb 26, 2016) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows - operating activities | |||
| Net earnings (loss) | $ (5,795) | 15,345 | 13,355 |
| Less net earnings (loss) attributable to noncontrolling interests | 332 | 112 | 298 |
| Net earnings (loss) attributable to the Company | (6,126) | 15,233 | 13,057 |
| (Earnings) loss from discontinued operations, net of taxes | 7,495 | (5,855) | (5,475) |
| Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 4,847 | 4,953 | 5,202 |
| Earnings from continuing operations retained by GE Capital(b) | 0 | 0 | 0 |
| Deferred income taxes | 383 | (882) | (3,540) |
| Decrease (increase) in GE current receivables | (52) | (1,913) | (485) |
| Decrease (increase) in inventories | (314) | (872) | (1,368) |
| Increase (decrease) in accounts payable | (541) | 565 | 442 |
| Increase (decrease) in GE progress collections | (996) | (515) | 1,892 |
| All other operating activities | 7,160 | 5,318 | 4,672 |
| Cash from (used for) operating activities - continuing operations | 11,856 | 16,033 | 14,398 |
| Cash from (used for) operating activities - discontinued operations | 8,034 | 11,676 | 14,112 |
| Cash from (used for) operating activities | 19,891 | 27,709 | 28,510 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (7,309) | (7,134) | (6,754) |
| Dispositions of property, plant and equipment | 3,020 | 2,923 | 2,716 |
| Net decrease (increase) in GE Capital financing receivables | 1,043 | 1,260 | 2,151 |
| Proceeds from sales of discontinued operations | 79,615 | 232 | 528 |
| Proceeds from principal business dispositions | 2,283 | 630 | 1,818 |
| Proceeds from sale of equity interest in NBCU LLC | 0 | 0 | 16,699 |
| Net cash from (payments for) principal businesses purchased | (12,027) | (2,091) | (8,026) |
| All other investing activities | (5,013) | 23,410 | 35,027 |
| Cash from (used for) investing activities - continuing operations | 61,613 | 19,229 | 44,159 |
| Cash from (used for) investing activities - discontinued operations | (2,125) | (24,263) | (15,042) |
| Cash from (used for) investing activities | 59,488 | (5,034) | 29,117 |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (24,459) | (6,409) | (14,048) |
| Newly issued debt (maturities longer than 90 days) | 13,951 | 14,629 | 38,356 |
| Repayments and other reductions (maturities longer than 90 days) | (47,038) | (38,410) | (53,624) |
| Proceeds from issuance of GE Capital preferred stock | 0 | 0 | 990 |
| Net dispositions (purchases) of GE shares for treasury | (1,099) | (1,218) | (9,278) |
| Dividends paid to shareowners | (9,295) | (8,852) | (7,821) |
| All other financing activities | (1,605) | (652) | (1,388) |
| Cash from (used for) financing activities - continuing operations | (69,547) | (40,912) | (46,813) |
| Cash from (used for) financing activities - discontinued operations | (6,507) | 23,956 | 1,238 |
| Cash from (used for) financing activities | (76,054) | (16,956) | (45,575) |
| Effect of currency exchange rate changes on cash and equivalents | (3,464) | (3,492) | (795) |
| Increase (decrease) in cash and equivalents | (138) | 2,224 | 11,258 |
| Cash and equivalents at beginning of year | 91,017 | 88,792 | 77,533 |
| Cash and equivalents at end of year | 90,879 | 91,017 | 88,792 |
| Less cash and equivalents of discontinued operations at December 31 | 20,395 | 20,991 | 9,617 |
| Cash and equivalents of continuing operations at end of year | 70,483 | 70,025 | 79,173 |
| Cash paid during the year for interest | (9,558) | (9,560) | (8,988) |
| Cash recovered (paid) during the year for income taxes | (2,486) | (2,955) | (2,487) |
| Legal Entity | |||
| GE | |||
| Net earnings (loss) | (6,061) | 15,182 | 13,303 |
| Less net earnings (loss) attributable to noncontrolling interests | 83 | (50) | 245 |
| Net earnings (loss) attributable to the Company | (6,145) | 15,233 | 13,057 |
| (Earnings) loss from discontinued operations, net of taxes | 7,807 | (5,698) | (5,439) |
| Depreciation and amortization of property, plant and equipment | 2,473 | 2,508 | 2,449 |
| Earnings from continuing operations retained by GE Capital(b) | 12,284 [1] | 1,625 | 5,321 |
| Deferred income taxes | (1,800) | (476) | (2,571) |
| Decrease (increase) in GE current receivables | 666 | (473) | (1,432) |
| Decrease (increase) in inventories | (282) | (877) | (1,351) |
| Increase (decrease) in accounts payable | 276 | 884 | 809 |
| Increase (decrease) in GE progress collections | (1,010) | (528) | 1,919 |
| All other operating activities | 2,083 | 2,973 | 1,492 |
| Cash from (used for) operating activities - continuing operations | 16,354 | 15,171 | 14,255 |
| Cash from (used for) operating activities - discontinued operations | (12) | (2) | (2) |
| Cash from (used for) operating activities | 16,342 | 15,169 | 14,253 |
| Additions to property, plant and equipment | (3,785) | (3,970) | (3,680) |
| Dispositions of property, plant and equipment | 939 | 615 | 381 |
| Net decrease (increase) in GE Capital financing receivables | 0 | 0 | 0 |
| Proceeds from sales of discontinued operations | 0 | 0 | 0 |
| Proceeds from principal business dispositions | 1,725 | 602 | 1,316 |
| Proceeds from sale of equity interest in NBCU LLC | 0 | 0 | 16,699 |
| Net cash from (payments for) principal businesses purchased | (10,350) | (2,091) | (8,026) |
| All other investing activities | (1,308) | (1,062) | (1,868) |
| Cash from (used for) investing activities - continuing operations | (12,779) | (5,906) | 4,822 |
| Cash from (used for) investing activities - discontinued operations | 12 | 2 | 2 |
| Cash from (used for) investing activities | (12,767) | (5,905) | 4,823 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 603 | 243 | 949 |
| Newly issued debt (maturities longer than 90 days) | 3,560 | 3,084 | 512 |
| Repayments and other reductions (maturities longer than 90 days) | (2,190) | (323) | (5,032) |
| Proceeds from issuance of GE Capital preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | (1,099) | (1,218) | (9,278) |
| Dividends paid to shareowners | (9,289) | (8,851) | (7,821) |
| All other financing activities | 203 | 346 | (212) |
| Cash from (used for) financing activities - continuing operations | (8,211) | (6,719) | (20,881) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | (8,211) | (6,719) | (20,881) |
| Effect of currency exchange rate changes on cash and equivalents | (908) | (312) | (22) |
| Increase (decrease) in cash and equivalents | (5,544) | 2,234 | (1,827) |
| Cash and equivalents at beginning of year | 10,372 | 13,682 | 15,509 |
| Cash and equivalents at end of year | 10,372 | 13,682 | 15,509 |
| Less cash and equivalents of discontinued operations at December 31 | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 10,372 | 15,916 | 13,682 |
| Cash paid during the year for interest | (1,204) | (1,215) | (1,132) |
| Cash recovered (paid) during the year for income taxes | (1,636) | (1,337) | (4,753) |
| GE Capital | |||
| Net earnings (loss) | (15,202) | 7,397 | 6,256 |
| Less net earnings (loss) attributable to noncontrolling interests | 248 | 162 | 53 |
| Net earnings (loss) attributable to the Company | (15,450) | 7,234 | 6,204 |
| (Earnings) loss from discontinued operations, net of taxes | 7,485 | (5,860) | (5,540) |
| Depreciation and amortization of property, plant and equipment | 2,436 | 2,529 | 2,754 |
| Earnings from continuing operations retained by GE Capital(b) | 0 | 0 | 0 |
| Deferred income taxes | 2,183 | (406) | (969) |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | (14) | 27 | 33 |
| Increase (decrease) in accounts payable | (189) | 258 | 155 |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| All other operating activities | 5,087 | 2,480 | 2,596 |
| Cash from (used for) operating activities - continuing operations | 1,537 | 6,263 | 5,232 |
| Cash from (used for) operating activities - discontinued operations | 8,046 | 11,678 | 14,113 |
| Cash from (used for) operating activities | 9,583 | 17,941 | 19,345 |
| Additions to property, plant and equipment | (4,237) | (3,818) | (3,274) |
| Dispositions of property, plant and equipment | 2,526 | 2,331 | 2,335 |
| Net decrease (increase) in GE Capital financing receivables | 226 | (161) | 3,022 |
| Proceeds from sales of discontinued operations | 79,615 | 232 | 528 |
| Proceeds from principal business dispositions | 532 | 0 | 477 |
| Net cash from (payments for) principal businesses purchased | (1,677) | 0 | 0 |
| All other investing activities | (4,690) | 24,574 | 35,756 |
| Cash from (used for) investing activities - continuing operations | 72,295 | 23,158 | 38,844 |
| Cash from (used for) investing activities - discontinued operations | (2,137) | (24,263) | (15,043) |
| Cash from (used for) investing activities | 70,158 | (1,105) | 23,801 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (24,834) | (7,078) | (13,710) |
| Newly issued debt (maturities longer than 90 days) | 10,391 | 11,545 | 37,852 |
| Repayments and other reductions (maturities longer than 90 days) | (44,848) | (38,087) | (48,592) |
| Proceeds from issuance of GE Capital preferred stock | 0 | 0 | 990 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | (4,620) | (3,322) | (6,283) |
| All other financing activities | (1,362) | (679) | (878) |
| Cash from (used for) financing activities - continuing operations | (65,273) | (37,621) | (30,621) |
| Cash from (used for) financing activities - discontinued operations | (6,507) | 23,956 | 1,239 |
| Cash from (used for) financing activities | (71,780) | (13,665) | (29,382) |
| Effect of currency exchange rate changes on cash and equivalents | (2,556) | (3,180) | (773) |
| Increase (decrease) in cash and equivalents | 5,406 | (9) | 12,991 |
| Cash and equivalents at beginning of year | 80,506 | 75,109 | 62,118 |
| Cash and equivalents at end of year | 80,506 | 75,109 | 62,118 |
| Less cash and equivalents of discontinued operations at December 31 | 20,395 | 20,991 | 9,617 |
| Cash and equivalents of continuing operations at end of year | 60,111 | 54,109 | 65,492 |
| Cash paid during the year for interest | (8,884) | (8,910) | (8,146) |
| Cash recovered (paid) during the year for income taxes | (850) | (1,618) | 2,266 |
| [1] (b) Represents GE Capital earnings /loss from continuing operations attributable to the Company, net of GE Capital dividends paid to GE . | |||
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2015 | |
| 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 |