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: 2017 | |||
STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2017 10-K (Filed: Feb 23, 2018) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows operating activities | |||
| Net earnings (loss) | $ (6,056) | 8,540 | (5,795) |
| Less net earnings (loss) attributable to noncontrolling interests | (270) | (291) | 332 |
| Net earnings (loss) attributable to the Company | (5,786) | 8,831 | (6,126) |
| (Earnings) loss from discontinued operations | 309 | 954 | 7,495 |
| Adjustments to reconcile net earnings attributable to the Company to cash provided from operating activities: | |||
| Depreciation and amortization of property, plant and equipment | 5,139 | 4,997 | 4,847 |
| (Earnings) loss from continuing operations retained by GE Capital | 0 | 0 | 0 |
| Deferred income taxes | (4,845) | 814 | 383 |
| Decrease (increase) in GE current receivables | 1,551 | 1,514 | (52) |
| Decrease (increase) in inventories | 747 | (1,389) | (314) |
| Increase (decrease) in accounts payable | (335) | 1,198 | (541) |
| Increase (decrease) in GE progress collections | 1,322 | 1,836 | (996) |
| All other operating activities | 13,291 | (12,655) | 7,160 |
| Cash from (used for) operating activities continuing operations | 11,394 | 6,099 | 11,856 |
| Cash from (used for) operating activities discontinued operations | (968) | (6,343) | 8,034 |
| Cash from (used for) operating activities | 10,426 | (244) | 19,891 |
| Cash flows investing activities | |||
| Additions to property, plant and equipment | (7,371) | (7,199) | (7,309) |
| Dispositions of property, plant and equipment | 5,746 | 4,424 | 3,020 |
| Additions to internal-use software | (549) | (749) | (778) |
| Net decrease (increase) in GE Capital financing receivables | 805 | 200 | 1,043 |
| Proceeds from sale of discontinued operations | 1,464 | 59,890 | 79,615 |
| Proceeds from principal business dispositions | 3,228 | 5,357 | 2,283 |
| Net cash from (payments for) principal businesses purchased | (6,087) | (2,271) | (12,027) |
| All other investing activities | 6,704 | 2,960 | (4,235) |
| Cash from (used for) investing activities continuing operations | 3,940 | 62,613 | 61,613 |
| Cash from (used for) investing activities discontinued operations | (1,618) | (13,412) | (2,125) |
| Cash from (used for) investing activities | 2,322 | 49,202 | 59,488 |
| Cash flows financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 1,794 | (1,135) | (24,459) |
| Newly issued debt (maturities longer than 90 days) | 14,876 | 1,492 | 13,951 |
| Repayments and other reductions (maturities longer than 90 days) | (25,622) | (58,768) | (47,038) |
| Net dispositions (purchases) of GE shares for treasury | (2,550) | (21,429) | (1,099) |
| Dividends paid to shareowners | (8,650) | (8,806) | (9,295) |
| All other financing activities | (903) | (1,274) | (1,605) |
| Cash from (used for) financing activities continuing operations | (21,055) | (89,920) | (69,547) |
| Cash from (used for) financing activities discontinued operations | 1,909 | 789 | (6,507) |
| Cash from (used for) financing activities | (19,146) | (89,131) | (76,054) |
| Effect of currency exchange rate changes on cash and equivalents | 891 | (1,146) | (3,464) |
| Increase (decrease) in cash and equivalents | (5,507) | (41,319) | (138) |
| Cash and equivalents at beginning of year | 49,558 | 90,879 | |
| Cash and equivalents at end of year | 44,051 | 49,558 | 90,879 |
| Less cash and equivalents of discontinued operations at end of year | 752 | 1,429 | 20,395 |
| Cash and equivalents of continuing operations at end of year | 43,299 | 48,129 | 70,483 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (5,049) | (5,779) | (8,764) |
| Cash recovered (paid) during the year for income taxes | (2,436) | (7,469) | (2,486) |
| Legal Entity | |||
| GE | |||
| Net earnings (loss) | (6,496) | 7,896 | (6,061) |
| Less net earnings (loss) attributable to noncontrolling interests | (274) | (279) | 83 |
| Net earnings (loss) attributable to the Company | (6,222) | 8,176 | (6,145) |
| (Earnings) loss from discontinued operations | 315 | 952 | 7,807 |
| Depreciation and amortization of property, plant and equipment | 2,857 | 2,597 | 2,473 |
| (Earnings) loss from continuing operations retained by GE Capital | 10,781 | 21,345 | 12,284 |
| Deferred income taxes | 449 | 1,107 | (1,800) |
| Decrease (increase) in GE current receivables | 297 | 929 | 666 |
| Decrease (increase) in inventories | 764 | (1,337) | (282) |
| Increase (decrease) in accounts payable | (370) | 1,716 | 276 |
| Increase (decrease) in GE progress collections | 1,349 | 1,913 | (1,010) |
| All other operating activities | 822 | (7,438) | 2,083 |
| Cash from (used for) operating activities continuing operations | 11,040 | 29,960 | 16,354 |
| Cash from (used for) operating activities discontinued operations | (1) | (90) | (12) |
| Cash from (used for) operating activities | 11,039 | 29,870 | 16,342 |
| Additions to property, plant and equipment | (4,132) | (3,758) | (3,785) |
| Dispositions of property, plant and equipment | 1,401 | 1,080 | 939 |
| Additions to internal-use software | (518) | (740) | (755) |
| 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 | 3,106 | 5,357 | 1,725 |
| Net cash from (payments for) principal businesses purchased | (6,087) | (2,271) | (10,350) |
| All other investing activities | (2,097) | (1,652) | (553) |
| Cash from (used for) investing activities continuing operations | (8,328) | (1,984) | (12,779) |
| Cash from (used for) investing activities discontinued operations | 1 | 90 | 12 |
| Cash from (used for) investing activities | (8,327) | (1,894) | (12,767) |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 1,680 | 1,595 | 603 |
| Newly issued debt (maturities longer than 90 days) | 20,264 | 5,307 | 3,560 |
| Repayments and other reductions (maturities longer than 90 days) | (5,981) | (4,156) | (2,190) |
| Net dispositions (purchases) of GE shares for treasury | (2,550) | (21,429) | (1,099) |
| Dividends paid to shareowners | (8,355) | (8,474) | (9,289) |
| All other financing activities | (528) | (273) | 203 |
| Cash from (used for) financing activities continuing operations | 4,530 | (27,430) | (8,211) |
| Cash from (used for) financing activities discontinued operations | 0 | 0 | 0 |
| Cash from (used for) financing activities | 4,530 | (27,430) | (8,211) |
| Effect of currency exchange rate changes on cash and equivalents | 444 | (392) | (908) |
| Increase (decrease) in cash and equivalents | 7,686 | 153 | (5,544) |
| Cash and equivalents at beginning of year | 18,211 | 10,372 | 10,372 |
| Cash and equivalents at end of year | 18,211 | 10,372 | 10,372 |
| Less cash and equivalents of discontinued operations at end of year | 0 | 0 | 0 |
| Cash and equivalents of continuing operations at end of year | 18,211 | 10,525 | 10,372 |
| Cash paid during the year for interest | (2,256) | (1,753) | (1,327) |
| Cash recovered (paid) during the year for income taxes | (2,700) | (2,612) | (1,636) |
| Financial Services (GE Capital) | |||
| Net earnings (loss) | (6,643) | (1,560) | (15,202) |
| Less net earnings (loss) attributable to noncontrolling interests | 4 | (12) | 248 |
| Net earnings (loss) attributable to the Company | (6,647) | (1,548) | (15,450) |
| (Earnings) loss from discontinued operations | 312 | 954 | 7,485 |
| Depreciation and amortization of property, plant and equipment | 2,277 | 2,384 | 2,436 |
| (Earnings) loss from continuing operations retained by GE Capital | 0 | 0 | 0 [1] |
| Deferred income taxes | (5,294) | (293) | 2,183 |
| Decrease (increase) in GE current receivables | 0 | 0 | 0 |
| Decrease (increase) in inventories | (2) | (10) | (14) |
| Increase (decrease) in accounts payable | (75) | 17 | (189) |
| Increase (decrease) in GE progress collections | 0 | 0 | 0 |
| All other operating activities | 11,802 | (3,054) | 5,087 |
| Cash from (used for) operating activities continuing operations | 2,374 | (1,552) | 1,537 |
| Cash from (used for) operating activities discontinued operations | (968) | (6,253) | 8,046 |
| Cash from (used for) operating activities | 1,407 | (7,805) | 9,583 |
| Additions to property, plant and equipment | (3,680) | (3,769) | (4,237) |
| Dispositions of property, plant and equipment | 4,579 | 3,637 | 2,526 |
| Additions to internal-use software | (31) | (8) | (23) |
| Net decrease (increase) in GE Capital financing receivables | 2,897 | (1,279) | 226 |
| Proceeds from sale of discontinued operations | 1,464 | 59,890 | 79,615 |
| Proceeds from principal business dispositions | 0 | 0 | 532 |
| Net cash from (payments for) principal businesses purchased | 0 | 0 | (1,677) |
| All other investing activities | 3,052 | 1,647 | (4,667) |
| Cash from (used for) investing activities continuing operations | 8,282 | 60,118 | 72,295 |
| Cash from (used for) investing activities discontinued operations | (1,618) | (13,501) | (2,137) |
| Cash from (used for) investing activities | 6,664 | 46,617 | 70,158 |
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 69 | (1,655) | (24,834) |
| Newly issued debt (maturities longer than 90 days) | 1,909 | 1,174 | 10,391 |
| Repayments and other reductions (maturities longer than 90 days) | (21,007) | (58,285) | (44,848) |
| Net dispositions (purchases) of GE shares for treasury | 0 | 0 | 0 |
| Dividends paid to shareowners | (4,311) | (20,427) | (4,620) |
| All other financing activities | (280) | (1,127) | (1,362) |
| Cash from (used for) financing activities continuing operations | (23,619) | (80,320) | (65,273) |
| Cash from (used for) financing activities discontinued operations | 1,909 | 789 | (6,507) |
| Cash from (used for) financing activities | (21,710) | (79,531) | (71,780) |
| Effect of currency exchange rate changes on cash and equivalents | 447 | (754) | (2,556) |
| Increase (decrease) in cash and equivalents | (13,193) | (41,473) | 5,406 |
| Cash and equivalents at beginning of year | 25,840 | 80,506 | 80,506 |
| Cash and equivalents at end of year | 25,840 | 80,506 | 80,506 |
| Less cash and equivalents of discontinued operations at end of year | 752 | 1,429 | 20,395 |
| Cash and equivalents of continuing operations at end of year | 25,088 | 37,604 | 60,111 |
| Cash paid during the year for interest | (2,793) | (4,982) | (8,047) |
| Cash recovered (paid) during the year for income taxes | 264 | (4,857) | (850) |
| [1] 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 2017 | |
| 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 |