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: 2016 | |||
Statement of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Feb 24, 2017) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows - operating activities | |||
| Net earnings (loss) | $ 8,540 | (5,795) | 15,345 |
| Less net earnings (loss) attributable to noncontrolling interests | (291) | 332 | 112 |
| Net earnings (loss) attributable to the Company | 8,831 | (6,126) | 15,233 |
| (Earnings) loss from discontinued operations | 954 | 7,495 | (5,855) |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 4,997 | 4,847 | 4,953 |
| Earnings from continuing operations retained by GE Capital | 0 | 0 | 0 |
| Deferred income taxes | 814 | 383 | (882) |
| Decrease (increase) in GE current receivables | 1,514 | (52) | (1,913) |
| Decrease (increase) in inventories | (1,389) | (314) | (872) |
| Increase (decrease) in accounts payable | 1,198 | (541) | 565 |
| Increase (decrease) in GE progress collections | 1,836 | (996) | (515) |
| All other operating activities | (12,655) | 7,160 | 5,318 |
| Cash from (used for) operating activities - continuing operations | 6,099 | 11,856 | 16,033 |
| Cash from (used for) operating activities - discontinued operations | (6,343) | 8,034 | 11,676 |
| Cash from (used for) operating activities | (244) | 19,891 | 27,709 |
| Cash flows - investing activities | |||
| Additions to property, plant and equipment | (7,199) | (7,309) | (7,134) |
| Dispositions of property, plant and equipment | 4,424 | 3,020 | 2,923 |
| Net decrease (increase) in GE Capital financing receivables | 200 | 1,043 | 1,260 |
| Proceeds from sale of discontinued operations | 59,890 | 79,615 | 232 |
| Proceeds from principal business dispositions | 5,357 | 2,283 | 630 |
| Net cash from (payments for) principal businesses purchased | (2,271) | (12,027) | (2,091) |
| All other investing activities | 2,212 | (5,013) | 23,410 |
| Cash from (used for) investing activities - continuing operations | 62,613 | 61,613 | 19,229 |
| Cash from (used for) investing activities - discontinued operations | (13,412) | (2,125) | (24,263) |
| Cash from (used for) investing activities | 49,202 | 59,488 | (5,034) |
| Cash flows - financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (1,135) | (24,459) | (6,409) |
| Newly issued debt (maturities longer than 90 days) | 1,492 | 13,951 | 14,629 |
| Repayments and other debt reductions (maturities longer than 90 days) | (58,768) | (47,038) | (38,410) |
| Proceeds from issuance of GE Capital preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | (21,429) | (1,099) | (1,218) |
| Dividends paid to shareowners | (8,806) | (9,295) | (8,852) |
| All other financing activities | (1,274) | (1,605) | (652) |
| Cash from (used for) financing activities - continuing operations | (89,920) | (69,547) | (40,912) |
| Cash from (used for) financing activities - discontinued operations | 789 | (6,507) | 23,956 |
| Cash from (used for) financing activities | (89,131) | (76,054) | (16,956) |
| Effect of currency exchange rate changes on cash and equivalents | (1,146) | (3,464) | (3,492) |
| Increase (decrease) in cash and equivalents | (41,319) | (138) | 2,224 |
| Cash and equivalents at beginning of year | 90,879 | 91,017 | 88,792 |
| Cash and equivalents at December 31 | 49,558 | 90,879 | 91,017 |
| Less cash and equivalents of discontinued operations at December 31 | 1,429 | 20,395 | 20,991 |
| Cash and equivalents of continuing operations at December 31 | 48,129 | 70,483 | 70,025 |
| Cash paid during the year for interest | (5,779) | (8,764) | (9,539) |
| Cash recovered (paid) during the year for income taxes | (7,469) | (2,486) | (2,955) |
| Legal Entity | |||
| GE | |||
| Net earnings (loss) | 7,896 | (6,061) | 15,182 |
| Less net earnings (loss) attributable to noncontrolling interests | (279) | 83 | (50) |
| Net earnings (loss) attributable to the Company | 8,176 | (6,145) | 15,233 |
| (Earnings) loss from discontinued operations | 952 | 7,807 | (5,698) |
| Depreciation and amortization of property, plant and equipment | 2,597 | 2,473 | 2,508 |
| Earnings from continuing operations retained by GE Capital | 21,345 | 12,284 | 1,625 |
| Deferred income taxes | 1,107 | (1,800) | (476) |
| Decrease (increase) in GE current receivables | 929 | 666 | (473) |
| Decrease (increase) in inventories | (1,337) | (282) | (877) |
| Increase (decrease) in accounts payable | 1,716 | 276 | 884 |
| Increase (decrease) in GE progress collections | 1,913 | (1,010) | (528) |
| All other operating activities | (7,438) | 2,083 | 2,973 |
| Cash from (used for) operating activities - continuing operations | 29,960 | 16,354 | 15,171 |
| Cash from (used for) operating activities - discontinued operations | (90) | (12) | (2) |
| Cash from (used for) operating activities | 29,870 | 16,342 | 15,169 |
| Additions to property, plant and equipment | (3,758) | (3,785) | (3,970) |
| Dispositions of property, plant and equipment | 1,080 | 939 | 615 |
| Net decrease (increase) in GE Capital financing receivables | 0 | 0 | 0 |
| Proceeds from sale of discontinued operations | 0 | 0 | 0 |
| Proceeds from principal business dispositions | 5,357 | 1,725 | 602 |
| Net cash from (payments for) principal businesses purchased | (2,271) | (10,350) | (2,091) |
| All other investing activities | (2,392) | (1,308) | (1,062) |
| Cash from (used for) investing activities - continuing operations | (1,984) | (12,779) | (5,906) |
| Cash from (used for) investing activities - discontinued operations | 90 | 12 | 2 |
| Cash from (used for) investing activities | (1,894) | (12,767) | (5,905) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 1,595 | 603 | 243 |
| Newly issued debt (maturities longer than 90 days) | 5,307 | 3,560 | 3,084 |
| Repayments and other debt reductions (maturities longer than 90 days) | (4,156) | (2,190) | (323) |
| Proceeds from issuance of GE Capital preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | (21,429) | (1,099) | (1,218) |
| Dividends paid to shareowners | (8,474) | (9,289) | (8,851) |
| All other financing activities | (273) | 203 | 346 |
| Cash from (used for) financing activities - continuing operations | (27,430) | (8,211) | (6,719) |
| Cash from (used for) financing activities - discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | (27,430) | (8,211) | (6,719) |
| Effect of currency exchange rate changes on cash and equivalents | (392) | (908) | (312) |
| Increase (decrease) in cash and equivalents | 153 | (5,544) | 2,234 |
| Cash and equivalents at beginning of year | 10,525 | 15,916 | 13,682 |
| Cash and equivalents at December 31 | 10,525 | 15,916 | 13,682 |
| Less cash and equivalents of discontinued operations at December 31 | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at December 31 | 10,525 | 10,372 | 15,916 |
| Cash paid during the year for interest | (1,753) | (1,327) | (1,248) |
| Cash recovered (paid) during the year for income taxes | (2,612) | (1,636) | (1,337) |
| GE Capital | |||
| Net earnings (loss) | (1,560) | (15,202) | 7,397 |
| Less net earnings (loss) attributable to noncontrolling interests | (12) | 248 | 162 |
| Net earnings (loss) attributable to the Company | (1,548) | (15,450) | 7,234 |
| (Earnings) loss from discontinued operations | 954 | 7,485 | (5,860) |
| Depreciation and amortization of property, plant and equipment | 2,384 | 2,436 | 2,529 |
| Earnings from continuing operations retained by GE Capital | 0 | 0 | 0 |
| Deferred income taxes | (293) | 2,183 | (406) |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | (10) | (14) | 27 |
| Increase (decrease) in accounts payable | 17 | (189) | 258 |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| All other operating activities | (3,054) | 5,087 | 2,480 |
| Cash from (used for) operating activities - continuing operations | (1,552) | 1,537 | 6,263 |
| Cash from (used for) operating activities - discontinued operations | (6,253) | 8,046 | 11,678 |
| Cash from (used for) operating activities | (7,805) | 9,583 | 17,941 |
| Additions to property, plant and equipment | (3,769) | (4,237) | (3,818) |
| Dispositions of property, plant and equipment | 3,637 | 2,526 | 2,331 |
| Net decrease (increase) in GE Capital financing receivables | (1,279) | 226 | (161) |
| Proceeds from sale of discontinued operations | 59,890 | 79,615 | 232 |
| Proceeds from principal business dispositions | 0 | 532 | 0 |
| Net cash from (payments for) principal businesses purchased | 0 | (1,677) | 0 |
| All other investing activities | 1,639 | (4,690) | 24,574 |
| Cash from (used for) investing activities - continuing operations | 60,118 | 72,295 | 23,158 |
| Cash from (used for) investing activities - discontinued operations | (13,501) | (2,137) | (24,263) |
| Cash from (used for) investing activities | 46,617 | 70,158 | (1,105) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (1,655) | (24,834) | (7,078) |
| Newly issued debt (maturities longer than 90 days) | 1,174 | 10,391 | 11,545 |
| Repayments and other debt reductions (maturities longer than 90 days) | (58,285) | (44,848) | (38,087) |
| Proceeds from issuance of GE Capital preferred stock | 0 | 0 | 0 |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | (20,427) | (4,620) | (3,322) |
| All other financing activities | (1,127) | (1,362) | (679) |
| Cash from (used for) financing activities - continuing operations | (80,320) | (65,273) | (37,621) |
| Cash from (used for) financing activities - discontinued operations | 789 | (6,507) | 23,956 |
| Cash from (used for) financing activities | (79,531) | (71,780) | (13,665) |
| Effect of currency exchange rate changes on cash and equivalents | (754) | (2,556) | (3,180) |
| Increase (decrease) in cash and equivalents | (41,473) | 5,406 | (9) |
| Cash and equivalents at beginning of year | 39,033 | 75,100 | 75,109 |
| Cash and equivalents at December 31 | 39,033 | 75,100 | 75,109 |
| Less cash and equivalents of discontinued operations at December 31 | 1,429 | 20,395 | 20,991 |
| Cash and equivalents of continuing operations at December 31 | 37,604 | 60,111 | 54,109 |
| Cash paid during the year for interest | (4,982) | (8,047) | (8,910) |
| Cash recovered (paid) during the year for income taxes | (4,857) | (850) | (1,618) |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2016 | |
| 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 |