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STATEMENT OF CASH FLOWS - USD ($)
$ in Millions
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows – operating activities    
Net earnings (loss) $ 3,624 $ 4,881
Less net earnings (loss) attributable to noncontrolling interests (231) (283)
Net earnings (loss) attributable to the Company 3,856 5,164
(Earnings) loss from discontinued operations 490 954
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities    
Depreciation and amortization of property, plant and equipment 3,715 3,641
(Earnings) loss from continuing operations retained by GE Capital 0 0
Deferred income taxes (669) 1,244
Decrease (increase) in GE current receivables 1,737 763
Decrease (increase) in inventories (1,454) (2,594)
Increase (decrease) in accounts payable (518) (49)
Increase (decrease) in GE progress collections (269) 78
All other operating activities [1] (2,881) (5,356)
Cash from (used for) operating activities – continuing operations 4,008 3,846
Cash from (used for) operating activities – discontinued operations (490) (5,719)
Cash from (used for) operating activities 3,518 (1,873)
Cash flows – investing activities    
Additions to property, plant and equipment (5,071) (5,109)
Dispositions of property, plant and equipment 3,768 3,403
Net decrease (increase) in GE Capital financing receivables 1,184 293
Proceeds from sale of discontinued operations 1,018 53,250
Proceeds from principal business dispositions 3,030 5,273
Net cash from (payments for) principal businesses purchased (6,053) (930)
All other investing activities [2] 6,815 (2,621)
Cash from (used for) investing activities – continuing operations 4,692 53,559
Cash from (used for) investing activities – discontinued operations (2,349) (12,056)
Cash from (used for) investing activities 2,343 41,503
Cash flows – financing activities    
Net increase (decrease) in borrowings (maturities of 90 days or less) 531 (1,021)
Newly issued debt (maturities longer than 90 days) 9,337 1,178
Repayments and other debt reductions (maturities longer than 90 days) (18,418) (50,500)
Net dispositions (purchases) of GE shares for treasury (2,620) (17,969)
Dividends paid to shareowners (6,417) (6,611)
All other financing activities (640) (266)
Cash from (used for) financing activities – continuing operations (18,228) (75,188)
Cash from (used for) financing activities – discontinued operations 1,905 295
Cash from (used for) financing activities (16,323) (74,893)
Effect of currency exchange rate changes on cash and equivalents 1,253 (169)
Increase (decrease) in cash and equivalents (9,208) (35,432)
Cash and equivalents at beginning of year 49,558 90,878
Cash and equivalents at September 30 40,350 55,445
Less cash and equivalents of discontinued operations at September 30 496 2,915
Cash and equivalents of continuing operations at September 30 39,854 52,530
GE    
Cash flows – operating activities    
Net earnings (loss) [3],[4] 3,368 4,414
Less net earnings (loss) attributable to noncontrolling interests [3],[4] (236) (275)
Net earnings (loss) attributable to the Company [3],[4] 3,604 4,689
(Earnings) loss from discontinued operations [3],[4] 497 956
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities    
Depreciation and amortization of property, plant and equipment [3] 1,977 1,857
(Earnings) loss from continuing operations retained by GE Capital [3],[5] 4,211 17,518
Deferred income taxes [3] (401) 81
Decrease (increase) in GE current receivables [3] 701 455
Decrease (increase) in inventories [3] (1,437) (2,543)
Increase (decrease) in accounts payable [3] (980) (38)
Increase (decrease) in GE progress collections [3] (179) 179
All other operating activities [2],[3] (3,942) (4,812)
Cash from (used for) operating activities – continuing operations [3] 4,050 18,342
Cash from (used for) operating activities – discontinued operations [3] 0 0
Cash from (used for) operating activities [3] 4,050 18,342
Cash flows – investing activities    
Additions to property, plant and equipment [3] (3,051) (2,804)
Dispositions of property, plant and equipment [3] 825 727
Net decrease (increase) in GE Capital financing receivables [3] 0 0
Proceeds from sale of discontinued operations [3] 0 0
Proceeds from principal business dispositions [3] 2,908 5,273
Net cash from (payments for) principal businesses purchased [3] (6,053) (930)
All other investing activities [2],[3] (2,375) (1,915)
Cash from (used for) investing activities – continuing operations [3] (7,745) 350
Cash from (used for) investing activities – discontinued operations [3] 0 0
Cash from (used for) investing activities [3] (7,744) 351
Cash flows – financing activities    
Net increase (decrease) in borrowings (maturities of 90 days or less) [3] 170 1,732
Newly issued debt (maturities longer than 90 days) [3] 16,214 5,180
Repayments and other debt reductions (maturities longer than 90 days) [3] (1,532) (755)
Net dispositions (purchases) of GE shares for treasury [3] (2,620) (17,969)
Dividends paid to shareowners [3] (6,269) (6,427)
All other financing activities [3] (461) (143)
Cash from (used for) financing activities – continuing operations [3] 5,501 (18,382)
Cash from (used for) financing activities – discontinued operations [3] 0 0
Cash from (used for) financing activities [3] 5,501 (18,382)
Effect of currency exchange rate changes on cash and equivalents [3] 504 (91)
Increase (decrease) in cash and equivalents [3] 2,311 219
Cash and equivalents at beginning of year [3] 10,525 10,372
Cash and equivalents at September 30 [3] 12,836 10,591
Less cash and equivalents of discontinued operations at September 30 [3] 0 0
Cash and equivalents of continuing operations at September 30 [3] 12,836 10,591
Financial Services (GE Capital)    
Cash flows – operating activities    
Net earnings (loss) (439) (1,956)
Less net earnings (loss) attributable to noncontrolling interests 5 (8)
Net earnings (loss) attributable to the Company (443) (1,948)
(Earnings) loss from discontinued operations 494 954
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities    
Depreciation and amortization of property, plant and equipment 1,736 1,771
(Earnings) loss from continuing operations retained by GE Capital [5] 0 0
Deferred income taxes (267) 1,164
Decrease (increase) in GE current receivables 0 0
Decrease (increase) in inventories 0 (15)
Increase (decrease) in accounts payable (97) 12
Increase (decrease) in GE progress collections 0 0
All other operating activities [2] 632 (35)
Cash from (used for) operating activities – continuing operations 2,053 1,903
Cash from (used for) operating activities – discontinued operations (490) (5,719)
Cash from (used for) operating activities 1,563 (3,815)
Cash flows – investing activities    
Additions to property, plant and equipment (2,422) (2,719)
Dispositions of property, plant and equipment 3,186 2,974
Net decrease (increase) in GE Capital financing receivables 3,242 128
Proceeds from sale of discontinued operations 1,018 53,250
Proceeds from principal business dispositions 0 0
Net cash from (payments for) principal businesses purchased 0 0
All other investing activities [2] 3,472 (6,435)
Cash from (used for) investing activities – continuing operations 8,497 47,198
Cash from (used for) investing activities – discontinued operations (2,349) (12,056)
Cash from (used for) investing activities 6,147 35,142
Cash flows – financing activities    
Net increase (decrease) in borrowings (maturities of 90 days or less) 243 (1,945)
Newly issued debt (maturities longer than 90 days) 420 987
Repayments and other debt reductions (maturities longer than 90 days) (18,215) (49,745)
Net dispositions (purchases) of GE shares for treasury 0 0
Dividends paid to shareowners (4,164) (16,234)
All other financing activities (168) (259)
Cash from (used for) financing activities – continuing operations (21,884) (67,196)
Cash from (used for) financing activities – discontinued operations 1,905 295
Cash from (used for) financing activities (19,979) (66,900)
Effect of currency exchange rate changes on cash and equivalents 749 (78)
Increase (decrease) in cash and equivalents (11,519) (35,652)
Cash and equivalents at beginning of year 39,033 80,506
Cash and equivalents at September 30 27,514 44,854
Less cash and equivalents of discontinued operations at September 30 496 2,915
Cash and equivalents of continuing operations at September 30 $ 27,019 $ 41,939
[1] Included a $512 million correction of investing cash flows used for the settlement of derivative instruments classified as operating during the the six months ended June 30, 2017. Therefore, operating cash flows were understated and investing cash flows were overstated during the the six months ended June 30, 2017.
[2] GE included a $512 million correction of investing cash flows used for the settlement of derivative instruments classified as operating during the the six months ended June 30, 2017. Therefore, operating cash flows were understated and investing cash flows were overstated during the the six months ended June 30, 2017.
[3] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis.
[4] Represents the adding together of all affiliated companies except GE Capital, which is presented on a one-line basis. See Note 1.
[5] Represents GE Capital earnings/loss from continuing operations attributable to the Company, net of GE Capital dividends paid to GE.