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STATEMENT OF CASH FLOWS
$ in Millions
12 Months Ended
Dec. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Cash flows – operating activities      
Net earnings (loss) $ 292 $ (6,591) $ 5,546
(Earnings) loss from discontinued operations activities 644 3,195 911
Adjustments to reconcile net earnings (loss) to cash from (used for) operating activities      
Depreciation and amortization of property, plant and equipment 1,802 1,871 2,128
Amortization of intangible assets (Note 7) 1,742 1,138 1,336
Goodwill impairments (Note 7) 0 0 877
(Gains) losses on purchases and sales of business interests (Note 19) (66) 40 (12,469)
(Gains) losses on equity securities (Note 19) 144 (1,656) 2,085
Debt extinguishment costs 465 6,524 301
Principal pension plans cost (Note 13) 575 2,650 3,559
Principal pension plans employer contributions (Note 13) (325) (326) (2,806)
Other postretirement benefit plans (net) (Note 13) (1,160) (1,144) (893)
Provision (benefit) for income taxes (Note 15) 476 (286) (487)
Cash recovered (paid) during the year for income taxes (1,127) (1,165) (1,441)
Changes in operating working capital:      
Decrease (increase) in current receivables (3,011) (177) (1,319)
Decrease (increase) in inventories, including deferred inventory costs (2,341) (702) 1,105
Decrease (increase) in current contract assets 1,463 1,031 1,631
Increase (decrease) in accounts payable and equipment project payables 2,793 (2) (582)
Increase (decrease) in progress collections and current deferred income 2,492 (1,052) (247)
Financial services derivatives net collateral/settlement (154) (1,143) 1,897
All other operating activities 1,160 (1,317) (109)
Cash from (used for) operating activities – continuing operations 5,864 888 1,025
Cash from (used for) operating activities – discontinued operations 52 2,444 2,543
Cash from (used for) operating activities 5,916 3,332 3,568
Cash flows – investing activities      
Additions to property, plant and equipment (1,371) (1,250) (1,579)
Dispositions of property, plant and equipment 209 167 203
Additions to internal-use software (113) (111) (151)
Proceeds from sale of discontinued operations 0 22,356 0
Proceeds from principal business dispositions 15 1 20,562
Net cash from (payments for) principal businesses purchased (30) (1,550) (85)
Sales of retained ownership interests 4,717 4,145 417
Net (purchases) dispositions of insurance investment securities (876) (1,290) (1,352)
All other investing activities (726) 1,237 1,280
Cash from (used for) investing activities – continuing operations 1,825 23,705 19,297
Cash from (used for) investing activities – discontinued operations 444 (2,397) (2,626)
Cash from (used for) investing activities 2,270 21,308 16,671
Cash flows – financing activities      
Net increase (decrease) in borrowings (maturities of 90 days or less) 65 (710) (4,168)
Newly issued debt (maturities longer than 90 days) 8,205 364 15,028
Repayments and other debt reductions (maturities longer than 90 days) (11,205) (36,521) (29,632)
Dividends paid to shareholders (639) (575) (648)
Cash received (paid) for debt extinguishment costs 338 (7,196) (335)
Purchases of GE common stock for treasury (1,048) (107) (28)
All other financing activities (1,302) (551) 23
Cash from (used for) financing activities – continuing operations (5,585) (45,296) (19,762)
Cash from (used for) financing activities – discontinued operations 0 119 (90)
Cash from (used for) financing activities (5,585) (45,177) (19,852)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash (369) (213) 145
Increase (decrease) in cash, cash equivalents and restricted cash 2,232 (20,750) 531
Cash, cash equivalents and restricted cash at beginning of year 16,859 37,608 37,077
Cash, cash equivalents and restricted cash at December 31 19,092 16,859 37,608
Less cash, cash equivalents and restricted cash of discontinued operations at December 31 1,176 736 623
Cash, cash equivalents and restricted cash of continuing operations at December 31 17,916 16,123 36,985
Supplemental disclosure of cash flows information      
Cash paid during the year for interest $ (1,561) $ (2,536) $ (2,976)