XML 30 R8.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated and Combined Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income (loss) $ 283 $ (391) $ 185
Adjustments to reconcile net income (loss) to net cash flows from (used in) operating activities:      
Depreciation and amortization 1,486 1,103 550
Provision for deferred income taxes (249) (333) (38)
Gain on sale of Natural Gas Solution business (171) 0 0
Equity in loss of affiliate 139 11 0
Changes in operating assets and liabilities:      
Current receivables (204) (1,190) 278
Inventories (339) 418 367
Accounts payable 794 303 (256)
Progress collections and deferred income (27) (293) (719)
Contract and other deferred assets 129 (439) (88)
Other operating items, net (79) 12 (17)
Net cash flows from (used in) operating activities 1,762 (799) 262
Cash flows from investing activities:      
Expenditures for capital assets (995) (665) (424)
Proceeds from disposal of assets 458 172 20
Proceeds from business dispositions 453 20 0
Net cash paid for acquisitions (89) (3,365) (1)
Net cash paid for business interests (505) (10) (15)
Other investing items, net 100 (275) (52)
Net cash flows used in investing activities (578) (4,123) (472)
Cash flows from financing activities:      
Net repayments of short-term borrowings (376) (663) (156)
Proceeds from the issuance of long-term debt 0 3,928 0
Repayments of long-term debt (684) (177) 0
Dividends paid (315) (155) 0
Dividends and paired distributions to GE (495) (251) 0
Repurchase of Class A common stock (387) (174) 0
Repurchase of common units from GE by BHGE LLC (2,099) (303) 0
Net transfer from Parent 0 1,498 191
Contribution received from GE 0 7,400 0
Other financing items, net (7) (184) (137)
Net cash flows from (used in) financing activities (4,363) 10,919 (102)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash (128) 52 (139)
Increase (decrease) in cash, cash equivalents and restricted cash (3,307) 6,049 (451)
Cash, cash equivalents and restricted cash, beginning of period 7,030 [1] 981 1,432
Cash, cash equivalents and restricted cash, end of period 3,723 [1] 7,030 [1] 981
Supplemental cash flows disclosures:      
Income taxes paid, net of refunds 424 230 317
Interest paid $ 301 $ 109 $ 55
[1] Total assets include $896 million and $1,124 million of assets held on behalf of GE, of which $747 million and $997 million is cash and cash equivalents and $149 million and $127 million is investment securities at December 31, 2018 and December 31, 2017, respectively, and a corresponding amount of liability is reported in short-term borrowings. See "Note 18. Related Party Transactions" for further details.