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STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows – operating activities    
Net earnings (loss) $ 1,931 $ 2,930
Less net earnings (loss) attributable to noncontrolling interests (90) (207)
Net earnings (loss) attributable to the Company 2,020 3,137
(Earnings) loss from discontinued operations 385 849
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities    
Depreciation and amortization of property, plant and equipment 2,318 2,505
(Earnings) loss from continuing operations retained by GE Capital 0 0
Deferred income taxes (170) 672
Decrease (increase) in GE current receivables 2,385 1,879
Decrease (increase) in inventories (598) (2,629)
Increase (decrease) in accounts payable (729) 132
Increase (decrease) in GE progress collections (32) 510
All other operating activities (2,190) (5,040)
Cash from (used for) operating activities – continuing operations 3,389 2,014
Cash from (used for) operating activities – discontinued operations (895) (4,849)
Cash from (used for) operating activities 2,494 (2,835)
Cash flows – investing activities    
Additions to property, plant and equipment (3,470) (3,052)
Dispositions of property, plant and equipment 2,343 1,222
Net decrease (increase) in GE Capital financing receivables 1,053 (1,146)
Proceeds from sale of discontinued operations 789 42,874
Proceeds from principal business dispositions 145 5,609
Net cash from (payments for) principal businesses purchased (2,643) (206)
All other investing activities 5,866 (2,887)
Cash from (used for) investing activities – continuing operations 4,083 42,414
Cash from (used for) investing activities – discontinued operations (1,922) (10,646)
Cash from (used for) investing activities 2,161 31,768
Cash flows – financing activities    
Net increase (decrease) in borrowings (maturities of 90 days or less) 812 758
Newly issued debt (maturities longer than 90 days) 9,036 855
Repayments and other debt reductions (maturities longer than 90 days) (13,905) (45,467)
Net dispositions (purchases) of GE shares for treasury (2,732) (14,292)
Dividends paid to shareowners (4,332) (4,508)
All other financing activities (968) (109)
Cash from (used for) financing activities – continuing operations (12,089) (62,763)
Cash from (used for) financing activities – discontinued operations 1,909 (711)
Cash from (used for) financing activities (10,181) (63,474)
Effect of currency exchange rate changes on cash and equivalents 538 (24)
Increase (decrease) in cash and equivalents (4,988) (34,565)
Cash and equivalents at beginning of year 49,558 90,878
Cash and equivalents at June 30 44,571 56,313
Less cash and equivalents of discontinued operations at June 30 522 4,190
Cash and equivalents of continuing operations at June 30 44,049 52,123
GE    
Cash flows – operating activities    
Net earnings (loss) [1],[2] 1,708 2,496
Less net earnings (loss) attributable to noncontrolling interests [1],[2] (96) (199)
Net earnings (loss) attributable to the Company [1],[2] 1,804 2,695
(Earnings) loss from discontinued operations [1],[2] 392 852
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities    
Depreciation and amortization of property, plant and equipment [1] 1,192 1,300
(Earnings) loss from continuing operations retained by GE Capital [1],[3] 4,242 12,496
Deferred income taxes [1] (222) 293
Decrease (increase) in GE current receivables [1] 929 280
Decrease (increase) in inventories [1] (592) (2,623)
Increase (decrease) in accounts payable [1] (1,001) (30)
Increase (decrease) in GE progress collections [1] 21 510
All other operating activities [1] (3,180) (5,007)
Cash from (used for) operating activities – continuing operations [1] 3,585 10,767
Cash from (used for) operating activities – discontinued operations [1] 0 0
Cash from (used for) operating activities [1] 3,585 10,767
Cash flows – investing activities    
Additions to property, plant and equipment [1] (2,135) (1,940)
Dispositions of property, plant and equipment [1] 749 539
Net decrease (increase) in GE Capital financing receivables [1] 0 0
Proceeds from sale of discontinued operations [1] 0 0
Proceeds from principal business dispositions [1] 145 4,836
Net cash from (payments for) principal businesses purchased [1] (2,643) (206)
All other investing activities [1] (800) (1,054)
Cash from (used for) investing activities – continuing operations [1] (4,684) 2,175
Cash from (used for) investing activities – discontinued operations [1] 0 0
Cash from (used for) investing activities [1] (4,684) 2,175
Cash flows – financing activities    
Net increase (decrease) in borrowings (maturities of 90 days or less) [1] 469 601
Newly issued debt (maturities longer than 90 days) [1] 12,780 5,126
Repayments and other debt reductions (maturities longer than 90 days) [1] (1,529) (179)
Net dispositions (purchases) of GE shares for treasury [1] (2,732) (14,292)
Dividends paid to shareowners [1] (4,184) (4,324)
All other financing activities [1] (271) (186)
Cash from (used for) financing activities – continuing operations [1] 4,533 (13,256)
Cash from (used for) financing activities – discontinued operations [1] 0 0
Cash from (used for) financing activities [1] 4,533 (13,256)
Effect of currency exchange rate changes on cash and equivalents [1] 261 (127)
Increase (decrease) in cash and equivalents [1] 3,695 (440)
Cash and equivalents at beginning of year [1] 10,525 10,372
Cash and equivalents at June 30 [1] 14,220 9,931
Less cash and equivalents of discontinued operations at June 30 [1] 0 0
Cash and equivalents of continuing operations at June 30 [1] 14,220 9,931
Financial Services (GE Capital)    
Cash flows – operating activities    
Net earnings (loss) (392) (1,911)
Less net earnings (loss) attributable to noncontrolling interests 6 (8)
Net earnings (loss) attributable to the Company (398) (1,903)
(Earnings) loss from discontinued operations 388 849
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities    
Depreciation and amortization of property, plant and equipment 1,127 1,191
(Earnings) loss from continuing operations retained by GE Capital [3] 0 0
Deferred income taxes 52 379
Decrease (increase) in GE current receivables 0 0
Decrease (increase) in inventories (9) 6
Increase (decrease) in accounts payable (117) 10
Increase (decrease) in GE progress collections 0 0
All other operating activities 921 (91)
Cash from (used for) operating activities – continuing operations 1,964 440
Cash from (used for) operating activities – discontinued operations (894) (4,848)
Cash from (used for) operating activities 1,069 (4,408)
Cash flows – investing activities    
Additions to property, plant and equipment (1,704) (1,264)
Dispositions of property, plant and equipment 1,829 865
Net decrease (increase) in GE Capital financing receivables 2,824 1,191
Proceeds from sale of discontinued operations 789 42,874
Proceeds from principal business dispositions 0 0
Net cash from (payments for) principal businesses purchased 0 0
All other investing activities 4,119 (6,345)
Cash from (used for) investing activities – continuing operations 7,857 37,321
Cash from (used for) investing activities – discontinued operations (1,922) (10,646)
Cash from (used for) investing activities 5,935 26,675
Cash flows – financing activities    
Net increase (decrease) in borrowings (maturities of 90 days or less) 332 31
Newly issued debt (maturities longer than 90 days) 356 715
Repayments and other debt reductions (maturities longer than 90 days) (13,705) (45,288)
Net dispositions (purchases) of GE shares for treasury 0 0
Dividends paid to shareowners (4,164) (11,184)
All other financing activities (692) (57)
Cash from (used for) financing activities – continuing operations (17,872) (55,783)
Cash from (used for) financing activities – discontinued operations 1,909 (711)
Cash from (used for) financing activities (15,964) (56,494)
Effect of currency exchange rate changes on cash and equivalents 277 103
Increase (decrease) in cash and equivalents (8,683) (34,124)
Cash and equivalents at beginning of year 39,033 80,506
Cash and equivalents at June 30 30,351 46,382
Less cash and equivalents of discontinued operations at June 30 522 4,190
Cash and equivalents of continuing operations at June 30 $ 29,829 $ 42,192
[1] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.
[2] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
[3] Represents GE Capital earnings/loss from continuing operations attributable to the Company, net of GE Capital dividends paid to GE.