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STATEMENT OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Millions
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows – operating activities    
Net earnings (loss) $ 7,518 $ (1,971)
(Earnings) loss from discontinued operations activities (239) (365)
Adjustments to reconcile net earnings (loss) to cash from (used for) operating activities    
Depreciation and amortization of property, plant and equipment 719 783
Amortization of intangible assets (Note 7) 299 1,058
(Gains) losses on purchases and sales of business interests 13 (19)
(Gains) losses on retained and sold ownership interests and other equity securities (6,282) 1,965
Principal pension plans cost (Note 14) (556) 180
Principal pension plans employer contributions (104) (100)
Other postretirement benefit plans (net) (343) (433)
Provision (benefit) for income taxes 603 190
Cash recovered (paid) during the year for income taxes (521) (174)
Changes in operating working capital:    
Decrease (increase) in current receivables 26 (1,185)
Decrease (increase) in inventories, including deferred inventory costs (1,802) (1,874)
Decrease (increase) in current contract assets 680 400
Increase (decrease) in accounts payable and equipment project payables (22) 1,111
Increase (decrease) in progress collections and current deferred income 728 707
Financial services derivatives net collateral/settlement 3 (223)
All other operating activities (256) (481)
Cash from (used for) operating activities – continuing operations 465 (434)
Cash from (used for) operating activities – discontinued operations (250) 428
Cash from (used for) operating activities 215 (6)
Cash flows – investing activities    
Additions to property, plant and equipment and internal-use software (663) (549)
Dispositions of property, plant and equipment 62 69
Net cash from (payments for) principal businesses purchased (333) 0
Dispositions of retained ownership interests 4,304 3,783
Net (purchases) dispositions of insurance investment securities (1,381) (1,356)
All other investing activities 963 (542)
Cash from (used for) investing activities – continuing operations 2,952 1,405
Cash from (used for) investing activities – discontinued operations (3,113) 121
Cash from (used for) investing activities (161) 1,525
Cash flows – financing activities    
Net increase (decrease) in borrowings (maturities of 90 days or less) (31) 63
Newly issued debt (maturities longer than 90 days) 10 0
Repayments and other debt reductions (maturities longer than 90 days) (2,590) (2,045)
Dividends paid to shareholders (350) (294)
Redemption of GE preferred stock (3,000) 0
Purchases of GE common stock for treasury (632) (370)
All other financing activities 206 (440)
Cash from (used for) financing activities – continuing operations (6,386) (3,086)
Cash from (used for) financing activities – discontinued operations 1,992 (54)
Cash from (used for) financing activities (4,394) (3,140)
Effect of currency exchange rate changes on cash, cash equivalents and restricted cash 79 (266)
Increase (decrease) in cash, cash equivalents and restricted cash (4,260) (1,887)
Cash, cash equivalents and restricted cash at beginning of year 19,092 16,859
Cash, cash equivalents and restricted cash at June 30 14,832 14,971
Less cash, cash equivalents and restricted cash of discontinued operations at June 30 1,318 1,741
Cash, cash equivalents and restricted cash of continuing operations at June 30 $ 13,514 $ 13,231