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: 2021 | |||
STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2021 10-K (Filed: Feb 11, 2022) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flows operating activities | |||
| Net earnings (loss) | $ (6,591) | 5,546 | (4,912) |
| (Earnings) loss from discontinued operations | 3,195 | 911 | 4,306 |
| Adjustments to reconcile net earnings (loss) to cash provided from operating activities | |||
| Depreciation and amortization of property, plant and equipment | 1,871 | 2,128 | 2,018 |
| Amortization of intangible assets | 1,138 | 1,336 | 1,523 |
| Goodwill impairments (Note 7) | 0 | 877 | 1,486 |
| (Gains) losses on purchases and sales of business interests (Note 18) | 40 | (12,469) | 14 |
| (Gains) losses on equity securities (Note 18) | (1,656) | 2,085 | (696) |
| Debt extinguishment costs (Note 10) | 6,524 | 301 | 256 |
| Principal pension plans cost (Note 12) | 2,650 | 3,559 | 3,878 |
| Principal pension plans employer contributions (Note 12) | (326) | (2,806) | (298) |
| Other postretirement benefit plans (net) (Note 12) | (1,144) | (893) | (1,228) |
| Provision (benefit) for income taxes (Note 14) | (286) | (487) | 552 |
| Cash recovered (paid) during the year for income taxes | (1,165) | (1,441) | (1,950) |
| Changes in operating working capital: | |||
| Decrease (increase) in current receivables | (177) | (1,319) | (2,851) |
| Decrease (increase) in inventories, including deferred inventory costs | (702) | 1,105 | (1,581) |
| Decrease (increase) in current contract assets | 1,031 | 1,631 | 891 |
| Increase (decrease) in accounts payable and equipment project accruals | (2) | (582) | 2,679 |
| Increase (decrease) in progress collections and current deferred income | (1,052) | (247) | 1,476 |
| Financial services derivatives net collateral/settlement | (1,143) | 1,897 | 1,278 |
| All other operating activities | (1,317) | (109) | 2,000 |
| Cash from (used for) operating activities continuing operations | 888 | 1,025 | 8,838 |
| Cash from (used for) operating activities discontinued operations | 2,444 | 2,543 | (104) |
| Cash from (used for) operating activities | 3,332 | 3,568 | 8,734 |
| Cash flows investing activities | |||
| Additions to property, plant and equipment | (1,250) | (1,579) | (2,216) |
| Dispositions of property, plant and equipment | 167 | 203 | 379 |
| Additions to internal-use software | (111) | (151) | (282) |
| Proceeds from sale of discontinued operations | 22,356 | 0 | 5,864 |
| Proceeds from principal business dispositions | 1 | 20,562 | 1,124 |
| Net cash from (payments for) principal businesses purchased | (1,550) | (85) | (68) |
| Sales of retained ownership interests | 4,145 | 417 | 3,383 |
| Net (purchases) dispositions of insurance investment securities | (1,290) | (1,352) | (1,600) |
| All other investing activities | 1,237 | 1,280 | 5,613 |
| Cash from (used for) investing activities continuing operations | 23,705 | 19,297 | 12,197 |
| Cash from (used for) investing activities discontinued operations | (2,397) | (2,626) | (3,220) |
| Cash from (used for) investing activities | 21,308 | 16,671 | 8,977 |
| Cash flows financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | (710) | (4,168) | 280 |
| Newly issued debt (maturities longer than 90 days) | 364 | 15,028 | 2,185 |
| Repayments and other debt reductions (maturities longer than 90 days) | (36,521) | (29,632) | (16,307) |
| Dividends paid to shareholders | (575) | (648) | (649) |
| Cash paid for debt extinguishment costs | (7,196) | (335) | (255) |
| All other financing activities | (658) | (6) | (941) |
| Cash from (used for) financing activities continuing operations | (45,296) | (19,762) | (15,686) |
| Cash from (used for) financing activities discontinued operations | 119 | (90) | (446) |
| Cash from (used for) financing activities | (45,177) | (19,852) | (16,133) |
| Effect of currency exchange rate changes on cash, cash equivalents and restricted cash | (213) | 145 | (50) |
| Increase (decrease) in cash, cash equivalents and restricted cash | (20,750) | 531 | 1,529 |
| Cash, cash equivalents and restricted cash at beginning of year | 37,608 | 37,077 | |
| Cash, cash equivalents and restricted cash at December 31 | 16,859 | 37,608 | 37,077 |
| Less cash, cash equivalents and restricted cash of discontinued operations at December 31 | 736 | 623 | 774 |
| Cash, cash equivalents and restricted cash of continuing operations at December 31 | 16,123 | 36,985 | 36,303 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (2,536) | (2,976) | (4,101) |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2021 | |
| 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 |