Intercompany Transactions

12 Months Ended

Dec. 31, 2016

Intercompany Transactions [Abstract]

Intercompany Transactions

NOTE 24. INTERCOMPANY TRANSACTIONS

Transactions between related companies are made on an arms-length basis and are reported in the GE and GE Capital columns of our financial statements, but are eliminated in deriving our consolidated financial statements. These transactions include, but are not limited to, the following:

• GE Capital dividends to GE,
• GE Capital working capital solutions to optimize GE cash management,
• GE Capital enabled GE industrial orders, and
• Aircraft engines, power equipment and healthcare equipment manufactured by GE that are installed on GE Capital investments, including leased equipment.

In addition to the above transactions that primarily enable growth for the GE businesses, there are routine related party transactions, which include, but are not limited to, the following:

• Expenses related to parent-subsidiary pension plans,
• Buildings and equipment leased between GE and GE Capital, including sale-leaseback transactions,
• Information technology (IT) and other services sold to GE Capital by GE, and
• Various investments, loans and allocations of GE corporate overhead costs.

Presented below is a walk of intercompany eliminations from the unconsolidated GE and GE Capital

(In millions)	2016		2015		2014
Cash from (used for) operating activities-continuing operations
Combined	$	28,408	$	17,891	$	21,434
GE current receivables sold to GE Capital		697		(856)		(1,882)
GE Capital dividends to GE		(20,095)		(4,300)		(3,000)
Other reclassifications and eliminations(a)		(2,911)		(879)		(519)
Total cash from (used for) operating activities-continuing operations	$	6,099	$	11,856	$	16,033
Cash from (used for) investing activities-continuing operations
Combined	$	58,134	$	59,516	$	17,252
GE current receivables sold to GE Capital		(230)		1,261		1,730
GE Capital short-term loan to GE		1,329		-		-
Other reclassifications and eliminations(a)		3,380		836		247
Total cash from (used for) investing activities-continuing operations	$	62,613	$	61,613	$	19,229
Cash from (used for) financing activities-continuing operations
Combined	$	(107,750)	$	(73,484)	$	(44,340)
GE current receivables sold to GE Capital		(467)		(405)		152
GE Capital dividends to GE		20,095		4,300		3,000
GE Capital short-term loan to GE		(1,329)		-		-
Other reclassifications and eliminations(a)		(469)		42		276
Total cash from (used for) financing activities-continuing operations	$	(89,920)	$	(69,547)	$	(40,912)

(a)Includes eliminations of other cash flows activities including those related to GE Capital enabled GE industrial orders, various investments, loans and allocations of GE corporate overhead costs.