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STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Dec. 31, 2017
Cash flows – operating activities          
Net earnings (loss) $ 669 $ 1,019 $ (444) $ 832  
(Earnings) loss from discontinued operations 121 146 1,673 385  
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities          
Depreciation and amortization of property, plant and equipment     2,695 2,318  
Amortization of intangible assets     1,171 1,083  
(Earnings) loss from continuing operations retained by GE Capital     0 0  
Deferred income taxes     (405) (571)  
Decrease (increase) in contract and other deferred assets     (856) (2,387)  
Decrease (increase) in GE current receivables     2,926 2,168  
Decrease (increase) in inventories     (1,588) (642)  
Increase (decrease) in accounts payable     258 (767)  
Increase (decrease) in GE progress collections     (949) 420  
All other operating activities     (2,240) 91  
Cash from (used for) operating activities – continuing operations     2,240 2,930  
Cash from (used for) operating activities – discontinued operations     (293) (895)  
Cash from (used for) operating activities     1,947 2,035  
Cash flows – investing activities          
Additions to property, plant and equipment     (3,320) (3,293)  
Dispositions of property, plant and equipment     1,770 2,166  
Additions to internal-use software     (184) (273)  
Net decrease (increase) in GE Capital financing receivables     837 1,053  
Proceeds from sale of discontinued operations     29 789  
Proceeds from principal business dispositions     2,368 145  
Net cash from (payments for) principal businesses purchased     0 (2,643)  
All other investing activities     1,164 6,453  
Cash from (used for) investing activities – continuing operations     2,665 4,397  
Cash from (used for) investing activities – discontinued operations     151 (2,089)  
Cash from (used for) investing activities     2,816 2,309  
Cash flows – financing activities          
Net increase (decrease) in borrowings (maturities of 90 days or less)     (2,043) 812  
Newly issued debt (maturities longer than 90 days)     542 9,036  
Repayments and other debt reductions (maturities longer than 90 days)     (16,419) (13,905)  
Net dispositions (purchases) of GE shares for treasury     (6) (2,732)  
Dividends paid to shareowners     (2,236) (4,332)  
All other financing activities     (752) (968)  
Cash from (used for) financing activities – continuing operations     (20,913) (12,089)  
Cash from (used for) financing activities – discontinued operations     0 1,909  
Cash from (used for) financing activities     (20,913) (10,181)  
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash     (285) 538  
Increase (decrease) in cash, cash equivalents and restricted cash     (16,436) (5,299)  
Cash, cash equivalents and restricted cash at beginning of year     44,724 50,384 $ 50,384
Cash, cash equivalents and restricted cash at June 30 28,288 45,085 28,288 45,085 44,724
Less cash, cash equivalents and restricted cash of discontinued operations at June 30 615 526 615 526  
Cash, cash equivalents and restricted cash of continuing operations at June 30 27,674 [1] 44,559 27,674 [1] 44,559 43,967 [1]
GE          
Cash flows – operating activities          
Net earnings (loss) [2] 482 833 (664) 610  
(Earnings) loss from discontinued operations [2] 121 152 1,673 392  
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]     1,595 1,192  
Amortization of intangible assets [2]     1,141 1,049  
(Earnings) loss from continuing operations retained by GE Capital [2],[3]     422 4,242  
Deferred income taxes [2]     153 (623)  
Decrease (increase) in contract and other deferred assets [2]     (856) (2,387)  
Decrease (increase) in GE current receivables [2]     (125) 1,009  
Decrease (increase) in inventories [2]     (1,599) (636)  
Increase (decrease) in accounts payable [2]     266 (1,039)  
Increase (decrease) in GE progress collections [2]     (779) 473  
All other operating activities [2]     (2,001) (696)  
Cash from (used for) operating activities – continuing operations [2]     (773) 3,586  
Cash from (used for) operating activities – discontinued operations [2]     0 0  
Cash from (used for) operating activities [2]     (773) 3,586  
Cash flows – investing activities          
Additions to property, plant and equipment [2]     (1,651) (1,958)  
Dispositions of property, plant and equipment [2]     332 572  
Additions to internal-use software [2]     (172) (258)  
Net decrease (increase) in GE Capital financing receivables [2]     0 0  
Proceeds from sale of discontinued operations [2]     0 0  
Proceeds from principal business dispositions [2]     2,368 145  
Net cash from (payments for) principal businesses purchased [2]     0 (2,643)  
All other investing activities [2]     (886) (527)  
Cash from (used for) investing activities – continuing operations [2]     (9) (4,670)  
Cash from (used for) investing activities – discontinued operations [2]     0 0  
Cash from (used for) investing activities [2]     (9) (4,670)  
Cash flows – financing activities          
Net increase (decrease) in borrowings (maturities of 90 days or less) [2]     (1,165) 306  
Newly issued debt (maturities longer than 90 days) [2]     1,058 12,780  
Repayments and other debt reductions (maturities longer than 90 days) [2]     (1,085) (1,529)  
Net dispositions (purchases) of GE shares for treasury [2]     (6) (2,732)  
Dividends paid to shareowners [2]     (2,089) (4,184)  
All other financing activities [2]     (742) (271)  
Cash from (used for) financing activities – continuing operations [2]     (4,028) 4,370  
Cash from (used for) financing activities – discontinued operations [2]     0 0  
Cash from (used for) financing activities [2]     (4,028) 4,370  
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash [2]     (206) 261  
Increase (decrease) in cash, cash equivalents and restricted cash [2]     (5,017) 3,548  
Cash, cash equivalents and restricted cash at beginning of year [2]     18,822 11,083 11,083
Cash, cash equivalents and restricted cash at June 30 [2] 13,805 14,631 13,805 14,631 18,822
Less cash, cash equivalents and restricted cash of discontinued operations at June 30 [2] 0 0 0 0  
Cash, cash equivalents and restricted cash of continuing operations at June 30 [2] 13,805 [4] 14,631 13,805 [4] 14,631 18,822 [4]
Financial Services (GE Capital)          
Cash flows – operating activities          
Net earnings (loss) (86) (138) (1,821) (392)  
(Earnings) loss from discontinued operations 66 146 1,618 388  
Adjustments to reconcile net earnings (loss) attributable to the Company to cash provided from operating activities          
Depreciation and amortization of property, plant and equipment     1,086 1,127  
Amortization of intangible assets     30 34  
(Earnings) loss from continuing operations retained by GE Capital [3]     0 0  
Deferred income taxes     (558) 52  
Decrease (increase) in contract and other deferred assets     0 0  
Decrease (increase) in GE current receivables     0 0  
Decrease (increase) in inventories     14 (9)  
Increase (decrease) in accounts payable     (85) (117)  
Increase (decrease) in GE progress collections     0 0  
All other operating activities     (439) 880  
Cash from (used for) operating activities – continuing operations     (154) 1,964  
Cash from (used for) operating activities – discontinued operations     (293) (894)  
Cash from (used for) operating activities     (447) 1,069  
Cash flows – investing activities          
Additions to property, plant and equipment     (1,732) (1,704)  
Dispositions of property, plant and equipment     1,439 1,829  
Additions to internal-use software     (11) (14)  
Net decrease (increase) in GE Capital financing receivables     5,451 2,824  
Proceeds from sale of discontinued operations     29 789  
Proceeds from principal business dispositions     0 0  
Net cash from (payments for) principal businesses purchased     0 0  
All other investing activities     529 4,136  
Cash from (used for) investing activities – continuing operations     5,705 7,860  
Cash from (used for) investing activities – discontinued operations     151 (2,089)  
Cash from (used for) investing activities     5,856 5,771  
Cash flows – financing activities          
Net increase (decrease) in borrowings (maturities of 90 days or less)     (1,593) 332  
Newly issued debt (maturities longer than 90 days)     394 356  
Repayments and other debt reductions (maturities longer than 90 days)     (15,394) (13,705)  
Net dispositions (purchases) of GE shares for treasury     0 0  
Dividends paid to shareowners     (147) (4,164)  
All other financing activities     (9) (692)  
Cash from (used for) financing activities – continuing operations     (16,749) (17,872)  
Cash from (used for) financing activities – discontinued operations     0 1,909  
Cash from (used for) financing activities     (16,749) (15,964)  
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash     (79) 277  
Increase (decrease) in cash, cash equivalents and restricted cash     (11,419) (8,846)  
Cash, cash equivalents and restricted cash at beginning of year     25,902 39,301 39,301
Cash, cash equivalents and restricted cash at June 30 14,483 30,455 14,483 30,455 25,902
Less cash, cash equivalents and restricted cash of discontinued operations at June 30 615 526 615 526  
Cash, cash equivalents and restricted cash of continuing operations at June 30 $ 13,868 [4] $ 29,928 $ 13,868 [4] $ 29,928 $ 25,145 [4]
[1] Includes restricted cash of $725 million and $668 million at June 30, 2018 and December 31, 2017, respectively.
[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 common dividends paid to GE.
[4] GE restricted cash was $394 million and $611 million at June 30, 2018 and December 31, 2017, respectively, and GE Capital restricted cash was $331 million and $57 million at June 30, 2018 and December 31, 2017, respectively.