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: 2022 | |||
STATEMENT OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Feb 10, 2023) | |||
| (In Millions, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows operating activities | |||
| Net earnings (loss) | $ 292 | (6,591) | 5,546 |
| (Earnings) loss from discontinued operations activities | 644 | 3,195 | 911 |
| Adjustments to reconcile net earnings (loss) to cash from (used for) operating activities | |||
| Depreciation and amortization of property, plant and equipment | 1,802 | 1,871 | 2,128 |
| Amortization of intangible assets (Note 7) | 1,742 | 1,138 | 1,336 |
| Goodwill impairments (Note 7) | 0 | 0 | 877 |
| (Gains) losses on purchases and sales of business interests (Note 19) | (66) | 40 | (12,469) |
| (Gains) losses on equity securities (Note 19) | 144 | (1,656) | 2,085 |
| Debt extinguishment costs | 465 | 6,524 | 301 |
| Principal pension plans cost (Note 13) | 575 | 2,650 | 3,559 |
| Principal pension plans employer contributions (Note 13) | (325) | (326) | (2,806) |
| Other postretirement benefit plans (net) (Note 13) | (1,160) | (1,144) | (893) |
| Provision (benefit) for income taxes (Note 15) | 476 | (286) | (487) |
| Cash recovered (paid) during the year for income taxes | (1,127) | (1,165) | (1,441) |
| Changes in operating working capital: | |||
| Decrease (increase) in current receivables | (3,011) | (177) | (1,319) |
| Decrease (increase) in inventories, including deferred inventory costs | (2,341) | (702) | 1,105 |
| Decrease (increase) in current contract assets | 1,463 | 1,031 | 1,631 |
| Increase (decrease) in accounts payable and equipment project payables | 2,793 | (2) | (582) |
| Increase (decrease) in progress collections and current deferred income | 2,492 | (1,052) | (247) |
| Financial services derivatives net collateral/settlement | (154) | (1,143) | 1,897 |
| All other operating activities | 1,160 | (1,317) | (109) |
| Cash from (used for) operating activities continuing operations | 5,864 | 888 | 1,025 |
| Cash from (used for) operating activities discontinued operations | 52 | 2,444 | 2,543 |
| Cash from (used for) operating activities | 5,916 | 3,332 | 3,568 |
| Cash flows investing activities | |||
| Additions to property, plant and equipment | (1,371) | (1,250) | (1,579) |
| Dispositions of property, plant and equipment | 209 | 167 | 203 |
| Additions to internal-use software | (113) | (111) | (151) |
| Proceeds from sale of discontinued operations | 0 | 22,356 | 0 |
| Proceeds from principal business dispositions | 15 | 1 | 20,562 |
| Net cash from (payments for) principal businesses purchased | (30) | (1,550) | (85) |
| Sales of retained ownership interests | 4,717 | 4,145 | 417 |
| Net (purchases) dispositions of insurance investment securities | (876) | (1,290) | (1,352) |
| All other investing activities | (726) | 1,237 | 1,280 |
| Cash from (used for) investing activities continuing operations | 1,825 | 23,705 | 19,297 |
| Cash from (used for) investing activities discontinued operations | 444 | (2,397) | (2,626) |
| Cash from (used for) investing activities | 2,270 | 21,308 | 16,671 |
| Cash flows financing activities | |||
| Net increase (decrease) in borrowings (maturities of 90 days or less) | 65 | (710) | (4,168) |
| Newly issued debt (maturities longer than 90 days) | 8,205 | 364 | 15,028 |
| Repayments and other debt reductions (maturities longer than 90 days) | (11,205) | (36,521) | (29,632) |
| Dividends paid to shareholders | (639) | (575) | (648) |
| Cash received (paid) for debt extinguishment costs | 338 | (7,196) | (335) |
| Purchases of GE common stock for treasury | (1,048) | (107) | (28) |
| All other financing activities | (1,302) | (551) | 23 |
| Cash from (used for) financing activities continuing operations | (5,585) | (45,296) | (19,762) |
| Cash from (used for) financing activities discontinued operations | 0 | 119 | (90) |
| Cash from (used for) financing activities | (5,585) | (45,177) | (19,852) |
| Effect of currency exchange rate changes on cash, cash equivalents and restricted cash | (369) | (213) | 145 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 2,232 | (20,750) | 531 |
| Cash, cash equivalents and restricted cash at beginning of year | 16,859 | 37,608 | |
| Cash, cash equivalents and restricted cash at December 31 | 19,092 | 16,859 | 37,608 |
| Less cash, cash equivalents and restricted cash of discontinued operations at December 31 | 1,176 | 736 | 623 |
| Cash, cash equivalents and restricted cash of continuing operations at December 31 | 17,916 | 16,123 | 36,985 |
| Supplemental disclosure of cash flows information | |||
| Cash paid during the year for interest | (1,561) | (2,536) | (2,976) |
| External Links | |
| GENERAL ELECTRIC CO (GE) Fiscal Year 2022 | |
| 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 |